Garys Cabs (2013) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
4,120
5,025
Cash at bank and in hand
13,227
13,538
Creditors: amounts falling due within one year
(14,889)
(12,666)
Net current (liabilities)/assets
(1,662)
872
Called up share capital
100
100
Profit and loss account
2,358
5,797
Shareholders' funds
2,458
5,897
For the year ending 31 December 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 3 May 2025 and were signed on its behalf by
Mr D Martin Richards
Director
Company Registration No. 08396466
Garys Cabs (2013) Limited
Notes to the Accounts
for the year ended 31 December 2024
Garys Cabs (2013) Limited is a private company, limited by shares, registered in England and Wales, registration number 08396466. The registered office is Unit 301 Glanyrafon Industrial Est, Llanbadarn, Aberystwyth, Ceredigion, SY23 3JQ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
1,733
23,175
24,908
At 31 December 2024
1,733
25,175
26,908
At 1 January 2024
1,733
18,150
19,883
Charge for the year
-
2,905
2,905
At 31 December 2024
1,733
21,055
22,788
At 31 December 2024
-
4,120
4,120
At 31 December 2023
-
5,025
5,025
Garys Cabs (2013) Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(19)
194
Proposed dividends
-
2,000
Other creditors
13,708
9,183
6
Average number of employees
During the year the average number of employees was 2 (2023: 4).