Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-301falsetrueProvision of hire cars2022-12-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1true 04691783 2022-12-01 2023-11-30 04691783 2021-12-01 2022-11-30 04691783 2023-11-30 04691783 2022-11-30 04691783 1 2022-12-01 2023-11-30 04691783 d:Director1 2022-12-01 2023-11-30 04691783 c:MotorVehicles 2022-12-01 2023-11-30 04691783 c:CurrentFinancialInstruments 2023-11-30 04691783 c:CurrentFinancialInstruments 2022-11-30 04691783 c:CurrentFinancialInstruments c:WithinOneYear 2023-11-30 04691783 c:CurrentFinancialInstruments c:WithinOneYear 2022-11-30 04691783 c:ShareCapital 2023-11-30 04691783 c:ShareCapital 2022-11-30 04691783 c:RetainedEarningsAccumulatedLosses 2023-11-30 04691783 c:RetainedEarningsAccumulatedLosses 2022-11-30 04691783 d:OrdinaryShareClass1 2022-12-01 2023-11-30 04691783 d:OrdinaryShareClass1 2023-11-30 04691783 d:OrdinaryShareClass1 2022-11-30 04691783 d:FRS102 2022-12-01 2023-11-30 04691783 d:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 04691783 d:FullAccounts 2022-12-01 2023-11-30 04691783 d:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 04691783 2 2022-12-01 2023-11-30 04691783 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04691783









LOAN CAB LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
LOAN CAB LIMITED
REGISTERED NUMBER: 04691783

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
6,214
8,765

Cash at bank and in hand
 5 
34,002
28,899

  
40,216
37,664

Creditors: amounts falling due within one year
 6 
(3,517)
(2,767)

Net current assets
  
 
 
36,699
 
 
34,897

Total assets less current liabilities
  
36,699
34,897

  

Net assets
  
36,699
34,897


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
36,599
34,797

  
36,699
34,897


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 August 2024.




A J Raynham
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
LOAN CAB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Loan Cab Limited is a private company limited by shares and incorporated in England and Wales within the United Kingdom. The registered office is The Warehouse, Convent Drive, Waterbeach, Cambridge, CB25 9QT.  The principal activity is to provide hire cars to the taxi industry.
The functional currency of the company is GBP and the financial statements are rounded to the nearest £.
The company ceased trading on 30 November 2022.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

On 30 November 2022 the company ceased trading and as a result the going concern concept is no longer applicable.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of hire vehicles supplied to drivers during the year. Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
33%
per annum

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 2

 
LOAN CAB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short term creditors are measured at the transaction price.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.9

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.10

Taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
 -  The recognition of deferred tax assets is limited to the extent that it is probable that they will    be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
 -  Any deferred tax balances are reversed if and when all conditions for retaining associated tax   allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 3

 
LOAN CAB LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Debtors

2023
2022
£
£


Other debtors
6,214
8,765



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
34,002
28,899



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other taxation and social security
750
-

Other creditors
567
567

Accruals and deferred income
2,200
2,200

3,517
2,767



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



8.


Related party transactions

During the year the company occupied premises rent free (2022 - rent free) at Waterbeach. The premises are owned by a director of the company.
During the year the company had a loan account balance outstanding with a director. The balance owed by the company to the director was £567 (2022: £567).
During the year dividends of £Nil (2022: £11,750) were paid to the director of the company.


9.


Post balance sheet events

Since the year end the company has paid interim dividends in respect of the year ended 30 November 2024 totalling £4,000.

Page 4