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REGISTERED NUMBER: 08360201 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Pembrokeshire Taxi and Minibus Hire
Limited

Pembrokeshire Taxi and Minibus Hire
Limited (Registered number: 08360201)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Pembrokeshire Taxi and Minibus Hire
Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs R A Coulson
A Flowers





REGISTERED OFFICE: Saint Michaels House
Cosheston
Pembroke Dock
SA72 4UD





REGISTERED NUMBER: 08360201 (England and Wales)





ACCOUNTANTS: Cambrian & Co Ltd
13A Victoria Gardens
Neath
West Glamorgan
SA11 3AY

Pembrokeshire Taxi and Minibus Hire
Limited (Registered number: 08360201)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,007 120,597

CURRENT ASSETS
Stocks 40,200 -
Debtors 5 31,773 27,538
Cash at bank and in hand 93,589 60,033
165,562 87,571
CREDITORS
Amounts falling due within one year 6 189,460 138,708
NET CURRENT LIABILITIES (23,898 ) (51,137 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

130,109

69,460

CREDITORS
Amounts falling due after more than one
year

7

(19,203

)

(27,097

)

PROVISIONS FOR LIABILITIES - (2,056 )
NET ASSETS 110,906 40,307

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 110,904 40,305
110,906 40,307

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

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

Pembrokeshire Taxi and Minibus Hire
Limited (Registered number: 08360201)

Balance Sheet - continued
31 January 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 28 October 2024 and were signed on its behalf by:




Mrs R A Coulson - Director



A Flowers - Director


Pembrokeshire Taxi and Minibus Hire
Limited (Registered number: 08360201)

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

1. STATUTORY INFORMATION

Pembrokeshire Taxi and Minibus Hire 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.

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

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.

Pembrokeshire Taxi and Minibus Hire
Limited (Registered number: 08360201)

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

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 29 (2023 - 23 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 215,534
Additions 109,611
Disposals (80,140 )
At 31 January 2024 245,005
DEPRECIATION
At 1 February 2023 94,937
Charge for year 44,401
Eliminated on disposal (48,340 )
At 31 January 2024 90,998
NET BOOK VALUE
At 31 January 2024 154,007
At 31 January 2023 120,597

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 31,550 27,538
Deferred tax asset 223 -
31,773 27,538

Pembrokeshire Taxi and Minibus Hire
Limited (Registered number: 08360201)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1,717 1,856
Tax 43,472 15,897
Social security and other taxes 4,662 2,223
VAT 19,507 21,974
Other creditors 4,259 -
Pensions due 384 -
Intercompany creditor 35,326 17,726
Directors' current accounts 76,327 77,537
Accrued expenses 3,806 1,495
189,460 138,708

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans - 2-5 years 19,203 27,097

8. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company. The balance owing to directors at the balance sheet date are shown in notes to these financial statements.

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors, but no party has overall control.