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
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
NEALE'S TAXIS LIMITED
Statement of financial position
as at 31 October 2023
Tangible assets
1,610,577
1,720,147
Cash at bank and in hand
679,633
165,003
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
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
NEALE'S TAXIS LIMITED
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
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
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
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
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
Loans from directors
15,000
-
8
Average number of employees
During the year the average number of employees was 13 (2022: 10).
9
Reconciliations on adoption of FRS 102