LONDON TAXI MECHANIC LTD - Accounts

LONDON TAXI MECHANIC LTD - Company Information

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Registered Number: 10276720

England and Wales

LONDON TAXI MECHANIC LTD

Abridged Accounts

Period of accounts

Start date: 01 August 2021

End date: 31 July 2022

LONDON TAXI MECHANIC LTD
Contents Page
For the year ended 31 July 2022

Statement of financial position	1
Notes to the financial statements	2

LONDON TAXI MECHANIC LTD
Statement of Financial Position
As at 31 July 2022

	2022 £	2021 £
Fixed assets
Tangible fixed assets	7,600	9,268
	7,600	9,268
Current assets
Debtors	53,359	50,129
Cash at bank and in hand	68	5,211
	53,427	55,340
Creditors: amount falling due within one year	(1,241)	0
Net current assets	52,186	55,340

Total assets less current liabilities	59,786	64,608
Creditors: amount falling due after more than one year	(39,200)	(50,000)
Net assets	20,586	14,608

Capital and reserves
Called up share capital	1	1
Profit and loss account	20,585	14,607
Shareholder's funds	20,586	14,608

For the year ended 31 July 2022 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 accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

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

The financial statements were approved by the director on 28 April 2023 and were signed by:

--------------------------------
Abdul Azeem Alakozai
Director

LONDON TAXI MECHANIC LTD
Notes to the Abridged Financial Statements
For the year ended 31 July 2022

General Information

LONDON TAXI MECHANIC LTD is a private company, limited by shares, registered in England and Wales, registration number 10276720, registration address 3 THE CONCOURSE, LONDON UNITED KINGDOM, NW9 5XB.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

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:

Motor Vehicles

18% Reducing Balance

2.	Average number of employees Average number of employees during the year was 0 (2021 : 0).

Tangible fixed assets

Cost or valuation	Motor Vehicles	Total
	£	£
At 01 August 2021	25,000	25,000
Additions	-	-
Disposals	-	-
At 31 July 2022	25,000	25,000
Depreciation
At 01 August 2021	15,732	15,732
Charge for year	1,668	1,668
On disposals	-	-
At 31 July 2022	17,400	17,400
Net book values
Closing balance as at 31 July 2022	7,600	7,600
Opening balance as at 01 August 2021	9,268	9,268