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REGISTERED NUMBER: 06849144 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 March 2024

for

A W Taxis Limited

A W Taxis Limited (Registered number: 06849144)






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


A W Taxis Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: A P White





REGISTERED OFFICE: 37 Coombs Road
Coombs Park
Coleford
Gloucestershire
GL16 8AY





REGISTERED NUMBER: 06849144 (England and Wales)





ACCOUNTANTS: SA Accountancy
5 Victoria Street
Cinderford
Gloucestershire
GL14 2ET

A W Taxis Limited (Registered number: 06849144)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 49,028 22,952
49,028 22,952

CURRENT ASSETS
Debtors 6 - 851

CREDITORS
Amounts falling due within one year 7 22,156 14,204
NET CURRENT LIABILITIES (22,156 ) (13,353 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,872

9,599

CREDITORS
Amounts falling due after more than one year 8 79,312 49,995
NET LIABILITIES (52,440 ) (40,396 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (52,540 ) (40,496 )
SHAREHOLDERS' FUNDS (52,440 ) (40,396 )

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 director acknowledges his 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.

A W Taxis Limited (Registered number: 06849144)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





A P White - Director


A W Taxis Limited (Registered number: 06849144)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

A W 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 2009, is being amortised evenly over its estimated useful life of five 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 - 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 Statement of Income and Retained Earnings, 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.

A W Taxis Limited (Registered number: 06849144)

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 7,500
AMORTISATION
At 1 April 2023
and 31 March 2024 7,500
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 4,531 63,462 67,993
Additions 1,217 40,829 42,046
At 31 March 2024 5,748 104,291 110,039
DEPRECIATION
At 1 April 2023 2,954 42,087 45,041
Charge for year 419 15,551 15,970
At 31 March 2024 3,373 57,638 61,011
NET BOOK VALUE
At 31 March 2024 2,375 46,653 49,028
At 31 March 2023 1,577 21,375 22,952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 851

A W Taxis Limited (Registered number: 06849144)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 12,624 9,901
Trade creditors 263 277
Taxation and social security 1,535 5
Other creditors 7,734 4,021
22,156 14,204

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 53,645 21,120
Other creditors 25,667 28,875
79,312 49,995