ARCH TAXI LIMITED

Company Registration Number:
08512203 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

ARCH TAXI LIMITED

Contents of the Financial Statements

for the Period Ended 31 May 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

ARCH TAXI LIMITED

Company Information

for the Period Ended 31 May 2023




Director: A Amjad
S Amjad
Registered office: Unit1b
Bank Street
Farnworth
Bolton
England
BL4 7PA
Company Registration Number: 08512203 (England and Wales)

ARCH TAXI LIMITED

Directors' Report Period Ended 31 May 2023

The directors present their report with the financial statements of the company for the period ended 31 May 2023

Principal Activities

the hire of motor vehicles, principally taxis

Directors

The directors shown below have held office during the whole of the period from 01 June 2022 to 31 May 2023
A Amjad

The director(s) shown below resigned during the period
S Amjad
30 November 2022

This report was approved by the board of directors on 16 October 2023
And Signed On Behalf Of The Board By:

Name: A Amjad
Status: Director

ARCH TAXI LIMITED

Profit and Loss Account

for the Period Ended 31 May 2023


Notes

2023
£

2022
£
Turnover 151,259 117,009
Cost of sales ( 98,574 ) ( 56,560 )
Gross Profit or (Loss) 52,685 68,569
Income from coronavirus (COVID-19) business support grants 0 8,120
Administrative Expenses ( 52,146 ) ( 46,816 )
Operating Profit or (Loss) 539 21,753
Profit or (Loss) Before Tax 539 21,753
Tax on Profit ( 102 ) ( 2,537 )
Profit or (Loss) for Period 437 19,216

The notes form part of these financial statements

ARCH TAXI LIMITED

Balance sheet

As at 31 May 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 5 66,260 76,860
Total fixed assets: 66,260 76,860
Current assets
Cash at bank and in hand: 15,876 56,134
Total current assets: 15,876 56,134
Creditors: amounts falling due within one year: 6 ( 36,225 ) ( 52,022 )
Net current assets (liabilities): ( 20,349 ) 4,112
Total assets less current liabilities: 45,911 80,972
Total net assets (liabilities): 45,911 80,972

The notes form part of these financial statements

ARCH TAXI LIMITED

Balance sheet continued

As at 31 May 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 45,910 80,971
Shareholders funds: 45,911 80,972

For the year ending 31 May 2023 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.

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

This report was approved by the board of directors on 16 October 2023
And Signed On Behalf Of The Board By:

Name: A Amjad
Status: Director

The notes form part of these financial statements

ARCH TAXI LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

    Tangible fixed assets depreciation policy

    Motor vehicles are depreciated at the rate of 20% per annum calculated using the straight line method. Land and buildings are not depreciated as the director considers that their net realisable value will always exceed cost.

ARCH TAXI LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

ARCH TAXI LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 3. Off balance sheet disclosure

    No

ARCH TAXI LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Dividends


2023
£

2022
£
Dividends paid 25,000 36,000

ARCH TAXI LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Tangible assets

Land & buildings Motor vehicles Total
Cost £ £ £
At 01 June 2022 55,661 52,999 108,660
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 May 2023 55,661 52,999 108,660
Depreciation
At 01 June 2022 0 31,800 31,800
Charge for year 0 10,600 10,600
On disposals - - -
Other adjustments - - -
At 31 May 2023 0 42,400 42,400
Net book value
At 31 May 2023 55,661 10,599 66,260
At 31 May 2022 55,661 21,199 76,860

ARCH TAXI LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Bank loans and overdrafts 29,984 43,304
Taxation and social security 6,241 6,868
Accruals and deferred income 0 1,850
Total 36,225 52,022