Company Registration No. 11131743 (England and Wales)
TAURUS TAXIS (REDDITCH) LIMITED
Unaudited accounts
for the year ended 31 March 2025
TAURUS TAXIS (REDDITCH) LIMITED
Unaudited accounts
Contents
TAURUS TAXIS (REDDITCH) LIMITED
Company Information
for the year ended 31 March 2025
Directors
RAHEEL KHAN
AMJAD MEHMOOD
Company Number
11131743 (England and Wales)
Registered Office
6 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST
England
Accountants
JABR
376 Walsall Road
Birmingham
B42 2LX
TAURUS TAXIS (REDDITCH) LIMITED
Statement of financial position
as at 31 March 2025
Tangible assets
348,654
290,855
Cash at bank and in hand
470,864
274,210
Creditors: amounts falling due within one year
(535,337)
(370,864)
Net current assets
312,057
176,982
Total assets less current liabilities
660,711
467,837
Provisions for liabilities
Deferred tax
(46,562)
(23,030)
Net assets
614,149
444,807
Called up share capital
100
100
Profit and loss account
614,049
444,707
Shareholders' funds
614,149
444,807
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
RAHEEL KHAN
Director
Company Registration No. 11131743
TAURUS TAXIS (REDDITCH) LIMITED
Notes to the Accounts
for the year ended 31 March 2025
TAURUS TAXIS (REDDITCH) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11131743. The registered office is 6 The Oaks, Clews Road, Redditch, Worcestershire, B98 7ST, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
15% Straight Line
Motor vehicles
15% Straight Line
Fixtures & fittings
15% Straight Line
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
TAURUS TAXIS (REDDITCH) LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
163,196
252,631
55,776
471,603
Additions
3,671
146,659
892
151,222
At 31 March 2025
166,867
399,290
56,668
622,825
At 1 April 2024
97,210
75,172
8,366
180,748
Charge for the year
25,645
59,278
8,500
93,423
At 31 March 2025
122,855
134,450
16,866
274,171
At 31 March 2025
44,012
264,840
39,802
348,654
At 31 March 2024
65,986
177,459
47,410
290,855
Amounts falling due within one year
Trade debtors
374,530
273,636
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Creditors: amounts falling due within one year
2025
2024
Trade creditors
105,021
83,143
Taxes and social security
187,817
119,476
Other creditors
74,567
46,070
Loans from directors
24,791
507
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Average number of employees
During the year the average number of employees was 62 (2024: 64).