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REGISTERED NUMBER: 06189458 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

J & T Hackney Carriage Limited

J & T Hackney Carriage Limited (Registered number: 06189458)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 5 April 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


J & T Hackney Carriage Limited

COMPANY INFORMATION
for the year ended 5 April 2024







Directors: J Derakhshan
Mrs T Derakhshan
Miss L Derakhshan





Secretary: J Derakhshan





Registered office: Abacus House
129 North Hill
Plymouth
Devon
PL4 8JY





Business address: 10 Kneele Gardens
Hartley
Plymouth
Devon
PL3 5RN





Registered number: 06189458 (England and Wales)





Accountants: Websters
129 North Hill
Plymouth
Devon
PL4 8JY

J & T Hackney Carriage Limited (Registered number: 06189458)

BALANCE SHEET
5 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 14,974 14,974

Current assets
Cash at bank 1,253 4,943

Creditors
Amounts falling due within one year 5 42,817 33,057
Net current liabilities (41,564 ) (28,114 )
Total assets less current liabilities (26,590 ) (13,140 )

Capital and reserves
Called up share capital 6 100 100
Retained earnings (26,690 ) (13,240 )
Shareholders' funds (26,590 ) (13,140 )

J & T Hackney Carriage Limited (Registered number: 06189458)

BALANCE SHEET - continued
5 April 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2025 and were signed on its behalf by:





Mrs T Derakhshan - Director


J & T Hackney Carriage Limited (Registered number: 06189458)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 5 April 2024

1. STATUTORY INFORMATION

J & T Hackney Carriage Limited is a private company, limited by shares, registered in England and Wales. The company's registered number, registered office and business 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.

The financial statements have been prepared on a going concern basis as a result of the continued support of the directors.

Turnover
Turnover is measured at the fair value of the consideration receivable, net of discounts. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by the 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Taxi cabs - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

J & T Hackney Carriage Limited (Registered number: 06189458)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2024

2. ACCOUNTING POLICIES - continued

Hire purchase
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Taxi cabs
£   
Cost
At 6 April 2023
and 5 April 2024 29,950
Depreciation
At 6 April 2023
and 5 April 2024 14,976
Net book value
At 5 April 2024 14,974
At 5 April 2023 14,974

J & T Hackney Carriage Limited (Registered number: 06189458)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 5 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Taxi cabs
£   
Cost
At 6 April 2023
and 5 April 2024 29,950
Depreciation
At 6 April 2023
and 5 April 2024 14,976
Net book value
At 5 April 2024 14,974
At 5 April 2023 14,974

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 42,817 33,057

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary shares £1 100 100

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed J & T Derakhshan (directors) £40,670 and L Derakhshan £1,324. L Derakhshan is the daughter of the directors. These amounts were interest free, unsecured and carried no fixed term of repayment.

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by J and Mrs T Derakhshan.