Blacktax Radio Taxis Limited - Accounts to registrar (filleted) - small 18.2

Blacktax Radio Taxis Limited - Accounts to registrar (filleted) - small 18.2

BLACKTAX RADIO TAXIS LIMITED - Company Information

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REGISTERED NUMBER: 02371182 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2020

for

Blacktax Radio Taxis Limited
Blacktax Radio Taxis Limited (Registered number: 02371182)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Blacktax Radio Taxis Limited

Company Information
for the Year Ended 31 December 2020







DIRECTORS: Mr I K Wharmby
Mr G Smith
Mr L M Fairhurst
Mr I Hodgin





SECRETARY: Mr G Smith





REGISTERED OFFICE: 71 Red Bank Road
Bispham
Blackpool
Lancashire
FY2 9HX





REGISTERED NUMBER: 02371182 (England and Wales)





ACCOUNTANTS: CCW Limited
Chartered Accountants
295/297 Church Street
Blackpool
Lancashire
FY1 3PJ
Page 1
Blacktax Radio Taxis Limited (Registered number: 02371182)

Balance Sheet
31 December 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 53,098 58,667

CURRENT ASSETS
Stocks 874 2,608
Debtors 5 21,743 14,270
Cash at bank and in hand 60,720 37,001
83,337 53,879
CREDITORS
Amounts falling due within one year 6 41,982 32,567
NET CURRENT ASSETS 41,355 21,312
TOTAL ASSETS LESS CURRENT
LIABILITIES
94,453
79,979

CREDITORS
Amounts falling due after more than one
year
7
44,527
-
NET ASSETS 49,926 79,979

CAPITAL AND RESERVES
Called up share capital 50 50
Share premium 8 12,550 12,550
Other reserves 8 20,157 20,157
Retained earnings 8 17,169 47,222
SHAREHOLDERS' FUNDS 49,926 79,979

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

Page 2 continued...
Blacktax Radio Taxis Limited (Registered number: 02371182)

Balance Sheet - continued
31 December 2020


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 March 2021 and were signed on its behalf by:




Mr I K Wharmby - Director



Mr G Smith - Director


The notes form part of these financial statements

Page 3
Blacktax Radio Taxis Limited (Registered number: 02371182)

Notes to the Financial Statements
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

Blacktax Radio 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. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents subscriptions due from members and other sundry income received during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Communications equipment - 35% on reducing balance
Office equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2019 - 14 ) .

Page 4 continued...
Blacktax Radio Taxis Limited (Registered number: 02371182)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

4. TANGIBLE FIXED ASSETS
Freehold Communications Office
property equipment equipment Totals
£    £    £    £   
COST
At 1 January 2020 59,871 147,336 34,736 241,943
Additions - - 845 845
At 31 December 2020 59,871 147,336 35,581 242,788
DEPRECIATION
At 1 January 2020 18,684 136,994 27,598 183,276
Charge for year 1,197 3,621 1,596 6,414
At 31 December 2020 19,881 140,615 29,194 189,690
NET BOOK VALUE
At 31 December 2020 39,990 6,721 6,387 53,098
At 31 December 2019 41,187 10,342 7,138 58,667

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Trade debtors 5,614 370
Credits account 12,885 9,768
Prepayments 3,244 4,132
21,743 14,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Bank loans and overdrafts 5,474 -
Trade creditors 2,008 761
Social security and other taxes 29,651 21,446
Accrued expenses 4,849 10,360
41,982 32,567

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.20 31.12.19
£    £   
Bank loans - 1-2 years 9,614 -
Bank loans - 2-5 years 30,514 -
Bank loans more 5 yr by instal 4,399 -
44,527 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 4,399 -

Page 5 continued...
Blacktax Radio Taxis Limited (Registered number: 02371182)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

8. RESERVES
Retained Share Other
earnings premium reserves Totals
£    £    £    £   

At 1 January 2020 47,222 12,550 20,157 79,929
Deficit for the year (30,053 ) (30,053 )
At 31 December 2020 17,169 12,550 20,157 49,876

The other reserve is the net assets of Blacktax Radio Taxis Association as at the 1st January 2003 when the assets and liabilities and the trade was taken over by Blacktax Radio Taxis Limited.

Page 6