WATFORD UNITED TAXIS LIMITED - Accounts

WATFORD UNITED TAXIS LIMITED - Accounts

WATFORD UNITED TAXIS LIMITED - Company Information

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Registered Number: 01764244
England and Wales

 

 

 

WATFORD UNITED TAXIS LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

WATFORD UNITED TAXIS LIMITED
Contents Page
For the year ended 28 February 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 28 February 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
PHS Associates Acc & Co Ltd
28 February 2023



....................................................
PHS Associates Acc & Co Ltd
223
St. Albans Road
Watford
WD24 5BH
24 November 2023
1
 
 		 Notes
 		 2023
£		   2022
£
Fixed assets      
Tangible fixed assets 3 1    1 
1    1 
Current assets      
Debtors 11,944    6,479 
Creditors: amount falling due within one year (18,894)   (13,138)
Net current liabilities (6,950)   (6,659)
 
Total assets less current liabilities (6,949)   (6,658)
Creditors: amount falling due after more than one year (12,074)   (22,281)
Net liabilities (19,023)   (28,939)
 

Capital and reserves 		     
Called up share capital 2    2 
Profit and loss account (19,025)   (28,941)
Shareholder's funds (19,023)   (28,939)
 


For the year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 24 November 2023 and were signed by:


-------------------------------
Mohammad MUNIR
Director
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General Information
WATFORD UNITED TAXIS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01764244, registration address Red Star Building, Station Road, Watford, WD17 1EU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25 Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 March 2022 1,973    1,973 
Additions -    - 
Disposals -    - 
At 28 February 2023 1,973    1,973 
Depreciation
At 01 March 2022 1,972    1,972 
Charge for year -    - 
On disposals -    - 
At 28 February 2023 1,972    1,972 
Net book values
Closing balance as at 28 February 2023 1    1 
Opening balance as at 01 March 2022 1    1 


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