Company Registration No. 11845115 (England and Wales)
Cab Hire Direct Ltd
Unaudited accounts
for the year ended 31 March 2025
Cab Hire Direct Ltd
Unaudited accounts
Contents
Cab Hire Direct Ltd
Company Information
for the year ended 31 March 2025
Company Number
11845115 (England and Wales)
Registered Office
37a Bath Road
Reading
Berkshire
RG1 6HL
England
Cab Hire Direct Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
608,843
647,021
Cash at bank and in hand
-
20
Creditors: amounts falling due within one year
(560,515)
(608,683)
Net current liabilities
(560,515)
(608,663)
Total assets less current liabilities
48,328
38,358
Creditors: amounts falling due after more than one year
(30,744)
(36,067)
Called up share capital
1
1
Profit and loss account
17,583
2,290
Shareholders' funds
17,584
2,291
For the year ending 31 March 2025 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 30 December 2025 and were signed on its behalf by
Naveed Iqbal
Director
Company Registration No. 11845115
Cab Hire Direct Ltd
Notes to the Accounts
for the year ended 31 March 2025
Cab Hire Direct Ltd is a private company, limited by shares, registered in England and Wales, registration number 11845115. The registered office is 37a Bath Road, Reading, Berkshire, RG1 6HL, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
@ 18% reducing balance method
4
Tangible fixed assets
Motor vehicles
At 31 March 2025
1,101,381
Charge for the year
133,648
Cab Hire Direct Ltd
Notes to the Accounts
for the year ended 31 March 2025
5
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
44,607
50,102
Taxes and social security
15,069
8,421
Loans from directors
499,239
550,160
6
Creditors: amounts falling due after more than one year
2025
2024
7
Transactions with related parties
At least 70% turnover is increased as a result of cars received from Elite Hire Direct Ltd as due to ownership split and transfer of cars belonged to Mr Naveed Iqbal (Director).
Also, majority of inherited cars from Elite Hire Direct Ltd reached useful life and should be removed as revenue generating stream next year so not expecting to have high turnover next year and so this turnover is considered as temporary rise.
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).