Abbey Taxis (Crewe) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05593176

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2017

FOR

ABBEY TAXIS (CREWE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Long

M J Clowes

SECRETARY:

D Long

REGISTERED OFFICE:

9 Hightown

Crewe

Cheshire

CW2 7DA

REGISTERED NUMBER:

05593176

ACCOUNTANTS:

Accountancy Services (Cheshire) Limited

205a Nantwich Road

Crewe

Cheshire

CW2 6DD

FIXED ASSETS

Tangible assets

4

22,658

22,483

CURRENT ASSETS

Debtors

5

48,605

52,506

Cash at bank and in hand

35,689

40,387

84,294

92,893

CREDITORS

Amounts falling due within one year

6

73,632

81,692

NET CURRENT ASSETS

10,662

11,201

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,320

33,684

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

33,318

33,682

SHAREHOLDERS' FUNDS

33,320

33,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 approved by the Board of Directors on 21 December 2017 and were
signed on its behalf by:

D Long - Director

1.	STATUTORY INFORMATION

Abbey Taxis (Crewe) Limited is a private company, limited by shares , registered in Not

specified/Other. 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Motor

property

fittings

vehicles

Totals

£

COST

At 1 June 2016

20,050

2,443

4,171

26,664

Additions

-

1,667

Disposals

-

(1,250

)

(1,250

)

At 31 May 2017

20,050

2,443

4,588

27,081

DEPRECIATION

At 1 June 2016

-

1,797

2,384

4,181

Charge for year

-

117

418

535

Eliminated on disposal

-

(293

)

(293

)

At 31 May 2017

-

1,914

2,509

4,423

NET BOOK VALUE

At 31 May 2017

20,050

529

2,079

22,658

At 31 May 2016

20,050

646

1,787

22,483

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade debtors

48,605

52,506

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Trade creditors

53,459

54,647

Tax

2,600

3,371

VAT

8,112

10,672

Directors' current accounts

7,780

8,970

Accrued expenses

1,681

4,032

73,632

81,692