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Registration number: 05732618

Arrow Cabs Tameside Limited

Unaudited Financial Statements

for the Year Ended 29 September 2024

 

Arrow Cabs Tameside Limited

Contents

Statement Of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 5

 

Arrow Cabs Tameside Limited

(Registration number: 05732618)
Statement Of Financial Position as at 29 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

14,724

2,696

Current assets

 

Debtors

4

53,761

70,793

Cash at bank and in hand

 

7,273

2,918

 

61,034

73,711

Creditors: Amounts falling due within one year

5

(215,640)

(216,204)

Net current liabilities

 

(154,606)

(142,493)

Net liabilities

 

(139,882)

(139,797)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(139,982)

(139,897)

Shareholders' deficit

 

(139,882)

(139,797)

For the financial year ending 29 September 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 and 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 Income Statement.

Approved and authorised by the Board on 29 July 2025 and signed on its behalf by:
 

.........................................
J Dakin
Director

.........................................
PA Dakin
Director

 
     
 

Arrow Cabs Tameside Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 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:
26 Hiltons Farm Close
Audenshaw
Manchester
M34 5JP

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.

Going concern

The financial statements have been prepared on a going concern basis.
At the balance sheet date, the company's liabilities exceeded it's assets. The company has received assurance from the directors and shareholders that they will continue to give financial support to the company for the next twelve months from the date of signing off the accounts.
On this basis, the directors consider it appropriate to prepare the accounts on a going concern basis. However, should the financial support mentioned above not be forthcoming, the going concern basis used in preparing the company's accounts may be invalid and adjustments would have to be made to reduce the value of assets to their realisable amount and to provide for any further liabilities which might arise. The accounts do not include any adjustment to the company's assets or liabilities that might be necessary should this basis not continue to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Arrow Cabs Tameside Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% straight line

Motor vehicle

25% straight line

Computer equipment

33% straight line

License plates

7.7% straight line

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the statement of financial position. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

 

Arrow Cabs Tameside Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

3

Tangible assets

Motor vehicles
 £

Licence plates
 £

Total
£

Cost or valuation

At 30 September 2023

63,100

179,500

242,600

Additions

17,000

-

17,000

Disposals

(17,100)

-

(17,100)

At 29 September 2024

63,000

179,500

242,500

Depreciation

At 30 September 2023

62,475

177,429

239,904

Charge for the year

4,000

347

4,347

Eliminated on disposal

(16,475)

-

(16,475)

At 29 September 2024

50,000

177,776

227,776

Carrying amount

At 29 September 2024

13,000

1,724

14,724

At 29 September 2023

625

2,071

2,696

4

Debtors

Current

2024
£

2023
£

Other debtors

53,761

70,793

 

53,761

70,793

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

3,605

3,605

Accruals and deferred income

2,179

2,743

Other creditors

209,856

209,856

215,640

216,204

 

Arrow Cabs Tameside Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024

6

Related party transactions

Transactions with directors

2024

At 30 September 2023
£

Repayments by director
£

At 29 September 2024
£

J Dakin

Advances repayable on demand with interest charged at HMRC's official rate

55,344

(17,033)

38,311

2023

At 30 September 2022
£

Advances to director
£

At 29 September 2023
£

J Dakin

Advances repayable on demand with interest charged at HMRC's official rate

54,856

488

55,344

7

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).