Registration number:
Arrow Cabs Tameside Limited
for the Year Ended 29 September 2024
Arrow Cabs Tameside Limited
Contents
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Statement Of Financial Position |
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Notes to the Unaudited Financial Statements |
Arrow Cabs Tameside Limited
(Registration number: 05732618)
Statement Of Financial Position as at 29 September 2024
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Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Net liabilities |
( |
( |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
( |
( |
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Shareholders' deficit |
( |
( |
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:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Arrow Cabs Tameside Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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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:
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Asset class |
Depreciation method and rate |
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Fixtures and fittings |
15% straight line |
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Motor vehicle |
25% straight line |
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Computer equipment |
33% straight line |
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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
Arrow Cabs Tameside Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024
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Tangible assets |
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Motor vehicles |
Licence plates |
Total |
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Cost or valuation |
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At 30 September 2023 |
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Additions |
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- |
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Disposals |
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- |
( |
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At 29 September 2024 |
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Depreciation |
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At 30 September 2023 |
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Charge for the year |
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Eliminated on disposal |
( |
- |
( |
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At 29 September 2024 |
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Carrying amount |
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At 29 September 2024 |
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At 29 September 2023 |
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Debtors |
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Current |
2024 |
2023 |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
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2024 |
2023 |
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Due within one year |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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Arrow Cabs Tameside Limited
Notes to the Unaudited Financial Statements for the Year Ended 29 September 2024
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Related party transactions |
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Transactions with directors |
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2024 |
At 30 September 2023 |
Repayments by director |
At 29 September 2024 |
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J Dakin |
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Advances repayable on demand with interest charged at HMRC's official rate |
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( |
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2023 |
At 30 September 2022 |
Advances to director |
At 29 September 2023 |
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J Dakin |
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Advances repayable on demand with interest charged at HMRC's official rate |
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was