Company Registration No. 09180947 (England and Wales)
BERKELEY SQUARE CHAUFFEUR SERVICES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2016
Abbey House
Hickleys Court
South Street
Farnham
GU9 7QQ
BERKELEY SQUARE CHAUFFEUR SERVICES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
BERKELEY SQUARE CHAUFFEUR SERVICES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
31 AUGUST 2016
31 August 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
1,915
2,394
Current assets
Debtors
5,039
24,577
Cash at bank and in hand
-
1,288
5,039
25,865
Creditors: amounts falling due within one year
(204,572)
(127,200)
Net current liabilities
(199,533)
(101,335)
Total assets less current liabilities
(197,618)
(98,941)
Capital and reserves
Called up share capital
3
100
3
Profit and loss account
(197,718)
(98,944)
Shareholders' funds
(197,618)
(98,941)
For the financial year ended 31 August 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 27 October 2017
Mr J. Rowley
Mr C. Galonis
Director
Director
Company Registration No. 09180947
BERKELEY SQUARE CHAUFFEUR SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 AUGUST 2016
- 2 -
1
Accounting policies
1.1
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
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 net of VAT and trade discounts.
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 & equipment
20% reducing balance
1.5
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
2
Fixed assets
Tangible assets
£
Cost
At 1 September 2015 & at 31 August 2016
2,992
Depreciation
At 1 September 2015
598
Charge for the year
479
At 31 August 2016
1,077
Net book value
At 31 August 2016
1,915
At 31 August 2015
2,394
BERKELEY SQUARE CHAUFFEUR SERVICES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
3
During the year
97
ordinary shares of £
1
each were allotted and fully paid at par for cash consideration to provide additional working capital.