Star Taxis (Dover) Limited 05136785 false 2023-06-01 2024-05-31 2024-05-31 The principal activity of the company is that of taxi hire. Digita Accounts Production Advanced 6.30.9574.0 true true 05136785 2023-06-01 2024-05-31 05136785 2024-05-31 05136785 core:RetainedEarningsAccumulatedLosses 2024-05-31 05136785 core:ShareCapital 2024-05-31 05136785 core:CurrentFinancialInstruments 2024-05-31 05136785 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 05136785 core:Goodwill 2024-05-31 05136785 core:MotorVehicles 2024-05-31 05136785 core:OfficeEquipment 2024-05-31 05136785 bus:SmallEntities 2023-06-01 2024-05-31 05136785 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 05136785 bus:FilletedAccounts 2023-06-01 2024-05-31 05136785 bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 05136785 bus:RegisteredOffice 2023-06-01 2024-05-31 05136785 bus:CompanySecretaryDirector1 2023-06-01 2024-05-31 05136785 bus:Director2 2023-06-01 2024-05-31 05136785 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 05136785 core:Goodwill 2023-06-01 2024-05-31 05136785 core:MotorVehicles 2023-06-01 2024-05-31 05136785 core:OfficeEquipment 2023-06-01 2024-05-31 05136785 core:Vehicles 2023-06-01 2024-05-31 05136785 countries:EnglandWales 2023-06-01 2024-05-31 05136785 2023-05-31 05136785 core:Goodwill 2023-05-31 05136785 core:MotorVehicles 2023-05-31 05136785 core:OfficeEquipment 2023-05-31 05136785 2022-06-01 2023-05-31 05136785 2023-05-31 05136785 core:RetainedEarningsAccumulatedLosses 2023-05-31 05136785 core:ShareCapital 2023-05-31 05136785 core:CurrentFinancialInstruments 2023-05-31 05136785 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 05136785 core:MotorVehicles 2023-05-31 05136785 core:OfficeEquipment 2023-05-31 iso4217:GBP xbrli:pure

Registration number: 05136785

Star Taxis (Dover) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 May 2024

 

Star Taxis (Dover) Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Star Taxis (Dover) Limited

Company Information

Directors

Mrs AR Gasking

Mr GE Gasking

Company secretary

Mrs AR Gasking

Registered office

60 Mongeham Road
Great Mongeham
Deal
Kent
CT14 9PD

Accountants

Beresfords
Chartered Certified Accountants
1-2 Rhodium Point
Spindle Close
Hawkinge
Folkestone
Kent
CT18 7TQ

 

Star Taxis (Dover) Limited

(Registration number: 05136785)
Balance Sheet as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

12,007

337

Current assets

 

Debtors

6

648

806

Creditors: Amounts falling due within one year

7

(145,401)

(128,997)

Net current liabilities

 

(144,753)

(128,191)

Net liabilities

 

(132,746)

(127,854)

Capital and reserves

 

Called up share capital

1

1

Retained earnings

(132,747)

(127,855)

Shareholders' deficit

 

(132,746)

(127,854)

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 February 2025 and signed on its behalf by:
 

.........................................
Mrs AR Gasking
Company secretary and director

.........................................
Mr GE Gasking
Director

 
     
 

Star Taxis (Dover) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
60 Mongeham Road
Great Mongeham
Deal
Kent
CT14 9PD
 

The principal place of business is:
Office A
First Floor
"The Base", Hollow Wood Road
Dover
Kent
CT17 OUB

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling which is the functional currency of Company and rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis and there are no material uncertainties that cast significant doubt on the Company's ability to continue as a going concern.

 

Star Taxis (Dover) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Judgements

No judgements have been made in the process of applying the accounting policies that have had a significant effect on the amounts recognised in the financial statements.

No key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year have been made.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the contract;
- the stage of completion of the contract at end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Government grants

Grants of a revenue nature are recognised in the Profit and Loss Account and Statement of Retained Earnings in the same period as the related expenditure. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.

Finance income and costs policy

Interest income is recognised in profit or loss using the effective interest method.

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

All borrowing costs are recognised in profit or loss in the year they are incurred.

 

Star Taxis (Dover) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit and loss, except that a change attributable to an item of income or expenses recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% Reducing balance

Motor vehicles

25% Reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Star Taxis (Dover) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Star Taxis (Dover) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 June 2023

10,442

10,442

At 31 May 2024

10,442

10,442

Amortisation

At 1 June 2023

10,442

10,442

At 31 May 2024

10,442

10,442

Carrying amount

At 31 May 2024

-

-

5

Tangible assets

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 June 2023

2,298

-

2,298

Additions

-

15,649

15,649

At 31 May 2024

2,298

15,649

17,947

Depreciation

At 1 June 2023

1,961

-

1,961

Charge for the year

67

3,912

3,979

At 31 May 2024

2,028

3,912

5,940

Carrying amount

At 31 May 2024

270

11,737

12,007

At 31 May 2023

337

-

337

 

Star Taxis (Dover) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024 (continued)

6

Debtors

2024
£

2023
£

Other debtors

600

758

Prepayments

48

48

648

806

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

138,734

122,508

Trade creditors

 

1,569

1,962

Accruals and deferred income

 

5,098

4,527

 

145,401

128,997

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

4,798

4,834

Directors current account

133,936

117,674

138,734

122,508