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REGISTERED NUMBER: 10443344 (England and Wales)











TUNBRIDGE WELLS PRIVATE HIRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2023






TUNBRIDGE WELLS PRIVATE HIRE LIMITED (REGISTERED NUMBER: 10443344)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


TUNBRIDGE WELLS PRIVATE HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2023







DIRECTOR: A S Badea





REGISTERED OFFICE: Storage King
Longfield Road
Tunbridge Wells
Kent
TN2 3EY





REGISTERED NUMBER: 10443344 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

TUNBRIDGE WELLS PRIVATE HIRE LIMITED (REGISTERED NUMBER: 10443344)

BALANCE SHEET
31ST OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 130,331 45,090

CURRENT ASSETS
Debtors 5 67,273 28,443
Cash at bank and in hand 1,506 1,983
68,779 30,426
CREDITORS
Amounts falling due within one year 6 109,751 49,552
NET CURRENT LIABILITIES (40,972 ) (19,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,359

25,964

CREDITORS
Amounts falling due after more than
one year

7

(58,657

)

(31,547

)

PROVISIONS FOR LIABILITIES (10,277 ) (8,567 )
NET ASSETS/(LIABILITIES) 20,425 (14,150 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 20,325 (14,250 )
SHAREHOLDERS' FUNDS 20,425 (14,150 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

TUNBRIDGE WELLS PRIVATE HIRE LIMITED (REGISTERED NUMBER: 10443344)

BALANCE SHEET - continued
31ST OCTOBER 2023


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

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

The financial statements were approved by the director and authorised for issue on 31st July 2024 and were signed by:





A S Badea - Director


TUNBRIDGE WELLS PRIVATE HIRE LIMITED (REGISTERED NUMBER: 10443344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2023


1. STATUTORY INFORMATION

Tunbridge Wells Private Hire Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

TUNBRIDGE WELLS PRIVATE HIRE LIMITED (REGISTERED NUMBER: 10443344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st November 2022 185 86,868 87,053
Additions - 117,833 117,833
At 31st October 2023 185 204,701 204,886
DEPRECIATION
At 1st November 2022 47 41,916 41,963
Charge for year 35 32,557 32,592
At 31st October 2023 82 74,473 74,555
NET BOOK VALUE
At 31st October 2023 103 130,228 130,331
At 31st October 2022 138 44,952 45,090

TUNBRIDGE WELLS PRIVATE HIRE LIMITED (REGISTERED NUMBER: 10443344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 40,000
At 31st October 2023 40,000
DEPRECIATION
Charge for year 8,000
At 31st October 2023 8,000
NET BOOK VALUE
At 31st October 2023 32,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 67,273 28,443

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,833 3,833
Hire purchase contracts 7,993 -
Trade creditors 7,765 5,535
Taxation and social security 69,565 20,672
Other creditors 20,595 19,512
109,751 49,552

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 27,671 29,869
Hire purchase contracts 29,308 -
Other creditors 1,678 1,678
58,657 31,547

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,338 14,536

TUNBRIDGE WELLS PRIVATE HIRE LIMITED (REGISTERED NUMBER: 10443344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 37,301 -

The above hire purchase liability is secured against the vehicle to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100