Abbreviated Company Accounts - ABC CHAUFFEUR SERVICES LIMITED

ABC CHAUFFEUR SERVICES LIMITED Registered Number 05134493

Abbreviated Balance Sheet as at 30 November 2016

	Notes	30/11/2016	31/05/2015
		£	£
Fixed assets
Tangible assets	2	24,287	30,135
		24,287	30,135
Current assets
Debtors		39,012	40,875
		39,012	40,875
Creditors: amounts falling due within one year		(44,752)	(45,009)
Net current assets (liabilities)		(5,740)	(4,134)
Total assets less current liabilities		18,547	26,001
Creditors: amounts falling due after more than one year		(18,462)	(25,880)
Total net assets (liabilities)		85	121
Capital and reserves
Called up share capital		1	1
Profit and loss account		84	120
Shareholders' funds		85	121

For the year ending 30 November 2016 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.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 18 April 2017

And signed on their behalf by:
Raymond Rawlings, Director

ABC CHAUFFEUR SERVICES LIMITED Registered Number 05134493

Notes to the Abbreviated Accounts for the period ended 30 November 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts are prepared under the historical cost convention and in accordance with the Financial
Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Plant and machinery - 25% straight line

Other accounting policies
Leasing and hire purchase commitments
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

2Tangible fixed assets

	£
Cost
At 1 June 2015	104,198
Additions	14,097
Disposals	-
Revaluations	-
Transfers	-
At 30 November 2016	118,295
Depreciation
At 1 June 2015	74,063
Charge for the year	19,945
On disposals	-
At 30 November 2016	94,008
Net book values
At 30 November 2016	24,287
At 31 May 2015	30,135

3Transactions with directors

Name of director receiving advance or credit:	Raymond Rawlings
Description of the transaction:	Advances to director
Balance at 1 June 2015:	£ 14,183
Advances or credits made:	-
Advances or credits repaid:	£ 1,543
Balance at 30 November 2016:	£ 12,640