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Company Registration No. 4539929 (England and Wales)
Park Royal Taxi Centre Limited Unaudited accounts for the year ended 30 September 2024
Park Royal Taxi Centre Limited Unaudited accounts Contents
Page
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Park Royal Taxi Centre Limited Company Information for the year ended 30 September 2024
Director
Mr S Macleod
Company Number
4539929 (England and Wales)
Registered Office
7 JOHNSONS WAY PARK ROYAL EALING LONDON NW10 7PF
Accountants
Scribes Accountancy Limited 98 Northwood Rd Harefield Middlesex UB9 6PS
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Park Royal Taxi Centre Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,341 
6,676 
Current assets
Cash at bank and in hand
12,582 
16,453 
Creditors: amounts falling due within one year
(11,133)
(22,553)
Net current assets/(liabilities)
1,449 
(6,100)
Total assets less current liabilities
6,790 
576 
Creditors: amounts falling due after more than one year
(25,825)
(25,825)
Net liabilities
(19,035)
(25,249)
Capital and reserves
Called up share capital
50 
50 
Profit and loss account
(19,085)
(25,299)
Shareholders' funds
(19,035)
(25,249)
For the year ending 30 September 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 16 April 2025 and were signed on its behalf by
Mr S Macleod Director Company Registration No. 4539929
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Park Royal Taxi Centre Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Park Royal Taxi Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 4539929. The registered office is 7 JOHNSONS WAY, PARK ROYAL, EALING, LONDON, NW10 7PF.
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.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
Going concern
The financial statements have been prepared on a going concern basis notwithstanding the net liabilities of £19,035 (2023-£25,249) as the directors have provided an undertaking that they will continue to support the company to meet its liabilities as they fall due. As a result, the directors believe that the preparation of the financial statements on a going concern basis are appropriate.
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Park Royal Taxi Centre Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
20,765 
At 30 September 2024
20,765 
Depreciation
At 1 October 2023
14,089 
Charge for the year
1,335 
At 30 September 2024
15,424 
Net book value
At 30 September 2024
5,341 
At 30 September 2023
6,676 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,033 
5,855 
Trade creditors
600 
700 
Other creditors
- 
5,998 
Loans from directors
6,500 
10,000 
11,133 
22,553 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
25,825 
25,825 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50 
50 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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