Acorah Software Products - Accounts Production 16.1.300 false true false 5 January 2023 31 January 2024 31 January 2024 14571627 Mr Tahir HAMEED Mr mudassar AHMED iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14571627 2023-01-04 14571627 2024-01-31 14571627 2023-01-05 2024-01-31 14571627 frs-core:CurrentFinancialInstruments 2024-01-31 14571627 frs-core:ComputerEquipment 2024-01-31 14571627 frs-core:ComputerEquipment 2023-01-05 2024-01-31 14571627 frs-core:ComputerEquipment 2023-01-04 14571627 frs-core:MotorVehicles 2024-01-31 14571627 frs-core:MotorVehicles 2023-01-05 2024-01-31 14571627 frs-core:MotorVehicles 2023-01-04 14571627 frs-core:ShareCapital 2024-01-31 14571627 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14571627 frs-bus:PrivateLimitedCompanyLtd 2023-01-05 2024-01-31 14571627 frs-bus:FilletedAccounts 2023-01-05 2024-01-31 14571627 frs-bus:SmallEntities 2023-01-05 2024-01-31 14571627 frs-bus:AuditExempt-NoAccountantsReport 2023-01-05 2024-01-31 14571627 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-05 2024-01-31 14571627 frs-bus:Director1 2023-01-05 2024-01-31 14571627 frs-bus:Director2 2023-01-05 2024-01-31 14571627 frs-countries:EnglandWales 2023-01-05 2024-01-31
Registered number: 14571627
1ST CHOICE CABS LTD
Financial Statements
For the Period 5 January 2023 to 31 January 2024
Financial Statements
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14571627
31 January 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 60,000
60,000
Creditors: Amounts Falling Due Within One Year 5 (60,209 )
NET CURRENT ASSETS (LIABILITIES) (60,209 )
TOTAL ASSETS LESS CURRENT LIABILITIES (209 )
NET LIABILITIES (209 )
CAPITAL AND RESERVES
Called up share capital 6 1
Profit and Loss Account (210 )
SHAREHOLDERS' FUNDS (209)
For the period ending 31 January 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 mudassar AHMED
Director
18/09/2023
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
1ST CHOICE CABS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14571627 . The registered office is Suite 13, 30 Uphall Road,, ILFORD, England, IG1 2JF.
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 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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 20% REDUCING BALANCE METHOD
Computer Equipment 20% REDUCING BALANCE METHOD
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2
2
4. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 5 January 2023 48,000 12,000 60,000
As at 31 January 2024 48,000 12,000 60,000
Net Book Value
As at 31 January 2024 48,000 12,000 60,000
As at 5 January 2023 48,000 12,000 60,000
5. Creditors: Amounts Falling Due Within One Year
31 January 2024
£
Trade creditors 60,209
60,209
Page 2
Page 3
6. Share Capital
31 January 2024
£
Allotted, Called up and fully paid 1
Page 3