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Registered Number: 06002963


 

 

 

SWAN TAXIS CLACTON LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 December 2022

End date: 30 November 2023
Director Michael Shelley
Registered Number 06002963
Registered Office 11 Rosemary Road
Clacton On Sea
Essex
CO15 1NZ
Accountants BARRIE INGRAM ACCOUNTS LTD
69 Endsleigh Court
Lexden
Colchester
CO3 3QW
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 30 November 2023.
Principal activities
Principal activity of the company during the financial year was of Taxi operational Services
Director
The director who served the company throughout the year was as follows:
Michael Shelley
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.


----------------------------------
Michael Shelley
Director

Date approved: 30 August 2024
2
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
BARRIE INGRAM ACCOUNTS LTD
30 November 2023



BARRIE INGRAM ACCOUNTS LTD

69 Endsleigh Court
Lexden
Colchester
CO3 3QW
30 August 2024
3
 
 
Notes
 
2023
£
  2022
£
Turnover 113,006    132,381 
Cost of sales (109,080)   (90,279)
Gross profit 3,926    42,102 
Administrative expenses (61,777)   (72,684)
Other operating income 60,424   
Operating profit/(loss) 2,573    (30,582)
Interest payable and similar charges (2,284)   (1,180)
Profit/(Loss) on ordinary activities before taxation 289    (31,762)
Tax on profit on ordinary activities (6,263)   (1,885)
Profit/(Loss) for the financial year (5,974)   (33,647)
 
4
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 4,272    5,235 
4,272    5,235 
Current assets      
Debtors 4 3,500   
Cash at bank and in hand 26,113    34,014 
29,613    34,014 
Creditors: amount falling due within one year 5 (59,652)   (66,695)
Net current assets (30,039)   (32,681)
 
Total assets less current liabilities (25,767)   (27,446)
Creditors: amount falling due after more than one year 6 (18,145)   (10,357)
Provisions for liabilities 7 (5,949)   (6,084)
Net assets (49,861)   (43,887)
 

Capital and reserves
     
Called up share capital 20    20 
Profit and loss account (49,881)   (43,907)
Shareholders' funds (49,861)   (43,887)
 


For the year ended 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 30 August 2024 and were signed by:


-------------------------------
Michael Shelley
Director
5
  Equity share capital   Retained Earnings   Total
£ £ £
At 01 December 2021 20  (8,260) (8,240)
Profit for the year (33,647) (33,647)
Total comprehensive income for the year (33,647) (33,647)
Dividends (2,000) (2,000)
Total investments by and distributions to owners (2,000) (2,000)
At 30 November 2022 20  (43,907) (43,887)
At 01 December 2022 20  (43,907) (43,887)
Profit for the year (5,974) (5,974)
Total comprehensive income for the year (5,974) (5,974)
Total investments by and distributions to owners
At 30 November 2023 20  (49,881) (49,861)
6
General Information
SWAN TAXIS CLACTON LTD is a private company, limited by shares, registered in , registration number 06002963, registration address 11 Rosemary Road, Clacton On Sea, Essex, CO15 1NZ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of any rental payment is charged to the income statement on a straight line basis. Hire purchase interest has been charged to the Profit and Loss account with amounts due accounted for in the creditors within and more than one year accordingly. 
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 5 Straight Line
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 4 (2022 : 4).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 01 December 2022 353,140    353,140 
Additions 42,960    42,960 
Disposals 6,600    6,600 
At 30 November 2023 402,700    402,700 
Depreciation
At 01 December 2022 346,405    346,405 
Charge for year 52,023    52,023 
On disposals  
At 30 November 2023 398,428    398,428 
Net book values
Closing balance as at 30 November 2023 4,272    4,272 
Opening balance as at 01 December 2022 5,235    5,235 


4.

Debtors: amounts falling due after one year

2023
£
  2022
£
Directors Loan Accounts 3,500   
3,500   

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Corporation Tax 4,561    48 
Accrued Expenses 35,891    56,312 
Other Creditors (1)  
Obligations under HP/Financial Leases 17,112    7,838 
VAT 2,089    2,497 
59,652    66,695 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Obligations Under HP/Financial Leases 18,145    10,357 
18,145    10,357 

7.

Provisions for liabilities

2023
£
  2022
£
Deferred Tax 4,247    4,247 
Charged to Profit & Loss 1,702    1,837 
5,949    6,084 

7