BrightAccountsProduction v1.0.0 v1.0.0 2023-05-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is a taxi agency. 27 January 2025 2 2 NI644928 2024-04-30 NI644928 2023-04-30 NI644928 2022-04-30 NI644928 2023-05-01 2024-04-30 NI644928 2022-05-01 2023-04-30 NI644928 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 NI644928 uk-curr:PoundSterling 2023-05-01 2024-04-30 NI644928 uk-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 NI644928 uk-bus:FullAccounts 2023-05-01 2024-04-30 NI644928 uk-core:ShareCapital 2024-04-30 NI644928 uk-core:ShareCapital 2023-04-30 NI644928 uk-core:RetainedEarningsAccumulatedLosses 2024-04-30 NI644928 uk-core:RetainedEarningsAccumulatedLosses 2023-04-30 NI644928 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-04-30 NI644928 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-04-30 NI644928 uk-bus:FRS102 2023-05-01 2024-04-30 NI644928 uk-core:Goodwill 2023-05-01 2024-04-30 NI644928 uk-core:PlantMachinery 2023-05-01 2024-04-30 NI644928 uk-core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 NI644928 uk-core:Goodwill 2023-04-30 NI644928 uk-core:Goodwill 2024-04-30 NI644928 uk-core:CurrentFinancialInstruments 2024-04-30 NI644928 uk-core:CurrentFinancialInstruments 2023-04-30 NI644928 uk-core:WithinOneYear 2024-04-30 NI644928 uk-core:WithinOneYear 2023-04-30 NI644928 uk-core:WithinOneYear 2024-04-30 NI644928 uk-core:WithinOneYear 2023-04-30 NI644928 uk-core:AfterOneYear 2024-04-30 NI644928 uk-core:AfterOneYear 2023-04-30 NI644928 uk-core:EmployeeBenefits 2023-04-30 NI644928 uk-core:EmployeeBenefits 2023-05-01 2024-04-30 NI644928 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-04-30 NI644928 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-04-30 NI644928 uk-core:OtherDeferredTax 2024-04-30 NI644928 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-04-30 NI644928 uk-core:EmployeeBenefits 2024-04-30 NI644928 2023-05-01 2024-04-30 NI644928 uk-bus:Director1 2023-05-01 2024-04-30 NI644928 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
Company Registration Number: NI644928
 
 
Urgent Taxis Ltd
 
Unaudited Financial Statements
 
for the financial year ended 30 April 2024
Urgent Taxis Ltd
Company Registration Number: NI644928
BALANCE SHEET
as at 30 April 2024

2024 2023
Notes £ £
 
Fixed Assets
Intangible assets 4 26,055 27,502
Tangible assets 5 1,133 1,416
───────── ─────────
Fixed Assets 27,188 28,918
───────── ─────────
 
Current Assets
Debtors 6 30,628 27,964
Cash and cash equivalents 23,048 -
───────── ─────────
53,676 27,964
───────── ─────────
Creditors: amounts falling due within one year 7 (10,840) (13,987)
───────── ─────────
Net Current Assets 42,836 13,977
───────── ─────────
Total Assets less Current Liabilities 70,024 42,895
 
Creditors:
amounts falling due after more than one year 8 (5,525) (28)
 
Provisions for liabilities 9 (283) (269)
───────── ─────────
Net Assets 64,216 42,598
═════════ ═════════
 
Capital and Reserves
Called up share capital 4 4
Retained earnings 64,212 42,594
───────── ─────────
Equity attributable to owners of the company 64,216 42,598
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 27 January 2025
           
           
________________________________          
Mr. Eamon Meenagh          
Director          
           



Urgent Taxis Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 30 April 2024

   
1. General Information
 
Urgent Taxis Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 24 Bridge Street, Omagh, Co Tyrone which is also the principal place of business of the company. The principal activity of the company is a taxi agency. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 30 April 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Goodwill
Purchased goodwill arising on the acquisition of a business represents the excess of the acquisition cost over the fair value of the identifiable net assets including other intangible fixed assets when they were acquired. Purchased goodwill is capitalised in the Balance Sheet and amortised on a straight line basis over its economic useful life of 25 years, which is estimated to be the period during which benefits are expected to arise.  On disposal of a business any goodwill not yet amortised is included in determining the profit or loss on sale of the business.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was:
 
  2024 2023
  Number Number
 
Employee 2 2
  ═════════ ═════════
       
4. Intangible assets
     
  Goodwill Total
  £ £
Cost
At 1 May 2023 36,185 36,185
  ───────── ─────────
 
At 30 April 2024 36,185 36,185
  ───────── ─────────
Amortisation
At 1 May 2023 8,683 8,683
Charge for financial year 1,447 1,447
  ───────── ─────────
At 30 April 2024 10,130 10,130
  ───────── ─────────
Net book value
At 30 April 2024 26,055 26,055
  ═════════ ═════════
At 30 April 2023 27,502 27,502
  ═════════ ═════════
         
5. Tangible assets
  Plant and Fixtures, Total
  machinery fittings and  
    equipment  
  £ £ £
Cost
At 1 May 2023 1,124 3,004 4,128
  ───────── ───────── ─────────
 
At 30 April 2024 1,124 3,004 4,128
  ───────── ───────── ─────────
Depreciation
At 1 May 2023 522 2,190 2,712
Charge for the financial year 120 163 283
  ───────── ───────── ─────────
At 30 April 2024 642 2,353 2,995
  ───────── ───────── ─────────
Net book value
At 30 April 2024 482 651 1,133
  ═════════ ═════════ ═════════
At 30 April 2023 602 814 1,416
  ═════════ ═════════ ═════════
       
6. Debtors 2024 2023
  £ £
 
Trade debtors 30,628 27,924
Other debtors - 40
  ───────── ─────────
  30,628 27,964
  ═════════ ═════════
       
7. Creditors 2024 2023
Amounts falling due within one year £ £
 
Bank overdrafts - 1,872
Trade creditors - 1,304
Taxation 6,053 7,755
Other creditors 3,199 1,480
Accruals:
Pension accrual 88 76
Other accruals 1,500 1,500
  ───────── ─────────
  10,840 13,987
  ═════════ ═════════
       
8. Creditors 2024 2023
Amounts falling due after more than one year £ £
 
Director's loan accounts 5,525 28
  ═════════ ═════════
 
         
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 269 269 336
Charged to profit and loss 14 14 (67)
  ───────── ───────── ─────────
At financial year end 283 283 269
  ═════════ ═════════ ═════════
           
10. Related party transactions
 
At the start of the year the director had an opening Directors Loan Account balance of £28. During the year, Urgent Taxis Limited borrowed £147,734 and repaid £142,237 to the director, leaving a closing balance of £5,525 (2023: £28) owed to the director. This is included in the creditors section of the balance sheet.