Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 10601563 Mr Lloyd Greening Mr Stephen Richard Greening iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10601563 2023-02-28 10601563 2024-02-28 10601563 2023-03-01 2024-02-28 10601563 frs-core:CurrentFinancialInstruments 2024-02-28 10601563 frs-core:Non-currentFinancialInstruments 2024-02-28 10601563 frs-core:ComputerEquipment 2024-02-28 10601563 frs-core:ComputerEquipment 2023-03-01 2024-02-28 10601563 frs-core:ComputerEquipment 2023-02-28 10601563 frs-core:FurnitureFittings 2023-03-01 2024-02-28 10601563 frs-core:MotorVehicles 2024-02-28 10601563 frs-core:MotorVehicles 2023-03-01 2024-02-28 10601563 frs-core:MotorVehicles 2023-02-28 10601563 frs-core:ShareCapital 2024-02-28 10601563 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 10601563 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 10601563 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 10601563 frs-bus:SmallEntities 2023-03-01 2024-02-28 10601563 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 10601563 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 10601563 frs-bus:Director1 2023-03-01 2024-02-28 10601563 frs-bus:Director2 2023-03-01 2024-02-28 10601563 frs-countries:EnglandWales 2023-03-01 2024-02-28 10601563 2022-02-28 10601563 2023-02-28 10601563 2022-03-01 2023-02-28 10601563 frs-core:CurrentFinancialInstruments 2023-02-28 10601563 frs-core:Non-currentFinancialInstruments 2023-02-28 10601563 frs-core:ShareCapital 2023-02-28 10601563 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 10601563
City Cabs (Norwich) Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Graver & Co Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10601563
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 53,221 27,533
53,221 27,533
CURRENT ASSETS
Debtors 5 76,752 72,644
Cash at bank and in hand 18,474 23,963
95,226 96,607
Creditors: Amounts Falling Due Within One Year 6 (55,865 ) (45,432 )
NET CURRENT ASSETS (LIABILITIES) 39,361 51,175
TOTAL ASSETS LESS CURRENT LIABILITIES 92,582 78,708
Creditors: Amounts Falling Due After More Than One Year 7 (33,901 ) (18,092 )
NET ASSETS 58,681 60,616
CAPITAL AND RESERVES
Called up share capital 8 10 10
Profit and Loss Account 58,671 60,606
SHAREHOLDERS' FUNDS 58,681 60,616
Page 1
Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Stephen Richard Greening
Director
12th November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
City Cabs (Norwich) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10601563 . The registered office is 2 Station Road, Brundall, NR13 5LA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. All income is derived from activities within the UK.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 25% reducing balance
Fixtures & Fittings 25% reducing balance
Computer Equipment 25% reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 March 2023 43,000 2,133 45,133
Additions 43,427 - 43,427
As at 28 February 2024 86,427 2,133 88,560
Depreciation
As at 1 March 2023 16,450 1,150 17,600
Provided during the period 17,494 245 17,739
As at 28 February 2024 33,944 1,395 35,339
Net Book Value
As at 28 February 2024 52,483 738 53,221
As at 1 March 2023 26,550 983 27,533
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 44,473 46,026
Prepayments and accrued income 6,006 6,206
Directors' loan accounts 26,273 20,412
76,752 72,644
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1,559 2,017
Bank loans and overdrafts 4,949 7,000
Other loans 24,884 -
Corporation tax 7,387 13,376
VAT 17,086 23,039
55,865 45,432
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,314 18,083
Other loans 8,840 -
Directors loan account 11,747 9
33,901 18,092
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4