Abbreviated Company Accounts - LOVELANE CABS LIMITED

LOVELANE CABS LIMITED - Company Information

03394724 LOVELANE CABS LIMITED 2016-06-29 false 2015-06-30 2016-06-29 true 03394724 2015-06-30 2016-06-29 03394724 2016-06-29 03394724 2015-06-29 03394724 uk-gaap-cd-bus:Director1 2015-06-30 2016-06-29 03394724 uk-gaap-cd-bus:Director2 2015-06-30 2016-06-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 2016-06-29 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-29 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-29 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-30 2016-06-29 uk-gaap-cd-bus:OrdinaryShareClass2 2016-06-29 uk-gaap-cd-bus:OrdinaryShareClass2 2015-06-29 iso4217:GBP shares

Registered Number 03394724

LOVELANE CABS LIMITED

Abbreviated Accounts

29 June 2016

LOVELANE CABS LIMITED Registered Number 03394724

Abbreviated Balance Sheet as at 29 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	17,389	18,323
		17,389	18,323
Creditors: amounts falling due within one year		(3,812)	(4,291)
Net current assets (liabilities)		(3,812)	(4,291)
Total assets less current liabilities		13,577	14,032
Total net assets (liabilities)		13,577	14,032
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		13,573	14,028
Shareholders' funds		13,577	14,032

For the year ending 29 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 10 March 2017

And signed on their behalf by:
A Woodroffe, Director

LOVELANE CABS LIMITED Registered Number 03394724

Notes to the Abbreviated Accounts for the period ended 29 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 January 2015.

Turnover policy
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets depreciation policy
Depreciation is provided so as to write off the cost or valuation, less any estimated residual value, over the expected useful economic life, as follows:

Motor Vehicles - 25% reducing balance basis

2Tangible fixed assets

	£
Cost
At 30 June 2015	20,700
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 29 June 2016	20,700
Depreciation
At 30 June 2015	2,377
Charge for the year	934
On disposals	-
At 29 June 2016	3,311
Net book values
At 29 June 2016	17,389
At 29 June 2015	18,323

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
2 A Ordinary shares of £1 each	2	2
2 B Ordinary shares of £1 each	2	2