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REGISTERED NUMBER: 01799057 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

NORTON TAXI SERVICES LIMITED

NORTON TAXI SERVICES LIMITED (REGISTERED NUMBER: 01799057)

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


NORTON TAXI SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr MD Norton
Mr MR Norton
Ms T Whitehead



REGISTERED OFFICE: 79/81 Main Street
South Croxton
Leicester
Leicestershire
LE7 3RL



REGISTERED NUMBER: 01799057 (England and Wales)



BANKERS: Barclays Bank Plc
2 Bishop Meadow Road
Loughborough
LE11 5RE

NORTON TAXI SERVICES LIMITED (REGISTERED NUMBER: 01799057)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,710 100,004

CURRENT ASSETS
Debtors 5 148,288 112,239
Cash at bank and in hand 178,063 227,221
326,351 339,460
CREDITORS
Amounts falling due within one year 6 149,405 158,923
NET CURRENT ASSETS 176,946 180,537
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,656

280,541

PROVISIONS FOR LIABILITIES 15,810 15,248
NET ASSETS 240,846 265,293

CAPITAL AND RESERVES
Called up share capital 91 91
Capital redemption reserve 15 15
Retained earnings 240,740 265,187
SHAREHOLDERS' FUNDS 240,846 265,293

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.

NORTON TAXI SERVICES LIMITED (REGISTERED NUMBER: 01799057)

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 3 July 2024 and were signed on its behalf by:





Mr MD Norton - Director


NORTON TAXI SERVICES LIMITED (REGISTERED NUMBER: 01799057)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Norton Taxi Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% 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.

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.

NORTON TAXI SERVICES LIMITED (REGISTERED NUMBER: 01799057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 759,306 338,862 1,098,168
Disposals - (177,938 ) (177,938 )
Impairments - 25,995 25,995
At 31 March 2024 759,306 186,919 946,225
DEPRECIATION
At 1 April 2023 682,787 315,377 998,164
Charge for year 11,478 4,890 16,368
Eliminated on disposal - (148,017 ) (148,017 )
At 31 March 2024 694,265 172,250 866,515
NET BOOK VALUE
At 31 March 2024 65,041 14,669 79,710
At 31 March 2023 76,519 23,485 100,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 137,891 105,315
Other debtors 10,397 6,924
148,288 112,239

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 12,415 19,857
Taxation and social security 21,388 21,627
Other creditors 115,602 117,439
149,405 158,923

NORTON TAXI SERVICES LIMITED (REGISTERED NUMBER: 01799057)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr MD Norton.