Registered number
09925660
Unitaxi Limited
Unaudited Filleted Accounts
31 December 2022
Unitaxi Limited
Registered number: 09925660
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 22,955 30,725
Current assets
Debtors 4 63,227 19,637
Cash at bank and in hand 6,072 9,704
69,299 29,341
Creditors: amounts falling due within one year 5 (68,780) (54,329)
Net current assets/(liabilities) 519 (24,988)
Total assets less current liabilities 23,474 5,737
Creditors: amounts falling due after more than one year 6 (23,358) (34,930)
Net assets/(liabilities) 116 (29,193)
Capital and reserves
Called up share capital 100 100
Profit and loss account 16 (29,293)
Shareholders' funds 116 (29,193)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs E Brown Skromane
Director
Approved by the board on 8 February 2024
Unitaxi Limited
Notes to the Accounts
for the year ended 31 December 2022
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2022 748 51,923 52,671
At 31 December 2022 748 51,923 52,671
Depreciation
At 1 January 2022 304 21,642 21,946
Charge for the year 200 7,570 7,770
At 31 December 2022 504 29,212 29,716
Net book value
At 31 December 2022 244 22,711 22,955
At 31 December 2021 444 30,281 30,725
4 Debtors 2022 2021
£ £
Other debtors 63,227 19,637
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 16,869 23,671
Corporation tax 27,810 (380)
Other taxes and social security costs 15,570 22,506
Other creditors and accruals 8,531 8,532
68,780 54,329
6 Creditors: amounts falling due after one year 2022 2021
£ £
HP Leases 23,358 34,930
7 Other information
Unitaxi Limited is a private company limited by shares and incorporated in England. Its registered office is:
24a Wick Green
Grove
Wantage
OX12 0AS
Unitaxi Limited 09925660 false 2022-01-01 2022-12-31 2022-12-31 VT Final Accounts October 2023 release 2 Mrs E Brown Skromane No description of principal activity 09925660 2021-01-01 2021-12-31 09925660 core:WithinOneYear 2021-12-31 09925660 core:AfterOneYear 2021-12-31 09925660 core:ShareCapital 2021-12-31 09925660 core:RetainedEarningsAccumulatedLosses 2021-12-31 09925660 2022-01-01 2022-12-31 09925660 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09925660 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 09925660 bus:Director40 2022-01-01 2022-12-31 09925660 1 2022-01-01 2022-12-31 09925660 2 2022-01-01 2022-12-31 09925660 core:PlantMachinery 2022-01-01 2022-12-31 09925660 core:Vehicles 2022-01-01 2022-12-31 09925660 countries:England 2022-01-01 2022-12-31 09925660 bus:FRS102 2022-01-01 2022-12-31 09925660 bus:FullAccounts 2022-01-01 2022-12-31 09925660 2022-12-31 09925660 core:WithinOneYear 2022-12-31 09925660 core:AfterOneYear 2022-12-31 09925660 core:ShareCapital 2022-12-31 09925660 core:RetainedEarningsAccumulatedLosses 2022-12-31 09925660 core:PlantMachinery 2022-12-31 09925660 core:Vehicles 2022-12-31 09925660 2021-12-31 09925660 core:PlantMachinery 2021-12-31 09925660 core:Vehicles 2021-12-31 iso4217:GBP xbrli:pure