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REGISTERED NUMBER: 05746450 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2024

for

The Taxi Centre (Derbyshire) Limited

The Taxi Centre (Derbyshire) Limited (Registered number: 05746450)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Taxi Centre (Derbyshire) Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: Mrs S V Connolly
J D Connolly





REGISTERED OFFICE: 146 Nottingham Road
Alfreton
Derbyshire
DE55 7FP





REGISTERED NUMBER: 05746450 (England and Wales)





ACCOUNTANTS: Pedley & Co.
82 Nottingham Road
Somercotes
Alfreton
Derbyshire
DE55 4LY

The Taxi Centre (Derbyshire) Limited (Registered number: 05746450)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 569,592 223,941

CURRENT ASSETS
Debtors 5 21,098 5,862
Cash at bank and in hand 111,490 17,408
132,588 23,270
CREDITORS
Amounts falling due within one year 6 452,439 204,671
NET CURRENT LIABILITIES (319,851 ) (181,401 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

249,741

42,540

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 249,738 42,537
SHAREHOLDERS' FUNDS 249,741 42,540

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 16 October 2024 and were signed on its behalf by:





J D Connolly - Director


The Taxi Centre (Derbyshire) Limited (Registered number: 05746450)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

The Taxi Centre (Derbyshire) 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.
Motor vehicles - 25% on reducing balance
Computer equipment - 10% on reducing balance

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 42 (2023 - 35 ) .

The Taxi Centre (Derbyshire) Limited (Registered number: 05746450)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 36,695 413,845 4,591 455,131
Additions 4,377 527,413 2,905 534,695
Disposals - (62,600 ) - (62,600 )
At 31 March 2024 41,072 878,658 7,496 927,226
DEPRECIATION
At 1 April 2023 16,003 214,069 1,118 231,190
Charge for year 5,014 158,367 638 164,019
Eliminated on disposal - (37,575 ) - (37,575 )
At 31 March 2024 21,017 334,861 1,756 357,634
NET BOOK VALUE
At 31 March 2024 20,055 543,797 5,740 569,592
At 31 March 2023 20,692 199,776 3,473 223,941

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,223 5,742
Other debtors 19,875 120
21,098 5,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 35,655 67,040
Hire purchase contracts 242,344 40,543
Trade creditors 3,290 84,513
Taxation and social security 6,749 11,238
Other creditors 164,401 1,337
452,439 204,671