Chilwell and Beeston Taxis Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02982598 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

Chilwell and Beeston Taxis Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J McFaul

SECRETARY:

M McFaul

REGISTERED OFFICE:

3 Bowden Drive

Boulevard Industrial Park

Beeston

Nottingham

NG9 2JY

REGISTERED NUMBER:

02982598 (England and Wales)

FIXED ASSETS

Tangible assets

2

437

1,198

CURRENT ASSETS

Debtors

63,369

54,492

Cash at bank and in hand

2,281

4,059

65,650

58,551

CREDITORS

Amounts falling due within one year

41,445

41,236

NET CURRENT ASSETS

24,205

17,315

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,642

18,513

CAPITAL AND RESERVES

Called up share capital

3

25,100

Profit and loss account

(458

)

(6,587

)

SHAREHOLDERS' FUNDS

24,642

18,513

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 29 June 2017 and were signed by:

J McFaul - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the director considers appropriate having regard to the

company's current and expected performance.

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 is stated net of VAT and trade discounts. Turnover from the supply of services represents

the value of services provided under contracts, to the extent that there is a right to consideration,

is recorded at the value of the consideration due. Where a contract has only been partially

completed at the balance sheet date turnover represents the value of the service provided to date

based on a proportion of the total contract value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Fixtures and fittings

-

20% on cost and 15% on cost

Computer equipment

-

33.33% on cost

Hire purchase and leasing commitments

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

basis over the period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2015

34,655

Additions

659

Disposals

(24,994

)

At 30 November 2016

10,320

DEPRECIATION

At 1 December 2015

33,457

Charge for year

1,420

Eliminated on disposal

(24,994

)

At 30 November 2016

9,883

NET BOOK VALUE

At 30 November 2016

437

At 30 November 2015

1,198

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

25,100

Ordinary

£1

25,100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2016

and 30 November 2015:

2016

2015

£

J McFaul

Balance outstanding at start of year

(410

)

(4

)

Amounts advanced

16,586

11,157

Amounts repaid

-

(11,563

)

Balance outstanding at end of year

16,176

(410

)

The advances were all unsecured and repayable on demand, interest was charged at the HMRC

approved rate.