Bath Taxis Limited - Period Ending 2018-03-31
Bath Taxis Limited - Period Ending 2018-03-31
Registration number:
Bath Taxis Limited
for the Year Ended 31 March 2018
Regus House
Windmill Hill Park
Swindon
Wiltshire
SN5 6QR
Bath Taxis Limited
Contents
Company Information |
|
Balance Sheet |
|
Notes to the Financial Statements |
Bath Taxis Limited
Company Information
Director |
Ms A Ridings |
Registered office |
|
Accountants |
|
Page 1 |
Bath Taxis Limited
(Registration number: 5431537)
Balance Sheet as at 31 March 2018
Note |
2018 |
2017 |
|
Fixed assets |
|||
Intangible assets |
- |
|
|
Tangible assets |
|
|
|
Investments |
|
|
|
|
|
||
Current assets |
|||
Stocks |
|
- |
|
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets/(liabilities) |
|
( |
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
- |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Share premium reserve |
|
|
|
Profit and loss account |
|
|
|
Total equity |
|
|
For the financial year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
|
• |
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Page 2 |
Bath Taxis Limited
(Registration number: 5431537)
Balance Sheet as at 31 March 2018
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Director
Page 3 |
Bath Taxis Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Accounting policies |
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
15% reducing balance method |
Furniture and fittings |
15% reducing balance method |
Office equipment |
15% reducing balance method |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Goodwill |
10% straight line method |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Page 4 |
Bath Taxis Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Profit/loss before tax |
Arrived at after charging/(crediting)
2018 |
2017 |
|
Depreciation expense |
|
|
Amortisation expense |
|
|
Page 5 |
Bath Taxis Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Intangible assets |
Goodwill |
Total |
|
Cost or valuation |
||
At 1 April 2017 |
|
|
Disposals |
( |
( |
At 31 March 2018 |
- |
- |
Amortisation |
||
At 1 April 2017 |
|
|
Amortisation charge |
|
|
Amortisation eliminated on disposals |
( |
( |
At 31 March 2018 |
- |
- |
Carrying amount |
||
At 31 March 2018 |
- |
- |
At 31 March 2017 |
|
|
The aggregate amount of research and development expenditure recognised as an expense during the period is £Nil (2017 - £Nil).
Page 6 |
Bath Taxis Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
|
Cost or valuation |
||||
At 1 April 2017 |
|
- |
|
|
Additions |
- |
|
- |
|
Disposals |
( |
( |
( |
( |
At 31 March 2018 |
- |
|
- |
|
Depreciation |
||||
At 1 April 2017 |
|
- |
|
|
Charge for the year |
|
|
|
|
Eliminated on disposal |
( |
- |
( |
( |
At 31 March 2018 |
- |
|
- |
|
Carrying amount |
||||
At 31 March 2018 |
- |
|
- |
|
At 31 March 2017 |
|
- |
|
|
Investments |
2018 |
2017 |
|
Investments in subsidiaries |
|
|
Subsidiaries |
£ |
Cost or valuation |
|
At 1 April 2017 |
|
Revaluation |
|
Additions |
|
At 31 March 2018 |
|
Provision |
|
Carrying amount |
|
At 31 March 2018 |
|
At 31 March 2017 |
|
Page 7 |
Bath Taxis Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Stocks |
2018 |
2017 |
|
Other inventories |
|
- |
Debtors |
Note |
2018 |
2017 |
|
Trade debtors |
|
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
- |
|
Prepayments |
- |
|
|
|
|
Page 8 |
Bath Taxis Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
Creditors |
Creditors: amounts falling due within one year
Note |
2018 |
2017 |
|
Due within one year |
|||
Bank loans and overdrafts |
|
|
|
Trade creditors |
|
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
- |
|
|
Taxation and social security |
|
|
|
Accruals and deferred income |
|
|
|
Other creditors |
|
|
|
|
|
Creditors: amounts falling due after more than one year
Note |
2018 |
2017 |
|
Due after one year |
|||
Loans and borrowings |
|
|
Loans and borrowings |
2018 |
2017 |
|
Non-current loans and borrowings |
||
Finance lease liabilities |
|
- |
Other borrowings |
|
|
|
|
2018 |
2017 |
|
Current loans and borrowings |
||
Finance lease liabilities |
|
|
Other borrowings |
|
|
|
|
Page 9 |
Bath Taxis Limited
Notes to the Financial Statements for the Year Ended 31 March 2018
11 P&L Account - General Administrative Expenses
By Deed of Adherence dated 18th April 2017 the Company adhered to the WUT No 1 Ltd Remuneration Trust.
During the accounting period the Company contributed £7,300,000.
Page 10 |