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REGISTERED NUMBER: 02567228 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

STREAMLINE TAXIS (YORK) LIMITED

STREAMLINE TAXIS (YORK) LIMITED (REGISTERED NUMBER: 02567228)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


STREAMLINE TAXIS (YORK) LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2023







DIRECTORS: S J Brown
M J Goldsborough
B A Kasher
D L Rhodes
D Bekatoros
D Alexander
T Fernie
G Fox
S Leeke
J Thomas





REGISTERED OFFICE: Cromwell House
7 Cumberland Street
York
YO1 9SW





REGISTERED NUMBER: 02567228 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
Equinox House
Clifton Park, Shipton Road
York
Yorkshire
YO30 5PA

STREAMLINE TAXIS (YORK) LIMITED (REGISTERED NUMBER: 02567228)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,216 12,325
Tangible assets 5 852,585 623,636
860,801 635,961

CURRENT ASSETS
Debtors 6 444,975 336,691
Cash at bank 162,557 370,950
607,532 707,641
CREDITORS
Amounts falling due within one year 7 582,561 443,268
NET CURRENT ASSETS 24,971 264,373
TOTAL ASSETS LESS CURRENT LIABILITIES 885,772 900,334

CREDITORS
Amounts falling due after more than
one year

8

(210,277

)

(81,380

)

PROVISIONS FOR LIABILITIES (39,800 ) (29,188 )
NET ASSETS 635,695 789,766

CAPITAL AND RESERVES
Called up share capital 36 36
Share premium 52,927 52,927
Revaluation reserve 9 184,348 184,348
Retained earnings 398,384 552,455
SHAREHOLDERS' FUNDS 635,695 789,766

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

STREAMLINE TAXIS (YORK) LIMITED (REGISTERED NUMBER: 02567228)

BALANCE SHEET - continued
31 December 2023


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 14 August 2024 and were signed on its behalf by:




M J Goldsborough - Director



S Leeke - Director


STREAMLINE TAXIS (YORK) LIMITED (REGISTERED NUMBER: 02567228)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023


1. STATUTORY INFORMATION

Streamline Taxis (York) 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 amounts receivable from the provision of school contract services, and from the provision of agency services to self employed private hire taxi drivers. Turnover is disclosed excluding VAT.

Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% 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.

STREAMLINE TAXIS (YORK) LIMITED (REGISTERED NUMBER: 02567228)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


2. ACCOUNTING POLICIES - continued

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.

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 71 (2022 - 71 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 92,175
AMORTISATION
At 1 January 2023 79,850
Amortisation for year 4,109
At 31 December 2023 83,959
NET BOOK VALUE
At 31 December 2023 8,216
At 31 December 2022 12,325

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 377,668 379,311 114,898 951,677 1,823,554
Additions - 2,579 1,124 360,313 364,016
Disposals - - - (46,073 ) (46,073 )
At 31 December 2023 377,668 381,890 116,022 1,265,917 2,141,497
DEPRECIATION
At 1 January 2023 57,533 321,932 90,858 729,595 1,199,918
Charge for year 4,753 14,847 6,318 99,791 125,709
Eliminated on disposal - - - (36,715 ) (36,715 )
At 31 December 2023 62,286 336,779 97,176 792,671 1,288,912
NET BOOK VALUE
At 31 December 2023 315,382 45,111 18,846 473,246 852,585
At 31 December 2022 320,135 57,379 24,040 222,082 623,636

STREAMLINE TAXIS (YORK) LIMITED (REGISTERED NUMBER: 02567228)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


5. TANGIBLE FIXED ASSETS - continued

Freehold land and buildings with a net carrying amount of £315,382 (2022 - £320,135) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

During the year ended 31 December 2009 Land & Buildings were revalued by Lawrence Hannah LLP on the basis of open market value. The uplift on valuation was included in the value of fixed assets and is reflected in the revaluation reserve. The cost or valuation of freehold land and buildings on which depreciation is charged amounted to £185,000. (2022 - £185,000)

The historical cost of freehold land and buildings included above at a valuation of £377,668 was £149,052 and the aggregate depreciation based theron was £8,400.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 328,488 236,264
Other debtors 116,487 100,427
444,975 336,691

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 14,823 14,823
Hire purchase contracts 119,738 -
Trade creditors 255,130 245,842
Taxation and social security 185,780 174,054
Other creditors 7,090 8,549
582,561 443,268

The net obligations under hire purchase contracts are secured on the asset to which they relate.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 70,645 81,380
Hire purchase contracts 139,632 -
210,277 81,380

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr 11,353 22,088

The net obligations under hire purchase contracts are secured on the asset to which they relate.

STREAMLINE TAXIS (YORK) LIMITED (REGISTERED NUMBER: 02567228)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023


9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 184,348

10. RELATED PARTY DISCLOSURES

The directors each own one share in the company.