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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
Page
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LOCAL TAXIS LTD Company Information for the year ended 30 April 2024
Director
Fazila Saleh
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
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LOCAL TAXIS LTD Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
44,949 
47,181 
Investment property
250,000 
- 
294,949 
47,181 
Current assets
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 
Capital and reserves
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
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LOCAL TAXIS LTD Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
At 1 May 2023
- 
2,232 
2,232 
Charge for the year
- 
2,232 
2,232 
At 30 April 2024
- 
4,464 
4,464 
Net book value
At 30 April 2024
40,488 
4,461 
44,949 
At 30 April 2023
40,488 
6,693 
47,181 
5
Investment property
2024 
£ 
Additions
250,000 
At 30 April 2024
250,000 
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LOCAL TAXIS LTD Notes to the Accounts for the year ended 30 April 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
26,353 
27,236 
Taxes and social security
(59,977)
(73,816)
Other creditors
(26,043)
(28,698)
Accruals
115,000 
- 
55,333 
(75,278)
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Taxes and social security
- 
(216)
Loans from directors
(45,601)
(45,001)
(45,601)
(45,217)
8
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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