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REGISTERED NUMBER: SC675363 (Scotland)















Eco Taxi Scotland Ltd

Financial Statements For The Year Ended 30 September 2024






Eco Taxi Scotland Ltd (Registered number: SC675363)






Contents of the Financial Statements
For The Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Eco Taxi Scotland Ltd

Company Information
For The Year Ended 30 September 2024







DIRECTOR: J H Parsons





REGISTERED OFFICE: Park House Centre
South Street
Elgin
Moray
IV30 1JB





REGISTERED NUMBER: SC675363 (Scotland)





ACCOUNTANTS: The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB

Eco Taxi Scotland Ltd (Registered number: SC675363)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,687 2,250

CURRENT ASSETS
Cash at bank 275 -

CREDITORS
Amounts falling due within one year 5 14,102 9,684
NET CURRENT LIABILITIES (13,827 ) (9,684 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,140

)

(7,434

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (12,240 ) (7,534 )
SHAREHOLDERS' FUNDS (12,140 ) (7,434 )

Eco Taxi Scotland Ltd (Registered number: SC675363)

Balance Sheet - continued
30 September 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 6 February 2025 and were signed by:





J H Parsons - Director


Eco Taxi Scotland Ltd (Registered number: SC675363)

Notes to the Financial Statements
For The Year Ended 30 September 2024

1. STATUTORY INFORMATION

Eco Taxi Scotland Ltd is a private company, limited by shares , registered in Scotland. 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.

Accounts are prepared on a going concern basis which is dependant on the directors ongoing support.

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.
Equipment - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Eco Taxi Scotland Ltd (Registered number: SC675363)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 October 2023
and 30 September 2024 3,000
DEPRECIATION
At 1 October 2023 750
Charge for year 563
At 30 September 2024 1,313
NET BOOK VALUE
At 30 September 2024 1,687
At 30 September 2023 2,250

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Equipment
£   
COST
At 1 October 2023 3,000
Transfer to ownership (3,000 )
At 30 September 2024 -
DEPRECIATION
At 1 October 2023 750
Transfer to ownership (750 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 2,250

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts - 295
Other creditors 14,102 9,389
14,102 9,684

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100

Eco Taxi Scotland Ltd (Registered number: SC675363)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2024

7. RESERVES
Retained
earnings
£   

At 1 October 2023 (7,534 )
Deficit for the year (4,706 )
At 30 September 2024 (12,240 )

8. RELATED PARTY DISCLOSURES

J H Parsons
is a director in the company


Included in other creditors is an interest free directors loan. There are no repayment terms.

30.9.24 30.9.23
£    £   
Amount due to related party at the balance sheet date 12,977 8,390

9. ULTIMATE CONTROLLING PARTY

The controlling party is J H Parsons.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Eco Taxi Scotland Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Eco Taxi Scotland Ltd for the year ended 30 September 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Eco Taxi Scotland Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Eco Taxi Scotland Ltd and state those matters that we have agreed to state to the director of Eco Taxi Scotland Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eco Taxi Scotland Ltd and its director for our work or for this report.

It is your duty to ensure that Eco Taxi Scotland Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Eco Taxi Scotland Ltd. You consider that Eco Taxi Scotland Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Eco Taxi Scotland Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Long Partnership
Park House Centre
South Street
Elgin
IV30 1JB


6 February 2025