LJK Taxis Ltd

LJK Taxis Ltd

LJK TAXIS LTD - Company Information

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1 April 2020 false No description of principal activity Taxfiler 2021.2.1 11049187business:PrivateLimitedCompanyLtd2020-04-012021-03-31 110491872020-03-31 110491872020-04-012021-03-31 11049187business:AuditExemptWithAccountantsReport2020-04-012021-03-31 11049187business:FullAccounts2020-04-012021-03-31 110491872021-03-31 11049187business:Director12020-04-012021-03-31 11049187business:RegisteredOffice2020-04-012021-03-31 110491872020-03-31 11049187core:WithinOneYear2021-03-31 11049187core:WithinOneYear2020-03-31 11049187core:AfterOneYear2021-03-31 11049187core:AfterOneYear2020-03-31 11049187core:ShareCapital2021-03-31 11049187core:ShareCapital2020-03-31 11049187core:RetainedEarningsAccumulatedLosses2021-03-31 11049187core:RetainedEarningsAccumulatedLosses2020-03-31 11049187business:SmallEntities2020-04-012021-03-31 11049187countries:EnglandWales2020-04-012021-03-31 11049187core:MotorVehicles2020-04-012021-03-31 11049187core:MotorVehicles2020-03-31 11049187core:MotorVehicles2021-03-31 11049187business:OrdinaryShareClass12020-04-012021-03-31 11049187business:OrdinaryShareClass12019-04-012020-03-31 110491872019-04-012020-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 11049187 (England and Wales)
LJK Taxis Ltd Unaudited accounts for the year ended 31 March 2021
LJK Taxis Ltd Unaudited accounts Contents
Page
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LJK Taxis Ltd Company Information for the year ended 31 March 2021
Director
Lisa Kinsella
Company Number
11049187 (England and Wales)
Registered Office
41 OLDFIELDS ROAD SUTTON SURREY SM1 2NB UNITED KINGDOM
Accountants
Blythe & Co 41 Oldfields Road Sutton Surrey SM1 2NB
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LJK Taxis Ltd Statement of financial position as at 31 March 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
257,250 
308,259 
Current assets
Debtors
5
40,685 
22,512 
Cash at bank and in hand
6,838 
11,665 
47,523 
34,177 
Creditors: amounts falling due within one year
6
(155,954)
(169,360)
Net current liabilities
(108,431)
(135,183)
Total assets less current liabilities
148,819 
173,076 
Creditors: amounts falling due after more than one year
7
(142,720)
(123,752)
Net assets
6,099 
49,324 
Capital and reserves
Called up share capital
8
100 
100 
Profit and loss account
5,999 
49,224 
Shareholders' funds
6,099 
49,324 
For the year ending 31 March 2021 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 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 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 7 April 2021 and were signed on its behalf by
Lisa Kinsella Director Company Registration No. 11049187
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LJK Taxis Ltd Notes to the Accounts for the year ended 31 March 2021
1
Statutory information
LJK Taxis Ltd is a private company, limited by shares, registered in England and Wales, registration number 11049187. The registered office is 41 OLDFIELDS ROAD, SUTTON, SURREY, SM1 2NB, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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% on Cost
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2020
510,088 
At 31 March 2021
510,088 
Depreciation
At 1 April 2020
201,829 
Charge for the year
51,009 
At 31 March 2021
252,838 
Net book value
At 31 March 2021
257,250 
At 31 March 2020
308,259 
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LJK Taxis Ltd Notes to the Accounts for the year ended 31 March 2021
5
Debtors
2021 
2020 
£ 
£ 
Less than one year
VAT
18,483 
21,712 
Trade debtors
- 
800 
Other debtors
22,202 
- 
Total debtors less than one year
40,685 
22,512 
Greater than one year
Total debtors
40,685 
22,512 
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
Obligations under finance leases and hire purchase contracts
152,653 
167,689 
Trade creditors
- 
921 
Other creditors
2,551 
- 
Accruals
750 
750 
155,954 
169,360 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
48,000 
- 
Obligations under finance leases and hire purchase contracts
94,720 
123,752 
142,720 
123,752 
8
Share capital
2021 
2020 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 0 (2020: 0).
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