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Company Registration No. 08001291 (England and Wales)
CHELMSFORD CITY TAXIS LIMITED Unaudited accounts for the year ended 27 February 2023
CHELMSFORD CITY TAXIS LIMITED Unaudited accounts Contents
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CHELMSFORD CITY TAXIS LIMITED Company Information for the year ended 27 February 2023
Director
Taner Ozouer
Company Number
08001291 (England and Wales)
Registered Office
1 BOND STREET CHELMSFORD CM1 1GD ENGLAND
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CHELMSFORD CITY TAXIS LIMITED Statement of financial position as at 27 February 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
83,351 
83,351 
Net current assets
- 
- 
Total assets less current liabilities
83,351 
83,351 
Creditors: amounts falling due after more than one year
(168,345)
(168,345)
Net liabilities
(84,994)
(84,994)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(85,094)
(85,094)
Shareholders' funds
(84,994)
(84,994)
For the year ending 27 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 23 November 2023 and were signed on its behalf by
Taner Ozouer Director Company Registration No. 08001291
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CHELMSFORD CITY TAXIS LIMITED Notes to the Accounts for the year ended 27 February 2023
1
Statutory information
CHELMSFORD CITY TAXIS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08001291. The registered office is 1 BOND STREET, CHELMSFORD, CM1 1GD, 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
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Motor vehicles
15% Straight Line Basis
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 28 February 2022
151,550 
At 27 February 2023
151,550 
Depreciation
At 28 February 2022
68,199 
At 27 February 2023
68,199 
Net book value
At 27 February 2023
83,351 
At 27 February 2022
83,351 
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CHELMSFORD CITY TAXIS LIMITED Notes to the Accounts for the year ended 27 February 2023
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
6
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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