Company Registration No. 06192197 (England and Wales)
KINGDOM TAXIS LIMITED
Unaudited accounts
for the year ended 31 March 2020
KINGDOM TAXIS LIMITED
Unaudited accounts
Contents
KINGDOM TAXIS LIMITED
Company Information
for the year ended 31 March 2020
Director
Jermiah Harrington
Company Number
06192197 (England and Wales)
Registered Office
124 SALMON STREET
KINGSBURY
LONDON
NW9 8NL
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
KINGDOM TAXIS LIMITED
Statement of financial position
as at 31 March 2020
Tangible assets
14,089
18,785
Cash at bank and in hand
124,786
118,713
Creditors: amounts falling due within one year
(7,207)
(8,174)
Net current assets
117,860
112,213
Net assets
131,949
130,998
Called up share capital
1
1
Profit and loss account
131,948
130,997
Shareholders' funds
131,949
130,998
For the year ending 31 March 2020 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 November 2020 and were signed on its behalf by
Jermiah Harrington
Director
Company Registration No. 06192197
KINGDOM TAXIS LIMITED
Notes to the Accounts
for the year ended 31 March 2020
KINGDOM TAXIS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06192197. The registered office is 124 SALMON STREET, KINGSBURY, LONDON, NW9 8NL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2019
437
44,493
44,930
At 31 March 2020
437
44,493
44,930
At 1 April 2019
423
25,722
26,145
Charge for the year
3
4,693
4,696
At 31 March 2020
426
30,415
30,841
At 31 March 2020
11
14,078
14,089
At 31 March 2019
14
18,771
18,785
KINGDOM TAXIS LIMITED
Notes to the Accounts
for the year ended 31 March 2020
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
6,415
7,484
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan 0% interest, on demand
1,674
-
1,674
-
Loan 0% interest, on demand
-
281
-
281
During the year, the director was granted a short term loan. The maximum liability during the year was £281 and the amount was still outstanding as at the balance sheet date. The loan is to be repaid on demand and interest-free
9
Average number of employees
During the year the average number of employees was 0 (2019: 1).
