Registered number
07390340
Chauffeurs Of London Limited
Filleted Accounts
31 March 2025
Chauffeurs Of London Limited
Registered number: 07390340
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 207,735 153,848
Current assets
Debtors 4 9,955 1,476
Cash at bank and in hand 30,183 71,785
40,138 73,261
Creditors: amounts falling due within one year 5 (189,099) (126,611)
Net current liabilities (148,961) (53,350)
Total assets less current liabilities 58,774 100,498
Creditors: amounts falling due after more than one year 6 (3,388) (65,481)
Net assets 55,386 35,017
Capital and reserves
Called up share capital 4 4
Profit and loss account 55,382 35,013
Shareholders' funds 55,386 35,017
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
B Kocan
Director
Approved by the board on 11 August 2025
Chauffeurs Of London Limited
Notes to the Accounts
for the year ended 31 March 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 10% reducing balance method
Vehicles 20% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2024 37,895 234,786 272,681
Additions 1,749 121,330 123,079
Disposals - (35,959) (35,959)
At 31 March 2025 39,644 320,157 359,801
Depreciation
At 1 April 2024 20,975 97,858 118,833
Charge for the year - 59,586 59,586
On disposals - (26,353) (26,353)
At 31 March 2025 20,975 131,091 152,066
Net book value
At 31 March 2025 18,669 189,066 207,735
At 31 March 2024 16,920 136,928 153,848
4 Debtors 2025 2024
£ £
Trade debtors 9,955 1,476
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 12,253 12,221
Obligations under finance lease and hire purchase contracts 126,530 37,350
Trade creditors - 3,474
Taxation and social security costs 11,266 23,566
Other creditors 39,050 50,000
189,099 126,611
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 561 27,847
Other creditors 2,827 37,634
3,388 65,481
7 Other information
Chauffeurs Of London Limited is a private company limited by shares and incorporated in England. Its registered office is:
48 Lankaster Gardens
London
N2 9AJ
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