Silverfin false false 30/11/2024 01/12/2023 30/11/2024 C C Perryman 07/08/2017 D P Perryman 07/08/2017 J E Perryman 22/08/2002 P Perryman 22/08/2002 S D Perryman 27/04/2023 18 August 2025 The principal activity of the company is taxi operation. 04517071 2024-11-30 04517071 bus:Director1 2024-11-30 04517071 bus:Director2 2024-11-30 04517071 bus:Director3 2024-11-30 04517071 bus:Director4 2024-11-30 04517071 bus:Director5 2024-11-30 04517071 2023-11-30 04517071 core:CurrentFinancialInstruments 2024-11-30 04517071 core:CurrentFinancialInstruments 2023-11-30 04517071 core:Non-currentFinancialInstruments 2024-11-30 04517071 core:Non-currentFinancialInstruments 2023-11-30 04517071 core:ShareCapital 2024-11-30 04517071 core:ShareCapital 2023-11-30 04517071 core:RetainedEarningsAccumulatedLosses 2024-11-30 04517071 core:RetainedEarningsAccumulatedLosses 2023-11-30 04517071 core:Goodwill 2023-11-30 04517071 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-11-30 04517071 core:Goodwill 2024-11-30 04517071 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-11-30 04517071 core:LandBuildings 2023-11-30 04517071 core:Vehicles 2023-11-30 04517071 core:FurnitureFittings 2023-11-30 04517071 core:OfficeEquipment 2023-11-30 04517071 core:LandBuildings 2024-11-30 04517071 core:Vehicles 2024-11-30 04517071 core:FurnitureFittings 2024-11-30 04517071 core:OfficeEquipment 2024-11-30 04517071 core:CostValuation 2023-11-30 04517071 core:CostValuation 2024-11-30 04517071 bus:OrdinaryShareClass1 2024-11-30 04517071 2023-12-01 2024-11-30 04517071 bus:FilletedAccounts 2023-12-01 2024-11-30 04517071 bus:SmallEntities 2023-12-01 2024-11-30 04517071 bus:AuditExemptWithAccountantsReport 2023-12-01 2024-11-30 04517071 bus:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 04517071 bus:Director1 2023-12-01 2024-11-30 04517071 bus:Director2 2023-12-01 2024-11-30 04517071 bus:Director3 2023-12-01 2024-11-30 04517071 bus:Director4 2023-12-01 2024-11-30 04517071 bus:Director5 2023-12-01 2024-11-30 04517071 core:Goodwill core:TopRangeValue 2023-12-01 2024-11-30 04517071 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-12-01 2024-11-30 04517071 core:Vehicles 2023-12-01 2024-11-30 04517071 core:FurnitureFittings core:TopRangeValue 2023-12-01 2024-11-30 04517071 core:OfficeEquipment core:TopRangeValue 2023-12-01 2024-11-30 04517071 2022-12-01 2023-11-30 04517071 core:Goodwill 2023-12-01 2024-11-30 04517071 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-12-01 2024-11-30 04517071 core:LandBuildings 2023-12-01 2024-11-30 04517071 core:FurnitureFittings 2023-12-01 2024-11-30 04517071 core:OfficeEquipment 2023-12-01 2024-11-30 04517071 core:Subsidiary1 2023-12-01 2024-11-30 04517071 core:Subsidiary1 1 2023-12-01 2024-11-30 04517071 core:Subsidiary1 1 2022-12-01 2023-11-30 04517071 core:Subsidiary2 2023-12-01 2024-11-30 04517071 core:Subsidiary2 1 2023-12-01 2024-11-30 04517071 core:Subsidiary2 1 2022-12-01 2023-11-30 04517071 core:Subsidiary3 2023-12-01 2024-11-30 04517071 core:Subsidiary3 1 2023-12-01 2024-11-30 04517071 core:Subsidiary3 1 2022-12-01 2023-11-30 04517071 core:Subsidiary4 2023-12-01 2024-11-30 04517071 core:Subsidiary4 1 2023-12-01 2024-11-30 04517071 core:Subsidiary4 1 2022-12-01 2023-11-30 04517071 core:Subsidiary5 2023-12-01 2024-11-30 04517071 core:Subsidiary5 1 2023-12-01 2024-11-30 04517071 core:Subsidiary5 1 2022-12-01 2023-11-30 04517071 core:Subsidiary6 2023-12-01 2024-11-30 04517071 core:Subsidiary6 1 2023-12-01 2024-11-30 04517071 core:Subsidiary6 1 2022-12-01 2023-11-30 04517071 core:Subsidiary7 2023-12-01 2024-11-30 04517071 core:Subsidiary7 1 2023-12-01 2024-11-30 04517071 core:Subsidiary7 1 2022-12-01 2023-11-30 04517071 core:Subsidiary8 2023-12-01 2024-11-30 04517071 core:Subsidiary8 1 2023-12-01 2024-11-30 04517071 core:Subsidiary8 1 2022-12-01 2023-11-30 04517071 core:Subsidiary9 2023-12-01 2024-11-30 04517071 core:Subsidiary9 1 2023-12-01 2024-11-30 04517071 core:Subsidiary9 1 2022-12-01 2023-11-30 04517071 core:Subsidiary10 2023-12-01 2024-11-30 04517071 core:Subsidiary10 1 2023-12-01 2024-11-30 04517071 core:Subsidiary10 1 2022-12-01 2023-11-30 04517071 core:Subsidiary11 2023-12-01 2024-11-30 04517071 core:Subsidiary11 1 2023-12-01 2024-11-30 04517071 core:Subsidiary11 1 2022-12-01 2023-11-30 04517071 core:Subsidiary12 2023-12-01 2024-11-30 04517071 core:Subsidiary12 1 2023-12-01 2024-11-30 04517071 core:Subsidiary12 1 2022-12-01 2023-11-30 04517071 core:Subsidiary13 2023-12-01 2024-11-30 04517071 core:Subsidiary13 1 2023-12-01 2024-11-30 04517071 core:Subsidiary13 1 2022-12-01 2023-11-30 04517071 bus:OrdinaryShareClass1 2023-12-01 2024-11-30 04517071 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure decimalUnit xbrli:shares

