Company Registration No. 11815206 (England and Wales)
Airport Taxis Of Medway Ltd
Unaudited accounts
for the year ended 30 April 2023
Airport Taxis Of Medway Ltd
Unaudited accounts
Contents
Airport Taxis Of Medway Ltd
Company Information
for the year ended 30 April 2023
Company Number
11815206 (England and Wales)
Registered Office
177 MAIDSTONE ROAD MAIDSTONE ROAD
CHATHAM
ME4 6JG
ENGLAND
Accountants
Step Stone Accountancy Limited
240 Reculver Road
Herne Bay
Kent
CT6 6QR
Airport Taxis Of Medway Ltd
Statement of financial position
as at 30 April 2023
Intangible assets
17,739
24,000
Tangible assets
159,848
79,337
Cash at bank and in hand
30,981
7,918
Creditors: amounts falling due within one year
(4,789)
(1,200)
Net current assets
26,192
56,869
Total assets less current liabilities
203,779
160,206
Creditors: amounts falling due after more than one year
(183,202)
(168,844)
Net assets/(liabilities)
20,577
(8,638)
Called up share capital
1
1
Profit and loss account
20,576
(8,639)
Shareholders' funds
20,577
(8,638)
For the year ending 30 April 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.
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 6 March 2024 and were signed on its behalf by
Inderdeep Kang
Director
Company Registration No. 11815206
Airport Taxis Of Medway Ltd
Notes to the Accounts
for the year ended 30 April 2023
Airport Taxis Of Medway Ltd is a private company, limited by shares, registered in England and Wales, registration number 11815206. The registered office is 177 MAIDSTONE ROAD MAIDSTONE ROAD, CHATHAM, ME4 6JG, 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.
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.
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.
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:
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Airport Taxis Of Medway Ltd
Notes to the Accounts
for the year ended 30 April 2023
4
Intangible fixed assets
Other
5
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2022
103,762
1,075
104,837
Additions
154,645
1,151
155,796
Disposals
(50,307)
-
(50,307)
At 30 April 2023
208,100
2,226
210,326
At 1 May 2022
25,000
500
25,500
Charge for the year
36,933
318
37,251
On disposals
(12,273)
-
(12,273)
At 30 April 2023
49,660
818
50,478
At 30 April 2023
158,440
1,408
159,848
At 30 April 2022
78,762
575
79,337
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
447
-
Airport Taxis Of Medway Ltd
Notes to the Accounts
for the year ended 30 April 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
133,318
119,307
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).