Tower Cabs Limited 06461265 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is a private hire taxi operator which obtains contracts that are allocated to self-employed drivers Digita Accounts Production Advanced 6.30.9574.0 true 06461265 2023-01-01 2023-12-31 06461265 2023-12-31 06461265 core:CurrentFinancialInstruments 2023-12-31 06461265 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06461265 core:OtherRelatedParties 2023-12-31 06461265 bus:SmallEntities 2023-01-01 2023-12-31 06461265 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 06461265 bus:FilletedAccounts 2023-01-01 2023-12-31 06461265 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 06461265 bus:RegisteredOffice 2023-01-01 2023-12-31 06461265 bus:Director3 2023-01-01 2023-12-31 06461265 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06461265 core:OtherRelatedParties 2023-01-01 2023-12-31 06461265 countries:AllCountries 2023-01-01 2023-12-31 06461265 2022-01-01 2022-12-31 06461265 2022-12-31 06461265 core:CurrentFinancialInstruments 2022-12-31 06461265 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 06461265 core:OtherRelatedParties 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 06461265

Tower Cabs Limited

Unaudited Filleted Financial Statements

31 December 2023

 

Tower Cabs Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Tower Cabs Limited

(Registration number: 06461265)
Statement of Financial Position as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

20,000

20,000

Capital and reserves

 

Called up share capital

10,000

10,000

Capital redemption reserve

10,000

10,000

Shareholders' funds

 

20,000

20,000

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.

Directors' 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 directors acknowledge their 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 directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 30 October 2024 and signed on its behalf by:
 


Mr P Bresland
Director

 

Tower Cabs Limited

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 and Wales..

The address of its registered office is:
Take Me Finance Office
Ashby Road
Rutland Lodge
Loughborough
LE11 3TR
England

Principal activity

Tower Cabs Limited is a dormant company.

2

Accounting policies

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

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Tower Cabs Limited

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

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Debtors

Note

2023
£

2022
£

Amounts owed by related parties

6

20,000

20,000

 

20,000

20,000

5

Reserves

Capital redemption reserve:
This reserve records the nominal value of shares repurchased by the company. This reserve is undistributable.

Profit and loss account:

This reserve records retained earnings and accumulated losses.

 

Tower Cabs Limited

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

6

Related party transactions

Summary of transactions with other related parties

During the year the company entered into the following transactions with related parties:
 

Income and receivables from related parties

2022

Balance owed by/(owed to)
£

Take Me (Plymouth) Ltd

20,000

2023

Balance owed by/(owed to)
£

Take Me (Plymouth) Ltd

20,000

Expenditure with and payables to related parties

2022

Transaction value
£

Take Me (Plymouth) Ltd

463,263