2023-03-012024-02-292024-02-29false07952765LEWIS TAXIS CYF2024-11-2549320iso4217:GBPxbrli:pure079527652023-03-01079527652024-02-29079527652023-03-012024-02-29079527652022-03-01079527652023-02-28079527652022-03-012023-02-2807952765bus:SmallEntities2023-03-012024-02-2907952765bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2907952765bus:FullAccounts2023-03-012024-02-2907952765bus:PrivateLimitedCompanyLtd2023-03-012024-02-2907952765core:WithinOneYear2024-02-2907952765core:AfterOneYear2024-02-2907952765core:WithinOneYear2023-02-2807952765core:AfterOneYear2023-02-2807952765core:ShareCapital2024-02-2907952765core:SharePremium2024-02-2907952765core:RevaluationReserve2024-02-2907952765core:OtherReservesSubtotal2024-02-2907952765core:RetainedEarningsAccumulatedLosses2024-02-2907952765core:ShareCapital2023-02-2807952765core:SharePremium2023-02-2807952765core:RevaluationReserve2023-02-2807952765core:OtherReservesSubtotal2023-02-2807952765core:RetainedEarningsAccumulatedLosses2023-02-2807952765core:LandBuildings2024-02-2907952765core:PlantMachinery2024-02-2907952765core:Vehicles2024-02-2907952765core:FurnitureFittings2024-02-2907952765core:OfficeEquipment2024-02-2907952765core:NetGoodwill2024-02-2907952765core:IntangibleAssetsOtherThanGoodwill2024-02-2907952765core:ListedExchangeTraded2024-02-2907952765core:UnlistedNon-exchangeTraded2024-02-2907952765core:LandBuildings2023-02-2807952765core:PlantMachinery2023-02-2807952765core:Vehicles2023-02-2807952765core:FurnitureFittings2023-02-2807952765core:OfficeEquipment2023-02-2807952765core:NetGoodwill2023-02-2807952765core:IntangibleAssetsOtherThanGoodwill2023-02-2807952765core:ListedExchangeTraded2023-02-2807952765core:UnlistedNon-exchangeTraded2023-02-2807952765core:LandBuildings2023-03-012024-02-2907952765core:PlantMachinery2023-03-012024-02-2907952765core:Vehicles2023-03-012024-02-2907952765core:FurnitureFittings2023-03-012024-02-2907952765core:OfficeEquipment2023-03-012024-02-2907952765core:NetGoodwill2023-03-012024-02-2907952765core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907952765core:ListedExchangeTraded2023-03-012024-02-2907952765core:UnlistedNon-exchangeTraded2023-03-012024-02-2907952765core:MoreThanFiveYears2023-03-012024-02-2907952765core:Non-currentFinancialInstruments2024-02-2907952765core:Non-currentFinancialInstruments2023-02-2807952765dpl:CostSales2023-03-012024-02-2907952765dpl:DistributionCosts2023-03-012024-02-2907952765core:LandBuildings2023-03-012024-02-2907952765core:PlantMachinery2023-03-012024-02-2907952765core:Vehicles2023-03-012024-02-2907952765core:FurnitureFittings2023-03-012024-02-2907952765core:OfficeEquipment2023-03-012024-02-2907952765dpl:AdministrativeExpenses2023-03-012024-02-2907952765core:NetGoodwill2023-03-012024-02-2907952765core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2907952765dpl:GroupUndertakings2023-03-012024-02-2907952765dpl:ParticipatingInterests2023-03-012024-02-2907952765dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2907952765core:ListedExchangeTraded2023-03-012024-02-2907952765dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2907952765core:UnlistedNon-exchangeTraded2023-03-012024-02-2907952765dpl:CostSales2022-03-012023-02-2807952765dpl:DistributionCosts2022-03-012023-02-2807952765core:LandBuildings2022-03-012023-02-2807952765core:PlantMachinery2022-03-012023-02-2807952765core:Vehicles2022-03-012023-02-2807952765core:FurnitureFittings2022-03-012023-02-2807952765core:OfficeEquipment2022-03-012023-02-2807952765dpl:AdministrativeExpenses2022-03-012023-02-2807952765core:NetGoodwill2022-03-012023-02-2807952765core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2807952765dpl:GroupUndertakings2022-03-012023-02-2807952765dpl:ParticipatingInterests2022-03-012023-02-2807952765dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2807952765core:ListedExchangeTraded2022-03-012023-02-2807952765dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2807952765core:UnlistedNon-exchangeTraded2022-03-012023-02-2807952765core:NetGoodwill2024-02-2907952765core:IntangibleAssetsOtherThanGoodwill2024-02-2907952765core:LandBuildings2024-02-2907952765core:PlantMachinery2024-02-2907952765core:Vehicles2024-02-2907952765core:FurnitureFittings2024-02-2907952765core:OfficeEquipment2024-02-2907952765core:AfterOneYear2024-02-2907952765core:WithinOneYear2024-02-2907952765core:ListedExchangeTraded2024-02-2907952765core:UnlistedNon-exchangeTraded2024-02-2907952765core:ShareCapital2024-02-2907952765core:SharePremium2024-02-2907952765core:RevaluationReserve2024-02-2907952765core:OtherReservesSubtotal2024-02-2907952765core:RetainedEarningsAccumulatedLosses2024-02-2907952765core:NetGoodwill2023-02-2807952765core:IntangibleAssetsOtherThanGoodwill2023-02-2807952765core:LandBuildings2023-02-2807952765core:PlantMachinery2023-02-2807952765core:Vehicles2023-02-2807952765core:FurnitureFittings2023-02-2807952765core:OfficeEquipment2023-02-2807952765core:AfterOneYear2023-02-2807952765core:WithinOneYear2023-02-2807952765core:ListedExc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LEWIS TAXIS CYF

