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REGISTERED NUMBER: 02431830 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Wookey Taxis (Consortium) Limited

Wookey Taxis (Consortium) Limited (Registered number: 02431830)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Wookey Taxis (Consortium) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mrs J A S Church





SECRETARY: Mrs J A S Church





REGISTERED OFFICE: 22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB





REGISTERED NUMBER: 02431830 (England and Wales)





ACCOUNTANTS: Somerset Accountancy Services Ltd
22 Wessex Park
Bancombe Business Estate
Somerton
Somerset
TA11 6SB

Wookey Taxis (Consortium) Limited (Registered number: 02431830)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 13,500 16,200
Tangible assets 5 16,901 21,146
30,401 37,346

CURRENT ASSETS
Debtors 38,807 50,554
Cash at bank and in hand 25,467 48,425
64,274 98,979
CREDITORS
Amounts falling due within one year 77,858 112,692
NET CURRENT LIABILITIES (13,584 ) (13,713 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,817

23,633

CREDITORS
Amounts falling due after more than one
year

(6,264

)

(13,264

)

PROVISIONS FOR LIABILITIES - (218 )
NET ASSETS 10,553 10,151

CAPITAL AND RESERVES
Called up share capital 5 5
Capital redemption reserve 10 10
Retained earnings 10,538 10,136
SHAREHOLDERS' FUNDS 10,553 10,151

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Wookey Taxis (Consortium) Limited (Registered number: 02431830)

Abridged Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





Mrs J A S Church - Director


Wookey Taxis (Consortium) Limited (Registered number: 02431830)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Wookey Taxis (Consortium) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 2019, is being amortised evenly over its estimated useful life of ten years.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Wookey Taxis (Consortium) Limited (Registered number: 02431830)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 27,000
AMORTISATION
At 1 November 2022 10,800
Amortisation for year 2,700
At 31 October 2023 13,500
NET BOOK VALUE

At 31 October 2023 13,500
At 31 October 2022 16,200

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 51,581
DEPRECIATION
At 1 November 2022 30,435
Charge for year 4,245
At 31 October 2023 34,680
NET BOOK VALUE
At 31 October 2023 16,901
At 31 October 2022 21,146

6. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J A S Church.