DAR CABS LIMITED Filleted accounts for Companies House (small and micro)

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COMPANY REGISTRATION NUMBER: 04911456

DAR CABS LIMITED

Filleted Unaudited Financial Statements

30 September 2020

DAR CABS LIMITED

Statement of Financial Position

30 September 2020

	2020		2019
Note	£	£	£

Current assets

Debtors	5	7,351	7,549
Cash at bank and in hand		64	43
		-------	-------
		7,415	7,592

Creditors: amounts falling due within one year	6	9,021		8,909
		-------		-------
Net current liabilities			1,606	1,317
			-------	-------
Total assets less current liabilities			( 1,606)	( 1,317)
			-------	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	( 1,608)	( 1,319)
	-------	-------
Shareholders deficit	( 1,606)	( 1,317)
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 9 March 2021 , and are signed on behalf of the board by:

D Mr Dean Anthony Roderick
Director

Company registration number: 04911456

DAR CABS LIMITED

Notes to the Financial Statements

Year ended 30 September 2020

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 144 Walter Road, Swansea, West Glamorgan, SA1 5RW.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Lease	-	20% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Intangible assets

	Intangible asset user defined 1
	£
Cost
At 1 October 2019 and 30 September 2020	2,000
	-------
Amortisation
At 1 October 2019 and 30 September 2020	2,000
	-------
Carrying amount
At 30 September 2020	–
	-------
At 30 September 2019	–
	-------

5. Debtors

	2020	2019
	£	£
Other debtors	7,351	7,549
	-------	-------

6. Creditors: amounts falling due within one year

	2020	2019
	£	£
Other creditors	9,021	8,909
	-------	-------

7. Related party transactions

No transactions with related parties were undertaken such as are required to be disclosed under FRSSE 2005.