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REGISTERED NUMBER: 04130123 (England and Wales)















Able Taxis Limited

Abbreviated Unaudited Accounts

for the Year Ended

31 March 2016






Able Taxis Limited (Registered number: 04130123)

Contents of the Abbreviated Accounts
for the Year Ended 31 March 2016










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

Able Taxis Limited

Company Information
for the Year Ended 31 March 2016







DIRECTOR: P Bailey





REGISTERED OFFICE: Unit 8 Hopper Way
Diss Business Park
Diss
Norfolk
IP22 4GT





REGISTERED NUMBER: 04130123 (England and Wales)





ACCOUNTANTS: Haines Watts
8 Hopper Way
Diss Business Park
Diss
Norfolk
IP22 4GT

Able Taxis Limited (Registered number: 04130123)

Abbreviated Balance Sheet
31 March 2016

2016 2015
Notes £    £   
FIXED ASSETS
Intangible assets 2 14,500 16,900
Tangible assets 3 75,179 78,034
89,679 94,934

CURRENT ASSETS
Debtors 89,541 94,871
Cash at bank and in hand 4,530 101
94,071 94,972
CREDITORS
Amounts falling due within one year 4 (138,739 ) (120,892 )
NET CURRENT LIABILITIES (44,668 ) (25,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,011

69,014

CREDITORS
Amounts falling due after more than one
year

4

(79,143

)

(66,488

)
NET (LIABILITIES)/ASSETS (34,132 ) 2,526

CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and loss account (34,133 ) 2,525
SHAREHOLDERS' FUNDS (34,132 ) 2,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 13 December 2016 and were signed by:




P Bailey - Director


Able Taxis Limited (Registered number: 04130123)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2016


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
The company has a deficit on the balance sheet. The majority of the long term funding of the company is from
the director. The director is confident the company can operate within it's agreed banking facility, and has made
a commitment to support the company if needed, therefore the financial statements have been prepared on the
going concern concept.

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents cash and invoiced sales from taxi services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery- 15% on reducing balance

Vehicles are depreciated annually based upon a review of their values at the year end by the director.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
balance sheet date.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 48,000
AMORTISATION
At 1 April 2015 31,100
Amortisation for year 2,400
At 31 March 2016 33,500
NET BOOK VALUE

At 31 March 2016 14,500
At 31 March 2015 16,900

Able Taxis Limited (Registered number: 04130123)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2016


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015 119,402
Additions 4,600
Disposals (8,517 )
At 31 March 2016 115,485
DEPRECIATION
At 1 April 2015 41,368
Charge for year 1,903
Eliminated on disposal (2,965 )
At 31 March 2016 40,306
NET BOOK VALUE
At 31 March 2016 75,179
At 31 March 2015 78,034

4. CREDITORS

Creditors include an amount of £ 100,706 (2015 - £ 36,477 ) for which security has been given.

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
1 Ordinary £1 1 1