Company Registration No. 06560841 (England and Wales)
ABBEYGATE CHAUFFEUR SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2016
ABBEYGATE CHAUFFEUR SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBEYGATE CHAUFFEUR SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 MARCH 2016
31 March 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
3
14,917
Current assets
Debtors
1,947
404
Cash at bank and in hand
613
1,515
2,560
1,919
Creditors: amounts falling due within one year
(24,521)
(25,830)
Net current liabilities
(21,961)
(23,911)
Total assets less current liabilities
(21,958)
(8,994)
Creditors: amounts falling due after more than one year
-
(11,938)
(21,958)
(20,932)
Capital and reserves
Called up share capital
3
1
1
Profit and loss account
(21,959)
(20,933)
Shareholders' funds
(21,958)
(20,932)
For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 December 2016
Mrs J Tabb
Director
Company Registration No. 06560841
ABBEYGATE CHAUFFEUR SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Operations are currently financed by the company's directors and are dependent upon their continued support in order to remain in operational existence. The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet value of assets to their recoverable amount and to provide for further liabilities that may arise. It may also be necessary to reclassify fixed assets as current assets.
The directors have confirmed that they will continue to support the company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings and equipment
33% on cost
Motor vehicles
25% on cost
ABBEYGATE CHAUFFEUR SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 April 2015
26,864
Disposals
(19,885)
At 31 March 2016
6,979
Depreciation
At 1 April 2015
11,947
On disposals
(4,971)
At 31 March 2016
6,976
Net book value
At 31 March 2016
3
At 31 March 2015
14,917
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
1 Ordinary shares of £1 each
1
1