Company No: 04517071 (England and Wales)

A2B TAXIS (TRURO) LIMITED

Unaudited Financial Statements
For the financial year ended 30 November 2024
Pages for filing with the registrar

A2B TAXIS (TRURO) LIMITED

Unaudited Financial Statements

For the financial year ended 30 November 2024

Contents

A2B TAXIS (TRURO) LIMITED

BALANCE SHEET

As at 30 November 2024
A2B TAXIS (TRURO) LIMITED

BALANCE SHEET (continued)

As at 30 November 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 127,100 152,700
Tangible assets 4 1,134,361 639,168
Investments 5 147,583 147,583
1,409,044 939,451
Current assets
Debtors 6 2,456,642 2,071,850
Cash at bank and in hand 43,089 30,205
2,499,731 2,102,055
Creditors: amounts falling due within one year 7 ( 1,045,572) ( 657,359)
Net current assets 1,454,159 1,444,696
Total assets less current liabilities 2,863,203 2,384,147
Creditors: amounts falling due after more than one year 8 ( 259,844) ( 208,045)
Provision for liabilities 126,691 109,616
Net assets 2,730,050 2,285,718
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 2,729,950 2,285,618
Total shareholders' funds 2,730,050 2,285,718

For the financial year ending 30 November 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of A2B Taxis (Truro) Limited (registered number: 04517071) were approved and authorised for issue by the Board of Directors on 18 August 2025. They were signed on its behalf by:

J E Perryman
Director
A2B TAXIS (TRURO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
A2B TAXIS (TRURO) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A2B Taxis (Truro) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Francis Clark Llp Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from the provision of taxi services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Website costs 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings not depreciated
Vehicles 20 % reducing balance
Fixtures and fittings 10 years straight line
Office equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 11 8

3. Intangible assets

Goodwill Website costs Total
£ £ £
Cost
At 01 December 2023 656,224 9,109 665,333
At 30 November 2024 656,224 9,109 665,333
Accumulated amortisation
At 01 December 2023 503,524 9,109 512,633
Charge for the financial year 25,600 0 25,600
At 30 November 2024 529,124 9,109 538,233
Net book value
At 30 November 2024 127,100 0 127,100
At 30 November 2023 152,700 0 152,700

4. Tangible assets

Land and buildings Vehicles Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 December 2023 24,943 1,242,427 57,091 78,664 1,403,125
Additions 0 788,680 2,764 9,464 800,908
Disposals 0 ( 203,178) 0 0 ( 203,178)
At 30 November 2024 24,943 1,827,929 59,855 88,128 2,000,855
Accumulated depreciation
At 01 December 2023 0 652,931 36,595 74,431 763,957
Charge for the financial year 0 200,573 4,187 3,969 208,729
Disposals 0 ( 106,192) 0 0 ( 106,192)
At 30 November 2024 0 747,312 40,782 78,400 866,494
Net book value
At 30 November 2024 24,943 1,080,617 19,073 9,728 1,134,361
At 30 November 2023 24,943 589,496 20,496 4,233 639,168

5. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 December 2023 147,583
At 30 November 2024 147,583
Carrying value at 30 November 2024 147,583
Carrying value at 30 November 2023 147,583

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.11.2024
Ownership
30.11.2023
A2B Cornwall Airport Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
A2B Falmouth Docks Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
A2B Falmouth Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
A2B Kernow Transport Services Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
A2B Patient Transport Services Cornwall Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
A2B Taxis Cornwall Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
A2B Taxis Falmouth Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
A2B Taxis Kernow Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
A2B Transport Falmouth Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
A2B Transport Services Cornwall Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
A2B Transport Truro Limited Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%
Newquay Airport Taxis Ltd Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Taxi operation Ordinary 100.00% 100.00%
Newquay Airport Transfers Ltd Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA Dormant company Ordinary 100.00% 100.00%

6. Debtors

2024 2023
£ £
Trade debtors 325,982 319,399
Other debtors 2,130,660 1,752,451
2,456,642 2,071,850

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 155,785 50,000
Trade creditors 257,065 193,020
Amounts owed to directors 0 11,529
Accruals 7,016 6,493
Corporation tax 389,583 215,120
Other taxation and social security 15,024 10,467
Obligations under finance leases and hire purchase contracts 100,246 92,106
Other creditors 120,853 78,624
1,045,572 657,359

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 33,333 83,333
Obligations under finance leases and hire purchase contracts 226,511 124,712
259,844 208,045

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

10. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
J E Perryman 18,203 1,871
P Perryman 1,614 2,614
D P Perryman 87,846 57,778
C C Perryman 471 (11,529)
S D Perryman 46,825 25,099

The above balances relate to amounts owed to/(by) the company by the directors as at 30 November 2024. Interest has been charged at the HMRC official rates.