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Company Registration No. 07528219 (England and Wales)
CHALFONT TAXIS LIMITED Unaudited accounts for the year ended 28 February 2023
CHALFONT TAXIS LIMITED Unaudited accounts Contents
Page
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CHALFONT TAXIS LIMITED Company Information for the year ended 28 February 2023
Directors
Mr. Pervaiz Khan
Secretary
Ms. Zabina Khan
Company Number
07528219 (England and Wales)
Registered Office
35 Woodside Road Amersham Bucks HP6 6AA England
Accountants
G&S ACCOUNTANTS LIMITED First Floor, Victoria House Victoria Street High Wycombe, Bucks England, United Kingdom HP11 2LU
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CHALFONT TAXIS LIMITED Accountants' report
Accountants' report to the board of directors of CHALFONT TAXIS LIMITED on the preparation of the unaudited statutory accounts for the year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CHALFONT TAXIS LIMITED for the year ended 28 February 2023 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CHALFONT TAXIS LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CHALFONT TAXIS LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CHALFONT TAXIS LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CHALFONT TAXIS LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CHALFONT TAXIS LIMITED. You consider that CHALFONT TAXIS LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CHALFONT TAXIS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
G&S ACCOUNTANTS LIMITED First Floor, Victoria House Victoria Street High Wycombe, Bucks England, United Kingdom HP11 2LU 16 November 2023
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CHALFONT TAXIS LIMITED Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
206,534 
125,398 
Current assets
Debtors
- 
25,000 
Cash at bank and in hand
23,309 
19,736 
23,309 
44,736 
Creditors: amounts falling due within one year
(3,691)
- 
Net current assets
19,618 
44,736 
Total assets less current liabilities
226,152 
170,134 
Creditors: amounts falling due after more than one year
(203,292)
(193,995)
Net assets/(liabilities)
22,860 
(23,861)
Capital and reserves
Called up share capital
15,501 
15,501 
Profit and loss account
7,359 
(39,362)
Shareholders' funds
22,860 
(23,861)
For the year ending 28 February 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2023 and were signed on its behalf by
Mr. Pervaiz Khan Director Company Registration No. 07528219
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CHALFONT TAXIS LIMITED Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
CHALFONT TAXIS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07528219. The registered office is 35 Woodside Road, Amersham, Bucks, HP6 6AA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 28 February 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2022
396,102 
1,000 
22,529 
419,631 
Additions
132,769 
- 
- 
132,769 
At 28 February 2023
528,871 
1,000 
22,529 
552,400 
Depreciation
At 1 March 2022
272,768 
914 
20,551 
294,233 
Charge for the year
51,220 
17 
396 
51,633 
At 28 February 2023
323,988 
931 
20,947 
345,866 
Net book value
At 28 February 2023
204,883 
69 
1,582 
206,534 
At 28 February 2022
123,334 
86 
1,978 
125,398 
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CHALFONT TAXIS LIMITED Notes to the Accounts for the year ended 28 February 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
- 
25,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
3,691 
- 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
14,354 
20,749 
Obligations under finance leases and hire purchase contracts
- 
40,403 
Other creditors
40,402 
- 
Loans from directors
148,536 
132,843 
203,292 
193,995 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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