REGISTERED NUMBER: 02743899 (England and Wales)

Unaudited Financial Statements For The Year Ended 30th June 2017

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

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

608,063

589,360

608,063

589,360

CURRENT ASSETS

Debtors

6

73,451

96,732

Cash at bank and in hand

407,502

354,038

480,953

450,770

CREDITORS

Amounts falling due within one year

7

255,557

268,071

NET CURRENT ASSETS

225,396

182,699

TOTAL ASSETS LESS CURRENT LIABILITIES

833,459

772,059

CREDITORS

Amounts falling due after more than one year

8

86,649

83,190

NET ASSETS

746,810

688,869

CAPITAL AND RESERVES

Called up share capital

4,003

4,003

Share premium

6,000

6,000

Retained earnings

736,807

678,866

SHAREHOLDERS' FUNDS

746,810

688,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 9th March 2018 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

20% on reducing balance

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.

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 25 (2016 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st July 2016

and 30th June 2017

26,740

AMORTISATION

At 1st July 2016

and 30th June 2017

26,740

NET BOOK VALUE

At 30th June 2017

-

At 30th June 2016

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st July 2016

378,016

909,994

1,288,010

Additions

6,442

293,969

300,411

Disposals

(1,356

)

(179,443

)

(180,799

)

At 30th June 2017

383,102

1,024,520

1,407,622

DEPRECIATION

At 1st July 2016

300,858

397,792

698,650

Charge for year

27,140

184,068

211,208

Eliminated on disposal

-

(110,299

)

(110,299

)

At 30th June 2017

327,998

471,561

799,559

NET BOOK VALUE

At 30th June 2017

55,104

552,959

608,063

At 30th June 2016

77,158

512,202

589,360

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

Motor

vehicles

£

COST

At 1st July 2016

592,771

Additions

289,869

Transfer to ownership

(203,118

)

At 30th June 2017

679,522

DEPRECIATION

At 1st July 2016

182,539

Charge for year

142,490

Transfer to ownership

(72,980

)

At 30th June 2017

252,049

NET BOOK VALUE

At 30th June 2017

427,473

At 30th June 2016

410,232

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/17

30/6/16

£

£

Trade debtors

64,026

62,105

Other debtors

9,425

34,627

73,451

96,732

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/17

30/6/16

£

£

Hire purchase contracts

137,772

106,835

Trade creditors

15,850

40,301

Taxation and social security

94,142

112,746

Other creditors

7,793

8,189

255,557

268,071

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/17

30/6/16

£

£

Hire purchase contracts

86,649

83,190

The following reproduces the text of the report prepared for the directors 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 2017 set out on pages three to eight 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

9th March 2018