10 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 06561762 2023-05-01 2024-04-30 06561762 2024-04-30 06561762 2023-04-30 06561762 2022-05-01 2023-04-30 06561762 2023-04-30 06561762 2022-04-30 06561762 core:LandBuildings core:LongLeaseholdAssets 2023-05-01 2024-04-30 06561762 bus:Director1 2023-05-01 2024-04-30 06561762 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 06561762 core:MotorVehicles 2023-04-30 06561762 core:LandBuildings core:LongLeaseholdAssets 2024-04-30 06561762 core:MotorVehicles 2024-04-30 06561762 core:MotorVehicles 2023-05-01 2024-04-30 06561762 core:WithinOneYear 2024-04-30 06561762 core:WithinOneYear 2023-04-30 06561762 core:ShareCapital 2024-04-30 06561762 core:ShareCapital 2023-04-30 06561762 core:RetainedEarningsAccumulatedLosses 2024-04-30 06561762 core:RetainedEarningsAccumulatedLosses 2023-04-30 06561762 core:LandBuildings core:LongLeaseholdAssets 2023-04-30 06561762 core:MotorVehicles 2023-04-30 06561762 bus:SmallEntities 2023-05-01 2024-04-30 06561762 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 06561762 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 06561762 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 06561762 bus:FullAccounts 2023-05-01 2024-04-30 06561762 core:OfficeEquipment 2023-05-01 2024-04-30 06561762 core:OfficeEquipment 2023-04-30 06561762 core:OfficeEquipment 2024-04-30 06561762 core:KeyManagementPersonnel 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: 06561762
Let's Go Green Cabs Limited
Filleted Unaudited Financial Statements
30 April 2024
Let's Go Green Cabs Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Let's Go Green Cabs Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
146,266
165,537
Current assets
Debtors
6
39,637
47,469
Cash at bank and in hand
31,917
39,942
--------
--------
71,554
87,411
Creditors: amounts falling due within one year
7
59,507
54,891
--------
--------
Net current assets
12,047
32,520
---------
---------
Total assets less current liabilities
158,313
198,057
---------
---------
Net assets
158,313
198,057
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
158,312
198,056
---------
---------
Shareholders funds
158,313
198,057
---------
---------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Let's Go Green Cabs Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
Mr K R Gorman
Director
Company registration number: 06561762
Let's Go Green Cabs Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 74 West Street, Sittingbourne, Kent, ME10 1AR, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Long leasehold property
-
10% straight line
Motor vehicles
-
25% and 20% straight line
Equipment
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 10 (2023: 13 ).
5. Tangible assets
Long leasehold property
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 May 2023
33,735
252,096
23,460
309,291
Additions
48,247
48,247
Disposals
( 24,913)
( 24,913)
--------
---------
--------
---------
At 30 April 2024
33,735
275,430
23,460
332,625
--------
---------
--------
---------
Depreciation
At 1 May 2023
122,738
21,016
143,754
Charge for the year
3,374
57,826
611
61,811
Disposals
( 19,206)
( 19,206)
--------
---------
--------
---------
At 30 April 2024
3,374
161,358
21,627
186,359
--------
---------
--------
---------
Carrying amount
At 30 April 2024
30,361
114,072
1,833
146,266
--------
---------
--------
---------
At 30 April 2023
33,735
129,358
2,444
165,537
--------
---------
--------
---------
6. Debtors
2024
2023
£
£
Trade debtors
9,425
21,179
Other debtors
30,212
26,290
--------
--------
39,637
47,469
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
20,556
2,481
Corporation tax
3,793
Social security and other taxes
29,204
23,949
Other creditors
9,747
24,668
--------
--------
59,507
54,891
--------
--------
8. Related party transactions
At the year end, the company owed a Director £3,440 (2023: £3,440).