Abbreviated Company Accounts - BIRMINGHAM CABS LTD

Abbreviated Company Accounts - BIRMINGHAM CABS LTD

BIRMINGHAM CABS LTD - Company Information

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Registered Number 04511677

BIRMINGHAM CABS LTD

Abbreviated Accounts

31 August 2016

BIRMINGHAM CABS LTD Registered Number 04511677

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 3,710 4,947
3,710 4,947
Current assets
Debtors 67,457 2,630
Cash at bank and in hand 30,575 95,804
98,032 98,434
Creditors: amounts falling due within one year (39,106) (58,171)
Net current assets (liabilities) 58,926 40,263
Total assets less current liabilities 62,636 45,210
Total net assets (liabilities) 62,636 45,210
Capital and reserves
Called up share capital 999 999
Profit and loss account 61,637 44,211
Shareholders' funds 62,636 45,210
  • For the year ending 31 August 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their 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.

Approved by the Board on 13 December 2016

And signed on their behalf by:
D A Lynch, Director

BIRMINGHAM CABS LTD Registered Number 04511677

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (FRSSE) (effective January 2015).

Turnover policy
The turnover shown in the profit and loss account represents amounts received during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows :

Motor Vehicles 25% reducing balance basis

2Tangible fixed assets
£
Cost
At 1 September 2015 16,000
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 16,000
Depreciation
At 1 September 2015 11,053
Charge for the year 1,237
On disposals -
At 31 August 2016 12,290
Net book values
At 31 August 2016 3,710
At 31 August 2015 4,947