Company registration number:
SC364682
107 Taxis Ltd
Unaudited filleted financial statements
31 August 2020
107 Taxis Ltd
Contents
Directors and other information
Accountants report
Statement of financial position and notes to the financial statements
107 Taxis Ltd
Directors and other information
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Directors
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Mr David Gibb
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Mrs Joan Gibb
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Mr Blair Gibb
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Company number
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SC364682
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Registered office
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34 Laichpark Road
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Edinburgh
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EH14 1XB
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Business address
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34 Laichpark Road
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Edinburgh
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EH14 1XB
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Accountants
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Ian J Brown & Company
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4 Lothian Street
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Dalkeith
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Midlothian
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EH22 1DS
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107 Taxis Ltd
Report to the board of directors on the preparation of the
unaudited statutory financial statements of 107 Taxis Ltd
Year ended 31 August 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 107 Taxis Ltd for the year ended 31 August 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of 107 Taxis Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of 107 Taxis Ltd and state those matters that we have agreed to state to the board of directors of 107 Taxis Ltd as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 107 Taxis Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that 107 Taxis Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 107 Taxis Ltd. You consider that 107 Taxis Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of 107 Taxis Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Ian J Brown & Company
4 Lothian Street
Dalkeith
Midlothian
EH22 1DS
21 January 2021
107 Taxis Ltd
Statement of financial position
31 August 2020
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2020
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2019
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£
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£
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Fixed assets
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30,000
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30,000
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_______
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_______
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Creditors: amounts falling due within one year
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(
28,999)
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29,616)
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_______
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_______
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Net current liabilities
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(
28,999)
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(
29,616)
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_______
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_______
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Total assets less current liabilities
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1,001
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384
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Accruals and deferred income
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(
312)
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(
312)
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_______
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Net assets
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689
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72
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Capital and reserves
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689
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72
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Notes to the financial statements
107 Taxis Ltd
Year ended 31 August 2020
1.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company:
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2020
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Balance brought forward
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Advances /(credits) to the directors
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Amounts repaid
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Balance o/standing
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£
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£
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£
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£
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Mr David Gibb
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(
28,533)
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6,000
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(
5,383)
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(
27,916)
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2019
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Balance brought forward
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Advances /(credits) to the directors
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Amounts repaid
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Balance o/standing
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£
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£
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£
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£
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Mr David Gibb
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(
28,552)
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6,000
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(
5,981)
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(
28,533)
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For the year ending 31 August 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
21 January 2021
, and are signed on behalf of the board by:
Mr David Gibb
Director
Company registration number:
SC364682
The company is a private company limited by shares, registered in Scotland.