Registered number
11104607
NVK TAXIS LTD
Filleted Accounts
31 December 2023
NVK TAXIS LTD
Registered number: 11104607
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 90,040 105,030
Current assets
Debtors 4 9,709 13,553
Cash at bank and in hand 18,774 13,217
28,483 26,770
Creditors: amounts falling due within one year 5 (45,291) (43,383)
Net current liabilities (16,808) (16,613)
Total assets less current liabilities 73,232 88,417
Creditors: amounts falling due after more than one year 6 (50,188) (72,750)
Net assets 23,044 15,667
Capital and reserves
Called up share capital 300 300
Profit and loss account 22,744 15,367
Shareholders' funds 23,044 15,667
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Nicolas Koumallou
Director
Approved by the board on 30 August 2024
NVK TAXIS LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 170,150
Additions 23,800
At 31 December 2023 193,950
Depreciation
At 1 January 2023 65,120
Charge for the year 38,790
At 31 December 2023 103,910
Net book value
At 31 December 2023 90,040
At 31 December 2022 105,030
4 Debtors 2023 2022
£ £
Trade debtors 8,918 5,354
Other debtors 791 8,199
9,709 13,553
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 2,600 2,600
Obligations under finance lease and hire purchase contracts 38,402 37,158
Trade creditors 2,975 3,061
Taxation and social security costs - 8
Other creditors 1,314 556
45,291 43,383
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 3,900 6,500
Obligations under finance lease and hire purchase contracts 46,288 66,250
50,188 72,750
7 Controlling party
The company was under the ultimate control of its director by virtue of his ownership, together with associates, of the company’s entire issued share capital.
8 Other information
NVK TAXIS LTD is a private company limited by shares and incorporated in England. Its registered office is:
2a-3 Stock Orchard Street
Holloway
London
N7 9RW
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