Argent Chauffeur Services Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04461790 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31 July 2016

for

Argent Chauffeur Services Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G P Argent

REGISTERED OFFICE:

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

REGISTERED NUMBER:

04461790 (England and Wales)

ACCOUNTANTS:

Willsons

Chartered Accountants

Carlton House

High Street

Higham Ferrers

Northamptonshire

NN10 8BW

FIXED ASSETS

Intangible assets

2

-

Tangible assets

3

22,207

29,439

22,207

29,439

CURRENT ASSETS

Debtors

7,778

2,961

Cash at bank

10,953

18,387

18,731

21,348

CREDITORS

Amounts falling due within one year

4

18,026

39,300

NET CURRENT ASSETS/(LIABILITIES)

705

(17,952

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

22,912

11,487

CREDITORS

Amounts falling due after more than one
year

4

22,909

11,022

NET ASSETS

3

465

CAPITAL AND RESERVES

Called up share capital

5

2

Profit and loss account

1

463

SHAREHOLDERS' FUNDS

3

465

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 April 2017 and were signed by:

G P Argent - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents the total invoice value, including value added tax, of fees made during the period. The VAT

due under the flat rate scheme is shown separately in the profit and loss account.

Goodwill

Goodwill, being the amount paid in connection the the acquisition of a business in 2002, has been fully amortised

over its estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Fixtures and fittings

-

15% / 30% on reducing balance

Motor vehicles

-

25% on reducing balance

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

and 31 July 2016

6,250

AMORTISATION

At 1 August 2015

and 31 July 2016

6,250

NET BOOK VALUE

At 31 July 2016

-

At 31 July 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 August 2015

35,100

Additions

120

At 31 July 2016

35,220

DEPRECIATION

At 1 August 2015

5,661

Charge for year

7,352

At 31 July 2016

13,013

NET BOOK VALUE

At 31 July 2016

22,207

At 31 July 2015

29,439

4.

CREDITORS

Creditors include an amount of £ 11,022 (31.7.15 - £ 17,635 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.16

31.7.15

value:

£

2

Ordinary

£1

2