Taskers UK Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 01947775 (England and Wales)

TASKERS UK LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2016

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Tangible assets

2

47,026

72,064

CURRENT ASSETS

Stocks

142,015

149,718

Debtors

120,299

179,348

Cash at bank and in hand

1,855

13,566

264,169

342,632

CREDITORS

Amounts falling due within one
year

3

(205,470

)

(253,988

)

NET CURRENT ASSETS

58,699

88,644

TOTAL ASSETS LESS
CURRENT LIABILITIES

105,725

160,708

CREDITORS

Amounts falling due after more
than one year

3

(16,064

)

(36,577

)

PROVISIONS FOR LIABILITIES

(2,786

)

(3,604

)

NET ASSETS

86,875

120,527

CAPITAL AND RESERVES

Called up share capital

4

50,000

Other reserves

1,313

Profit and loss account

35,562

69,214

SHAREHOLDERS' FUNDS

86,875

120,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 12th June 2017 and
were signed on its behalf by:

M J Crawford - 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 net invoiced sales of goods, excluding value added tax.

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.

Short leasehold

-

Staight line over the life of the lease

Plant and machinery

-

Straight line over 7 years

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due

allowance for obsolete and slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

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.

Rentals paid under operating leases are charged to the profit and loss account on a

straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable

to the company's pension scheme are charged to the profit and loss account in the

period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st October 2015

308,993

Additions

572

At 30th September 2016

309,565

DEPRECIATION

At 1st October 2015

236,929

Charge for year

25,610

At 30th September 2016

262,539

NET BOOK VALUE

At 30th September 2016

47,026

At 30th September 2015

72,064

3.

CREDITORS

Creditors include an amount of £ 48,728 (2015 - £ 61,792 ) for which security has

been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

50,000

Ordinary shares

£1

50,000

5.	CONTROLLING INTEREST

The company was under the control of by Mr. M. Crawford throughout the current

and preceding year. Mr. M. Crawford is the managing director and majority

shareholder.