Company Registration No. 08203258 (England and Wales)
Tir Y Dail Taxies Ltd
Unaudited accounts
for the year ended 30 June 2023
Tir Y Dail Taxies Ltd
Unaudited accounts
Contents
Tir Y Dail Taxies Ltd
Company Information
for the year ended 30 June 2023
Company Number
08203258 (England and Wales)
Registered Office
110 College Street
Ammanford
Carmarthenshire
SA18 2BR
Tir Y Dail Taxies Ltd
Statement of financial position
as at 30 June 2023
Tangible assets
438,184
364,532
Investment property
44,984
44,984
Cash at bank and in hand
324,422
284,982
Creditors: amounts falling due within one year
(166,880)
(183,442)
Net current assets
314,365
261,160
Total assets less current liabilities
829,020
702,163
Creditors: amounts falling due after more than one year
(34,207)
(35,249)
Provisions for liabilities
Deferred tax
(52,447)
(56,944)
Net assets
742,366
609,970
Called up share capital
1
1
Profit and loss account
742,365
609,969
Shareholders' funds
742,366
609,970
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 June 2024 and were signed on its behalf by
M D Jones
Director
Company Registration No. 08203258
Tir Y Dail Taxies Ltd
Notes to the Accounts
for the year ended 30 June 2023
Tir Y Dail Taxies Ltd is a private company, limited by shares, registered in England and Wales, registration number 08203258. The registered office is 110 College Street, Ammanford, Carmarthenshire, SA18 2BR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Other tangible fixed assets
5% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tir Y Dail Taxies Ltd
Notes to the Accounts
for the year ended 30 June 2023
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
25,485
66,134
570,434
662,053
Additions
-
16,368
149,010
165,378
Disposals
-
-
(17,200)
(17,200)
At 30 June 2023
25,485
82,502
702,244
810,231
At 1 July 2022
-
31,160
266,361
297,521
Charge for the year
-
10,268
65,118
75,386
On disposals
-
-
(860)
(860)
At 30 June 2023
-
41,428
330,619
372,047
At 30 June 2023
25,485
41,074
371,625
438,184
At 30 June 2022
25,485
34,974
304,073
364,532
Fair value at 1 July 2022
44,984
6
Investments
Other investments
Valuation at 1 July 2022
31,487
Valuation at 30 June 2023
31,487
Amounts falling due within one year
Trade debtors
128,723
159,458
Amounts falling due after more than one year
Tir Y Dail Taxies Ltd
Notes to the Accounts
for the year ended 30 June 2023
8
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
6,552
9,192
Obligations under finance leases and hire purchase contracts
20,603
20,502
Trade creditors
20,297
12,220
Taxes and social security
106,899
86,931
9
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
21,681
17,452
Loans from directors
1,078
1,576
10
Average number of employees
During the year the average number of employees was 50 (2022: 53).