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REGISTERED NUMBER: 04059667 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 29 February 2024

for

BIRMINGHAM CAB COMPANY LIMITED

BIRMINGHAM CAB COMPANY LIMITED (REGISTERED NUMBER: 04059667)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BIRMINGHAM CAB COMPANY LIMITED

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Jabraj Mukesh
Satish Lal Kumar
Rakesh Kumar





SECRETARY: Satish Lal Kumar





REGISTERED OFFICE: 69 Musgrave Road
Hockley
Birmingham
West Midlands
B18 5HH





REGISTERED NUMBER: 04059667 (England and Wales)





ACCOUNTANTS: Brindleys Limited
Chartered Accountants
2 Wheeleys Road
Edgbaston
Birmingham
B15 2LD

BIRMINGHAM CAB COMPANY LIMITED (REGISTERED NUMBER: 04059667)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,775 8,125
Tangible assets 5 3,939 8,658
6,714 16,783

CURRENT ASSETS
Stocks 6 24,370 60,147
Debtors 7 199,555 187,993
Cash at bank 132 115
224,057 248,255
CREDITORS
Amounts falling due within one year 8 492,886 493,643
NET CURRENT LIABILITIES (268,829 ) (245,388 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(262,115

)

(228,605

)

CAPITAL AND RESERVES
Called up share capital 10 3 3
Retained earnings 11 (262,118 ) (228,608 )
SHAREHOLDERS' FUNDS (262,115 ) (228,605 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

BIRMINGHAM CAB COMPANY LIMITED (REGISTERED NUMBER: 04059667)

Statement of Financial Position - continued
29 February 2024


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 8 November 2024 and were signed on its behalf by:





Rakesh Kumar - Director


BIRMINGHAM CAB COMPANY LIMITED (REGISTERED NUMBER: 04059667)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Birmingham Cab Company 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 15% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BIRMINGHAM CAB COMPANY LIMITED (REGISTERED NUMBER: 04059667)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued

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.

Holiday pay
Holiday pay is recognised as an expense in the period in which the service is received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 107,000
AMORTISATION
At 1 March 2023 98,875
Amortisation for year 5,350
At 29 February 2024 104,225
NET BOOK VALUE
At 29 February 2024 2,775
At 28 February 2023 8,125

BIRMINGHAM CAB COMPANY LIMITED (REGISTERED NUMBER: 04059667)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 7,651 68,191 23,872 99,714
Disposals - - (10,701 ) (10,701 )
At 29 February 2024 7,651 68,191 13,171 89,013
DEPRECIATION
At 1 March 2023 7,354 64,593 19,109 91,056
Charge for year 45 900 330 1,275
Eliminated on disposal - - (7,257 ) (7,257 )
At 29 February 2024 7,399 65,493 12,182 85,074
NET BOOK VALUE
At 29 February 2024 252 2,698 989 3,939
At 28 February 2023 297 3,598 4,763 8,658

6. STOCKS
2024 2023
£    £   
Stocks 24,370 60,147

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 710
Other debtors 97,966 96,895
Deferred tax asset 96,352 86,163
Prepayments 5,237 4,225
199,555 187,993

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 15,145
Trade creditors 12,543 17,553
Social security and other taxes 3,299 1,307
VAT 426 1,683
Other creditors 14,250 18,787
Directors' current accounts 291,291 294,134
Accrued expenses 171,077 145,034
492,886 493,643

BIRMINGHAM CAB COMPANY LIMITED (REGISTERED NUMBER: 04059667)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. DEFERRED TAX
£   
Balance at 1 March 2023 (86,163 )
Provided during year (10,189 )
Balance at 29 February 2024 (96,352 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3 Ordinary £1 3 3

Each share has one voting right and equal rights to dividends and distributions.

11. RESERVES
Retained
earnings
£   

At 1 March 2023 (228,608 )
Deficit for the year (33,510 )
At 29 February 2024 (262,118 )