Company Registration No. 4539929 (England and Wales)
Park Royal Taxi Centre Limited
Unaudited accounts
for the year ended 30 September 2022
Park Royal Taxi Centre Limited
Unaudited accounts
Contents
Park Royal Taxi Centre Limited
Company Information
for the year ended 30 September 2022
Company Number
4539929 (England and Wales)
Registered Office
7 JOHNSONS WAY
PARK ROYAL
EALING
LONDON
NW10 7PF
Accountants
Scribes Accountancy Limited
98 Northwood Rd
Harefield
Middlesex
UB9 6PS
Park Royal Taxi Centre Limited
Statement of financial position
as at 30 September 2022
Cash at bank and in hand
3,558
3,642
Creditors: amounts falling due within one year
(31,080)
(15,206)
Net current liabilities
(27,522)
(5,173)
Total assets less current liabilities
(19,178)
(4,697)
Creditors: amounts falling due after more than one year
(16,514)
(25,685)
Net liabilities
(35,692)
(30,382)
Called up share capital
50
50
Profit and loss account
(35,742)
(30,432)
Shareholders' funds
(35,692)
(30,382)
For the year ending 30 September 2022 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 18 April 2023 and were signed on its behalf by
Mr S Macleod
Director
Company Registration No. 4539929
Park Royal Taxi Centre Limited
Notes to the Accounts
for the year ended 30 September 2022
Park Royal Taxi Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 4539929. The registered office is 7 JOHNSONS WAY, PARK ROYAL, EALING, LONDON, NW10 7PF.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
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.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Motor vehicles
20% Reducing Balance
The financial statements have been prepared on a going concern basis notwithstanding the net liabilities of £35,742 (2021-£30,919) as the directors have provided an undertaking that they will continue to support the company to meet its liabilities as they fall due. As a result, the directors believe that the preparation of the financial statements on a going concern basis are appropriate.
Park Royal Taxi Centre Limited
Notes to the Accounts
for the year ended 30 September 2022
4
Tangible fixed assets
Plant & machinery
At 30 September 2022
20,765
At 30 September 2022
12,421
At 30 September 2022
8,344
Amounts falling due after more than one year
Accrued income and prepayments
-
6,391
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
7,468
-
Loans from directors
22,912
14,606
7
Creditors: amounts falling due after more than one year
2022
2021
Other creditors
16,514
16,514
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
9
Average number of employees
During the year the average number of employees was 1 (2021: 1).