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  ABBEY COACHES (DARWEN) LIMITED
         
         
  ABBREVIATED UNAUDITED ACCOUNTS
         
         
  FOR THE YEAR ENDED 31 MAY 2016
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
         
  INDEX TO THE ACCOUNTS
         
 
         
  Pages
         
  1 Abbreviated Balance Sheet    
         
  2-4 Notes to the Abbreviated Accounts    
         
 
         
         
         
         
         
         
         
         
         
         
         
         
         
  ABBEY COACHES (DARWEN) LIMITED
  Company registered number: 04752795
  ABBREVIATED BALANCE SHEET
  AT 31 May 2016
           
    Note 2016 2015
      £ £ £
  FIXED ASSETS
  Intangible assets 2 4,500 4,500
  Tangible Assets 3 32,938 59,284
  Investments 4 8,231 -
      45,669 63,784
         
  CURRENT ASSETS
  Debtors falling due within one year   2,336 17,095
  Cash at bank and in hand   6,022 11,594
      8,358 28,689
  CREDITORS: Amounts falling due within one year   67,677 145,362
  NET CURRENT LIABILITIES   (59,319) (116,673)
  NET LIABILITIES   (£13,650) (£52,889)
       
  CAPITAL AND RESERVES
  Called up share capital 6 2 2
  Profit and loss account   (13,652) (52,891)
  SHAREHOLDERS' FUNDS   (£13,650) (£52,889)
       
         
  In approving these financial statements as directors of the company we hereby confirm the following:
  For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
         
  Directors' responsibilities:
  1) The members have not required the company to obtain an audit for its accounts for the year in question in accordance with section 476,
  2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
         
  The accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  These abbreviated accounts were approved by the board of directors on 09 February 2017
 
 
         
  M Suleman, Director
  The notes on pages 2 to 4 form part of these accounts
  page 1
  NOTES TO THE ABBREVIATED ACCOUNTS
  FOR THE YEAR ENDED 31 MAY 2016
       
 
1. ACCOUNTING POLICIES
     
     
1a. Basis of accounting
     
  The financial statements have been prepared under the historical cost convention.
       
       
1b. Intangible fixed assets: research and development
       
  Development expenditure is normally written off in the year of expenditure, however expenditure incurred on specific projects is capitalised when recoverability can be foreseen with reasonable certainty and is amortised in relation to sales from such projects.
         
         
1c. Tangible fixed assets
         
  Fixed assets are shown at historical cost.
         
  Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
         
         
  Plant and machinery Reducing balance 25%    
  Vehicles Reducing balance 25%    
  Fixtures and fittings Reducing balance 15%    
  Equipment Reducing balance 15%    
       
       
1d. Investments
       
  Fixed asset investments are shown at cost less amounts written off. Provisions are made for temporary fluctuations in value.
       
       
1e. Taxation
       
  Corporation tax payable is provided on taxable profits at the current rate.
       
       
       
1f. Turnover
       
  Turnover comprises the value of sales (excluding VAT and similar taxes and trade discounts) of goods and services in the normal course of business.
     
1g. Leasing and hire purchase contracts
     
  Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
     
  Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
  page 2
  ABBEY COACHES (DARWEN) LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2016
     
     
2. INTANGIBLE FIXED ASSETS 2016
    £
  Cost
     
  At 01 June 2015 10,000
  At 31 May 2016 10,000
  Depreciation
     
  At 01 June 2015 5,500
  At 31 May 2016 5,500
   
  Net Book Amounts
     
  At 31 May 2016 £4,500
   
     
     
3. TANGIBLE FIXED ASSETS 2016
    £
  Cost
     
  At 01 June 2015 59,894
  Additions 3,480
  At 31 May 2016 63,374
   
  Depreciation
     
  At 01 June 2015 19,610
  For the year 10,826
  At 31 May 2016 30,436
   
  Net Book Amounts
     
  At 31 May 2016 £32,938
   
  page 3
  ABBEY COACHES (DARWEN) LIMITED
  NOTES TO THE ABBREVIATED ACCOUNTS (CONT.)
  FOR THE YEAR ENDED 31 MAY 2016
       
       
4. FIXED ASSET INVESTMENTS 2016 2015
    £ £
  Cost or valuation
       
  Additions 8,231 -
  At 31 May 2016 8,231 -
   
  Amounts written off
       
  At 31 May 2016 - -
   
  Net Book Amounts
       
  At 31 May 2016 £8,231 £-
   
       
       
5. CREDITORS
    2016 2015
    £ £
  Creditors include the following amounts of secured liabilities:
       
  Due within one year 29,930 72,933
   
       
       
6. SHARE CAPITAL 2016 2015
    £ £
  Allotted, issued and fully paid:
       
  2 Ordinary shares of £1 each £2 £2
   
       
       
7. ULTIMATE PARENT COMPANY
       
  The company is a subsidiary undertaking of ... incorporated in ... registered in England and Wales.
       
       
8. RELATED PARTIES
       
  Directors' loans (eg debtors)
  Directors' material interests (eg tranactions with directors)
  Controlling parties.
  page 4