Registered Number SC327897

ABERDEEN TAXI METERS LIMITED

Abbreviated Accounts

30 June 2016

ABERDEEN TAXI METERS LIMITED Registered Number SC327897

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Intangible assets 2 4,970 9,940
Tangible assets 3 312 468
5,282 10,408
Current assets
Stocks 1,410 1,170
Debtors 7 1,653
Cash at bank and in hand 7 87
1,424 2,910
Creditors: amounts falling due within one year (72,717) (65,665)
Net current assets (liabilities) (71,293) (62,755)
Total assets less current liabilities (66,011) (52,347)
Total net assets (liabilities) (66,011) (52,347)
Capital and reserves
Called up share capital 4 2 2
Profit and loss account (66,013) (52,349)
Shareholders' funds (66,011) (52,347)
  • For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 March 2017

And signed on their behalf by:
Gary Leiper, Director

ABERDEEN TAXI METERS LIMITED Registered Number SC327897

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover shown in the profit and loss account represents the value of goods and services supplied during the year.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment 25% straight line

Intangible assets amortisation policy
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the usefule economic life of that asset as follows:
Goodwill 10% of cost

Other accounting policies
Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2Intangible fixed assets
£
Cost
At 1 July 2015 49,700
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 49,700
Amortisation
At 1 July 2015 39,760
Charge for the year 4,970
On disposals -
At 30 June 2016 44,730
Net book values
At 30 June 2016 4,970
At 30 June 2015 9,940
3Tangible fixed assets
£
Cost
At 1 July 2015 1,083
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 1,083
Depreciation
At 1 July 2015 615
Charge for the year 156
On disposals -
At 30 June 2016 771
Net book values
At 30 June 2016 312
At 30 June 2015 468
4Called Up Share Capital
Allotted, called up and fully paid:
2016
£		 2015
£
2 Ordinary shares of £1 each 2 2