2015-03-01
true
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Private Limited Company
08400198
2016-02-28
08400198
2015-03-01
2016-02-28
08400198
2015-02-28
08400198
2014-03-01
2015-02-28
08400198
uk-bus:Director1
2015-03-01
2016-02-28
08400198
uk-gaap:ComputerEquipment
2015-03-01
2016-02-28
08400198
uk-gaap:CommercialMotorVehicles
2015-03-01
2016-02-28
08400198
uk-gaap:ToolsEquipment
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08400198
uk-bus:AllOrdinaryShares
2016-02-28
iso4217:GBP
For the year ended 28 February 2016
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 08400198
2
Relays Mini Buses Ltd
For the year ended 28 February 2016
1
Balance Sheet
2 to 4
Notes to the Abbreviated Financial Statements
3
| Abbreviated Balance Sheet |
Relays Mini Buses Ltd
2016
2015
2
11,000
11,000
3
67,629
42,640
78,629
53,640
7,393
6,304
2,168
-
8,472
7,393
| Creditors: amounts falling due within one year |
(12,713)
(9,872)
(5,320)
(1,400)
Net current liabilities
| Total assets less current liabilities |
77,229
48,320
| Creditors: amounts falling due after more than one year |
(48,863)
(66,859)
(10,256)
(4,789)
| Provisions for liabilities |
114
Net assets/liabilities
(5,332)
100
4
100
14
(5,432)
114
(5,332)
Shareholders funds
| For the year ended 28 February 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. |
| Date approved by the board: 21 November 2016 |
| Mr Leslie Beacher Director |
| Signed on behalf of the board of directors |
1 of 4
4
| Notes to the Abbreviated Financial Statements |
Relays Mini Buses Ltd
For the year ended 28 February 2016
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
| The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities. |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
| Finance lease and hire purchase charges |
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
| Deferred taxation arises when items are charged or credited in accounts in different periods to those in which they are included in the company's tax computations.Deferred tax is provided in full on timing differences that result in an obligation to pay more (or less) tax at a future date. Deferred tax is calculated at the average rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. The resulting deferred tax asset or liability is not discounted.Deferred tax assets are only recognised if it is more likely than not that they will be recovered either against future taxable profits or against the reversal of other deferred tax liabilities. |
| Proposed dividends are only included as liabilities in the financial statements when their payment has been approved |
| by the shareholders prior to the balance sheet date. |
| Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Relays Mini Buses Ltd
For the year ended 28 February 2016
| Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the |
| estimated expected useful economic life of the goodwill of 20 years. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Motor Vehicles
Tools and Equipment
| Assets on finance lease and hire purchase |
| Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and |
| rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets |
| and depreciated over the shorter of the lease term and their estimated expected useful lives. |
| Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods. |
| 2 Intangible fixed assets |
11,000
11,000
11,000
11,000
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Relays Mini Buses Ltd
For the year ended 28 February 2016
68,994
29,000
97,994
26,354
4,011
Charge for year
30,365
67,629
42,640
| Allotted called up and fully paid |
2016
2015
| 100 Ordinary shares of £1.00 each |
100
100
100
100
4 of 4
