Company Registration No. 12576860 (England and Wales)
LOCAL TAXIS LTD
Unaudited accounts
for the year ended 30 April 2024
LOCAL TAXIS LTD
Unaudited accounts
Contents
LOCAL TAXIS LTD
Company Information
for the year ended 30 April 2024
Company Number
12576860 (England and Wales)
Registered Office
13 BRAUNSTONE GATE
LEICESTER
LE3 5LH
ENGLAND
Accountants
BGS Accounting Limited
75 Exploration Drive
Leicester
LE4 5NU
LOCAL TAXIS LTD
Statement of financial position
as at 30 April 2024
Tangible assets
44,949
47,181
Investment property
250,000
-
Cash at bank and in hand
185,912
147,952
Creditors: amounts falling due within one year
(55,333)
75,278
Net current assets
130,579
223,230
Total assets less current liabilities
425,528
270,411
Creditors: amounts falling due after more than one year
45,601
45,217
Net assets
471,129
315,628
Profit and loss account
471,129
315,628
Shareholders' funds
471,129
315,628
For the year ending 30 April 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 January 2024 and were signed on its behalf by
Fazila Saleh
Director
Company Registration No. 12576860
LOCAL TAXIS LTD
Notes to the Accounts
for the year ended 30 April 2024
LOCAL TAXIS LTD is a private company, limited by shares, registered in England and Wales, registration number 12576860. The registered office is 13 BRAUNSTONE GATE, LEICESTER, LE3 5LH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
40,488
8,925
49,413
At 30 April 2024
40,488
8,925
49,413
At 1 May 2023
-
2,232
2,232
Charge for the year
-
2,232
2,232
At 30 April 2024
-
4,464
4,464
At 30 April 2024
40,488
4,461
44,949
At 30 April 2023
40,488
6,693
47,181
LOCAL TAXIS LTD
Notes to the Accounts
for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(59,977)
(73,816)
Other creditors
(26,043)
(28,698)
7
Creditors: amounts falling due after more than one year
2024
2023
Taxes and social security
-
(216)
Loans from directors
(45,601)
(45,001)
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).