Chilwell and Beeston Taxis Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02982598 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2019

for

Chilwell and Beeston Taxis Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

J McFaul

SECRETARY:

M McFaul

REGISTERED OFFICE:

32 Old Tannery Drive

Lowdham

Nottinghamshire

NG14 7PS

REGISTERED NUMBER:

02982598 (England and Wales)

FIXED ASSETS

Tangible assets

5

154

1,221

CURRENT ASSETS

Debtors

6

96,313

135,176

Cash at bank and in hand

27,233

42,945

123,546

178,121

CREDITORS

Amounts falling due within one year

7

38,532

88,720

NET CURRENT ASSETS

85,014

89,401

TOTAL ASSETS LESS CURRENT LIABILITIES

85,168

90,622

CAPITAL AND RESERVES

Called up share capital

25,100

25,100

Retained earnings

60,068

65,522

85,168

90,622

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2019 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved and authorised for issue by the director on 6 March 2020 and were signed by:

J McFaul - Director

1.	STATUTORY INFORMATION

Chilwell and Beeston Taxis Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found on the

Company Information page.

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements cover the company as an individual entity, have been prepared under the

historical cost convention and are presented in Pounds Sterling (£) being the functional currency.

The financial statements have been prepared on the assumption that the company is able to carry

on business as a going concern, which the directors consider appropriate having regard to the

company's current and expected performance.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

20% on cost

Fixtures and fittings

-

20% on cost and 15% on cost

Computer equipment

-

33.33% on cost

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in

non-convertible preference and non-puttable ordinary shares which are measured at fair value, with

changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost

and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax, if applicable. Tax is recognised in the

Statement of Income and Retained Earnings, except to the extent that it relates to items recognised

in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been

enacted or substantively enacted by the statement of financial position date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2018 - 7 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1 December 2018

and 30 November 2019

599

6,141

6,788

13,528

DEPRECIATION

At 1 December 2018

599

6,141

5,567

12,307

Charge for year

-

-

1,067

1,067

At 30 November 2019

599

6,141

6,634

13,374

NET BOOK VALUE

At 30 November 2019

-

-

154

154

At 30 November 2018

-

-

1,221

1,221

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade debtors

78,417

123,232

Other debtors

17,896

11,944

96,313

135,176

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Trade creditors

4,146

976

Taxation and social security

24,721

59,156

Other creditors

9,665

28,588

38,532

88,720

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2019

2018

£

£

Within one year

951

951

Total lease payments recognised as an expense during the period amounted to £951 (2018 - £504).

9.	PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held

separately from those of the company in an independently administered fund. The pension cost

charge represents contributions payable by the company to the fund and amounted to £1,580 (2018

- £964). Contributions totalling £nil (2018 - £nil) were payable to the fund at the balance sheet date

and are included in creditors.