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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
Page
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Airport Taxis Of Medway Ltd Company Information for the year ended 30 April 2023
Director
Inderdeep Kang
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
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Airport Taxis Of Medway Ltd Statement of financial position as at 30 April 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
17,739 
24,000 
Tangible assets
159,848 
79,337 
177,587 
103,337 
Current assets
Debtors
- 
50,151 
Cash at bank and in hand
30,981 
7,918 
30,981 
58,069 
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)
Capital and reserves
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
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Airport Taxis Of Medway Ltd Notes to the Accounts for the year ended 30 April 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Plant & machinery
4 years
Government grants
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Airport Taxis Of Medway Ltd Notes to the Accounts for the year ended 30 April 2023
4
Intangible fixed assets
Other 
£ 
Cost
At 1 May 2022
30,000 
At 30 April 2023
30,000 
Amortisation
At 1 May 2022
6,000 
Charge for the year
6,261 
At 30 April 2023
12,261 
Net book value
At 30 April 2023
17,739 
At 30 April 2022
24,000 
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 
Depreciation
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 
Net book value
At 30 April 2023
158,440 
1,408 
159,848 
At 30 April 2022
78,762 
575 
79,337 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
13,693 
Other debtors
- 
36,458 
- 
50,151 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,142 
- 
Taxes and social security
447 
- 
Accruals
1,200 
1,200 
4,789 
1,200 
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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 
£ 
£ 
Bank loans
44,884 
49,537 
Other creditors
5,000 
- 
Loans from directors
133,318 
119,307 
183,202 
168,844 
9
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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