Company Registration No. 05470953 (England and Wales)
B W Taxis Limited
Unaudited accounts
for the year ended 31 August 2024
B W Taxis Limited
Unaudited accounts
Contents
B W Taxis Limited
Statement of financial position
as at 31 August 2024
Intangible assets
7,000
8,000
Tangible assets
174,999
288,219
Cash at bank and in hand
33,447
66,887
Creditors: amounts falling due within one year
(654,988)
(424,029)
Net current assets
177,872
294,941
Total assets less current liabilities
359,871
591,160
Creditors: amounts falling due after more than one year
(64,644)
(25,692)
Provisions for liabilities
Other provisions
(750,000)
-
Net (liabilities)/assets
(454,773)
565,468
Called up share capital
300
300
Profit and loss account
(455,073)
565,168
Shareholders' funds
(454,773)
565,468
For the year ending 31 August 2024 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 30 May 2025 and were signed on its behalf by
Mr J R Logsdon
Director
Company Registration No. 05470953
B W Taxis Limited
Notes to the Accounts
for the year ended 31 August 2024
B W Taxis Limited is a private company, limited by shares, registered in England and Wales, registration number 05470953. The registered office is B W Taxi, Unit 1, Stevens Mill, Station Road, Ilminster, Somerset, TA19 9AT, 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
25% Straight Line
Motor vehicles
25% Straight Line
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Goodwill is amortised at 10% straight line.
4
Intangible fixed assets
Goodwill
At 1 September 2023
20,000
At 1 September 2023
12,000
B W Taxis Limited
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2023
546,305
18,050
564,355
Additions
39,637
2,119
41,756
Disposals
(188,200)
-
(188,200)
At 31 August 2024
397,742
20,169
417,911
At 1 September 2023
262,247
13,889
276,136
Charge for the year
99,687
1,565
101,252
On disposals
(134,476)
-
(134,476)
At 31 August 2024
227,458
15,454
242,912
At 31 August 2024
170,284
4,715
174,999
At 31 August 2023
284,058
4,161
288,219
Amounts falling due within one year
Trade debtors
2,469
39,068
Other debtors
796,944
613,015
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
209,064
121,650
Obligations under finance leases and hire purchase contracts
64,505
18,105
Taxes and social security
181,842
150,209
Loans from directors
-
12,557
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
64,644
25,692
B W Taxis Limited
Notes to the Accounts
for the year ended 31 August 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
(12,557)
27,551
4,600
10,394
(12,557)
33,551
4,600
16,394
10
Transactions with related parties
Other debtors includes a balance of £780,550 (2023: £612,065) owed by Levels Sensation Ltd, a company related by virtue of ownership.
11
Average number of employees
During the year the average number of employees was 36 (2023: 41).