REGISTERED NUMBER: 05720518 (England and Wales)

A.Cab Taxi Limited

Unaudited Financial Statements

for the Year Ended 31 March 2017

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

D P Jones

REGISTERED OFFICE:

Towers Point

Towers Business Park

Wheelhouse Road

Rugeley

Staffordshire

WS15 1UN

BUSINESS ADDRESS:

3 Homestead Court

Stafford

Staffordshire

ST16 3HU

REGISTERED NUMBER:

05720518 (England and Wales)

ACCOUNTANTS:

Wychbury Greaves

Towers Point

Towers Business Park

Wheelhouse Road

Rugeley

Staffordshire

WS15 1UN

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,518

3,357

2,518

3,357

CURRENT ASSETS

Debtors

278

122

Cash at bank and in hand

24,618

23,605

24,896

23,727

CREDITORS

Amounts falling due within one year

45,664

44,324

NET CURRENT LIABILITIES

(20,768

)

(20,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(18,250

)

(17,240

)

CAPITAL AND RESERVES

Called up share capital

6

100

100

Share premium

3,281

3,281

Retained earnings

(21,631

)

(20,621

)

SHAREHOLDERS' FUNDS

(18,250

)

(17,240

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 27 November 2017 and were signed by:

D P Jones - Director

1.	STATUTORY INFORMATION

A.Cab Taxi 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of four 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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

20,000

AMORTISATION

At 1 April 2016

and 31 March 2017

20,000

NET BOOK VALUE

At 31 March 2017

-

At 31 March 2016

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

30,303

DEPRECIATION

At 1 April 2016

26,946

Charge for year

839

At 31 March 2017

27,785

NET BOOK VALUE

At 31 March 2017

2,518

At 31 March 2016

3,357

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2017

2016

value:

£

£

100

Ordinary

£1

100

100

7.	ULTIMATE CONTROLLING PARTY

The controlling party is D P Jones.