Registered number
13523104
Viovia Taxis Limited
Filleted Accounts
31 July 2023
Viovia Taxis Limited
Registered number: 13523104
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 650,293 241,563
Current assets
Debtors 4 24,148 9,536
Cash at bank and in hand 6,375 23,724
30,523 33,260
Creditors: amounts falling due within one year 5 (127,121) (87,133)
Net current liabilities (96,598) (53,873)
Total assets less current liabilities 553,695 187,690
Creditors: amounts falling due after more than one year 6 (531,137) (195,966)
Net assets/(liabilities) 22,558 (8,276)
Capital and reserves
Share premium 100 100
Profit and loss account 22,458 (8,376)
Shareholders' funds 22,558 (8,276)
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.
A Pearce
Director
Approved by the board on 5 October 2023
Viovia Taxis Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The company was incorporated 21 July 2021.
Turnover
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 rendering of taxi services. Turnover from the rendering of taxi services is recognised in the financial statements in the period generated.
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant & machinery over 2 years
Motor vehicles over 5 & 7 years straight line
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
Taxable loss for the period has been carried forward to offset again future profit. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as this is immaterial to the true and fair view of the financial statements.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. 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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 - 275,345 275,345
Additions 442 524,098 524,540
At 31 July 2023 442 799,443 799,885
Depreciation
At 1 August 2022 - 33,782 33,782
Charge for the year 205 115,605 115,810
At 31 July 2023 205 149,387 149,592
Net book value
At 31 July 2023 237 650,056 650,293
At 31 July 2022 - 241,563 241,563
4 Debtors 2023 2022
£ £
Trade debtors 3,315 2,445
Other debtors 20,833 7,091
24,148 9,536
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 69,660 41,469
Trade creditors 9,141 -
Taxation and social security costs 696 -
Other creditors 47,624 45,664
127,121 87,133
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 531,137 195,966
7 Going concern
The directors are aware of the financial position of the company and will contiue to support the company for the foreseeable future. The going concern baisis is therefore adopted for the preparation of these financial statements.
8 Other information
Viovia Taxis Limited is a private company limited by shares and incorporated in England. Its registered office is:
70 Queen Anne Street
New Bradwell
Milton Keynes
MK13 0BA
Viovia Taxis Limited 13523104 false 2022-08-01 2023-07-31 2023-07-31 VT Final Accounts October 2023 release 2 A Pearce No description of principal activity 13523104 2021-07-21 2022-07-31 13523104 core:WithinOneYear 2022-07-31 13523104 core:AfterOneYear 2022-07-31 13523104 core:SharePremium 2022-07-31 13523104 core:RetainedEarningsAccumulatedLosses 2022-07-31 13523104 2022-08-01 2023-07-31 13523104 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 13523104 bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 13523104 bus:Director40 2022-08-01 2023-07-31 13523104 1 2022-08-01 2023-07-31 13523104 2 2022-08-01 2023-07-31 13523104 core:PlantMachinery 2022-08-01 2023-07-31 13523104 core:Vehicles 2022-08-01 2023-07-31 13523104 countries:England 2022-08-01 2023-07-31 13523104 bus:FRS102 2022-08-01 2023-07-31 13523104 bus:FullAccounts 2022-08-01 2023-07-31 13523104 2023-07-31 13523104 core:WithinOneYear 2023-07-31 13523104 core:AfterOneYear 2023-07-31 13523104 core:SharePremium 2023-07-31 13523104 core:RetainedEarningsAccumulatedLosses 2023-07-31 13523104 core:PlantMachinery 2023-07-31 13523104 core:Vehicles 2023-07-31 13523104 2022-07-31 13523104 core:PlantMachinery 2022-07-31 13523104 core:Vehicles 2022-07-31 iso4217:GBP xbrli:pure