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REGISTERED NUMBER: 02802320 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Miracle Taxis Limited

Miracle Taxis Limited (Registered number: 02802320)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Miracle Taxis Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J C Purvis





SECRETARY: Mrs S O'Conner





REGISTERED OFFICE: Unit 10
The Portman Centre
Loverock Road
Reading
Berkshire
RG30 1DZ





REGISTERED NUMBER: 02802320 (England and Wales)





ACCOUNTANTS: J A Lawrence
20 Garth Square
Bracknell
Berkshire
RG42 2HA

Miracle Taxis Limited (Registered number: 02802320)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 11,705 23,410
Tangible assets 5 193,567 159,921
205,272 183,331

CURRENT ASSETS
Debtors 6 55,702 206,569
Investments 7 1,409 1,409
Cash at bank 356,952 292,987
414,063 500,965
CREDITORS
Amounts falling due within one year 8 78,874 68,546
NET CURRENT ASSETS 335,189 432,419
TOTAL ASSETS LESS CURRENT
LIABILITIES

540,461

615,750

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 540,459 615,748
SHAREHOLDERS' FUNDS 540,461 615,750

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 director acknowledges his 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.

Miracle Taxis Limited (Registered number: 02802320)

Balance Sheet - continued
31 March 2024


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 and authorised for issue by the director and authorised for issue on 22 August 2024 and were signed by:





J C Purvis - Director


Miracle Taxis Limited (Registered number: 02802320)

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

1. STATUTORY INFORMATION

Miracle Taxis 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 represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Goodwill
Goodwill is being amortised over 10 years.

Intangible assets
Leasehold is being amortised over 100 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 - 25% on reducing balance and Straight line over 10 years
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Miracle Taxis Limited (Registered number: 02802320)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 117,050
AMORTISATION
At 1 April 2023 93,640
Charge for year 11,705
At 31 March 2024 105,345
NET BOOK VALUE
At 31 March 2024 11,705
At 31 March 2023 23,410

5. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 122,933 72,914 103,423 299,270
Additions - 2,757 63,393 66,150
Disposals - - (12,792 ) (12,792 )
At 31 March 2024 122,933 75,671 154,024 352,628
DEPRECIATION
At 1 April 2023 9,832 65,664 63,853 139,349
Charge for year 1,229 2,502 24,728 28,459
Eliminated on disposal - - (8,747 ) (8,747 )
At 31 March 2024 11,061 68,166 79,834 159,061
NET BOOK VALUE
At 31 March 2024 111,872 7,505 74,190 193,567
At 31 March 2023 113,101 7,250 39,570 159,921

Miracle Taxis Limited (Registered number: 02802320)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 27,993 34,643
Other debtors 27,709 171,926
55,702 206,569

7. CURRENT ASSET INVESTMENTS
31.3.24 31.3.23
£    £   
Unlisted investments 1,409 1,409

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 11,888 4,595
Other creditors 66,986 63,951
78,874 68,546

9. RELATED PARTY DISCLOSURES

At 31 March 2024 Mr J Purvis, the company director, was owed by the company £201 (2023: £118299 owed by Mr J Purvis to the company).

.

10. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr J C Purvis who is the only director and shareholder of the company.

Miracle Taxis Limited

Report of the Accountants to the Director of
Miracle Taxis 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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J A Lawrence
20 Garth Square
Bracknell
Berkshire
RG42 2HA


22 August 2024