Abbreviated Company Accounts - CITY TAXIS (SUNDERLAND) LIMITED

Abbreviated Company Accounts - CITY TAXIS (SUNDERLAND) LIMITED

NEARBY CITY TAXIS (SUNDERLAND) LIMITED - Company Information

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Registered Number 05806050

CITY TAXIS (SUNDERLAND) LIMITED

Abbreviated Accounts

31 May 2016

CITY TAXIS (SUNDERLAND) LIMITED Registered Number 05806050

Abbreviated Balance Sheet as at 31 May 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 22,787 155,309
Tangible assets 3 112,301 87,493
135,088 242,802
Current assets
Debtors 201,630 162,273
Cash at bank and in hand 47,160 10,816
248,790 173,089
Creditors: amounts falling due within one year (274,909) (295,152)
Net current assets (liabilities) (26,119) (122,063)
Total assets less current liabilities 108,969 120,739
Creditors: amounts falling due after more than one year (20,242) (5,650)
Provisions for liabilities (18,469) (14,581)
Total net assets (liabilities) 70,258 100,508
Capital and reserves
Called up share capital 100 100
Profit and loss account 70,158 100,408
Shareholders' funds 70,258 100,508
  • For the year ending 31 May 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 31 May 2016

And signed on their behalf by:
Mr D Stephenson, Director
Mr E Middlewood, Director

CITY TAXIS (SUNDERLAND) LIMITED Registered Number 05806050

Notes to the Abbreviated Accounts for the period ended 31 May 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 April 2008.

2Intangible fixed assets
£
Cost
At 1 June 2015 987,729
Additions -
Disposals -
Revaluations -
Transfers -
At 31 May 2016 987,729
Amortisation
At 1 June 2015 832,420
Charge for the year 132,522
On disposals -
At 31 May 2016 964,942
Net book values
At 31 May 2016 22,787
At 31 May 2015 155,309
3Tangible fixed assets
£
Cost
At 1 June 2015 164,629
Additions 65,296
Disposals (24,574)
Revaluations -
Transfers -
At 31 May 2016 205,351
Depreciation
At 1 June 2015 77,136
Charge for the year 25,541
On disposals (9,627)
At 31 May 2016 93,050
Net book values
At 31 May 2016 112,301
At 31 May 2015 87,493