Abbreviated Company Accounts - LONDON LUXURY CHAUFFEURING LTD

LONDON LUXURY CHAUFFEURING LTD - Company Information

Registered Number 08547977

LONDON LUXURY CHAUFFEURING LTD

Abbreviated Accounts

31 March 2016

LONDON LUXURY CHAUFFEURING LTD Registered Number 08547977

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets	2	5,209	-
Tangible assets	3	263,271	385
		268,480	385
Current assets
Debtors		66,778	-
Cash at bank and in hand		1,842	1,497
		68,620	1,497
Creditors: amounts falling due within one year		(197,163)	(4,604)
Net current assets (liabilities)		(128,543)	(3,107)
Total assets less current liabilities		139,937	(2,722)
Creditors: amounts falling due after more than one year		(180,265)	0
Total net assets (liabilities)		(40,328)	(2,722)
Capital and reserves
Called up share capital		1	1
Profit and loss account		(40,329)	(2,723)
Shareholders' funds		(40,328)	(2,722)

For the year ending 31 March 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 16 December 2016

And signed on their behalf by:
MR B LABADZE, Director

LONDON LUXURY CHAUFFEURING LTD Registered Number 08547977

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

1Accounting Policies

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

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant & Machinery - 25% reducing balance
Motor Vehicles - 20% reducing balance

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset less its estimated residual value
over its useful economic life as follows.

Website development 20% on cost

2Intangible fixed assets

	£
Cost
At 1 April 2015	-
Additions	6,511
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	6,511
Amortisation
At 1 April 2015	-
Charge for the year	1,302
On disposals	-
At 31 March 2016	1,302
Net book values
At 31 March 2016	5,209
At 31 March 2015	-

3Tangible fixed assets

	£
Cost
At 1 April 2015	649
Additions	328,727
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	329,376
Depreciation
At 1 April 2015	264
Charge for the year	65,841
On disposals	-
At 31 March 2016	66,105
Net book values
At 31 March 2016	263,271
At 31 March 2015	385