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Registered Number: 11482311
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 July 2023

for

NIPPY TAXIS LIMITED

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Nippy Taxis Limited for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nippy Taxis Limited for the year ended 31 July 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys 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, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Nippy Taxis Limited , as a body, in accordance with the terms of our engagement letter dated .

Our work has been undertaken solely to prepare for your approval the accounts of Nippy Taxis Limited and state those matters that we have agreed to state to the Board of Directors of Nippy Taxis Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nippy Taxis Limited and its Board of Directors as a body for our work or for this report.

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

We have not been instructed to carry out an audit or a review of the accounts of Nippy Taxis 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 accounts



....................................................
J W Smith & Co Ltd - Scarborough
Hopper Hill Road
Scarborough Business Park
Scarborough
North Yorkshire
YO11 3YS
23 January 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 482,297   
482,297   
Current assets      
Debtors 738,178    10 
Cash at bank and in hand 775,053   
1,513,231    10 
Creditors: amount falling due within one year (1,139,432)  
Net current assets 373,799    10 
 
Total assets less current liabilities 856,096    10 
Net assets 856,096    10 
 

Capital and reserves
     
Called up share capital 4 10    10 
Profit and loss account 856,086   
Shareholder's funds 856,096    10 
 


For the year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 23 January 2024 and were signed on its behalf by:


-------------------------------
David Andrew Ledden
Director
2
General Information
Nippy Taxis Limited is a private company, limited by shares, registered in England and Wales, registration number 11482311, registration address Crown Garage, Back Albion Road, Scarborough, North Yorkshire, YO11 2BT.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Reducing Balance
Fixtures and Fittings 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 7 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 August 2022    
Additions 504,968    32,328    537,296 
Disposals    
At 31 July 2023 504,968    32,328    537,296 
Depreciation
At 01 August 2022    
Charge for year 50,958    4,041    54,999 
On disposals    
At 31 July 2023 50,958    4,041    54,999 
Net book values
Closing balance as at 31 July 2023 454,010    28,287    482,297 
Opening balance as at 01 August 2022    


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
10 Class A shares of £1.00 each 10    10 
10    10 

3