1 August 2023 v2025.6.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP007450042023-08-012024-07-31007450042024-07-31007450042023-07-3100745004core:WithinOneYear2024-07-3100745004core:WithinOneYear2023-07-3100745004core:ShareCapital2024-07-3100745004core:ShareCapital2023-07-3100745004core:RetainedEarningsAccumulatedLosses2024-07-3100745004core:RetainedEarningsAccumulatedLosses2023-07-3100745004bus:Director12023-08-012024-07-3100745004bus:RegisteredOffice2023-08-012024-07-3100745004core:NetGoodwill2023-08-012024-07-3100745004core:LandBuildings2023-08-012024-07-3100745004core:PlantMachinery2023-08-012024-07-3100745004core:OfficeEquipment2023-08-012024-07-31007450042022-08-012023-07-3100745004core:NetGoodwill2024-07-3100745004core:LandBuildings2023-08-0100745004core:PlantMachinery2023-08-01007450042023-08-0100745004core:LandBuildings2024-07-3100745004core:PlantMachinery2024-07-3100745004core:LandBuildings2023-07-3100745004core:PlantMachinery2023-07-310074500412023-08-012024-07-3100745004countries:EnglandWales2023-08-012024-07-3100745004bus:AuditExemptWithAccountantsReport2023-08-012024-07-3100745004bus:PrivateLimitedCompanyLtd2023-08-012024-07-3100745004bus:SmallEntities2023-08-012024-07-3100745004bus:FullAccounts2023-08-012024-07-31
Company registration number:
00745004
Coxon's Taxis Limited
Unaudited Filleted Financial Statements for the year ended
31 July 2024
Coxon's Taxis Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Coxon's Taxis Limited
Year ended
31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements
of
Coxon's Taxis Limited
for the year ended
31 July 2024
which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
Coxon's Taxis Limited
, as a body. Our work has been undertaken solely to prepare for your approval the
financial statements
of
Coxon's Taxis Limited
and state those matters that we have agreed to state to the Board of Directors of
Coxon's Taxis Limited
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Technical/​fact/​tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than
Coxon's Taxis Limited
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
Coxon's Taxis Limited
has kept adequate accounting records and to prepare statutory
financial statements
that give a true and fair view of the assets, liabilities, financial position and profit of
Coxon's Taxis Limited
. You consider that
Coxon's Taxis Limited
is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Coxon's Taxis Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
A G Smith & Co Ltd
Chartered Certified Accountants
Unit 8 Laceby Business Park
Grimsby Road
Laceby
North East Lincolnshire
DN37 7DP
United Kingdom
Date:
22 January 2025
Coxon's Taxis Limited
Statement of Financial Position
31 July 2024
20242023
Note££
Fixed assets    
Tangible assets 6
78,686
 
83,925
 
Current assets    
Debtors 7
269,449
 
277,508
 
Cash at bank and in hand
430,704
 
375,643
 
700,153
 
653,151
 
Creditors: amounts falling due within one year 8
(508,078
)
(471,117
)
Net current assets
192,075
 
182,034
 
Total assets less current liabilities 270,761   265,959  
Capital and reserves    
Called up share capital
105
 
100
 
Profit and loss account
270,656
 
265,859
 
Shareholders funds
270,761
 
265,959
 
For the year ending
31 July 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
22 January 2025
, and are signed on behalf of the board by:
V Rendall
Director
Company registration number:
00745004
Coxon's Taxis Limited
Notes to the Financial Statements
Year ended
31 July 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
34-38 Kent Street
,
Grimsby
,
DN32 7DG
, .

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for services supplied, net of discounts and Value Added Tax.

Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Land and buildings
Straight line over 50 years.
Plant and machinery
20% straight line.
Office equipment
33% straight line

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Average number of employees

The average number of persons employed by the company during the year was
20
(2023:
20.00
).

5 Intangible assets

Goodwill
£
Cost  
At
1 August 2023
and
31 July 2024
4,000
 
Amortisation  
At
1 August 2023
and
31 July 2024
4,000
 
Carrying amount  
At
31 July 2024
-  
At 31 July 2023 -  

6 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 August 2023
93,473
 
354,272
 
447,745
 
Additions -  
1,217
 
1,217
 
At
31 July 2024
93,473
 
355,489
 
448,962
 
Depreciation      
At
1 August 2023
22,379
 
341,441
 
363,820
 
Charge
1,868
 
4,588
 
6,456
 
At
31 July 2024
24,247
 
346,029
 
370,276
 
Carrying amount      
At
31 July 2024
69,226
 
9,460
 
78,686
 
At 31 July 2023
71,094
 
12,831
 
83,925
 

7 Debtors

20242023
££
Trade debtors
240,276
 
259,184
 
Other debtors
29,173
 
18,324
 
269,449
 
277,508
 

8 Creditors: amounts falling due within one year

20242023
££
Trade creditors
370,922
 
338,658
 
Taxation and social security
136,811
 
128,488
 
Other creditors
345
 
3,971
 
508,078
 
471,117
 

9 Directors' advances, credit and guarantees

During the year, advances of £309 were made to a Director. This amount was outstanding at the year end, is interest free and repayable on demand.