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Company Registration No. 08203258 (England and Wales)
Tir Y Dail Taxies Ltd Unaudited accounts for the year ended 30 June 2024
Tir Y Dail Taxies Ltd Unaudited accounts Contents
Page
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Tir Y Dail Taxies Ltd Company Information for the year ended 30 June 2024
Director
M D Jones
Company Number
08203258 (England and Wales)
Registered Office
110 College Street Ammanford Carmarthenshire SA18 2BR
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Tir Y Dail Taxies Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
513,210 
438,184 
Investment property
44,984 
44,984 
Investments
31,487 
31,487 
589,681 
514,655 
Current assets
Debtors
272,504 
156,823 
Cash at bank and in hand
334,054 
324,422 
606,558 
481,245 
Creditors: amounts falling due within one year
(215,779)
(166,880)
Net current assets
390,779 
314,365 
Total assets less current liabilities
980,460 
829,020 
Creditors: amounts falling due after more than one year
(55,416)
(34,207)
Provisions for liabilities
Deferred tax
(52,447)
(52,447)
Net assets
872,597 
742,366 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
872,596 
742,365 
Shareholders' funds
872,597 
742,366 
For the year ending 30 June 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 director acknowledges his 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 and authorised for issue on 30 June 2025 and were signed on its behalf by
M D Jones Director Company Registration No. 08203258
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Tir Y Dail Taxies Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Tir Y Dail Taxies Ltd is a private company, limited by shares, registered in England and Wales, registration number 08203258. The registered office is 110 College Street, Ammanford, Carmarthenshire, SA18 2BR.
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.
Turnover
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.
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
20% reducing balance
Motor vehicles
20% reducing balance
Fixtures & fittings
20% reducing balance
Other tangible fixed assets
5% reducing balance
Deferred taxation
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.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tir Y Dail Taxies Ltd Notes to the Accounts for the year ended 30 June 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2023
25,485 
82,502 
702,244 
810,231 
Additions
- 
- 
161,346 
161,346 
At 30 June 2024
25,485 
82,502 
863,590 
971,577 
Depreciation
At 1 July 2023
- 
41,428 
330,619 
372,047 
Charge for the year
- 
8,215 
78,105 
86,320 
At 30 June 2024
- 
49,643 
408,724 
458,367 
Net book value
At 30 June 2024
25,485 
32,859 
454,866 
513,210 
At 30 June 2023
25,485 
41,074 
371,625 
438,184 
5
Investment property
2024 
£ 
Fair value at 1 July 2023
44,984 
At 30 June 2024
44,984 
6
Investments
Other investments 
£ 
Valuation at 1 July 2023
31,487 
Valuation at 30 June 2024
31,487 
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
220,186 
128,723 
Amounts falling due after more than one year
Other debtors
52,318 
28,100 
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Tir Y Dail Taxies Ltd Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,552 
6,552 
VAT
22,445 
12,529 
Obligations under finance leases and hire purchase contracts
17,825 
20,603 
Trade creditors
14,245 
20,297 
Taxes and social security
154,712 
106,899 
215,779 
166,880 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
5,075 
11,448 
Obligations under finance leases and hire purchase contracts
49,569 
21,681 
Loans from directors
772 
1,078 
55,416 
34,207 
10
Average number of employees
During the year the average number of employees was 50 (2023: 50).
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