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REGISTERED NUMBER: 05604669 (England and Wales)















Financial Statements for the Year Ended 31 October 2023

for

Newbury Taxi Ltd

Previously known as
KLJP Ltd

Newbury Taxi Ltd (Registered number: 05604669)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Newbury Taxi Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: K Porter





SECRETARY:





REGISTERED OFFICE: 36 Queens Road
Newbury
Berkshire
RG14 7NE





REGISTERED NUMBER: 05604669 (England and Wales)





ACCOUNTANTS: Accounting & Taxation Centre BTD
36 Queens Road
Newbury
Berkshire
RG14 7NE

Newbury Taxi Ltd (Registered number: 05604669)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 5,000
Property, plant and equipment 5 22,529 13,862
27,529 18,862

CURRENT ASSETS
Debtors 23,273 24,086
Cash at bank (1,408 ) 20
21,865 24,106
CREDITORS
Amounts falling due within one year 25,521 24,709
NET CURRENT LIABILITIES (3,656 ) (603 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,873

18,259

CREDITORS
Amounts falling due after more than one
year

23,435

18,016
NET ASSETS 438 243

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 338 143
SHAREHOLDERS' FUNDS 438 243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Newbury Taxi Ltd (Registered number: 05604669)

Abridged Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





K Porter - Director


Newbury Taxi Ltd (Registered number: 05604669)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Newbury Taxi Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and Straight line over 6 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

Newbury Taxi Ltd (Registered number: 05604669)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 5,000
NET BOOK VALUE

At 31 October 2023 5,000
At 31 October 2022 5,000

5. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 November 2022 34,634
Additions 53,172
Disposals (57,942 )
At 31 October 2023 29,864
DEPRECIATION
At 1 November 2022 20,772
Charge for year 5,015
Eliminated on disposal (18,452 )
At 31 October 2023 7,335
NET BOOK VALUE
At 31 October 2023 22,529
At 31 October 2022 13,862