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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
Page
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B W Taxis Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
7,000 
8,000 
Tangible assets
174,999 
288,219 
181,999 
296,219 
Current assets
Debtors
799,413 
652,083 
Cash at bank and in hand
33,447 
66,887 
832,860 
718,970 
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 
Capital and reserves
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
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B W Taxis Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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:
Plant & machinery
25% Straight Line
Motor vehicles
25% Straight Line
Intangible fixed assets
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 
£ 
Cost
At 1 September 2023
20,000 
At 31 August 2024
20,000 
Amortisation
At 1 September 2023
12,000 
Charge for the year
1,000 
At 31 August 2024
13,000 
Net book value
At 31 August 2024
7,000 
At 31 August 2023
8,000 
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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 
Depreciation
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 
Net book value
At 31 August 2024
170,284 
4,715 
174,999 
At 31 August 2023
284,058 
4,161 
288,219 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,469 
39,068 
Other debtors
796,944 
613,015 
799,413 
652,083 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
209,064 
121,650 
VAT
62,862 
61,857 
Obligations under finance leases and hire purchase contracts
64,505 
18,105 
Trade creditors
66,162 
- 
Taxes and social security
181,842 
150,209 
Other creditors
15,653 
- 
Loans from directors
- 
12,557 
Accruals
54,900 
59,651 
654,988 
424,029 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
64,644 
25,692 
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B W Taxis Limited Notes to the Accounts for the year ended 31 August 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr M J Sampson
(12,557)
27,551 
4,600 
10,394 
Mr J R Logsdon
- 
6,000 
- 
6,000 
(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).
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