Registered number
SC474365
Dhillon Taxis Ltd
Filleted Accounts
31 March 2024
Dhillon Taxis Ltd
Registered number: SC474365
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 105,000 105,000
Tangible assets 4 205,079 148,439
310,079 253,439
Current assets
Cash at bank and in hand 78,027 104,371
Creditors: amounts falling due within one year 5 (47,812) (37,150)
Net current assets 30,215 67,221
Total assets less current liabilities 340,294 320,660
Creditors: amounts falling due after more than one year 6 (25,000) (25,000)
Provisions for liabilities (3,025) (5,347)
Net assets 312,269 290,313
Capital and reserves
Called up share capital 10 10
Profit and loss account 312,259 290,303
Shareholders' funds 312,269 290,313
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A Dhillon
Director
Approved by the board on 12 November 2024
Dhillon Taxis Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services and is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows:
Motor Vehicles 25% on a Reducing Balance basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 105,000
At 31 March 2024 105,000
Amortisation
At 31 March 2024 -
Net book value
At 31 March 2024 105,000
At 31 March 2023 105,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 April 2023 114,610 - 78,300 192,910
Additions - 666 78,508 79,174
At 31 March 2024 114,610 666 156,808 272,084
Depreciation
At 1 April 2023 - - 44,471 44,471
Charge for the year - 22 22,512 22,534
At 31 March 2024 - 22 66,983 67,005
Net book value
At 31 March 2024 114,610 644 89,825 205,079
At 31 March 2023 114,610 - 33,829 148,439
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax 37,616 26,209
Other taxes and social security costs 9,240 8,122
Other creditors 956 2,819
47,812 37,150
6 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 25,000 25,000
7 Other information
Dhillon Taxis Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
2 Cromdale Brae
Glenrothes
Fife
KY6 3NP
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