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REGISTERED NUMBER: 09473829 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Yvonne's Taxis Ltd

Yvonne's Taxis Ltd (Registered number: 09473829)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Yvonne's Taxis Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B A Matt
P A Matt





SECRETARIES: Mrs Y Matt
Mrs G L Matt-Doney





REGISTERED OFFICE: 18 High Street
Ruskington
Lincolnshire
NG34 9DP





REGISTERED NUMBER: 09473829 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Northgate House
Northgate
Sleaford
Lincolnshire
NG34 7BZ

Yvonne's Taxis Ltd (Registered number: 09473829)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 10,400 16,800
Tangible assets 5 340,763 331,017
351,163 347,817

CURRENT ASSETS
Debtors 6 38,619 28,920
Cash at bank and in hand 66,261 97,510
104,880 126,430
CREDITORS
Amounts falling due within one year 7 79,066 75,258
NET CURRENT ASSETS 25,814 51,172
TOTAL ASSETS LESS CURRENT
LIABILITIES

376,977

398,989

CREDITORS
Amounts falling due after more than one
year

8

194,788

256,192
NET ASSETS 182,189 142,797

CAPITAL AND RESERVES
Called up share capital 9 101 101
Retained earnings 182,088 142,696
SHAREHOLDERS' FUNDS 182,189 142,797

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.

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 4 November 2024 and were signed on its behalf by:





P A Matt - Director


Yvonne's Taxis Ltd (Registered number: 09473829)

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

1. STATUTORY INFORMATION

Yvonne's Taxis Ltd 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 represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Additional goodwill paid on the acquisition of Woodside Taxis in 2018 is also 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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Yvonne's Taxis Ltd (Registered number: 09473829)

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.

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 8 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 64,000
AMORTISATION
At 1 April 2023 47,200
Charge for year 6,400
At 31 March 2024 53,600
NET BOOK VALUE
At 31 March 2024 10,400
At 31 March 2023 16,800

5. TANGIBLE FIXED ASSETS
Land and Plant and Motor
Buildings machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 209,246 11,940 238,382 459,568
Additions - 748 47,007 47,755
Disposals - - (5,750 ) (5,750 )
At 31 March 2024 209,246 12,688 279,639 501,573
DEPRECIATION
At 1 April 2023 - 8,486 120,065 128,551
Charge for year - 989 35,793 36,782
Eliminated on disposal - - (4,523 ) (4,523 )
At 31 March 2024 - 9,475 151,335 160,810
NET BOOK VALUE
At 31 March 2024 209,246 3,213 128,304 340,763
At 31 March 2023 209,246 3,454 118,317 331,017

Yvonne's Taxis Ltd (Registered number: 09473829)

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:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 27,100
DEPRECIATION
At 1 April 2023 575
Charge for year 11,276
At 31 March 2024 11,851
NET BOOK VALUE
At 31 March 2024 15,249
At 31 March 2023 26,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 13,955 7,255
Other debtors 24,664 21,665
38,619 28,920

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,315 20,315
Hire purchase contracts 15,627 15,106
Trade creditors 1,977 395
Taxation and social security 35,924 35,826
Other creditors 5,223 3,616
79,066 75,258

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 79,608 94,978
Hire purchase contracts 2,594 17,445
Other creditors 112,586 143,769
194,788 256,192

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
101 Ordinary £1 101 101