Coopers Taxis Limited 08920033 false 2023-06-27 2024-06-26 2024-06-26 The principal activity of the company is Taxis Firm Digita Accounts Production Advanced 6.30.9574.0 true true 08920033 2023-06-27 2024-06-26 08920033 2024-06-26 08920033 bus:OrdinaryShareClass1 2024-06-26 08920033 core:CurrentFinancialInstruments 2024-06-26 08920033 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-26 08920033 core:Non-currentFinancialInstruments 2024-06-26 08920033 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-26 08920033 core:Goodwill 2024-06-26 08920033 core:FurnitureFittingsToolsEquipment 2024-06-26 08920033 core:MotorVehicles 2024-06-26 08920033 core:OtherPropertyPlantEquipment 2024-06-26 08920033 bus:SmallEntities 2023-06-27 2024-06-26 08920033 bus:AuditExemptWithAccountantsReport 2023-06-27 2024-06-26 08920033 bus:FilletedAccounts 2023-06-27 2024-06-26 08920033 bus:SmallCompaniesRegimeForAccounts 2023-06-27 2024-06-26 08920033 bus:RegisteredOffice 2023-06-27 2024-06-26 08920033 bus:Director1 2023-06-27 2024-06-26 08920033 bus:Director2 2023-06-27 2024-06-26 08920033 bus:OrdinaryShareClass1 2023-06-27 2024-06-26 08920033 bus:PrivateLimitedCompanyLtd 2023-06-27 2024-06-26 08920033 core:Goodwill 2023-06-27 2024-06-26 08920033 core:FurnitureFittings 2023-06-27 2024-06-26 08920033 core:FurnitureFittingsToolsEquipment 2023-06-27 2024-06-26 08920033 core:MotorVehicles 2023-06-27 2024-06-26 08920033 core:OfficeEquipment 2023-06-27 2024-06-26 08920033 core:OtherPropertyPlantEquipment 2023-06-27 2024-06-26 08920033 core:PlantMachinery 2023-06-27 2024-06-26 08920033 countries:EnglandWales 2023-06-27 2024-06-26 08920033 2023-06-26 08920033 core:Goodwill 2023-06-26 08920033 core:FurnitureFittingsToolsEquipment 2023-06-26 08920033 core:MotorVehicles 2023-06-26 08920033 core:OtherPropertyPlantEquipment 2023-06-26 08920033 2022-06-28 2023-06-26 08920033 2023-06-26 08920033 bus:OrdinaryShareClass1 2023-06-26 08920033 core:CurrentFinancialInstruments 2023-06-26 08920033 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-26 08920033 core:Non-currentFinancialInstruments 2023-06-26 08920033 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-26 08920033 core:Goodwill 2023-06-26 08920033 core:FurnitureFittingsToolsEquipment 2023-06-26 08920033 core:MotorVehicles 2023-06-26 08920033 core:OtherPropertyPlantEquipment 2023-06-26 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08920033

Coopers Taxis Limited

Unaudited Filleted Financial Statements

for the Year Ended 26 June 2024

 

Coopers Taxis Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Coopers Taxis Limited

Company Information

Directors

Mr Phillip Gregory Cooper

Mrs Lynne Cooper

Registered office

60 Ackhurst Nursery Industrial Units
Foxhole Road
Chorley
Lancashire
PR7 1NW

Accountants

McGinty Demack
Chartered Certified Accountants
Vermont House
Bradley Lane
Standish
Lancashire
WN6 0XF

 

Coopers Taxis Limited

(Registration number: 08920033)
Balance Sheet as at 26 June 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

10,000

12,500

Tangible assets

5

12,298

19,164

 

22,298

31,664

Current assets

 

Debtors

6

94,082

80,851

Cash at bank and in hand

 

127,577

209,260

 

221,659

290,111

Creditors: Amounts falling due within one year

7

(80,730)

(106,182)

Net current assets

 

140,929

183,929

Total assets less current liabilities

 

163,227

215,593

Creditors: Amounts falling due after more than one year

7

(21,218)

(31,349)

Net assets

 

142,009

184,244

Capital and reserves

 

Called up share capital

8

2

2

Retained earnings

142,007

184,242

Shareholders' funds

 

142,009

184,244

For the financial year ending 26 June 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Coopers Taxis Limited

(Registration number: 08920033)
Balance Sheet as at 26 June 2024

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 October 2024 and signed on its behalf by:
 

.........................................
Mr Phillip Gregory Cooper
Director

.........................................
Mrs Lynne Cooper
Director

 

Coopers Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
60 Ackhurst Nursery Industrial Units
Foxhole Road
Chorley
Lancashire
PR7 1NW
England

These financial statements were authorised for issue by the Board on 31 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

 

Coopers Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 June 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% Reducing Balance

Office Equipment

25% Reducing Balance

Plant and Machinery

25% Reducing Balance

Furniture and Fittings

25% Reducing Balance

 

Coopers Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 June 2024

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

10% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Coopers Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 June 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 21 (2023 - 14).

 

Coopers Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 June 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 27 June 2023

25,000

25,000

At 26 June 2024

25,000

25,000

Amortisation

At 27 June 2023

12,500

12,500

Amortisation charge

2,500

2,500

At 26 June 2024

15,000

15,000

Carrying amount

At 26 June 2024

10,000

10,000

At 26 June 2023

12,500

12,500

5

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 27 June 2023

26,480

52,445

2,232

81,157

At 26 June 2024

26,480

52,445

2,232

81,157

Depreciation

At 27 June 2023

20,240

39,918

1,835

61,993

Charge for the year

1,560

5,207

99

6,866

At 26 June 2024

21,800

45,125

1,934

68,859

Carrying amount

At 26 June 2024

4,680

7,320

298

12,298

At 26 June 2023

6,240

12,527

397

19,164

 

Coopers Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 June 2024

6

Debtors

Current

2024
£

2023
£

Trade debtors

87,625

76,646

Prepayments

4,156

4,205

Other debtors

2,301

-

 

94,082

80,851

 

Coopers Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 26 June 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

3,703

2,946

Taxation and social security

30,283

73,054

Accruals and deferred income

2,423

2,423

Other creditors

44,321

27,759

80,730

106,182

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

21,218

31,349

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

2

2

2

2

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

21,218

31,349