CITY_TRANSPORT_(NEWCASTLE - Accounts

CITY TRANSPORT (NEWCASTLE) LIMITED - Company Information

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Company Registration No. 02978219 (England and Wales)

CITY TRANSPORT (NEWCASTLE) LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

CITY TRANSPORT (NEWCASTLE) LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

CITY TRANSPORT (NEWCASTLE) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 OCTOBER 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

20,625

11,625

Current assets

Debtors

6,590

5,800

Cash at bank and in hand

96,561

112,675

103,151

118,475

Creditors: amounts falling due within one year

(48,231)

(50,802)

Net current assets

54,920

67,673

Total assets less current liabilities

75,545

79,298

Capital and reserves

Called up share capital

Profit and loss account

75,543

79,296

Shareholders' funds

75,545

79,298

For the financial year ended 31 October 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 5 May 2017

P Hind

Director

Company Registration No. 02978219

CITY TRANSPORT (NEWCASTLE) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The company has cash resources and no requirement for external funding.

The directors have a reasonable expectation that the company has adequate cash resources to continue in operational existence for the foreseeable future. Consequently, they consider the going concern basis of accounting is appropriate in preparing the financial statements.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for services net of trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Motor vehicles

25% straight line

Fixed assets

Tangible assets

Cost

At 1 November 2015

45,190

Additions

18,000

At 31 October 2016

63,190

Depreciation

At 1 November 2015

33,565

Charge for the year

9,000

At 31 October 2016

42,565

Net book value

At 31 October 2016

20,625

At 31 October 2015

11,625

CITY TRANSPORT (NEWCASTLE) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 OCTOBER 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

2 Ordinary shares of £1 each