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REGISTERED NUMBER: 08950563 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Radar Taxis Limited

Radar Taxis Limited (Registered number: 08950563)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Radar Taxis Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E King
A E Lane
R Mason





REGISTERED OFFICE: 6 Nile Street
North Shields
Tyne and Wear
NE29 0BE





REGISTERED NUMBER: 08950563 (England and Wales)





ACCOUNTANTS: Essell Accountants Limited
29 Howard Street
North Shields
Tyne and Wear
NE30 1AR

Radar Taxis Limited (Registered number: 08950563)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 840,118 632,852

CURRENT ASSETS
Debtors 5 69,224 92,643
Cash at bank and in hand 48,127 68,696
117,351 161,339
CREDITORS
Amounts falling due within one year 6 225,999 218,096
NET CURRENT LIABILITIES (108,648 ) (56,757 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,470

576,095

CREDITORS
Amounts falling due after more than one
year

7

435,927

337,451
NET ASSETS 295,543 238,644

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 295,533 238,634
SHAREHOLDERS' FUNDS 295,543 238,644

Radar Taxis Limited (Registered number: 08950563)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





E King - Director


Radar Taxis Limited (Registered number: 08950563)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Radar Taxis Limited is a private company, limited by shares , registered in England and Wales. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance and 10% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 12 ) .

Radar Taxis Limited (Registered number: 08950563)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 100,000 756,620 856,620
Additions - 344,744 344,744
Disposals - (9,400 ) (9,400 )
At 31 March 2024 100,000 1,091,964 1,191,964
DEPRECIATION
At 1 April 2023 - 223,768 223,768
Charge for year - 131,462 131,462
Eliminated on disposal - (3,384 ) (3,384 )
At 31 March 2024 - 351,846 351,846
NET BOOK VALUE
At 31 March 2024 100,000 740,118 840,118
At 31 March 2023 100,000 532,852 632,852

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Trade debtors 11,000 11,000
Other debtors 58,224 81,643
69,224 92,643

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 179,786 150,487
Taxation and social security 44,834 65,109
Other creditors 1,379 2,500
225,999 218,096

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Hire purchase contracts 412,927 304,451
Other creditors 23,000 33,000
435,927 337,451