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REGISTERED NUMBER: 01281627 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

WHITESIDE TAXIS LIMITED

WHITESIDE TAXIS LIMITED (REGISTERED NUMBER: 01281627)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHITESIDE TAXIS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: Mr J H Whiteside
Mr J D Whiteside





REGISTERED OFFICE: Station Yard
St Andrew's Road North
Lytham St Annes
Lancashire
FY8 2JE





REGISTERED NUMBER: 01281627 (England and Wales)





ACCOUNTANTS: Jones Harris Limited
17 St Peters Place
Fleetwood
Lancashire
FY7 6EB

WHITESIDE TAXIS LIMITED (REGISTERED NUMBER: 01281627)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 24,632 32,843
Tangible assets 5 631,464 671,340
656,096 704,183

CURRENT ASSETS
Stocks 6 2,000 2,000
Debtors 7 111,508 662,392
Cash at bank and in hand 80,459 54,977
193,967 719,369
CREDITORS
Amounts falling due within one year 8 (707,846 ) (683,665 )
NET CURRENT (LIABILITIES)/ASSETS (513,879 ) 35,704
TOTAL ASSETS LESS CURRENT
LIABILITIES

142,217

739,887

CREDITORS
Amounts falling due after more than one
year

9

(18,479

)

(227,391

)
NET ASSETS 123,738 512,496

CAPITAL AND RESERVES
Called up share capital 193 193
Share premium 1 1
Retained earnings 123,544 512,302
SHAREHOLDERS' FUNDS 123,738 512,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WHITESIDE TAXIS LIMITED (REGISTERED NUMBER: 01281627)

BALANCE SHEET - continued
31 March 2024


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2024 and were signed on its behalf by:





Mr J D Whiteside - Director


WHITESIDE TAXIS LIMITED (REGISTERED NUMBER: 01281627)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Whiteside Taxis 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 2017, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 4% on cost
Hackney plates - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

WHITESIDE TAXIS LIMITED (REGISTERED NUMBER: 01281627)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 11 (2023 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 82,110
AMORTISATION
At 1 April 2023 49,267
Amortisation for year 8,211
At 31 March 2024 57,478
NET BOOK VALUE
At 31 March 2024 24,632
At 31 March 2023 32,843

WHITESIDE TAXIS LIMITED (REGISTERED NUMBER: 01281627)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Freehold Hackney Plant and
property plates machinery
£    £    £   
COST
At 1 April 2023 278,638 103,000 92,311
Additions 12,854 - 9,400
Disposals - - -
At 31 March 2024 291,492 103,000 101,711
DEPRECIATION
At 1 April 2023 125,297 - 76,101
Charge for year 4,807 - 6,402
Eliminated on disposal - - -
At 31 March 2024 130,104 - 82,503
NET BOOK VALUE
At 31 March 2024 161,388 103,000 19,208
At 31 March 2023 153,341 103,000 16,210

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 767,446 24,282 1,265,677
Additions 75,832 - 98,086
Disposals (26,574 ) - (26,574 )
At 31 March 2024 816,704 24,282 1,337,189
DEPRECIATION
At 1 April 2023 378,233 14,706 594,337
Charge for year 114,080 3,943 129,232
Eliminated on disposal (17,844 ) - (17,844 )
At 31 March 2024 474,469 18,649 705,725
NET BOOK VALUE
At 31 March 2024 342,235 5,633 631,464
At 31 March 2023 389,213 9,576 671,340

WHITESIDE TAXIS LIMITED (REGISTERED NUMBER: 01281627)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023 434,447
Transfer to ownership (111,901 )
At 31 March 2024 322,546
DEPRECIATION
At 1 April 2023 209,047
Charge for year 45,909
Transfer to ownership (70,137 )
At 31 March 2024 184,819
NET BOOK VALUE
At 31 March 2024 137,727
At 31 March 2023 225,400

6. STOCKS
2024 2023
£    £   
Stocks 2,000 2,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 83,553 61,908
Other Debtors - 574,013
Prepayments 27,955 26,471
111,508 662,392

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,417 17,055
Hire purchase contracts (see note 10) 71,381 127,453
Trade creditors 1,174 11,298
Tax 68,756 42,461
Social security and other taxes 3,370 -
VAT 42,382 34,636
Other creditors 487,559 403,795
Directors' current accounts 2,325 41,026
Accruals and deferred income 11,482 5,941
707,846 683,665

WHITESIDE TAXIS LIMITED (REGISTERED NUMBER: 01281627)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 136,692
Hire purchase contracts (see note 10) 18,479 90,699
18,479 227,391

Bank loans outstanding at the year end amounted to £19,417 (2023 - £153,747 and include instalments due after more than five years of £nil..

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 71,381 127,453
Between one and five years 18,479 90,699
89,860 218,152

Non-cancellable operating leases
2024 2023
£    £   
Within one year 13,519 -
Between one and five years 9,012 -
22,531 -

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 19,417 153,747
Hire purchase contracts 89,860 218,152
109,277 371,899

WHITESIDE TAXIS LIMITED (REGISTERED NUMBER: 01281627)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J H Whiteside and Mr J D Whiteside
Balance outstanding at start of year - -
Amounts advanced 5,528 5,138
Amounts repaid (5,528 ) (5,138 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £50,000 (2023 - £24,000) were paid to the directors .