Company Registration No. 7882023 (England and Wales)
DB Taxi Rentals (Northwest) Limited
Unaudited accounts
for the year ended 31 December 2024
DB Taxi Rentals (Northwest) Limited
Unaudited accounts
Contents
DB Taxi Rentals (Northwest) Limited
Company Information
for the year ended 31 December 2024
Company Number
7882023 (England and Wales)
Registered Office
West Clayton Business Centre ,Berry Lane
Chorleywood
Hertfordshire
WD3 5EX
United Kingdom
Accountants
GIA Foley & Co
West Clayton Business Centre
Berry Lane
Chorleywood
Hertfordshire
WD3 5EX
DB Taxi Rentals (Northwest) Limited
Statement of financial position
as at 31 December 2024
Tangible assets
47,668
63,557
Cash at bank and in hand
3,588
9,260
Creditors: amounts falling due within one year
(7,365)
(20,195)
Net current liabilities
(3,777)
(10,935)
Total assets less current liabilities
43,891
52,622
Creditors: amounts falling due after more than one year
(100,073)
(118,347)
Provisions for liabilities
Deferred tax
(9,057)
(11,419)
Net liabilities
(65,239)
(77,144)
Called up share capital
1
1
Profit and loss account
(65,240)
(77,145)
Shareholders' funds
(65,239)
(77,144)
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 12 August 2025 and were signed on its behalf by
Mr D Bainbridge
Director
Company Registration No. 7882023
DB Taxi Rentals (Northwest) Limited
Notes to the Accounts
for the year ended 31 December 2024
DB Taxi Rentals (Northwest) Limited is a private company, limited by shares, registered in England and Wales, registration number 7882023. The registered office is West Clayton Business Centre ,Berry Lane, Chorleywood, Hertfordshire, WD3 5EX, United Kingdom.
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:
Motor vehicles
25% Reducing balance method
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company's balance shows an insolvent position at the balance sheet date. The director has arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly considers that the company is a going concern and the financial statements have been prepared on this basis.
DB Taxi Rentals (Northwest) Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Motor vehicles
At 31 December 2024
307,828
Charge for the year
15,889
At 31 December 2024
260,160
At 31 December 2024
47,668
At 31 December 2023
63,557
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
5,085
Obligations under finance leases and hire purchase contracts
1,365
6,710
Other creditors
6,000
8,400
6
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
1,365
Loans from directors
100,073
110,982
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).