REGISTERED NUMBER: 06577881 (England and Wales)

ABC Taxis (Stevenage) Limited

Abbreviated Unaudited Accounts For The Year Ended 30 April 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr P Barrett

Mr J Quinn

REGISTERED OFFICE:

Building 15, Gateway 1000

Arlington Business Park

Stevenage

Hertfordshire

SG1 2FP

REGISTERED NUMBER:

06577881 (England and Wales)

ACCOUNTANTS:

Streets ISA Limited

Building 15, Gateway 1000

Arlington Business Park

Stevenage

Hertfordshire

SG1 2FP

FIXED ASSETS

Tangible assets

2

26,618

35,782

CURRENT ASSETS

Debtors

27,414

20,757

Cash at bank and in hand

31,299

7,956

58,713

28,713

CREDITORS

Amounts falling due within one year

(33,846

)

(30,788

)

NET CURRENT ASSETS/(LIABILITIES)

24,867

(2,075

)

TOTAL ASSETS LESS CURRENT LIABILITIES

51,485

33,707

CREDITORS

Amounts falling due after more than one year

(6,342

)

(11,061

)

PROVISIONS FOR LIABILITIES

(2,513

)

(3,779

)

NET ASSETS

42,630

18,867

CAPITAL AND RESERVES

Called up share capital

3

66

66

Capital redemption reserve

36

36

Profit and loss account

42,528

18,765

SHAREHOLDERS' FUNDS

42,630

18,867

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 15 August 2016 and were signed on its behalf by:

Mr J Quinn - Director

Mr P T Barrett - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

In respect of long-term contracts and contracts for ongoing service, turnover represents the value of work done in

the year, including estimates of amounts invoiced. Turnover in respect of long-term contracts and contracts for

ongoing services is recognised by reference to the stage of completion.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of the excess taxation allowances over depreciation on fixed assets.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in

which timing difference reverse, based on the tax rates and laws enacted or substantively enacted 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 the profit and loss account over the relevant period. The

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

and 30 April 2016

71,596

DEPRECIATION

At 1 May 2015

35,814

Charge for year

9,164

At 30 April 2016

44,978

NET BOOK VALUE

At 30 April 2016

26,618

At 30 April 2015

35,782

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

66

Ordinary

£1

66

66