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REGISTERED NUMBER: SC447966 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

ABERDEEN TAXIS LIMITED

ABERDEEN TAXIS LIMITED (REGISTERED NUMBER: SC447966)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

ABERDEEN TAXIS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: G Johnston
C W Douglas





REGISTERED OFFICE: Unit 3
15 Lotland Street
Inverness
IV1 1ST





REGISTERED NUMBER: SC447966 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX

ABERDEEN TAXIS LIMITED (REGISTERED NUMBER: SC447966)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 12,862 6,616
Tangible assets 5 621,484 77,034
634,346 83,650

CURRENT ASSETS
Debtors 6 179,071 260,258
Cash at bank 86,026 542,200
265,097 802,458
CREDITORS
Amounts falling due within one year 7 89,662 102,570
NET CURRENT ASSETS 175,435 699,888
TOTAL ASSETS LESS CURRENT
LIABILITIES

809,781

783,538

CREDITORS
Amounts falling due after more than one year 8 24,576 -
NET ASSETS 785,205 783,538

CAPITAL AND RESERVES
Called up share capital 262 200
Retained earnings 784,943 783,338
785,205 783,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2025 and were signed on its behalf by:





G Johnston - Director


ABERDEEN TAXIS LIMITED (REGISTERED NUMBER: SC447966)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Aberdeen Taxis Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

ABERDEEN TAXIS LIMITED (REGISTERED NUMBER: SC447966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Computer
Goodwill licences software Totals
£    £    £    £   
COST
At 1 January 2024 36,400 1,500 27,594 65,494
Additions - - 15,000 15,000
At 31 December 2024 36,400 1,500 42,594 80,494
AMORTISATION
At 1 January 2024 36,400 600 21,878 58,878
Amortisation for year - 150 8,604 8,754
At 31 December 2024 36,400 750 30,482 67,632
NET BOOK VALUE
At 31 December 2024 - 750 12,112 12,862
At 31 December 2023 - 900 5,716 6,616

5. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 37,560 82,062 17,175 136,797
Additions 479,480 108,680 - 588,160
At 31 December 2024 517,040 190,742 17,175 724,957
DEPRECIATION
At 1 January 2024 751 46,949 12,063 59,763
Charge for year 4,747 37,685 1,278 43,710
At 31 December 2024 5,498 84,634 13,341 103,473
NET BOOK VALUE
At 31 December 2024 511,542 106,108 3,834 621,484
At 31 December 2023 36,809 35,113 5,112 77,034

ABERDEEN TAXIS LIMITED (REGISTERED NUMBER: SC447966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 104,230
At 31 December 2024 104,230
DEPRECIATION
Charge for year 16,519
At 31 December 2024 16,519
NET BOOK VALUE
At 31 December 2024 87,711

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 169,599 244,773
Amounts owed by group undertakings 3,284 11,000
Other debtors 3,735 1,666
Directors' current accounts - 240
Tax 487 487
Prepayments 1,966 2,092
179,071 260,258

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 22,780 -
Trade creditors 2,907 13,112
Amounts owed to group undertakings 214 -
Tax 30,502 13,865
Social security and other taxes 2,353 5,015
VAT 26,898 66,782
Other creditors 594 851
Directors' current accounts 71 -
Accrued expenses 3,343 2,945
89,662 102,570

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,576 -

ABERDEEN TAXIS LIMITED (REGISTERED NUMBER: SC447966)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
C W Douglas
Balance outstanding at start of year 240 240
Amounts advanced 210 -
Amounts repaid (521 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (71 ) 240

G Johnston
Balance outstanding at start of year - 214
Amounts advanced - 4,000
Amounts repaid - (4,214 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

This loan is interest free and has no fixed repayment terms.

10. RELATED PARTY DISCLOSURES

During the year, management fees of £27,000 (2023: £44,000) was payable to a company in which one of the directors of Aberdeen Taxis Ltd has a material interest in. The amount outstanding at the year end is to be received by Aberdeen Taxis Ltd is £3,284 (2023: £11,000).

As at 31 December 2024, there is a loan balance due from Aberdeen Taxis Ltd of £214 (2023: £nil), to the
the parent company.


This loan is interest free and has no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ABERDEEN TAXIS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aberdeen Taxis Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the 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 http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Aberdeen Taxis Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aberdeen Taxis Limited and state those matters that we have agreed to state to the Board of Directors of Aberdeen 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 the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aberdeen 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 Aberdeen Taxis Limited. You consider that Aberdeen 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 Aberdeen 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.






Acumen Accountants and Advisors Limited
Bankhead Drive
City South Office Park
Portlethen
Aberdeenshire
AB12 4XX


27 May 2025