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REGISTERED NUMBER: 11088946 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

JK CABS (GAINSBOROUGH) LTD

JK CABS (GAINSBOROUGH) LTD (REGISTERED NUMBER: 11088946)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


JK CABS (GAINSBOROUGH) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mr D Plumtree





REGISTERED OFFICE: 1 Rowston Close
GAINSBOROUGH
Lincolnshire
DN21 2SF





REGISTERED NUMBER: 11088946 (England and Wales)





ACCOUNTANTS: Rigel Wolf Ltd
Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ

JK CABS (GAINSBOROUGH) LTD (REGISTERED NUMBER: 11088946)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,400 3,000
Tangible assets 5 3,637 5,473
6,037 8,473

CURRENT ASSETS
Debtors 6 2,883 8,369
Cash at bank and in hand 53,827 19,344
56,710 27,713
CREDITORS
Amounts falling due within one year 7 18,714 18,942
NET CURRENT ASSETS 37,996 8,771
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,033

17,244

CREDITORS
Amounts falling due after more than one
year

8

5,303

8,276
NET ASSETS 38,730 8,968

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 38,630 8,868
SHAREHOLDERS' FUNDS 38,730 8,968

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

JK CABS (GAINSBOROUGH) LTD (REGISTERED NUMBER: 11088946)

BALANCE SHEET - continued
30 NOVEMBER 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 director and authorised for issue on 8 April 2024 and were signed by:





Mr D Plumtree - Director


JK CABS (GAINSBOROUGH) LTD (REGISTERED NUMBER: 11088946)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

JK Cabs (Gainsborough) Ltd is a private company, limited by shares , registered in England and Wales. 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 2017, is being amortised evenly over its estimated useful life of ten 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

JK CABS (GAINSBOROUGH) LTD (REGISTERED NUMBER: 11088946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2022
and 30 November 2023 6,000
AMORTISATION
At 1 December 2022 3,000
Amortisation for year 600
At 30 November 2023 3,600
NET BOOK VALUE
At 30 November 2023 2,400
At 30 November 2022 3,000

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 December 2022 280 860 15,995 17,135
Disposals - - (3,000 ) (3,000 )
At 30 November 2023 280 860 12,995 14,135
DEPRECIATION
At 1 December 2022 78 411 11,173 11,662
Charge for year 30 67 1,028 1,125
Eliminated on disposal - - (2,289 ) (2,289 )
At 30 November 2023 108 478 9,912 10,498
NET BOOK VALUE
At 30 November 2023 172 382 3,083 3,637
At 30 November 2022 202 449 4,822 5,473

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 2,057 7,229
Tax - 136
Prepayments and accrued income 826 1,004
2,883 8,369

JK CABS (GAINSBOROUGH) LTD (REGISTERED NUMBER: 11088946)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 3,000 3,000
Corporation tax 8,212 2,611
VAT 2,318 2,678
Directors' current accounts 4,363 9,772
Accruals and deferred income 821 881
18,714 18,942

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans - 1-2 years 3,000 3,000
Bank loans - 2-5 years 2,303 5,276
5,303 8,276

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Retained
earnings
£   

At 1 December 2022 8,868
Profit for the year 33,762
Dividends (4,000 )
At 30 November 2023 38,630

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year Mr D Plumtree - the sole director and 75% shareholder - charged the company £520 (2022 - £312) for use of home as office.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £3,000 (2022 - £2,000) were paid to the director .

At 30 November 2023 there was a balance owing to the director, Mr D Plumtree, of £4,363 (2022 - £9,772).

This balance has been shown in Creditors.

13. ULTIMATE CONTROLLING PARTY

The ultimate control of the company lies with the director, Mr D Plumtree, who together with his wife
holds 100% of the issued share capital.