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REGISTERED NUMBER: 04133377 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

UNITED TAXIS (CONTRACTS) LTD

UNITED TAXIS (CONTRACTS) LTD (REGISTERED NUMBER: 04133377)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 7

UNITED TAXIS (CONTRACTS) LTD

Company Information
for the Year Ended 31 March 2024







Directors: M Wilson
C S Wilson





Secretary: C S Wilson





Registered office: 43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH





Registered number: 04133377 (England and Wales)





Accountants: Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH

UNITED TAXIS (CONTRACTS) LTD (REGISTERED NUMBER: 04133377)

Abridged Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
Fixed assets
Tangible assets 4 57,941 72,326

Current assets
Stocks 847 951
Debtors 83,376 79,372
Cash at bank and in hand 388 26,029
84,611 106,352
Creditors
Amounts falling due within one year 40,230 38,411
Net current assets 44,381 67,941
Total assets less current liabilities 102,322 140,267

Creditors
Amounts falling due after more than one
year

5

25,091

41,379
Net assets 77,231 98,888

Capital and reserves
Called up share capital 10,300 10,300
Retained earnings 66,931 88,588
Shareholders' funds 77,231 98,888

UNITED TAXIS (CONTRACTS) LTD (REGISTERED NUMBER: 04133377)

Abridged Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement and an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





M Wilson - Director


UNITED TAXIS (CONTRACTS) LTD (REGISTERED NUMBER: 04133377)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

United Taxis (Contracts) 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.

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.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax.

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 - 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

UNITED TAXIS (CONTRACTS) LTD (REGISTERED NUMBER: 04133377)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 266,511
Additions 8,872
Disposals (11,613 )
At 31 March 2024 263,770
DEPRECIATION
At 1 April 2023 194,185
Charge for year 16,816
Eliminated on disposal (5,172 )
At 31 March 2024 205,829
NET BOOK VALUE
At 31 March 2024 57,941
At 31 March 2023 72,326

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31/3/24 31/3/23
£    £   
Repayable by instalments
Bank loans more than 5 years 4,356 21,424

6. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 41,053 55,399

The bank loans are secured on assets held by the directors.

UNITED TAXIS (CONTRACTS) LTD (REGISTERED NUMBER: 04133377)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31/3/24 31/3/23
£    £   
M Wilson and C S Wilson
Balance outstanding at start of year - -
Amounts advanced - 445
Amounts repaid - (445 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

The above loan is interest free and repayable on demand.

Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
United Taxis (Contracts) Ltd

The following reproduces the text of the report prepared for the directors 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 Abridged Income Statement and certain other primary statements and the Report of the Directors 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 United Taxis (Contracts) Ltd for the year ended 31 March 2024 which comprise the Abridged Income Statement, Abridged 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of United Taxis (Contracts) Ltd, as a body, in accordance with the terms of our engagement letter dated 12 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of United Taxis (Contracts) Ltd and state those matters that we have agreed to state to the Board of Directors of United Taxis (Contracts) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that United Taxis (Contracts) Ltd 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 loss of United Taxis (Contracts) Ltd. You consider that United Taxis (Contracts) Ltd 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 United Taxis (Contracts) Ltd. 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.






Mitchell Gordon LLP
43 Coniscliffe Road
Darlington
Co. Durham
DL3 7EH


13 August 2024