Dartford Cabs Limited


FINANCIAL STATEMENTS


for the year ended 30th November 2021



Dartford Cabs Limited

CONTENTS

for the year ended 30th November 2021







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Dartford Cabs Limited

Company No. 05990314

STATEMENT OF FINANCIAL POSITION

as at 30th November 2021

20212020
Note£££
FIXED ASSETS
Property, plant and equipment42556514754
2556514754
CURRENT ASSETS
Cash at bank and in hand2584645722
2584645722
CURRENT LIABILITIES
Creditors: amounts falling due
within one year55052011243
NET CURRENT (LIABILITIES)/ASSETS(24674)34479
TOTAL ASSETS LESS CURRENT LIABILITIES89149233
 
Creditors: amounts falling due
after more than one year6-40000
 
NET ASSETS8919233
 
CAPITAL AND RESERVES
Called up share capital11
Retained earnings8909232
SHAREHOLDERS FUNDS8919233

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th November 2021 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 25 July 2022


M Fraser

Director

Company Number 05990314 (England)

Dartford Cabs Limited

NOTES TO THE ACCOUNTS

for the year ended 30th November 2021


1   Statutory information

Dartford Cabs Limited is a private company limited by shares and registered under company number 05990314 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 1 (2020 - 1).

4   Property, plant and equipment
 
Motor
VehiclesTotal
££
Cost
At 1st December 2020 110193110193
Additions1400014000
Disposals(62200)(62200)
At 30th November 20216199361993
 
Depreciation
At 1st December 2020 9543995439
Charge for year31893189
On disposals(62200)(62200)
At 30th November 20213642836428
 
Net Book Value
At 30th November 20212556525565
At 30th November 20201475414754

5   Creditors: amounts falling due within one year20212020
££
 
Loans and Overdrafts39290-
Other creditors1123011243
5052011243

6   Creditors: amounts falling due after one year20212020
££
 
Loans and Overdrafts-40000
-40000

7   Loans20212020
££
Analysis of maturity of debt:
 
Within one year39290-
Between one and five years-40000
3929040000

8   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20212020
££
 
M Fraser15461199
15461199

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