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REGISTERED NUMBER: SC033590 (Scotland)















Financial Statements

for the Year Ended

31st December 2023

for

Tele Taxis (Dundee) Limited

Tele Taxis (Dundee) Limited (Registered number: SC033590)






Contents of the Financial Statements
for the Year Ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Tele Taxis (Dundee) Limited

Company Information
for the Year Ended 31st December 2023







DIRECTOR: Mrs J M Mcgouldrick





SECRETARY: Mrs J M Mcgouldrick





REGISTERED OFFICE: Balgray Place
Dundee
Angus
DD3 8SH





REGISTERED NUMBER: SC033590 (Scotland)





ACCOUNTANTS: AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB

Tele Taxis (Dundee) Limited (Registered number: SC033590)

Balance Sheet
31st December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 156,752 186,559
156,752 186,559

CURRENT ASSETS
Debtors 6 2,714,382 2,716,234
Cash at bank and in hand 431,628 545,554
3,146,010 3,261,788
CREDITORS
Amounts falling due within one year 7 1,042,007 1,075,463
NET CURRENT ASSETS 2,104,003 2,186,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,260,755

2,372,884

CREDITORS
Amounts falling due after more than one
year

8

145,275

186,219
NET ASSETS 2,115,480 2,186,665

CAPITAL AND RESERVES
Called up share capital 1,414 1,414
Share premium 85,460 85,460
Capital redemption reserve 455 455
Retained earnings 2,028,151 2,099,336
SHAREHOLDERS' FUNDS 2,115,480 2,186,665

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Tele Taxis (Dundee) Limited (Registered number: SC033590)

Balance Sheet - continued
31st December 2023


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 by the director and authorised for issue on 17th September 2024 and were signed by:





Mrs J M Mcgouldrick - Director


Tele Taxis (Dundee) Limited (Registered number: SC033590)

Notes to the Financial Statements
for the Year Ended 31st December 2023

1. STATUTORY INFORMATION

Tele Taxis (Dundee) Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 10, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost and 2% on cost
Plant and machinery etc - 33% on cost, 25% on cost and Straight line over 5 years

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.

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.

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.

Tele Taxis (Dundee) Limited (Registered number: SC033590)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 35 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 688,500
AMORTISATION
At 1st January 2023
and 31st December 2023 688,500
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st January 2023 219,965 487,314 20,000 727,279
Additions - 6,134 - 6,134
At 31st December 2023 219,965 493,448 20,000 733,413
DEPRECIATION
At 1st January 2023 97,581 427,584 15,555 540,720
Charge for year 5,521 25,975 4,445 35,941
At 31st December 2023 103,102 453,559 20,000 576,661
NET BOOK VALUE
At 31st December 2023 116,863 39,889 - 156,752
At 31st December 2022 122,384 59,730 4,445 186,559

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 236,679 299,014
Other debtors 2,477,703 2,417,220
2,714,382 2,716,234

Tele Taxis (Dundee) Limited (Registered number: SC033590)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 60,463 47,963
Hire purchase contracts - 3,933
Trade creditors 627,462 646,870
Taxation and social security 175,612 255,246
Other creditors 178,470 121,451
1,042,007 1,075,463

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 145,275 181,055
Hire purchase contracts - 5,164
145,275 186,219

9. RELATED PARTY DISCLOSURES

During the current and previous financial periods, the company has paid costs on behalf of, and advanced funds to its immediate parent company, Bellshelf (Ninety Seven) Limited. At the year end, a balance of £1,629,874 (2022 - £1,629,874) was receivable from Bellshelf (Ninety Seven) Limited. This balance is repayable on demand, does not attract interest, and is disclosed in Debtors.

Also, during the current and previous year, the company has made payments on behalf of Bellshelf (Ninety Eight) Limited. Bellshelf (Ninety Eight) Limited owns 100% of the issued share capital of Bellshelf (Ninety Seven) Limited and is considered to be the ultimate parent company. At the year end, a balance of £665,405 (2022 - £665,405) was receivable from Bellshelf (Ninety Eight) Limited. This balance is repayable on demand, does not attract interest and is disclosed in Debtors.

Also, during the current the company has made payments on behalf of Tele Taxis Holdings Limited. Tele Taxis Holdings Limited owns 100% of the issued share capital of Bellshelf (Ninety Eight) Limited and is considered to be the ultimate parent company. At the year end, a balance of £21,298 was receivable from Tele Taxis Holdings Limited. This balance is repayable on demand, does not attract interest and is disclosed in Debtors.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs J M Mcgouldrick.

The company was under the control of its directors throughout the current and previous year.

The directors are considered to be the ultimate controlling parties due to their beneficial ownership interests in the immediate parent company, Bellshelf (Ninety Seven) Limited, and in the ultimate parent company Bellshelf (Ninety Eight) Limited, both of which are companies registered in Scotland.

The address of t he immediate and ultimate parent companies' registered office is Stannergate House, 41 Dundee Road West, Broughty Ferry, Dundee, DD5 1NB.

Chartered Certified Accountants' Report to the Director
on the Unaudited Financial Statements of
Tele Taxis (Dundee) 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tele Taxis (Dundee) Limited for the year ended 31st December 2023 which comprise the Income Statement, 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 director of Tele Taxis (Dundee) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tele Taxis (Dundee) Limited and state those matters that we have agreed to state to the director of Tele Taxis (Dundee) Limited 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 director for our work or for this report.

It is your duty to ensure that Tele Taxis (Dundee) Limited 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 profit of Tele Taxis (Dundee) Limited. You consider that Tele Taxis (Dundee) Limited 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 Tele Taxis (Dundee) Limited. 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.






AWH
Chartered Certified Accountants
Fort Street House
63 Fort Street
Broughty Ferry
Dundee
Angus
DD5 2AB


17th September 2024