GLR Mini Cabs Limited - Period Ending 2016-10-31

Registration number: 03132588

GLR Mini Cabs Limited

trading as GLR Mini Cabs

Unaudited Abbreviated Accounts

for the Period from 1 December 2015 to 31 October 2016

 

GLR Mini Cabs Limited
trading as GLR Mini Cabs
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

GLR Mini Cabs Limited
trading as GLR Mini Cabs
(Registration number: 03132588)
Abbreviated Balance Sheet at 31 October 2016

		Note			31 October 2016 £			30 November 2015 £
Current assets
Debtors					1,503			4,832
Cash at bank and in hand					1,044			1,299
					2,547			6,131
Creditors: Amounts falling due within one year					(1,331)			(5,114)
Net assets					1,216			1,017
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					1,214			1,015
Shareholders' funds					1,216			1,017

For the year ending 31 October 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 director acknowledges his 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 director on 12 December 2016

.........................................
Mr Patrick Paul Leen
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

GLR Mini Cabs Limited
trading as GLR Mini Cabs
Notes to the Abbreviated Accounts for the Period from 1 December 2015 to 31 October 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures, Fittings & Equipment	20% Straight Line

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

GLR Mini Cabs Limited
trading as GLR Mini Cabs
Notes to the Abbreviated Accounts for the Period from 1 December 2015 to 31 October 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2015		5,836			5,836
At 31 October 2016		5,836			5,836
Depreciation
At 1 December 2015		5,836			5,836
At 31 October 2016		5,836			5,836
Net book value
At 31 October 2016		-			-
At 30 November 2015		-			-

3	Share capital

Allotted, called up and fully paid shares

	31 October 2016						30 November 2015
		No.			£			No.			£
Ordinary Share Capital of £1 each		2			2			2			2

Page 3