Registered Number
07952765
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

LEWIS TAXIS CYF
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

MM Benjamin
GR Lewis
JR Stacey-Lewis

Company Secretary

SA Diamond

Registered Address

2 Bryneithin
Llanrhystud
Aberystwyth
SY23 5DN

Registered Number

07952765 (England and Wales)
LEWIS TAXIS CYF
Statement of Financial Position
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3170,20784,654
170,20784,654
Current assets
Debtors100,953102,940
Cash at bank and on hand86,23467,463
187,187170,403
Creditors amounts falling due within one year4(91,865)(100,567)
Net current assets (liabilities)95,32269,836
Total assets less current liabilities265,529154,490
Creditors amounts falling due after one year5(50,936)(23,333)
Provisions for liabilities7(23,652)(14,383)
Accruals and deferred income(4,224)(4,885)
Net assets186,717111,889
Capital and reserves
Called up share capital52
Profit and loss account186,712111,887
Shareholders' funds186,717111,889
The financial statements were approved and authorised for issue by the Board of Directors on 25 November 2024, and are signed on its behalf by:
GR Lewis
Director
Registered Company No. 07952765
LEWIS TAXIS CYF
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery15
Vehicles25
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
Government grants or assistance
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received. A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
2.Average number of employees

20242023
Average number of employees during the year1717
3.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 March 2336,521210,633247,154
Additions832111,462112,294
Disposals-(7,800)(7,800)
At 29 February 2437,353314,295351,648
Depreciation and impairment
At 01 March 2318,504143,996162,500
Charge for year2,71320,24822,961
On disposals-(4,020)(4,020)
At 29 February 2421,217160,224181,441
Net book value
At 29 February 2416,136154,071170,207
At 28 February 2318,01766,63784,654
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables14,91110,807
Bank borrowings and overdrafts10,00010,000
Taxation and social security24,71832,332
Finance lease and HP contracts10,4173,112
Other creditors31,81944,316
Total91,865100,567
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts13,33323,333
Other creditors37,603-
Total50,93623,333
6.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts37,603-
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)23,65214,383
Total23,65214,383
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
GR Lewis37,290012,30224,988
37,290012,30224,988
9.Controlling party
The company is controlled by its shareholders, Mr GR Lewis and Mr JR Stacey-Lewis