REGISTERED NUMBER: 02743899 (England and Wales)

Unaudited Financial Statements For The Year Ended 30th June 2016

for

A.B.C. Taxis Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

S C Callender

P J Walker

SECRETARY:

D E Hall

REGISTERED OFFICE:

c/o Aston Shaw

The Union Bulding

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

BUSINESS ADDRESS:

Unit 1,

1 Paddock Street,

Norwich,

NORFOLK.

NR1 4TW

REGISTERED NUMBER:

02743899 (England and Wales)

ACCOUNTANTS:

Aston Shaw Ltd

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

589,360

506,025

589,360

506,025

CURRENT ASSETS

Debtors

6

96,732

171,131

Cash at bank and in hand

354,038

328,094

450,770

499,225

CREDITORS

Amounts falling due within one year

7

268,071

334,465

NET CURRENT ASSETS

182,699

164,760

TOTAL ASSETS LESS CURRENT LIABILITIES

772,059

670,785

CREDITORS

Amounts falling due after more than one year

8

83,190

42,188

NET ASSETS

688,869

628,597

CAPITAL AND RESERVES

Called up share capital

4,003

4,003

Share premium

6,000

6,000

Retained earnings

678,866

618,594

SHAREHOLDERS' FUNDS

688,869

628,597

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 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 27th March 2017 and were signed on its behalf by:

S C Callender - Director

1.	STATUTORY INFORMATION

A.B.C. Taxis Limited is a private company, limited by shares , registered in England and Wales. 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 represents fees received (net of VAT) for providing an agency for taxi and ancillary

services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1994, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed

at the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance

sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

Those held under finance leases are depreciated over their estimated useful lives or the lease

term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st July 2015

and 30th June 2016

26,740

AMORTISATION

At 1st July 2015

and 30th June 2016

26,740

NET BOOK VALUE

At 30th June 2016

-

At 30th June 2015

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st July 2015

346,861

742,586

1,089,447

Additions

31,155

368,153

399,308

Disposals

-

(200,745

)

(200,745

)

At 30th June 2016

378,016

909,994

1,288,010

DEPRECIATION

At 1st July 2015

262,854

320,568

583,422

Charge for year

38,004

170,485

208,489

Eliminated on disposal

-

(93,261

)

(93,261

)

At 30th June 2016

300,858

397,792

698,650

NET BOOK VALUE

At 30th June 2016

77,158

512,202

589,360

At 30th June 2015

84,007

422,018

506,025

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st July 2015

342,651

Additions

367,402

Transfer to ownership

(117,282

)

At 30th June 2016

592,771

DEPRECIATION

At 1st July 2015

109,480

Charge for year

126,194

Transfer to ownership

(53,135

)

At 30th June 2016

182,539

NET BOOK VALUE

At 30th June 2016

410,232

At 30th June 2015

233,171

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/16

30/6/15

£

£

Trade debtors

62,105

30,938

Other debtors

34,627

140,193

96,732

171,131

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/16

30/6/15

£

£

Hire purchase contracts

106,835

80,417

Trade creditors

40,301

147,318

Taxation and social security

112,746

100,313

Other creditors

8,189

6,417

268,071

334,465

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/16

30/6/15

£

£

Hire purchase contracts

83,190

42,188

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £63,963 (2015 - £54,487) were paid to the directors .

The following reproduces the text of the report prepared for the directors and members in

respect of the company's annual unaudited financial statements. In accordance with the

Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report of

the Directors are not required to be filed with the Registrar of Companies.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30th June 2016 set out on pages to and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Aston Shaw Ltd

The Union Building

51-59 Rose Lane

Norwich

Norfolk

NR1 1BY

27th March 2017