STATION TAXIS (SUNDERLAND) LIMITED

STATION TAXIS (SUNDERLAND) LIMITED

STATION TAXIS (SUNDERLAND) LIMITED - Company Information

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STATION TAXIS (SUNDERLAND) LIMITED

Company Registration Number:
01958500 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

STATION TAXIS (SUNDERLAND) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

STATION TAXIS (SUNDERLAND) LIMITED

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Intangible assets: 3 44,525 44,525
Tangible assets: 4 563,476 579,650
Total fixed assets: 608,001 624,175
Current assets
Debtors: 5 142,751 221,268
Cash at bank and in hand: 708,474 540,265
Total current assets: 851,225 761,533
Creditors: amounts falling due within one year: 6 (276,109) (301,232)
Net current assets (liabilities): 575,116 460,301
Total assets less current liabilities: 1,183,117 1,084,476
Total net assets (liabilities): 1,183,117 1,084,476
Capital and reserves
Called up share capital: 416,925 416,925
Share premium account: 102,000 102,000
Profit and loss account: 664,192 565,551
Shareholders funds: 1,183,117 1,084,476

The notes form part of these financial statements

STATION TAXIS (SUNDERLAND) LIMITED

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 12 August 2021
and signed on behalf of the board by:

Name: T HINES
Status: Director

The notes form part of these financial statements

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life: Office equipment and fittings - 15% reducing balance No depreciation is provided on freehold land.

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Leased assets - Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term.Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of the capital repayments.Pension costs - Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Difference between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end,

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 26 30

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Intangible Assets

Total
Cost £
At 01 April 2020 44,525
At 31 March 2021 44,525
Net book value
At 31 March 2021 44,525
At 31 March 2020 44,525

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Tangible Assets

Total
Cost £
At 01 April 2020 1,346,018
Additions 10,696
At 31 March 2021 1,356,714
Depreciation
At 01 April 2020 766,368
Charge for year 26,870
At 31 March 2021 793,238
Net book value
At 31 March 2021 563,476
At 31 March 2020 579,650

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

5. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2021

6. Creditors: amounts falling due within one year note

Corporation Tax - 26,127Other taxation and social security - 69,497Other - 100,847Accruals and deferred income - 79,638