J.J. Harris Taxi Repairs (Glw) Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: SC067099 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2017

FOR

J J HARRIS & SON TAXI REPAIRS

(GLW) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I C Harris

E G Harris

R Harris

SECRETARY:

E G Harris

REGISTERED OFFICE:

6th Floor, Gordon Chambers

90 Mitchell Street

Glasgow

G1 3NQ

REGISTERED NUMBER:

SC067099 (Scotland)

ACCOUNTANTS:

Henderson Loggie

Gordon Chambers

90 Mitchell Street

Glasgow

Lanarkshire

G1 3NQ

BANKERS:

The Royal Bank of Scotland plc

158a Fenwick Road

Giffnock

Glasgow

G46 6XB

SOLICITORS:

Brodies LLP

110 Queen Street

Glasgow

G2 1BX

FIXED ASSETS

Investments

3

75,001

75,001

CURRENT ASSETS

Cash in hand

2

2

NET CURRENT ASSETS

2

2

TOTAL ASSETS LESS CURRENT LIABILITIES

75,003

75,003

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

74,899

74,899

SHAREHOLDERS' FUNDS

75,003

75,003

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were authorised for issue and approved by the Board of Directors on 22 January 2018 and were signed on its behalf by:

I C Harris - Director

1.	STATUTORY INFORMATION

J J Harris & Son Taxi Repairs (GLW) Limited is a private company, limited by shares , registered in Scotland.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Investments

Fixed asset investments are stated at cost less any amounts written off for permanent diminution in value.

The company's subsidiary has not been consolidated. Group accounts have not been prepared and these financial

statements present information about the company as an individual undertaking. Group accounts are not required

because of the disclosure exemptions available under Section 399 of the Companies Act 2006 for small groups.

3.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2016

and 30 April 2017

75,001

NET BOOK VALUE

At 30 April 2017

75,001

At 30 April 2016

75,001

4.	ULTIMATE CONTROLLING PARTY

The company and group are under the ultimate control of Ross Harris, a director and shareholder.

5.	FIRST YEAR ADOPTION

The financial statements of JJ Harris Taxi Repairs (Glasgow) Ltd Ltd for the year ended 30 April 2017 are the

first financial statements prepared in accordance with FRS 102, The Financial Reporting Standard applicable in

the UK and Republic of Ireland. The date of transition to FRS 102 was 1 May 2016. The reported financial

position and financial performance for the previous period have been corrected by the transition to FRS 102.