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REGISTERED NUMBER: 09521637 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CITY CAB RENTALS LTD

CITY CAB RENTALS LTD (REGISTERED NUMBER: 09521637)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CITY CAB RENTALS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Mr C Aricilar





SECRETARY:





REGISTERED OFFICE: 8 Thornham Grove
Stratford
London
E15 1DN





REGISTERED NUMBER: 09521637 (England and Wales)





ACCOUNTANTS: NYO Chartered Accountants and Registered Auditors
First Floor Office
34 Great Queen Street
London
WC2B 5AA

CITY CAB RENTALS LTD (REGISTERED NUMBER: 09521637)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,233,082 858,397

CURRENT ASSETS
Stocks 5 1,956 2,120
Cash at bank and in hand 1,337 3,866
3,293 5,986
CREDITORS
Amounts falling due within one year 6 516,918 399,260
NET CURRENT LIABILITIES (513,625 ) (393,274 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

719,457

465,123

CREDITORS
Amounts falling due after more than one
year

7

497,111

372,667
NET ASSETS 222,346 92,456

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8 221,346 91,456
222,346 92,456

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CITY CAB RENTALS LTD (REGISTERED NUMBER: 09521637)

BALANCE SHEET - continued
30 APRIL 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2024 and were signed by:





Mr C Aricilar - Director


CITY CAB RENTALS LTD (REGISTERED NUMBER: 09521637)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

City Cab Rentals Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

CITY CAB RENTALS LTD (REGISTERED NUMBER: 09521637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 1,426,963
Additions 574,868
At 30 April 2024 2,001,831
DEPRECIATION
At 1 May 2023 568,566
Charge for year 200,183
At 30 April 2024 768,749
NET BOOK VALUE
At 30 April 2024 1,233,082
At 30 April 2023 858,397

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2023 1,082,497
Additions 574,868
At 30 April 2024 1,657,365
DEPRECIATION
At 1 May 2023 389,005
Charge for year 168,237
At 30 April 2024 557,242
NET BOOK VALUE
At 30 April 2024 1,100,123
At 30 April 2023 693,492

CITY CAB RENTALS LTD (REGISTERED NUMBER: 09521637)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 1,956 2,120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 14,519 18,470
Hire purchase contracts 315,825 253,556
Trade creditors 240 241
Social security and other taxes 296 736
Pension funds 124 115
Directors' current accounts 183,214 123,442
Accrued expenses 2,700 2,700
516,918 399,260

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1-2 years - 11,935
Hire purchase contracts 497,111 360,732
497,111 372,667

8. RESERVES
Retained
earnings
£   

At 1 May 2023 91,456
Profit for the year 129,890
At 30 April 2024 221,346