Abbreviated Company Accounts - NORTHUMBERLAND TAXIS LIMITED

Abbreviated Company Accounts - NORTHUMBERLAND TAXIS LIMITED

NORTHUMBERLAND TAXIS LIMITED - Company Information

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Registered Number SC320423

NORTHUMBERLAND TAXIS LIMITED

Abbreviated Accounts

31 March 2014

NORTHUMBERLAND TAXIS LIMITED Registered Number SC320423

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 21,757 27,196
21,757 27,196
Current assets
Debtors 410 516
Cash at bank and in hand 182 2,725
592 3,241
Creditors: amounts falling due within one year (4,381) (15,821)
Net current assets (liabilities) (3,789) (12,580)
Total assets less current liabilities 17,968 14,616
Creditors: amounts falling due after more than one year (2,366) (9,466)
Total net assets (liabilities) 15,602 5,150
Capital and reserves
Called up share capital 2 2
Profit and loss account 15,600 5,148
Shareholders' funds 15,602 5,150
  • For the year ending 31 March 2014 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 directors acknowledge their 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 Board on 4 December 2014

And signed on their behalf by:
Leslie McVay, Director

NORTHUMBERLAND TAXIS LIMITED Registered Number SC320423

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises of the invoiced value of the goods and services supplied by the company net of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles – 20% Reducing Balance

2Tangible fixed assets
£
Cost
At 1 April 2013 33,995
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2014 33,995
Depreciation
At 1 April 2013 6,799
Charge for the year 5,439
On disposals -
At 31 March 2014 12,238
Net book values
At 31 March 2014 21,757
At 31 March 2013 27,196