Northumberland Taxis Ltd,Ltd - AccountsLtd - Accounts

Northumberland Taxis Ltd,Ltd - AccountsLtd - Accounts

NORTHUMBERLAND TAXIS LIMITED - Company Information

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2021-04-01 SC320423 2022-03-31 SC320423 2021-04-01 2022-03-31 SC320423 2021-03-31 SC320423 2020-04-01 2021-03-31 SC320423 uk-core:WithinOneYear 2021-03-31 SC320423 uk-core:WithinOneYear 2022-03-31 SC320423 uk-core:AfterOneYear 2021-03-31 SC320423 uk-core:AfterOneYear 2022-03-31 SC320423 uk-core:ShareCapital 2022-03-31 SC320423 uk-core:ShareCapital 2021-03-31 SC320423 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 SC320423 uk-core:RetainedEarningsAccumulatedLosses 2021-03-31 SC320423 uk-bus:Director1 2021-04-01 2022-03-31 SC320423 uk-core:CommercialMotorVehicles 2021-04-01 2022-03-31 SC320423 uk-core:AfterOneYear uk-core:Secured 2022-03-31 SC320423 uk-core:AfterOneYear uk-core:Secured 2021-03-31 SC320423 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2022-03-31 SC320423 uk-core:IndeterminateMaturityNon-expiringFinancialInstruments 2021-03-31 iso4217:GBP xbrli:pure SC320423 uk-bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 SC320423 uk-bus:FRS102 2021-04-01 2022-03-31 SC320423 uk-bus:FullAccounts 2021-04-01 2022-03-31 SC320423 uk-bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31
Northumberland Taxis Ltd
Registered Number:SC320423
For the year ended 31 March 2022
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2022
Northumberland Taxis Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
SC320423
As at 31 March 2022
Northumberland Taxis Ltd
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
24,637
30,796
2
24,637
30,796
Current assets
Trade and other receivables
147
-
3
106
Cash and cash equivalents
2,598
2,598
253
Trade and other payables: amounts falling due within one
year
(17,112)
(4,384)
4
(16,859)
(1,786)
Net current liabilities
Total assets less current liabilities
22,851
13,937
Trade and other payables: amounts falling due after more
than one year
(10,000)
(3,208)
5
19,643
Net assets
3,937
Capital and reserves
Called up share capital
2
2
Retained earnings
19,641
3,935
19,643
3,937
Shareholders' funds
For the year ended 31 March 2022 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 of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Leslie McVay Director
These financial statements were approved and authorised for issue by the Board on 12 December 2022 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 March 2022
Northumberland Taxis Ltd
Notes to the Financial Statements
Statutory Information
Northumberland Taxis Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number
SC320423.
Registered address:
Flat 11
35 Western Harbour Midway
Edinburgh
EH6 6LG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
20% Reducing balance
Motor vehicles
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants received towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.
2. Property, plant and equipment
Motor vehicles
£
Cost or
valuation
At 01 April 2021
39,995
At 31 March 2022
39,995
Provision for depreciation and impairment
At 01 April 2021
9,199
Charge for year
6,159
At 31 March 2022
15,358
At 31 March 2022
Net book value
24,637
At 31 March 2021
30,796
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5
For the year ended 31 March 2022
Northumberland Taxis Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2021
2022
£
£
Trade debtors
-
147
4. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
-
126
Taxation and social security
2,498
-
Other creditors
1,886
16,986
4,384
17,112
5. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
3,208
10,000
Analysis of creditors falling due after more than five years:
Payable by instalments
-
10,000
6. Average number of persons employed
During the year the average number of employees was 1 (2021 : 1)
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