Joseph Tabner Limited - Abbreviated accounts 16.1
Joseph Tabner Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 29 February 2016 |
| for |
| Joseph Tabner Limited |
| Joseph Tabner Limited (Registered number: 00536664) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 29 February 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| Joseph Tabner Limited |
| Company Information |
| for the Year Ended 29 February 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Joseph Tabner Limited (Registered number: 00536664) |
| Abbreviated Balance Sheet |
| 29 February 2016 |
| 29.2.16 | 28.2.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Joseph Tabner Limited (Registered number: 00536664) |
| Abbreviated Balance Sheet - continued |
| 29 February 2016 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| Joseph Tabner Limited (Registered number: 00536664) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 29 February 2016 |
| 1. | ACCOUNTING POLICIES |
| 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 net invoiced sales of goods, excluding value added tax. |
| 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 finance lease, over the lease term, whichever is the shorter. |
| The exception being that the taxi licences are considered to have an infinite life and, therefore, no |
| meaningful assessment of annual depreciation is suitable. Also the investment property is not |
| amortised as the market value generally increases, see note on investment property revaluation. |
| Taxi cabs 25% on reducing balance |
| Fixtures & fittings 25% on reducing balance |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising |
| from changes in market value is transferred to a revaluation reserve. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed |
| at the balance sheet date. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| Additions |
| Disposals | ( |
) |
| At 29 February 2016 |
| DEPRECIATION |
| At 1 March 2015 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| Joseph Tabner Limited (Registered number: 00536664) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 29 February 2016 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 March 2015 |
| and 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary | 91.38 |
| £ | £ |
| Aggregate capital and reserves | 342,117 |
| Loss for the year | (5,429 | ) | (171 | ) |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST |
| At 1 March 2015 |
| Additions |
| At 29 February 2016 |
| NET BOOK VALUE |
| At 29 February 2016 |
| At 28 February 2015 |
| Joseph Tabner Limited (Registered number: 00536664) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 29 February 2016 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 29.2.16 | 28.2.15 |
| value: | £ | £ |
| A Ordinary | £1 |
| B ordinary | £1 |
| 5,000 | 5,000 |
| 6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 29 February 2016 |
| and 28 February 2015: |
| 29.2.16 | 28.2.15 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Balance outstanding at end of year |
| 7. | RELATED PARTY DISCLOSURES |
| The company has no ultimate controlling party. |
| The subsidiary undertaking is Mantax Radio Taxis Limited. The amount due from (to) Mantax Radio |
| Taxis Limited as at 28th February 2016 is £2,921 (2015 (£144,610). |