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REGISTERED NUMBER: SC222116 (Scotland)















Unaudited Financial Statements for the Year Ended 27 February 2023

for

Central Cab Company
(Cumbernauld) Limited

Central Cab Company
(Cumbernauld) Limited (Registered number: SC222116)






Contents of the Financial Statements
for the Year Ended 27 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Central Cab Company
(Cumbernauld) Limited

Company Information
for the Year Ended 27 February 2023







DIRECTORS: C Jeffery
Mrs C Jeffery





SECRETARY: Mrs C Jeffery





REGISTERED OFFICE: 76 Dumbarton Road
Clydebank
Glasgow
G81 1UG





REGISTERED NUMBER: SC222116 (Scotland)





ACCOUNTANTS: Graham & Co. (Accountants) Limited
76 Dumbarton Road
Clydebank
Glasgow
G81 1UG

Central Cab Company
(Cumbernauld) Limited (Registered number: SC222116)

Balance Sheet
27 February 2023

27.2.23 27.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 9,375
Tangible assets 5 124,484 167,750
124,484 177,125

CURRENT ASSETS
Debtors 6 89,213 121,801
Cash at bank and in hand 145,293 248,592
234,506 370,393
CREDITORS
Amounts falling due within one year 7 198,419 290,599
NET CURRENT ASSETS 36,087 79,794
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,571

256,919

CREDITORS
Amounts falling due after more than one year 8 35,290 53,789
NET ASSETS 125,281 203,130

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 125,279 203,128
SHAREHOLDERS' FUNDS 125,281 203,130

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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.

Central Cab Company
(Cumbernauld) Limited (Registered number: SC222116)

Balance Sheet - continued
27 February 2023


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 27 November 2023 and were signed on its behalf by:





C Jeffery - Director


Central Cab Company
(Cumbernauld) Limited (Registered number: SC222116)

Notes to the Financial Statements
for the Year Ended 27 February 2023

1. STATUTORY INFORMATION

Central Cab Company (Cumbernauld) Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance and Straight line over 3 years
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

At each reporting period end date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that these assets have suffered an impairment loss. If any such indication exists, the recovery amount of the assets is estimated in order to determine the extent of the impairment loss (if any).

Financial instruments
Basic financial instruments

Basic financial instruments which includes debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at an amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest.
Financial instruments classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities are initially recognied at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial instruments classified as payable within one year are not amortised.


Central Cab Company
(Cumbernauld) Limited (Registered number: SC222116)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 13 (2022 - 14 ) .

Central Cab Company
(Cumbernauld) Limited (Registered number: SC222116)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 28 February 2022
and 27 February 2023 150,000
AMORTISATION
At 28 February 2022 140,625
Charge for year 9,375
At 27 February 2023 150,000
NET BOOK VALUE
At 27 February 2023 -
At 27 February 2022 9,375

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 28 February 2022 338,044 31,056 423,433 11,085 803,618
Additions - - - 2,491 2,491
Disposals (111,824 ) (5,868 ) (24,548 ) (4,560 ) (146,800 )
At 27 February 2023 226,220 25,188 398,885 9,016 659,309
DEPRECIATION
At 28 February 2022 304,829 18,860 303,569 8,610 635,868
Charge for year 8,304 1,829 29,886 1,243 41,262
Eliminated on disposal (110,823 ) (5,389 ) (21,558 ) (4,535 ) (142,305 )
At 27 February 2023 202,310 15,300 311,897 5,318 534,825
NET BOOK VALUE
At 27 February 2023 23,910 9,888 86,988 3,698 124,484
At 27 February 2022 33,215 12,196 119,864 2,475 167,750

Central Cab Company
(Cumbernauld) Limited (Registered number: SC222116)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 28 February 2022 56,242
Transfer to ownership (26,163 )
At 27 February 2023 30,079
DEPRECIATION
At 28 February 2022 16,085
Charge for year 7,050
Transfer to ownership (14,205 )
At 27 February 2023 8,930
NET BOOK VALUE
At 27 February 2023 21,149
At 27 February 2022 40,157

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 27.2.22
£    £   
Other debtors 89,213 121,801

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
27.2.23 27.2.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 8,498 8,498
Trade creditors 9,196 8,969
Taxation and social security 115,834 139,071
Other creditors 54,891 124,061
198,419 290,599

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
27.2.23 27.2.22
£    £   
Bank loans 27,500 37,500
Hire purchase contracts 7,790 16,289
35,290 53,789

Central Cab Company
(Cumbernauld) Limited (Registered number: SC222116)

Notes to the Financial Statements - continued
for the Year Ended 27 February 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

27.2.23 27.2.22
£    £   
Hire purchase contracts 16,288 24,787

10. RELATED PARTY DISCLOSURES

The company is controlled by Mr & Mrs C Jeffrey.
During the year the company rented its office premises from its directors at a cost of £17,000,
At the year end creditors included a balance due to the directors of £36,628 (2022 - £73,285).