Unaudited Financial Statements for the Year Ended 31 March 2023

for

Blue Star Taxis Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs L A Bruce

Miss E Bruce

REGISTERED OFFICE:

2 Melville Street

Falkirk

FK1 1HZ

REGISTERED NUMBER:

SC102537 (Scotland)

ACCOUNTANTS:

Ian Macfarlane Limited

Chartered Accountants

2 Melville Street

Falkirk

FK1 1HZ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

376

451

376

451

CURRENT ASSETS

Debtors

6

122,600

120,888

Cash at bank and in hand

13,293

12,745

135,893

133,633

CREDITORS

Amounts falling due within one year

7

8,767

8,859

NET CURRENT ASSETS

127,126

124,774

TOTAL ASSETS LESS CURRENT LIABILITIES

127,502

125,225

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

127,402

125,125

SHAREHOLDERS' FUNDS

127,502

125,225

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps 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 Sections 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 September 2023 and were signed on its behalf by:

Mrs L A Bruce - Director

1.	STATUTORY INFORMATION

Blue Star Taxis Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1987, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2022

and 31 March 2023

4,000

AMORTISATION

At 1 April 2022

and 31 March 2023

4,000

NET BOOK VALUE

At 31 March 2023

-

At 31 March 2022

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2022

and 31 March 2023

20,597

DEPRECIATION

At 1 April 2022

20,146

Charge for year

75

At 31 March 2023

20,221

NET BOOK VALUE

At 31 March 2023

376

At 31 March 2022

451

6.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

122,600

120,888

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Taxation and social security

3,657

3,349

Other creditors

5,110

5,510

8,767

8,859

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary

£1

100

100