1 April 2024 false No description of principal activity Taxfiler 2024.6 06542810business:PrivateLimitedCompanyLtd2024-04-012025-03-31 065428102024-03-31 065428102024-04-012025-03-31 06542810business:AuditExempt-NoAccountantsReport2024-04-012025-03-31 06542810business:FilletedAccounts2024-04-012025-03-31 065428102025-03-31 065428102024-03-31 06542810core:WithinOneYear2025-03-31 06542810core:WithinOneYear2024-03-31 06542810core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 06542810core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 06542810core:PreviouslyStatedAmount2025-03-31 06542810core:PreviouslyStatedAmount2024-03-31 06542810business:SmallEntities2024-04-012025-03-31 06542810business:Director22024-04-012025-03-31 06542810countries:EnglandWales2024-04-012025-03-31 06542810business:RegisteredOffice2024-04-012025-03-31 06542810core:MotorVehicles2024-04-012025-03-31 06542810core:MotorVehicles2024-03-31 06542810core:MotorVehicles2025-03-31 065428102023-04-012024-03-31 iso4217:GBP xbrli:pure
BANBURY TAXIS (BANBURY) LIMITED Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
69,244 
57,041 
Current assets
Debtors
284,241 
188,371 
Cash at bank and in hand
317,931 
146,443 
602,172 
334,814 
Creditors: amounts falling due within one year
(519,273)
(259,244)
Net current assets
82,899 
75,570 
Net assets
152,143 
132,611 
Capital and reserves
Profit and loss account
152,143 
132,611 
Shareholders' funds
152,143 
132,611 
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by
Hayley Margaret McBain-Kincaid Director Company Registration No. 06542810
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BANBURY TAXIS (BANBURY) LIMITED Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
BANBURY TAXIS (BANBURY) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06542810. The registered office is 47 Horsham Close, Banbury, OX16 1XP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Diminishing
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 April 2024
81,519 
Additions
30,307 
Disposals
(10,833)
At 31 March 2025
100,993 
Depreciation
At 1 April 2024
24,478 
Charge for the year
12,559 
Surplus on revaluation
(5,288)
At 31 March 2025
31,749 
Net book value
At 31 March 2025
69,244 
At 31 March 2024
57,041 
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BANBURY TAXIS (BANBURY) LIMITED Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
283,191 
188,371 
Other debtors
1,050 
- 
284,241 
188,371 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
VAT
65,274 
48,704 
Trade creditors
(11,126)
36,370 
Taxes and social security
137,122 
83,495 
Loans from directors
326,853 
89,525 
Accruals
1,150 
1,150 
519,273 
259,244 
7
Average number of employees
During the year the average number of employees was 12 (2024: 12).
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