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REGISTERED NUMBER: 11998738 (England and Wales)
























Unaudited Financial Statements

for the Period 1 June 2022 to 31 March 2023

for

MP TAXIS & EXECUTIVE CARS LIMITED

MP TAXIS & EXECUTIVE CARS LIMITED (REGISTERED NUMBER: 11998738)






Contents of the Financial Statements
for the period 1 June 2022 to 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

MP TAXIS & EXECUTIVE CARS LIMITED

Company Information
for the period 1 June 2022 to 31 March 2023







DIRECTOR: M Pattemore





REGISTERED OFFICE: Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR





REGISTERED NUMBER: 11998738 (England and Wales)





ACCOUNTANTS: Trevor Jones & Partners Ltd
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR

MP TAXIS & EXECUTIVE CARS LIMITED (REGISTERED NUMBER: 11998738)

Abridged Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,625 15,895
Tangible assets 5 109,199 7,227
122,824 23,122

CURRENT ASSETS
Debtors 6,399 -
Cash at bank 5,804 1,797
12,203 1,797
CREDITORS
Amounts falling due within one year 145,822 136,258
NET CURRENT LIABILITIES (133,619 ) (134,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,795

)

(111,339

)

CREDITORS
Amounts falling due after more than one
year

84,471

-
NET LIABILITIES (95,266 ) (111,339 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (95,366 ) (111,439 )
(95,266 ) (111,339 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 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.

MP TAXIS & EXECUTIVE CARS LIMITED (REGISTERED NUMBER: 11998738)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 4 October 2023 and were signed by:





M Pattemore - Director


MP TAXIS & EXECUTIVE CARS LIMITED (REGISTERED NUMBER: 11998738)

Notes to the Financial Statements
for the period 1 June 2022 to 31 March 2023

1. STATUTORY INFORMATION

MP Taxis & Executive Cars Limited 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 comprises the fair value of the consideration received or receivable for the provision of taxi services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, 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 etc - 10% on reducing balance

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

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

MP TAXIS & EXECUTIVE CARS LIMITED (REGISTERED NUMBER: 11998738)

Notes to the Financial Statements - continued
for the period 1 June 2022 to 31 March 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 March 2023 22,705
AMORTISATION
At 1 June 2022 6,810
Amortisation for period 2,270
At 31 March 2023 9,080
NET BOOK VALUE

At 31 March 2023 13,625
At 31 May 2022 15,895

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022 10,324
Additions 114,105
At 31 March 2023 124,429
DEPRECIATION
At 1 June 2022 3,097
Charge for period 12,133
At 31 March 2023 15,230
NET BOOK VALUE
At 31 March 2023 109,199
At 31 May 2022 7,227

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
MP Taxis & Executive Cars Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of MP Taxis & Executive Cars Limited for the period ended 31 March 2023 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of MP Taxis & Executive Cars Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of MP Taxis & Executive Cars Limited and state those matters that we have agreed to state to the director of MP Taxis & Executive Cars Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than MP Taxis & Executive Cars Limited and its director for our work or for this report.

It is your duty to ensure that MP Taxis & Executive Cars Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of MP Taxis & Executive Cars Limited. You consider that MP Taxis & Executive Cars Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of MP Taxis & Executive Cars Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Trevor Jones & Partners Ltd
Springfield House
99/101 Crossbrook Street
Cheshunt
Waltham Cross
Hertfordshire
EN8 8JR


4 October 2023