Silverfin false false 31/10/2024 01/11/2023 31/10/2024 Mrs A L Ellison Mr L S Ellison 09/01/2019 Mrs S L Madeley 15/11/2019 10 January 2025 The principal activity of the company is that of taxi operation. 01685923 2024-10-31 01685923 bus:Director2 2024-10-31 01685923 bus:Director3 2024-10-31 01685923 2023-10-31 01685923 core:CurrentFinancialInstruments 2024-10-31 01685923 core:CurrentFinancialInstruments 2023-10-31 01685923 core:Non-currentFinancialInstruments 2024-10-31 01685923 core:Non-currentFinancialInstruments 2023-10-31 01685923 core:ShareCapital 2024-10-31 01685923 core:ShareCapital 2023-10-31 01685923 core:RetainedEarningsAccumulatedLosses 2024-10-31 01685923 core:RetainedEarningsAccumulatedLosses 2023-10-31 01685923 core:PlantMachinery 2023-10-31 01685923 core:Vehicles 2023-10-31 01685923 core:PlantMachinery 2024-10-31 01685923 core:Vehicles 2024-10-31 01685923 bus:OrdinaryShareClass1 2024-10-31 01685923 bus:OrdinaryShareClass2 2024-10-31 01685923 bus:OrdinaryShareClass3 2024-10-31 01685923 bus:OrdinaryShareClass4 2024-10-31 01685923 2023-11-01 2024-10-31 01685923 bus:FilletedAccounts 2023-11-01 2024-10-31 01685923 bus:SmallEntities 2023-11-01 2024-10-31 01685923 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 01685923 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 01685923 bus:Director1 2023-11-01 2024-10-31 01685923 bus:Director2 2023-11-01 2024-10-31 01685923 bus:Director3 2023-11-01 2024-10-31 01685923 core:PlantMachinery 2023-11-01 2024-10-31 01685923 core:Vehicles core:BottomRangeValue 2023-11-01 2024-10-31 01685923 core:Vehicles core:TopRangeValue 2023-11-01 2024-10-31 01685923 2022-11-01 2023-10-31 01685923 core:Vehicles 2023-11-01 2024-10-31 01685923 core:CurrentFinancialInstruments 2023-11-01 2024-10-31 01685923 core:Non-currentFinancialInstruments 2023-11-01 2024-10-31 01685923 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 01685923 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 01685923 bus:OrdinaryShareClass2 2023-11-01 2024-10-31 01685923 bus:OrdinaryShareClass2 2022-11-01 2023-10-31 01685923 bus:OrdinaryShareClass3 2023-11-01 2024-10-31 01685923 bus:OrdinaryShareClass3 2022-11-01 2023-10-31 01685923 bus:OrdinaryShareClass4 2023-11-01 2024-10-31 01685923 bus:OrdinaryShareClass4 2022-11-01 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 01685923 (England and Wales)

ALANSWAY TAXIS LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

ALANSWAY TAXIS LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

ALANSWAY TAXIS LIMITED

BALANCE SHEET

As at 31 October 2024
ALANSWAY TAXIS LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 193,924 143,846
193,924 143,846
Current assets
Stocks 4 1,000 1,000
Debtors 5 17,329 35,459
Cash at bank and in hand 85,708 85,703
104,037 122,162
Creditors: amounts falling due within one year 6 ( 59,635) ( 35,591)
Net current assets 44,402 86,571
Total assets less current liabilities 238,326 230,417
Creditors: amounts falling due after more than one year 7 ( 20,630) 0
Provision for liabilities ( 20,240) ( 20,963)
Net assets 197,456 209,454
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 197,356 209,354
Total shareholders' funds 197,456 209,454

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Alansway Taxis Limited (registered number: 01685923) were approved and authorised for issue by the Board of Directors on 10 January 2025. They were signed on its behalf by:

Mrs A L Ellison
Director
ALANSWAY TAXIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
ALANSWAY TAXIS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Alansway Taxis Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when services are provided.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line/ reducing balance basis over its expected useful life, as follows:

Plant and machinery 15 % reducing balance
Vehicles 3 - 11 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and loss account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 25 21

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 November 2023 19,489 274,408 293,897
Additions 0 86,195 86,195
At 31 October 2024 19,489 360,603 380,092
Accumulated depreciation
At 01 November 2023 12,938 137,113 150,051
Charge for the financial year 992 35,125 36,117
At 31 October 2024 13,930 172,238 186,168
Net book value
At 31 October 2024 5,559 188,365 193,924
At 31 October 2023 6,551 137,295 143,846

4. Stocks

2024 2023
£ £
Stocks 1,000 1,000

5. Debtors

2024 2023
£ £
Trade debtors 15,329 34,389
Other debtors 2,000 1,070
17,329 35,459

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 1,000 0
Accruals 9,030 7,444
Corporation tax 7,646 12,985
Other taxation and social security 12,271 12,937
Obligations under finance leases and hire purchase contracts 29,688 0
Other creditors 0 2,225
59,635 35,591

Hire purchase borrowings are secured on individual assets taken out on hire purchase.

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Obligations under finance leases and hire purchase contracts 20,630 0

Hire purchase borrowings are secured on individual assets taken out on hire purchase.

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
10 A ordinary shares of £ 1.00 each 10 10
5 B ordinary shares of £ 1.00 each 5 5
75 C ordinary shares of £ 1.00 each 75 75
10 D ordinary shares of £ 1.00 each 10 10
100 100

9. Related party transactions

Other related party transactions

2024 2023
£ £
Management fees chargeable to associated companies 23,232 21,723