Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-312022-04-01falseNo description of principal activity44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08453641 2022-04-01 2023-03-31 08453641 2021-04-01 2022-03-31 08453641 2023-03-31 08453641 2022-03-31 08453641 c:Director1 2022-04-01 2023-03-31 08453641 d:MotorVehicles 2022-04-01 2023-03-31 08453641 d:MotorVehicles 2023-03-31 08453641 d:MotorVehicles 2022-03-31 08453641 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08453641 d:FurnitureFittings 2022-04-01 2023-03-31 08453641 d:FurnitureFittings 2023-03-31 08453641 d:FurnitureFittings 2022-03-31 08453641 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08453641 d:OfficeEquipment 2022-04-01 2023-03-31 08453641 d:OfficeEquipment 2023-03-31 08453641 d:OfficeEquipment 2022-03-31 08453641 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08453641 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08453641 d:Goodwill 2022-04-01 2023-03-31 08453641 d:Goodwill 2023-03-31 08453641 d:Goodwill 2022-03-31 08453641 d:CurrentFinancialInstruments 2023-03-31 08453641 d:CurrentFinancialInstruments 2022-03-31 08453641 d:Non-currentFinancialInstruments 2023-03-31 08453641 d:Non-currentFinancialInstruments 2022-03-31 08453641 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08453641 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08453641 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 08453641 d:Non-currentFinancialInstruments d:AfterOneYear 2022-03-31 08453641 d:ShareCapital 2023-03-31 08453641 d:ShareCapital 2022-03-31 08453641 d:RetainedEarningsAccumulatedLosses 2023-03-31 08453641 d:RetainedEarningsAccumulatedLosses 2022-03-31 08453641 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 08453641 d:AcceleratedTaxDepreciationDeferredTax 2022-03-31 08453641 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 08453641 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 08453641 c:OrdinaryShareClass1 2022-04-01 2023-03-31 08453641 c:OrdinaryShareClass1 2023-03-31 08453641 c:OrdinaryShareClass1 2022-03-31 08453641 c:FRS102 2022-04-01 2023-03-31 08453641 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08453641 c:FullAccounts 2022-04-01 2023-03-31 08453641 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08453641 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 08453641 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 08453641 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 08453641 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 08453641 2 2022-04-01 2023-03-31 08453641 d:Goodwill d:OwnedIntangibleAssets 2022-04-01 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08453641









CARRUS CHAUFFEURS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2023

 
CARRUS CHAUFFEURS LIMITED
REGISTERED NUMBER: 08453641

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
-
1,600

Tangible assets
  
71,939
103,120

  
71,939
104,720

Current assets
  

Debtors: amounts falling due after more than one year
 6 
26,917
22,368

Debtors: amounts falling due within one year
 6 
120,471
111,683

Cash at bank and in hand
  
42,596
114,682

  
189,984
248,733

Creditors: amounts falling due within one year
 7 
(186,436)
(278,750)

Net current assets/(liabilities)
  
 
 
3,548
 
 
(30,017)

Total assets less current liabilities
  
75,487
74,703

Creditors: amounts falling due after more than one year
 8 
(210,882)
(203,685)

  

Net liabilities
  
(135,395)
(128,982)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(135,495)
(129,082)

  
(135,395)
(128,982)

Page 1

 
CARRUS CHAUFFEURS LIMITED
REGISTERED NUMBER: 08453641
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 February 2024.



S Madan
Director

The notes on pages 3 to 11 form part of these financial statements.
Page 2

 
CARRUS CHAUFFEURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Carrus Chauffeurs Limited is a private company limited by shares and incorporated in England & Wales. The address of its principal place of business is Hubspace Devonshire House, 582 Honeypot Lane, Stanmore, England, HA7 1JS.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

At the balance sheet date the company had net liabilities of £98,198. The company meets its day to day working capital requirements through continued support of the director and his family interest. They have no intention to withdraw the support in the near future.
In assessing the appropriateness of the going concern basis the director has taken into account all relevant information covering a period of at least twelve months from the date of the approval of the statutory financial statements. The director believes that the company will have adequate funds available to meet its liabilities as they fall due and that it is therefore appropriate to prepare the financial statements on a going concern basis.

