London Transfer Minicabs Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 10577896

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		143		232

			143		232
CURRENT ASSETS
Cash at bank and in hand		100		100

		100		100
Creditors: Amounts Falling Due Within One Year	5	(11,607 )		(6,937 )

NET CURRENT ASSETS (LIABILITIES)			(11,507 )		(6,837 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(11,364 )		(6,605 )

Creditors: Amounts Falling Due After More Than One Year	6		(20,033 )		(26,268 )

NET LIABILITIES			(31,397 )		(32,873 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(31,497 )		(32,973 )

SHAREHOLDERS' FUNDS			(31,397)		(32,873)

For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Claudia-Carla Itoafa

Director

09/09/2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

London Transfer Minicabs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10577896 . The registered office is 95 Fourth Avenue, London, E12 6DP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings	25% Reducing Balance
Computer Equipment	25% Reducing Balance

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1

	1	1

4. Tangible Assets

	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 February 2024	623	1,137	1,760

As at 31 January 2025	623	1,137	1,760

...CONTINUED

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London Transfer Minicabs Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2025

Depreciation
As at 1 February 2024	543	985	1,528
Provided during the period	51	38	89

As at 31 January 2025	594	1,023	1,617

Net Book Value
As at 31 January 2025	29	114	143

As at 1 February 2024	80	152	232

5. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	694	679
Accruals and deferred income	700	550
Director's loan account	10,213	5,708

	11,607	6,937

6. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	20,033	26,268

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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