Registered number
09296146
UNIQUE TAXIS SERVICE LIMITED
Filleted Accounts
30 November 2023
UNIQUE TAXIS SERVICE LIMITED
Registered number: 09296146
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 30,067 16,340
30,067 16,340
Current assets
Debtors 4 138,854 142,545
Cash at bank and in hand 285 293
139,139 142,838
Creditors: amounts falling due within one year 5 (44,840) (49,512)
Net current assets 94,299 93,326
Total assets less current liabilities 124,366 109,666
Creditors: amounts falling due after more than one year 6 (35,400) (43,282)
Net assets 88,966 66,384
Capital and reserves
Called up share capital 2 2
Profit and loss account 88,964 66,382
Shareholder's funds 88,966 66,384
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Zahedul Islam
Director
Approved by the board on 20 August 2024
UNIQUE TAXIS SERVICE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 5 5
3 Tangible fixed assets
Motor vehicles Total
£ £
Cost
At 1 December 2022 65,344 65,344
Additions 30,829 30,829
At 30 November 2023 96,173 96,173
Depreciation
At 1 December 2022 49,004 49,004
Charge for the year 17,102 17,102
At 30 November 2023 66,106 66,106
Net book value
At 30 November 2023 30,067 30,067
At 30 November 2022 16,340 16,340
4 Debtors 2023 2022
£ £
Other debtors 138,704 142,545
138,854 142,545
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 25,220 39,433
Other creditors 5,944 10,079
44,840 49,512
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 35,400 43,282
35,400 43,282
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