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Company Registration No. 7261683 (England and Wales)
ALI TAXI HIRE LTD Unaudited accounts for the year ended 31 May 2024
ALI TAXI HIRE LTD Unaudited accounts Contents
Page
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ALI TAXI HIRE LTD Company Information for the year ended 31 May 2024
Directors
SHOKAT ALI SAFEENA ALI
Company Number
7261683 (England and Wales)
Registered Office
93 Oxford Avenue SOUTHAMPTON SO14 0DP
Accountants
Rapid Accountants Ltd 348 Portswood Road, southampton England SO17 3SB
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ALI TAXI HIRE LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
21,909 
13,112 
Current assets
Cash at bank and in hand
13,507 
20,995 
Creditors: amounts falling due within one year
(63,103)
(58,438)
Net current liabilities
(49,596)
(37,443)
Total assets less current liabilities
(27,687)
(24,331)
Creditors: amounts falling due after more than one year
(3,232)
(7,292)
Net liabilities
(30,919)
(31,623)
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
(30,969)
(31,673)
Shareholders' funds
(30,919)
(31,623)
For the year ending 31 May 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by
SHOKAT ALI Director Company Registration No. 7261683
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ALI TAXI HIRE LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
ALI TAXI HIRE LTD is a private company, limited by shares, registered in England and Wales, registration number 7261683. The registered office is 93 Oxford Avenue, SOUTHAMPTON, SO14 0DP.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
10%
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
25%
Other tangible fixed assets
20%
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 June 2023
226,850 
Additions
34,500 
Disposals
(20,226)
At 31 May 2024
241,124 
Depreciation
At 1 June 2023
213,738 
Charge for the year
5,477 
At 31 May 2024
219,215 
Net book value
At 31 May 2024
21,909 
At 31 May 2023
13,112 
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ALI TAXI HIRE LTD Notes to the Accounts for the year ended 31 May 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,748 
3,436 
Trade creditors
9,839 
- 
Taxes and social security
584 
- 
Loans from directors
48,332 
54,502 
Accruals
600 
500 
63,103 
58,438 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,232 
7,292 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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