CENTRAL TAXIS GATESHEAD LTD

Company Registration Number:
06884292 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2023

Period of accounts

Start date: 01 June 2022

End date: 31 May 2023

CENTRAL TAXIS GATESHEAD LTD

Contents of the Financial Statements

for the Period Ended 31 May 2023

Balance sheet
Notes

CENTRAL TAXIS GATESHEAD LTD

Balance sheet

As at 31 May 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 3,144,882 2,877,325
Investments: 4 825,000 825,000
Total fixed assets: 3,969,882 3,702,325
Current assets
Debtors: 5 240,394 212,175
Cash at bank and in hand: 628,074 381,619
Total current assets: 868,468 593,794
Creditors: amounts falling due within one year: 6 (914,550) (1,223,230)
Net current assets (liabilities): (46,082) (629,436)
Total assets less current liabilities: 3,923,800 3,072,889
Creditors: amounts falling due after more than one year: 7 (86,591) (86,591)
Total net assets (liabilities): 3,837,209 2,986,298
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 3,837,109 2,986,198
Shareholders funds: 3,837,209 2,986,298

The notes form part of these financial statements

CENTRAL TAXIS GATESHEAD LTD

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 February 2024
and signed on behalf of the board by:

Name: Mark Nellist
Status: Director

The notes form part of these financial statements

CENTRAL TAXIS GATESHEAD LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable , net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets , less their estimated residual value, over their expected useful lives on the following basis;Motor Vehicles 25%

CENTRAL TAXIS GATESHEAD LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

2. Employees

2023 2022
Average number of employees during the period 105 67

CENTRAL TAXIS GATESHEAD LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

3. Tangible Assets

Total
Cost £
At 01 June 2022 9,310,625
Additions 1,123,338
At 31 May 2023 10,433,963
Depreciation
At 01 June 2022 6,433,300
Charge for year 855,781
At 31 May 2023 7,289,081
Net book value
At 31 May 2023 3,144,882
At 31 May 2022 2,877,325

CENTRAL TAXIS GATESHEAD LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

4. Fixed investments

Cost at 1 June 2022 825,000 at 31 May 2023 825,000Provision at 1 June 2022 - at 31 May 2023 -Net Book ValueAt 1 June 2022 825,000At 31 May 2023 825,000

CENTRAL TAXIS GATESHEAD LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 240,394 212,175

CENTRAL TAXIS GATESHEAD LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

6. Creditors: amounts falling due within one year note

Trade Creditors 654,911 Other taxes and social security 23,095 VAT 6,357 Accruals and deferred income 138,962 Amounts owed to associates 91,225 Total due 914,550

CENTRAL TAXIS GATESHEAD LTD

Notes to the Financial Statements

for the Period Ended 31 May 2023

7. Creditors: amounts falling due after more than one year note

Directors Loan Account 86,591