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REGISTERED NUMBER: 03192025 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

1 2 3 ASSOCIATED TAXIS LIMITED

1 2 3 ASSOCIATED TAXIS LIMITED (REGISTERED NUMBER: 03192025)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


1 2 3 ASSOCIATED TAXIS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: M J Etherington
D Jefferson
S Maclaren
M M Rossi
Mrs G K Tucker
G M Lord
G J Jasper
J D Walls
Mrs J Fisher





REGISTERED OFFICE: 38D Cliff Road
Newquay
Cornwall
TR7 2ND





REGISTERED NUMBER: 03192025 (England and Wales)





ACCOUNTANTS: Whitakers
Chartered Accountants
Bryndon House
5/7 Berry Road
Newquay
Cornwall
TR7 1AD

1 2 3 ASSOCIATED TAXIS LIMITED (REGISTERED NUMBER: 03192025)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,615 12,133

CURRENT ASSETS
Cash at bank and in hand 5,350 5,013

CREDITORS
Amounts falling due within one year 5 9,287 9,079
NET CURRENT LIABILITIES (3,937 ) (4,066 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,678

8,067

CAPITAL AND RESERVES
Called up share capital 900 900
Retained earnings 6,778 7,167
7,678 8,067

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 20 October 2023 and were signed on its behalf by:





D Jefferson - Director


1 2 3 ASSOCIATED TAXIS LIMITED (REGISTERED NUMBER: 03192025)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

1 2 3 Associated Taxis Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

1 2 3 ASSOCIATED TAXIS LIMITED (REGISTERED NUMBER: 03192025)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 April 2022 19,300 14,837 34,137
Additions - 280 280
At 31 March 2023 19,300 15,117 34,417
DEPRECIATION
At 1 April 2022 9,632 12,372 22,004
Charge for year 386 412 798
At 31 March 2023 10,018 12,784 22,802
NET BOOK VALUE
At 31 March 2023 9,282 2,333 11,615
At 31 March 2022 9,668 2,465 12,133

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Corporation tax 10 150
Other creditors 7,758 7,837
Amounts due to taxi drivers 300 233
Accrued expenses 1,219 859
9,287 9,079