STATION TAXIS (SUNDERLAND) LIMITED

Company Registration Number:
01958500 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

STATION TAXIS (SUNDERLAND) LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

STATION TAXIS (SUNDERLAND) LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 44,525 44,525
Tangible assets: 4 526,766 544,256
Total fixed assets: 571,291 588,781
Current assets
Debtors: 5 123,104 116,554
Cash at bank and in hand: 755,725 649,688
Total current assets: 878,829 766,242
Creditors: amounts falling due within one year: 6 (258,514) (243,535)
Net current assets (liabilities): 620,315 522,707
Total assets less current liabilities: 1,191,606 1,111,488
Total net assets (liabilities): 1,191,606 1,111,488
Capital and reserves
Called up share capital: 416,925 416,925
Share premium account: 102,000 102,000
Profit and loss account: 672,681 592,563
Shareholders funds: 1,191,606 1,111,488

The notes form part of these financial statements

STATION TAXIS (SUNDERLAND) LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 18 July 2024
and signed on behalf of the board by:

Name: T HINES
Status: Director

The notes form part of these financial statements

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable and represents goods supplied or services rendered, stated net of Value Added Tax. Turnover is reduced for estimated customer returns, rebates and similar allowances. Turnover from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets and depreciation policy

Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life: Office equipment and fittings - 15% reducing balance No depreciation is provided on freehold land,

Valuation and information policy

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Other accounting policies

Leased Assets - Rents applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the lease term. Assets held under finance leases and hire purchases 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. Pension Costs - Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account in the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 25 26

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 44,525
At 31 March 2024 44,525
Net book value
At 31 March 2024 44,525
At 31 March 2023 44,525

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 1,384,677
Additions 2,901
At 31 March 2024 1,387,578
Depreciation
At 01 April 2023 840,421
Charge for year 20,391
At 31 March 2024 860,812
Net book value
At 31 March 2024 526,766
At 31 March 2023 544,256

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

STATION TAXIS (SUNDERLAND) LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

Corporation Tax - 47,784 Other taxation and social security - 88,431 Other - 19,357 Accruals and deferred income - 102,942