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Registered Number: 12307142
England

 

 

 

FAST TAXI LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 December 2023

End date: 30 November 2024
Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
EDGE CHARTERED CERTIFIED ACCOUNTANTS (Partnership)
30 November 2024



....................................................

EDGE CHARTERED CERTIFIED ACCOUNTANTS (Partnership)

Electric Wharf
1 Generator Hall
Coventry
CV1 4JL
28 April 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 6,087    21,464 
6,087    21,464 
Current assets      
Debtors 7,769   
Cash at bank and in hand 19,253    10,820 
27,022    10,820 
Creditors: amount falling due within one year (15,806)   (9,011)
Net current assets 11,216    1,809 
 
Total assets less current liabilities 17,303    23,273 
Creditors: amount falling due after more than one year   (11,708)
Provisions for liabilities (439)   (259)
Net assets 16,864    11,306 
 

Capital and reserves
     
Profit and loss account 16,864    11,306 
Shareholders' funds 16,864    11,306 
 


For the year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 28 April 2025 and were signed by:


-------------------------------
Mohammed Javid Sediqi
Director
2
General Information
FAST TAXI LIMITED is a private company, limited by shares, registered in England, registration number 12307142, registration address 19 Hobart Close,, Chelmsford, CM1 2ES.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Reducing Balance
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Total
  £   £
At 01 December 2023 33,540    33,540 
Additions  
Disposals (11,084)   (11,084)
At 30 November 2024 22,456    22,456 
Depreciation
At 01 December 2023 12,076    12,076 
Charge for year 1,691    1,691 
On disposals 2,602    2,602 
At 30 November 2024 16,369    16,369 
Net book values
Closing balance as at 30 November 2024 6,087    6,087 
Opening balance as at 01 December 2023 21,464    21,464 


3