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REGISTERED NUMBER: OC384582 (England and Wales)















Report of the Members and

Unaudited Financial Statements for the Period 1 August 2023 to 31 March 2024

for

Lazer Radio Taxis LLP

Lazer Radio Taxis LLP (Registered number: OC384582)






Contents of the Financial Statements
for the Period 1 August 2023 to 31 March 2024




Page

General Information 1

Report of the Members 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Lazer Radio Taxis LLP

General Information
for the Period 1 August 2023 to 31 March 2024







DESIGNATED MEMBERS: Mrs G E Bowes
Mr K J Hutchinson





REGISTERED OFFICE: Rowan House
7 West Bank
Scarborough
North Yorkshire
YO12 4DX





REGISTERED NUMBER: OC384582 (England and Wales)





ACCOUNTANTS: Asquith Accountants Ltd
Rowan House
7 West Bank
SCARBOROUGH
North Yorkshire
YO12 4DX

Lazer Radio Taxis LLP (Registered number: OC384582)

Report of the Members
for the Period 1 August 2023 to 31 March 2024

The members present their report with the financial statements of the LLP for the period 1 August 2023 to 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the LLP in the period under review was that of taxi operators.

DESIGNATED MEMBERS
The designated members during the period under review were:

Mrs G E Bowes
Mr K J Hutchinson

RESULTS FOR THE PERIOD AND ALLOCATION TO MEMBERS
The profit for the period before members' remuneration and profit shares was £30,762 (2023 - £31,873 profit).

MEMBERS' INTERESTS

ON BEHALF OF THE MEMBERS:





Mrs G E Bowes - Designated member


23 January 2025

Lazer Radio Taxis LLP (Registered number: OC384582)

Income Statement
for the Period 1 August 2023 to 31 March 2024

Period
1.8.23
to Year Ended
31.3.24 31.7.23
Notes £    £   

TURNOVER 141,902 180,193

Cost of sales 16,138 25,860
GROSS PROFIT 125,764 154,333

Administrative expenses 94,777 121,968
OPERATING PROFIT 4 30,987 32,365

Interest receivable and similar income 159 3
31,146 32,368

Interest payable and similar expenses 384 495
PROFIT FOR THE FINANCIAL PERIOD
BEFORE MEMBERS' REMUNERATION
AND PROFIT SHARES AVAILABLE
FOR DISCRETIONARY DIVISION
AMONG MEMBERS




30,762




31,873

Lazer Radio Taxis LLP (Registered number: OC384582)

Balance Sheet
31 March 2024

31.3.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 21,295 21,037

CURRENT ASSETS
Debtors 6 35,135 24,486
Cash at bank and in hand 3,273 5,532
38,408 30,018
CREDITORS
Amounts falling due within one year 7 26,475 23,675
NET CURRENT ASSETS 11,933 6,343
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,228

27,380

CREDITORS
Amounts falling due after more than one
year

8

5,363

9,363
NET ASSETS ATTRIBUTABLE TO
MEMBERS

27,865

18,017

LOANS AND OTHER DEBTS DUE TO
MEMBERS

9

27,865

18,017

TOTAL MEMBERS' INTERESTS
Loans and other debts due to members 9 27,865 18,017
Amounts due from members 6 (2,910 ) (8,314 )
24,955 9,703

The LLP is entitled to exemption from audit under Section 477 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 for the period ended 31 March 2024.

The members acknowledge their responsibilities for:
(a)ensuring that the LLP keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the LLP 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 as applied to LLPs by the Limited Liability Partnerships (Accounts and Audit) (Application of Companies Act 2006) Regulations 2008 relating to financial statements, so far as applicable to the LLP.

Lazer Radio Taxis LLP (Registered number: OC384582)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared in accordance with the provisions applicable to LLPs subject to the small LLPs regime.

The financial statements were approved by the members of the LLP and authorised for issue on 23 January 2025 and were signed by:




Mrs G E Bowes - Designated member




Mr K J Hutchinson - Designated member


Lazer Radio Taxis LLP (Registered number: OC384582)

Notes to the Financial Statements
for the Period 1 August 2023 to 31 March 2024

1. STATUTORY INFORMATION

Lazer Radio Taxis LLP is registered in England and Wales. The LLP's registered number and registered office address can be found on the General 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 requirements of the Statement of Recommended Practice, Accounting by Limited Liability Partnerships. 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.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The LLP operates a defined contribution pension scheme. Contributions payable to the LLP's pension scheme are charged to profit or loss in the period to which they relate.

Taxation
The taxation payable on the partnership profits is the personal liability of the members, and consequently partnership taxation is not accounted for in the financial statements.

3. EMPLOYEE INFORMATION

The average number of employees during the period was 5 (2023 - 11 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1.8.23
to Year Ended
31.3.24 31.7.23
£    £   
Depreciation - owned assets 4,051 6,662

Lazer Radio Taxis LLP (Registered number: OC384582)

Notes to the Financial Statements - continued
for the Period 1 August 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2023 500 93,321 93,821
Additions - 4,309 4,309
At 31 March 2024 500 97,630 98,130
DEPRECIATION
At 1 August 2023 - 72,784 72,784
Charge for period - 4,051 4,051
At 31 March 2024 - 76,835 76,835
NET BOOK VALUE
At 31 March 2024 500 20,795 21,295
At 31 July 2023 500 20,537 21,037

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.7.23
£    £   
Trade debtors 26,801 8,710
Other debtors 8,334 15,776
35,135 24,486

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.7.23
£    £   
Bank loans and overdrafts 6,000 6,000
Taxation and social security 5,252 4,807
Other creditors 15,223 12,868
26,475 23,675

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.7.23
£    £   
Other creditors 5,363 9,363

9. LOANS AND OTHER DEBTS DUE TO MEMBERS

Loans and other debts due to members rank equally with debts due to unsecured creditors in the event of a winding up. There is no provision for specific legally enforceable protection afforded to creditors in such an event. There are no restrictions or limitations on the ability of the members to reduce the amount of ‘Members’ other interests'.