 
2.3

Turnover

Turnover represents amounts receivable for chauffeur services provided net of VAT and trade discounts.
Revenue is recognised when the service is provided.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
CARRUS CHAUFFEURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.6

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.7

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.9

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 4

 
CARRUS CHAUFFEURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.10

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of income and retained earnings over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
p.a on a reducing balance basis
Fixtures and fittings
-
25%
p.a on a reducing balance basis
Office equipment
-
25%
p.a on a reducing balance basis

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 5

 
CARRUS CHAUFFEURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.15

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 4).

Page 6

 
CARRUS CHAUFFEURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 April 2022
16,000



At 31 March 2023

16,000



Amortisation


At 1 April 2022
14,400


Charge for the year on owned assets
1,600



At 31 March 2023

16,000



Net book value



At 31 March 2023
-



At 31 March 2022
1,600



Page 7

 
CARRUS CHAUFFEURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 April 2022
153,662
1,057
19,945
174,664


Additions
10,000
-
800
10,800


Disposals
(40,367)
-
-
(40,367)



At 31 March 2023

123,295
1,057
20,745
145,097



Depreciation


At 1 April 2022
53,500
825
17,219
71,544


Charge for the year on owned assets
21,345
58
795
22,198


Disposals
(20,584)
-
-
(20,584)



At 31 March 2023

54,261
883
18,014
73,158



Net book value



At 31 March 2023
69,034
174
2,731
71,939



At 31 March 2022
100,162
232
2,726
103,120

Page 8

 
CARRUS CHAUFFEURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

6.


Debtors

2023
2022
£
£

Due after more than one year

Deferred tax asset
26,917
22,368

26,917
22,368


2023
2022
£
£

Due within one year

Trade debtors
65,282
61,583

Amounts owed by group undertakings
16,650
-

Other debtors
14,517
2,985

Prepayments and accrued income
94
25,200

Deferred taxation
23,928
21,915

120,471
111,683



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
1,068
-

Bank loans
10,915
10,909

Other loans
69,578
78,863

Payments received on account
6,631
-

Trade creditors
5,668
25,638

Amounts owed to group undertakings
-
68,000

Other taxation and social security
13,476
7,523

Obligations under finance lease and hire purchase contracts
24,822
35,089

Other creditors
51,037
50,978

Accruals and deferred income
3,241
1,750

186,436
278,750


Page 9

 
CARRUS CHAUFFEURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
24,559
35,458

Other loans
186,323
168,227

210,882
203,685



9.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
24,131
23,133

Between 1-5 years
12,857
60,727

36,988
83,860


10.


Deferred taxation




2023


£






At beginning of year
44,283


Charged to profit or loss
6,562



At end of year
50,845

The deferred tax asset is made up as follows:

2023
2022
£
£


Accelerated capital allowances
26,916
22,368

Tax losses carried forward
23,929
21,915

50,845
44,283

Page 10

 
CARRUS CHAUFFEURS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Share capital

2023
2022
£
£
Authorised, allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



12.


Related party transactions

During the period, the company paid the following to Liquid Bubble Media Ltd, a company in which the director, Mr Sanjiv Madan is also a director :
Consultancy and management fees - £nil (2022 - received £24,000)
Other services - £nil (2022 - £25)
The company also paid interest on loans repayable to Bishendas Brothers Limited amounting to £10,659
(2022 - £1,226) and to Stanmore Estates Limited amounting to £1,910 (2022 - £1,440).
At the balance sheet date, included in creditors due within one and after more than one year is amount due to :-
Liquid Bubble Media Ltd - £nil (2022 - £68,225)
Stanmore Estates Ltd - £36,962 (2022 - £40,335)
Bishendas Brothers Limited - £186,235 (2022 - £126,754)
Included in debtors is an amount due from Liquid Bubble Media Ltd of £16,650 (2022: £Nil)
Mr Sanjiv Madan is a also a director of Liquid Bubble Group Limited, Stanmore Estates Ltd and Bishendas Brothers Limited.

 
Page 11