REGISTERED NUMBER: 04758402 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2017

FOR

ACACIA TAXIS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S M Thompson

Mr R S Thompson

SECRETARY:

Mr R S Thompson

REGISTERED OFFICE:

South View

Ocean Road

Barrow In Furness

Cumbria

LA14 3HN

BUSINESS ADDRESS:

54 Crellin Street

Barrow in Furness

Cumbria

LA14 1DS

REGISTERED NUMBER:

04758402 (England and Wales)

BANKERS:

National Westminster Bank plc

113 Dalton Road

Barrow-in-Furness

Cumbria

LA14 1WY

FIXED ASSETS

Intangible assets

4

27,742

30,439

Tangible assets

5

171,325

183,808

199,067

214,247

CURRENT ASSETS

Debtors

26,265

32,046

Prepayments and accrued income

2,431

8,026

Cash in hand

7,400

2,000

36,096

42,072

CREDITORS

Amounts falling due within one year

149,698

139,897

NET CURRENT LIABILITIES

(113,602

)

(97,825

)

TOTAL ASSETS LESS CURRENT LIABILITIES

85,465

116,422

CREDITORS

Amounts falling due after more than one year

96,359

129,709

NET LIABILITIES

(10,894

)

(13,287

)

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

(10,994

)

(13,387

)

SHAREHOLDERS' FUNDS

(10,894

)

(13,287

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Profit and Loss Account and an abridged Balance Sheet for the year ended 30 September 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 26 June 2018 and were signed on its behalf by:

Mr R S Thompson - Director

1.	STATUTORY INFORMATION

Acacia 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on the going concern basis the directors having agreed to continue

to support the company.

Turnover

Turnover represents net invoiced sales of services, excluding VAT.

Goodwill and other intangible assets

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, has been amortised

even over its estimated useful life of 10 years.

Patents and licences are being amortised evenly over their estimated useful lives of 10 years.

All intangible assets are measured initially 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.

Freehold property

-

not provided

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on cost and 20% on cost

Computer equipment

-

25% on cost

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2016

105,188

Additions

750

At 30 September 2017

105,938

AMORTISATION

At 1 October 2016

74,749

Amortisation for year

3,447

At 30 September 2017

78,196

NET BOOK VALUE

At 30 September 2017

27,742

At 30 September 2016

30,439

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2016

571,843

Additions

30,392

Disposals

(26,345

)

At 30 September 2017

575,890

DEPRECIATION

At 1 October 2016

388,035

Charge for year

35,736

Eliminated on disposal

(19,206

)

At 30 September 2017

404,565

NET BOOK VALUE

At 30 September 2017

171,325

At 30 September 2016

183,808

Freehold property has not been depreciated which is a departure from Financial Reporting Standard 102 and

from the Companies Act 2006. Depreciation if provided would not have been of a material nature. The directors

consider that this policy results in the financial statements showing a true and fair view.

The net book value of tangible fixed assets includes £60,055 (2016: £ 83,131) in respect of assets held under hire

purchase agreements. The amount of depreciation in respect of such assets amounted to

£20.543 (2016 : £24,562) for the financial year.

6.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.17

30.9.16

as restated

£

£

Bank overdrafts

29,856

29,829

Bank loans

88,425

104,011

Hire purchase contracts

47,756

66,743

166,037

200,583

Natwest Bank Plc have a fixed and floating charge over all the property or undertaking of the company, securing

all liabilities to the bank at present and in future.

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.17

30.9.16

value:

as restated

£

£

100

Ordinary

£1

100

100

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2017 and

30 September 2016:

30.9.17

30.9.16

as restated

£

£

Mr R S Thompson

Balance outstanding at start of year

-

-

Amounts advanced

2,525

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,525

-

Mrs S M Thompson

Balance outstanding at start of year

-

-

Amounts advanced

2,525

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

2,525

-

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr R S and Mrs S M Thompson.

10.	FIRST YEAR ADOPTION

Financial Reporting Standard 102 adopted from 1st October 2016, resulted in increased amoritsation of goodwill

brought forward as at 1st October 2015, of an additional £17,500, and the removal of the goodwill amortisation

charge in the accounts to 30th September 2016 of £4,000, overall the profit and loss balance brought forward

reduced by £13,500 as a result of adjustments made, which were due to the goodwill amortisation being

accelerated. No other effect on the financial results is reported in respect of prior years and no further

adjustment was necessary to previously reported financial results.