REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements for the Year Ended 31 October 2021 |
|
for |
|
Fleetwood Cab Company Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial Statements for the Year Ended 31 October 2021 |
|
for |
|
Fleetwood Cab Company Limited |
Fleetwood Cab Company Limited (Registered number: 01753609) |
|
Contents of the Financial Statements |
for the Year Ended 31 October 2021 |
|
|
|
|
|
|
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Fleetwood Cab Company Limited |
|
Company Information |
for the Year Ended 31 October 2021 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
288 Church Street |
Blackpool |
Lancashire |
FY1 3QA |
Fleetwood Cab Company Limited (Registered number: 01753609) |
|
Balance Sheet |
31 October 2021 |
|
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
Investment property | 7 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 8 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 9 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 10 |
|
|
Share premium | 11 |
|
|
Revaluation reserve | 11 |
|
|
Retained earnings | 11 |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
Fleetwood Cab Company Limited (Registered number: 01753609) |
|
Balance Sheet - continued |
31 October 2021 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
Fleetwood Cab Company Limited (Registered number: 01753609) |
|
Notes to the Financial Statements |
for the Year Ended 31 October 2021 |
|
|
1. | STATUTORY INFORMATION |
|
Fleetwood Cab Company Limited is a
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
|
Goodwill |
Goodwill, being the amount paid in connection with the acquisition of a business in 1997 has now been amortised to zero. |
|
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
|
Tangible fixed assets |
|
Plant and machinery | - |
|
Fixtures and fittings | - |
|
|
Depreciation is not charged on freehold buildings. In the opinion of the directors the residual value of the property is so high and the useful economic life so long that any depreciation is wholly immaterial. |
|
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
|
No depreciation is provided on investment properties which is a departure from the requirements of the Companies Act 2006. In the opinion of the directors these properties are held primarily for their investment potential and so their current value is of more significance than any measure of consumption and to depreciate them would not give a true and fair view. |
|
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
|
Current or deferred taxation assets and liabilities are not discounted. |
|
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
|
Fleetwood Cab Company Limited (Registered number: 01753609) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
|
|
2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
|
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
|
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. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
|
4. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 November 2020 |
and 31 October 2021 |
|
AMORTISATION |
At 1 November 2020 |
and 31 October 2021 |
|
NET BOOK VALUE |
At 31 October 2021 |
|
At 31 October 2020 |
|
|
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | Plant and | and |
property | machinery | fittings | Totals |
£ | £ | £ | £ |
COST |
At 1 November 2020 |
and 31 October 2021 |
|
|
|
|
DEPRECIATION |
At 1 November 2020 |
|
|
|
|
Charge for year |
|
|
|
|
At 31 October 2021 |
|
|
|
|
NET BOOK VALUE |
At 31 October 2021 |
|
|
|
|
At 31 October 2020 |
|
|
|
|
Fleetwood Cab Company Limited (Registered number: 01753609) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
|
|
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 November 2020 |
and 31 October 2021 |
|
NET BOOK VALUE |
At 31 October 2021 |
|
At 31 October 2020 |
|
|
The company's investment at the balance sheet date relates to a 100% holding of the issued Ordinary Share Capital of Wyre Taxis Limited, currently a dormant company with aggregate reserves of £100. |
|
7. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 November 2020 |
and 31 October 2021 |
|
NET BOOK VALUE |
At 31 October 2021 |
|
At 31 October 2020 |
|
|
Fair value at 31 October 2021 is represented by: |
£ |
Valuation in 2021 | 100,000 |
|
The investment properties have not been revalued in the year, as the directors consider that there is no significant difference between previous cost or revaluations and the market values as at the year end. |
|
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
|
|
Prepayments |
|
|
|
|
|
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Tax |
|
|
Social security and other taxes |
|
|
VAT | 9,403 | 7,457 |
Accrued expenses |
|
|
|
|
Fleetwood Cab Company Limited (Registered number: 01753609) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 October 2021 |
|
|
10. | CALLED UP SHARE CAPITAL |
|
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2021 | 2020 |
value: | £ | £ |
|
Ordinary | £1 | 56 | 56 |
|
11. | RESERVES |
Retained | Share | Revaluation |
earnings | premium | reserve | Totals |
£ | £ | £ | £ |
|
At 1 November 2020 |
|
|
|
264,523 |
Profit for the year |
|
|
At 31 October 2021 |
|
|
|
266,159 |