REGISTERED NUMBER: 02567228 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

STREAMLINE TAXIS (YORK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Brown

M J Goldsborough

B A Kasher

D L Rhodes

D Bekatoros

D Alexander

T Fernie

G Fox

S Leeke

J Thomas

REGISTERED OFFICE:

Cromwell House

7 Cumberland Street

York

North Yorkshire

YO1 9SW

REGISTERED NUMBER:

02567228 (England and Wales)

ACCOUNTANTS:

Fortus Limited

Business Advisors & Accountants

Equinox House

Clifton Park, Shipton Road

York

Yorkshire

YO30 5PA

FIXED ASSETS

Intangible assets

4

4,107

8,216

Tangible assets

5

713,637

852,585

717,744

860,801

CURRENT ASSETS

Debtors

6

487,339

484,775

Cash at bank and in hand

202,662

162,557

690,001

647,332

CREDITORS

Amounts falling due within one year

7

584,087

582,561

NET CURRENT ASSETS

105,914

64,771

TOTAL ASSETS LESS CURRENT LIABILITIES

823,658

925,572

CREDITORS

Amounts falling due after more than one year

8

114,179

210,277

NET ASSETS

709,479

715,295

CAPITAL AND RESERVES

Called up share capital

36

36

Share premium

9

52,927

52,927

Revaluation reserve

9

184,348

184,348

Retained earnings

9

472,168

477,984

SHAREHOLDERS' FUNDS

709,479

715,295

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 18 August 2025 and were signed on its behalf by:

M J Goldsborough - Director

S Leeke - Director

1.	STATUTORY INFORMATION

Streamline Taxis (York) Limited is a private company, limited by shares , registered in England and Wales. 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 represents amounts receivable from the provision of school contract services, and from the provision of agency services to self employed private hire taxi drivers. Turnover is disclosed excluding VAT.

Goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on 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.

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 71 (2023 - 71 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

92,175

AMORTISATION

At 1 January 2024

83,959

Amortisation for year

4,109

At 31 December 2024

88,068

NET BOOK VALUE

At 31 December 2024

4,107

At 31 December 2023

8,216

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

377,668

381,890

116,022

1,265,917

2,141,497

Additions

-

5,366

1,189

41,990

48,545

Disposals

-

(305,653

)

(49,380

)

(79,317

)

(434,350

)

At 31 December 2024

377,668

81,603

67,831

1,228,590

1,755,692

DEPRECIATION

At 1 January 2024

62,286

336,779

97,176

792,671

1,288,912

Charge for year

4,754

5,189

3,545

129,763

143,251

Eliminated on disposal

-

(276,379

)

(43,420

)

(70,309

)

(390,108

)

At 31 December 2024

67,040

65,589

57,301

852,125

1,042,055

NET BOOK VALUE

At 31 December 2024

310,628

16,014

10,530

376,465

713,637

At 31 December 2023

315,382

45,111

18,846

473,246

852,585

Freehold land and buildings with a net carrying amount of £310,628 (2023 - £315,382) have been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

During the year ended 31 December 2009 Land & Buildings were revalued by Lawrence Hannah LLP on the basis of open market value. The uplift on valuation was included in the value of fixed assets and is reflected in the revaluation reserve. The cost or valuation of freehold land and buildings on which depreciation is charged amounted to £185,000. (2023 - £185,000)

The historical cost of freehold land and buildings included above at a valuation of £377,668 was £149,052 and the aggregate depreciation based thereon was £8,400.

.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Trade debtors

330,595

328,488

Other debtors

156,744

156,287

487,339

484,775

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as

restated

£

£

Bank loans and overdrafts

12,723

14,823

Hire purchase contracts

85,474

119,738

Trade creditors

271,725

255,130

Taxation and social security

194,382

185,780

Other creditors

19,783

7,090

584,087

582,561

The net obligations under hire purchase contracts are secured on the asset to which they relate.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as

restated

£

£

Bank loans

60,022

70,645

Hire purchase contracts

54,157

139,632

114,179

210,277

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr

-

11,353

The net obligations under hire purchase contracts are secured on the asset to which they relate.

9.

RESERVES

Retained

Share

Revaluation

earnings

premium

reserve

Totals

£

£

£

£

At 1 January 2024

477,984

52,927

184,348

715,259

Deficit for the year

(5,816

)

(5,816

)

At 31 December 2024

472,168

52,927

184,348

709,443

10.	RELATED PARTY DISCLOSURES

As of 31 December 2024, each of the directors of the company held one ordinary share. No director holds significant influence over the company based solely on shareholding.

During the year, the company did not enter into any transactions with its directors other than in the ordinary course of employment.

11.	PRIOR YEAR ADJUSTMENT

The comparative figures in the financial statements have been restated. This was due to a misstatement of the company's deferred tax position. A deferred tax liability of £39,800 was recognised in error. The correct position was a deferred tax asset of £39,800. This has been corrected with a credit to the profit and loss of £21,224 and a credit to retained earnings of £58,376.