Northumberland Taxis Ltd,Ltd - AccountsLtd - Accounts

Northumberland Taxis Ltd,Ltd - AccountsLtd - Accounts

NORTHUMBERLAND TAXIS LIMITED - Company Information

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2017-04-01 SC320423 2018-03-31 SC320423 2017-04-01 2018-03-31 SC320423 2017-03-31 SC320423 2016-04-01 2017-03-31 SC320423 uk-core:WithinOneYear 2017-03-31 SC320423 uk-core:WithinOneYear 2018-03-31 SC320423 uk-core:AfterOneYear 2017-03-31 SC320423 uk-core:AfterOneYear 2018-03-31 SC320423 uk-core:ShareCapital 2018-03-31 SC320423 uk-core:ShareCapital 2017-03-31 SC320423 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 SC320423 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 SC320423 uk-bus:Director1 2017-04-01 2018-03-31 SC320423 uk-core:CommercialMotorVehicles 2017-04-01 2018-03-31 iso4217:GBP SC320423 uk-bus:AuditExemptWithAccountantsReport 2017-04-01 2018-03-31 SC320423 uk-bus:FRS102 2017-04-01 2018-03-31 SC320423 uk-bus:FullAccounts 2017-04-01 2018-03-31 SC320423 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31
Northumberland Taxis Ltd
Registered Number:SC320423
For the year ended 31 March 2018
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2018
Northumberland Taxis Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 31 March 2018
Northumberland Taxis Ltd
Statement of Financial Position
Registered Number :
SC320423
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
19,454
24,317
2
19,454
24,317
Current assets
Trade and other receivables
1,008
676
3
1,834
Cash and cash equivalents
776
1,452
2,842
Trade and other payables: amounts falling due within one
year
(4,773)
(3,088)
4
(1,931)
(1,636)
Net current liabilities
Total assets less current liabilities
17,818
22,386
Trade and other payables: amounts falling due after more
than one year
(17,952)
(10,523)
5
7,295
Net assets
4,434
Capital and reserves
Called up share capital
2
2
Retained earnings
7,293
4,432
7,295
4,434
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Leslie McVay Director
These financial statements were approved and authorised for issue by the Board on 07 December 2018 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2018
Northumberland Taxis Ltd
Notes to the Financial Statements
Statutory Information
Northumberland Taxis Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC320423.
Registered address:
Flat 11
35 Western Harbour Midway
Edinburgh
EH6 6LG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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:
20% Reducing balance
Motor vehicles
2. Property, plant and equipment
Motor vehicles
£
Cost or
valuation
At 01 April 2017
37,995
At 31 March 2018
37,995
Provision for depreciation and impairment
At 01 April 2017
13,678
Charge for year
4,863
At 31 March 2018
18,541
At 31 March 2018
Net book value
19,454
At 31 March 2017
24,317
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5
For the year ended 31 March 2018
Northumberland Taxis Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2017
2018
£
£
Trade debtors
676
919
Other debtors
-
89
1,008
676
4. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
510
510
Taxation and social security
1,906
3,176
Other creditors
672
1,087
3,088
4,773
5. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
10,523
17,952
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