Company Registration No. 06192197 (England and Wales)
KINGDOM TAXIS LIMITED
Unaudited accounts
for the year ended 31 March 2021
KINGDOM TAXIS LIMITED
Unaudited accounts
Contents
KINGDOM TAXIS LIMITED
Company Information
for the year ended 31 March 2021
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 2021
Tangible assets
10,567
14,089
Cash at bank and in hand
94,839
124,786
Creditors: amounts falling due within one year
(621)
(7,207)
Net current assets
94,218
117,860
Net assets
104,785
131,949
Called up share capital
1
1
Profit and loss account
104,784
131,948
Shareholders' funds
104,785
131,949
For the year ending 31 March 2021 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 28 October 2021 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 2021
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 2020
437
44,493
44,930
At 31 March 2021
437
44,493
44,930
At 1 April 2020
426
30,415
30,841
Charge for the year
3
3,519
3,522
At 31 March 2021
429
33,934
34,363
At 31 March 2021
8
10,559
10,567
At 31 March 2020
11
14,078
14,089
5
Debtors: amounts falling due within one year
2021
2020
KINGDOM TAXIS LIMITED
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
-
6,415
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
281
-
281
-
During the year, the director was granted a short term loan. The maximum liability during the year was £281 but the amount was paid off by the balance sheet date.
9
Transactions with related parties
During the year, the company received a loan amounting to £45.43 from a member of key management personnel. The loan is to be repaid on demand and interest-free. At the balance sheet date, the loan was still outstanding and is presented within creditors: amounts falling due within one year.
10
Average number of employees
During the year the average number of employees was 0 (2020: 0).
