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
CHALFONT TAXIS LIMITED
Company Information
for the year ended 28 February 2023
Directors
Mr. Pervaiz 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
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
CHALFONT TAXIS LIMITED
Statement of financial position
as at 28 February 2023
Tangible assets
206,534
125,398
Cash at bank and in hand
23,309
19,736
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)
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
CHALFONT TAXIS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
At 28 February 2023
204,883
69
1,582
206,534
At 28 February 2022
123,334
86
1,978
125,398
CHALFONT TAXIS LIMITED
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
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
Obligations under finance leases and hire purchase contracts
-
40,403
Loans from directors
148,536
132,843
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).