Maitaxi Ltd 12204934 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is that of point of sale agents for taxi drivers. Digita Accounts Production Advanced 6.30.9574.0 true true 12204934 2023-01-01 2023-12-31 12204934 2023-12-31 12204934 bus:OrdinaryShareClass1 2023-12-31 12204934 core:CurrentFinancialInstruments 2023-12-31 12204934 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12204934 core:Non-currentFinancialInstruments 2023-12-31 12204934 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 12204934 core:FurnitureFittingsToolsEquipment 2023-12-31 12204934 bus:SmallEntities 2023-01-01 2023-12-31 12204934 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12204934 bus:FilletedAccounts 2023-01-01 2023-12-31 12204934 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12204934 bus:RegisteredOffice 2023-01-01 2023-12-31 12204934 bus:Director1 2023-01-01 2023-12-31 12204934 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 12204934 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12204934 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 12204934 core:OfficeEquipment 2023-01-01 2023-12-31 12204934 countries:AllCountries 2023-01-01 2023-12-31 12204934 2022-12-31 12204934 core:FurnitureFittingsToolsEquipment 2022-12-31 12204934 2022-01-01 2022-12-31 12204934 2022-12-31 12204934 bus:OrdinaryShareClass1 2022-12-31 12204934 core:CurrentFinancialInstruments 2022-12-31 12204934 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 12204934 core:Non-currentFinancialInstruments 2022-12-31 12204934 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 12204934 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 12204934

Maitaxi Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Maitaxi Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Maitaxi Ltd

Company Information

Director

Mr A Iyow

Registered office

Unit 1
103 Uxbridge Road
London
W12 8LN

Accountants

SK Accountants
53 Hurstdene Avenue
Staines-Upon-Thames
Surrey
TW18 1JG

 

Maitaxi Ltd

(Registration number: 12204934)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

5,325

6,000

Current assets

 

Debtors

5

14,984

19,356

Cash at bank and in hand

 

37,997

26,744

 

52,981

46,100

Creditors: Amounts falling due within one year

6

(4,130)

(3,048)

Net current assets

 

48,851

43,052

Total assets less current liabilities

 

54,176

49,052

Creditors: Amounts falling due after more than one year

6

(26,389)

(35,022)

Net assets

 

27,787

14,030

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

27,687

13,930

Shareholders' funds

 

27,787

14,030

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 23 September 2024
 

.........................................
Mr A Iyow
Director

 

Maitaxi Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 1
103 Uxbridge Road
London
W12 8LN
United Kingdom

These financial statements were authorised for issue by the director on 23 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Maitaxi Ltd

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

Straight line - 20%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 1).

 

Maitaxi Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

10,000

10,000

Additions

1,656

1,656

At 31 December 2023

11,656

11,656

Depreciation

At 1 January 2023

4,000

4,000

Charge for the year

2,331

2,331

At 31 December 2023

6,331

6,331

Carrying amount

At 31 December 2023

5,325

5,325

At 31 December 2022

6,000

6,000

5

Debtors

Current

2023
£

2022
£

Other debtors

14,984

19,356

 

14,984

19,356

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

4,130

3,048

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

26,389

35,022

7

Share capital

Allotted, called up and fully paid shares

 

Maitaxi Ltd

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

2023

2022

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

26,389

35,022