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Company Registration No. 05550018 (England and Wales)
NEALE'S TAXIS LIMITED Unaudited accounts for the year ended 31 October 2023
NEALE'S TAXIS LIMITED Unaudited accounts Contents
Page
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NEALE'S TAXIS LIMITED Company Information for the year ended 31 October 2023
Director
Mr. Abrar Hussain
Company Number
05550018 (England and Wales)
Registered Office
06 Corporation Street High Wycombe Bucks HP13 6TQ England
Accountants
G&S ACCOUNTANTS LIMITED First Floor, Victoria House Victoria Street High Wycombe, Bucks England, United Kingdom HP11 2LU
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NEALE'S TAXIS LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,610,577 
1,720,147 
Current assets
Debtors
53,528 
94,529 
Cash at bank and in hand
679,633 
165,003 
733,161 
259,532 
Creditors: amounts falling due within one year
(172,994)
- 
Net current assets
560,167 
259,532 
Total assets less current liabilities
2,170,744 
1,979,679 
Creditors: amounts falling due after more than one year
(1,002,316)
(1,458,632)
Net assets
1,168,428 
521,047 
Capital and reserves
Called up share capital
140 
140 
Profit and loss account
1,168,288 
520,907 
Shareholders' funds
1,168,428 
521,047 
For the year ending 31 October 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 29 July 2024 and were signed on its behalf by
Mr. Abrar Hussain Director Company Registration No. 05550018
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NEALE'S TAXIS LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
NEALE'S TAXIS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05550018. The registered office is 06 Corporation Street, High Wycombe, Bucks, HP13 6TQ, 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
These financial statements for the year ended 31 October 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 November 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in note 9 below.
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.
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
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
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NEALE'S TAXIS LIMITED Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 November 2022
2,931,724 
98 
16,489 
2,948,311 
Additions
308,787 
- 
- 
308,787 
Disposals
(15,713)
- 
- 
(15,713)
At 31 October 2023
3,224,798 
98 
16,489 
3,241,385 
Depreciation
At 1 November 2022
1,214,083 
66 
14,015 
1,228,164 
Charge for the year
402,143 
6 
495 
402,644 
At 31 October 2023
1,616,226 
72 
14,510 
1,630,808 
Net book value
At 31 October 2023
1,608,572 
26 
1,979 
1,610,577 
At 31 October 2022
1,717,641 
32 
2,474 
1,720,147 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
53,528 
94,529 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
172,994 
- 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
133,333 
183,333 
Obligations under finance leases and hire purchase contracts
773,983 
1,275,299 
Other creditors
80,000 
- 
Loans from directors
15,000 
- 
1,002,316 
1,458,632 
8
Average number of employees
During the year the average number of employees was 13 (2022: 10).
9
Reconciliations on adoption of FRS 102
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