STATION TAXIS (SUNDERLAND) LIMITED

STATION TAXIS (SUNDERLAND) LIMITED

STATION TAXIS (SUNDERLAND) LIMITED - Company Information

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STATION TAXIS (SUNDERLAND) LIMITED

Company Registration Number:
01958500 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

STATION TAXIS (SUNDERLAND) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

STATION TAXIS (SUNDERLAND) LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Intangible assets: 3 44,525 44,525
Tangible assets: 4 607,364 634,589
Total fixed assets: 651,889 679,114
Current assets
Debtors: 5 173,702 127,021
Cash at bank and in hand: 460,463 425,203
Total current assets: 634,165 552,224
Creditors: amounts falling due within one year: 6 (264,514) (223,997)
Net current assets (liabilities): 369,651 328,227
Total assets less current liabilities: 1,021,540 1,007,341
Total net assets (liabilities): 1,021,540 1,007,341
Capital and reserves
Called up share capital: 416,925 416,925
Share premium account: 102,000 102,000
Profit and loss account: 502,615 488,416
Shareholders funds: 1,021,540 1,007,341

The notes form part of these financial statements

STATION TAXIS (SUNDERLAND) LIMITED

Balance sheet statements

For the year ending 31 March 2018 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 July 2018
and signed on behalf of the board by:

Name: T HINES
Status: Director

The notes form part of these financial statements

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measures at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates or other similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life:Office equipment and fittings - 15% reducing balanceNo depreciation is provided on freehold land.

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Leased assets - Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability, The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.Pension costs - Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 32 33

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Intangible Assets

Total
Cost £
At 01 April 2017 44,525
At 31 March 2018 44,525
Amortisation
At 01 April 2017 0
At 31 March 2018 0
Net book value
At 31 March 2018 44,525
At 31 March 2017 44,525

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Tangible Assets

Total
Cost £
At 01 April 2017 1,302,209
Additions 7,085
At 31 March 2018 1,309,294
Depreciation
At 01 April 2017 667,620
Charge for year 34,310
At 31 March 2018 701,930
Net book value
At 31 March 2018 607,364
At 31 March 2017 634,589

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Debtors

2018 2017
££
Debtors due after more than one year: 0 0

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

6. Creditors: amounts falling due within one year note

Corporation tax - 20,196Other taxation and social security - 52,098Other - 135,832Accruals and deferred income - 56,388