A M Taxi Welling Limited - Full Accounts
A M Taxi Welling Limited - Full Accounts
for the year ended 30th April 2016
CONTENTS
for the year ended 30th April 2016
The Accounts are comprised of the following:
Statement of Financial Position
Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.
Company No.
STATEMENT OF FINANCIAL POSITION
as at 30th April 2016
| 2015 | ||||||
| Note | £ | £ | £ | |||
| FIXED ASSETS | ||||||
| Property, plant and equipment | 4 | |||||
| CURRENT ASSETS | ||||||
| Cash at bank and in hand | ||||||
| CURRENT LIABILITIES | ||||||
| Creditors: amounts falling due | ||||||
| within one year | 5 | |||||
| NET CURRENT LIABILITIES | ( | ( | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||
| Creditors: amounts falling due | ||||||
| after more than one year | - | - | ||||
| NET ASSETS | ||||||
| CAPITAL AND RESERVES | ||||||
| Called up share capital | ||||||
| Retained earnings | ||||||
| SHAREHOLDERS FUNDS | ||||||
Approved by the Board on
Director
Company Number
NOTES TO THE ACCOUNTS
for the year ended 30th April 2016
1 Statutory information
These financial statements are presented in Sterling, which is the functional currency of the company.
2 Accounting policies
Basis of preparation of financial statements
Depreciation
Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Plant, machinery and vehicles |
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.
The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
3 Employee information
The average number of employees during the accounting period was
| 4 Property, plant and equipment | |||||||||||
| Motor | |||||||||||
| Vehicles | Total | ||||||||||
| £ | £ | ||||||||||
| Cost | |||||||||||
| At 1st May 2015 and | |||||||||||
| At 30th April 2016 | |||||||||||
| Depreciation | |||||||||||
| At 1st May 2015 | |||||||||||
| Charge for year | |||||||||||
| At 30th April 2016 | |||||||||||
| Net Book Value | |||||||||||
| At 30th April 2016 | |||||||||||
| At 30th April 2015 | |||||||||||
| Net book value of assets included above held | |||||||||||
| under finance leases and hire purchase contracts | |||||||||||
| At 30th April 2016 | 20022 | 20022 | |||||||||
| At 30th April 2015 | 24017 | 24017 | |||||||||
| 5 Creditors: amounts falling due within one year | 2016 | 2015 | |
| £ | £ | ||
| Obligations under finance lease and hire purchase contracts | |||
| Other creditors | |||
6 Transactions with Directors
There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".
| 2016 | 2015 | ||
| £ | £ | ||
| 12482 | 15583 | ||