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REGISTERED NUMBER: 07310107 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

AAA Taxis (GB) Limited

AAA Taxis (GB) Limited (Registered number: 07310107)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

AAA Taxis (GB) Limited

Company Information
for the Year Ended 31 August 2023







DIRECTOR: Miss H Denton





REGISTERED OFFICE: Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE





REGISTERED NUMBER: 07310107 (England and Wales)





ACCOUNTANTS: Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE

AAA Taxis (GB) Limited (Registered number: 07310107)

Balance Sheet
31 August 2023

31/8/23 31/8/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,867 4,145
Tangible assets 5 105,829 59,638
108,696 63,783

CURRENT ASSETS
Debtors 6 429,719 909,444
Cash at bank 213,249 31,830
642,968 941,274
CREDITORS
Amounts falling due within one year 7 504,144 849,584
NET CURRENT ASSETS 138,824 91,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

247,520

155,473

PROVISIONS FOR LIABILITIES 6,236 13,181
NET ASSETS 241,284 142,292

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 11 241,184 142,192
SHAREHOLDERS' FUNDS 241,284 142,292

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

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

The director acknowledges her 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.

AAA Taxis (GB) Limited (Registered number: 07310107)

Balance Sheet - continued
31 August 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 20 August 2024 and were signed by:





Miss H Denton - Director


AAA Taxis (GB) Limited (Registered number: 07310107)

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

1. STATUTORY INFORMATION

AAA Taxis (GB) 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.

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.

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.
Fixtures and fittings - Straight line over 5 years
Motor vehicles - 25% on cost

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.

Goodwill
Acquired goodwill is written off in equal annual instalments over its estimated useful economic life.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2022 - 15 ) .

AAA Taxis (GB) Limited (Registered number: 07310107)

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

4. INTANGIBLE FIXED ASSETS
Patents
and
Goodwill licences Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 431,379 6,722 438,101
AMORTISATION
At 1 September 2022 431,379 2,577 433,956
Amortisation for year - 1,278 1,278
At 31 August 2023 431,379 3,855 435,234
NET BOOK VALUE
At 31 August 2023 - 2,867 2,867
At 31 August 2022 - 4,145 4,145

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1 September 2022 26,220 145,415 19,241 190,876
Additions - 71,600 - 71,600
At 31 August 2023 26,220 217,015 19,241 262,476
DEPRECIATION
At 1 September 2022 4,614 125,341 1,283 131,238
Charge for year 1,311 22,174 1,924 25,409
At 31 August 2023 5,925 147,515 3,207 156,647
NET BOOK VALUE
At 31 August 2023 20,295 69,500 16,034 105,829
At 31 August 2022 21,606 20,074 17,958 59,638

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Trade debtors 122,286 401,229
Amounts owed by group undertakings 194,326 442,548
Other debtors 113,107 65,667
429,719 909,444

AAA Taxis (GB) Limited (Registered number: 07310107)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/23 31/8/22
£    £   
Bank loans and overdrafts (see note 8) - 62,882
Trade creditors 13,922 13,813
Amounts owed to group undertakings 356,393 680,011
Taxation and social security 46,172 41,246
Other creditors 87,657 51,632
504,144 849,584

8. LOANS

An analysis of the maturity of loans is given below:

31/8/23 31/8/22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 62,882

9. SECURED DEBTS

The company created a debenture dated 19 July 2012 in favour of Gener8 Finance Limited to secure all monies due or to become due from the company to the chargee by a fixed and floating charge over the company's assets. Gener8 Finance Limited also hold a personal guarantee from the director.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/8/23 31/8/22
value: £    £   
100 Ordinary £1 100 100

11. RESERVES
Retained
earnings
£   

At 1 September 2022 142,192
Profit for the year 98,992
At 31 August 2023 241,184

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

13. ULTIMATE CONTROLLING PARTY

The controlling party is Elveria Holdings Ltd.

The ultimate controlling party is Mr Barry Denton.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
AAA Taxis (GB) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AAA Taxis (GB) Limited for the year ended 31 August 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of AAA Taxis (GB) Limited in accordance with the terms of our engagement letter dated 5 August 2013. Our work has been undertaken solely to prepare for your approval the financial statements of AAA Taxis (GB) Limited and state those matters that we have agreed to state to the director of AAA Taxis (GB) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AAA Taxis (GB) Limited and its director for our work or for this report.

It is your duty to ensure that AAA Taxis (GB) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AAA Taxis (GB) Limited. You consider that AAA Taxis (GB) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of AAA Taxis (GB) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cartwrights
Chartered Accountants and Business Advisors
Regency House
33 Wood Street
Barnet
Hertfordshire
EN5 4BE


20 August 2024