Call a Cab (Carmarthenshire) Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08737281

Call a Cab (Carmarthenshire) Ltd

Filleted Unaudited Financial Statements

31 December 2024

Call a Cab (Carmarthenshire) Ltd

Financial Statements

Year ended 31 December 2024

CONTENTS	PAGE

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

Call a Cab (Carmarthenshire) Ltd

Officers and Professional Advisers

The board of directors	Mr G L Williams
	Mr P A Hughes
	Mrs E F D Williams
	Mrs G C Hughes

Registered office	Oakfield Garage Llannon Road
	Pontyberem
	Llanelli
	Carmarthenshire
	SA15 5NB

Accountants	James & Uzzell Ltd
	Chartered Certified Accountants
	Axis 15, Axis Court
	Mallard Way
	Riverside Business Park
	Swansea
	SA7 0AJ

Call a Cab (Carmarthenshire) Ltd

Statement of Financial Position

31 December 2024

	2024	2023
Note	£	£

FIXED ASSETS

Tangible assets	6	403,970	220,313

CURRENT ASSETS

Debtors	7	83,644	88,204
Cash at bank and in hand		57,915	53,610
		---------	---------
		141,559	141,814

CREDITORS: amounts falling due within one year	8	394,031	231,915
		---------	---------
NET CURRENT LIABILITIES		252,472	90,101
		---------	---------
TOTAL ASSETS LESS CURRENT LIABILITIES		151,498	130,212

CREDITORS: amounts falling due after more than one year	9	73,671	45,074

PROVISIONS	72,910	52,348
	---------	---------
NET ASSETS	4,917	32,790
	---------	---------

CAPITAL AND RESERVES

Called up share capital	10	10	10
Profit and loss account		4,907	32,780
		------	--------
SHAREHOLDERS FUNDS		4,917	32,790
		------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Call a Cab (Carmarthenshire) Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Peter Anthony Hughes

Director

Company registration number: 08737281

Call a Cab (Carmarthenshire) Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. GENERAL INFORMATION

Call a Cab (Carmarthenshire) Ltd is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principal activities is the operation of taxi and bus services.

2. STATEMENT OF COMPLIANCE

The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 31 December 2024. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Going concern

The director has considered the future trading position of the company and is confident that the going concern principle can be applied to the financial statements.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Critical accounting estimates and assumptions

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below

(i) Useful economic lives of tangible assets

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See notes for the carrying amount of the property plant and equipment, and the depreciation accounting policy for the useful economic lives for each class of assets.

(ii) Impairment of debtors

The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See notes for the net carrying amount of the debtors and associated impairment provision.

(iii) Goodwill and intangible fixed assets

Accounting standards require the recognition of intangible assets as part of a business combination. The methods used to value such intangible assets require the use of estimates. Future results are impacted by the amortisation periods adopted and changes to the estimated useful lives would result in different effects on the profit and loss account and balance sheet. Goodwill is amortised and tested at least annually for impairment along with finite lives of intangible assets and other assets. Tests for impairment are based on subjective assumptions.

(iv) Provisions

Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes

(v) Going Concern

The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Rendering of services When the outcome of a transaction can be estimated reliably, turnover is recognised by reference to the stage of completion at the balance sheet date. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. Interest receivable Interest income is recognised using the effective interest method.

Tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Goodwill

Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is 7 years. Provision is made for any impairment.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	15% straight line
Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Leases

Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service. The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 39 (2023: 34 ).

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 1 January 2024 and 31 December 2024	22,000
	--------
Amortisation
At 1 January 2024 and 31 December 2024	22,000
	--------
Carrying amount
At 31 December 2024	–
	--------
At 31 December 2023	–
	--------

6. TANGIBLE ASSETS

	Freehold property	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2024	31,130	33,874	391,979	456,983
Additions	–	1,750	242,249	243,999
Disposals	–	–	( 44,000)	( 44,000)
	--------	--------	---------	---------
At 31 December 2024	31,130	35,624	590,228	656,982
	--------	--------	---------	---------
Depreciation
At 1 January 2024	11,255	22,169	203,246	236,670
Charge for the year	2,692	2,926	50,707	56,325
Disposals	–	–	( 39,983)	( 39,983)
	--------	--------	---------	---------
At 31 December 2024	13,947	25,095	213,970	253,012
	--------	--------	---------	---------
Carrying amount
At 31 December 2024	17,183	10,529	376,258	403,970
	--------	--------	---------	---------
At 31 December 2023	19,875	11,705	188,733	220,313
	--------	--------	---------	---------

7. DEBTORS

	2024	2023
	£	£
Trade debtors	83,644	88,204
	--------	--------

8. CREDITORS: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	12,723	8,204
Corporation tax	9,921	8,393
Social security and other taxes	29,801	25,661
Other creditors	331,586	179,657
	---------	---------
	394,031	231,915
	---------	---------

The total secured liabilities included in creditors within one year amounts to £25,580 (2023: £25,933). Obligations under finance leases and hire purchase contracts are secured by related assets.

9. CREDITORS: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	4,167	14,167
Other creditors	69,504	30,907
	--------	--------
	73,671	45,074
	--------	--------

The total secured liabilities included in creditors outside one year amounts to £69,504 (2023: £30,908). Obligations under finance leases and hire purchase contracts are secured by related assets.

10. CALLED UP SHARE CAPITAL

Issued, called up and fully paid

	2024		2023
	No.	£	No.	£
'A' Ordinary shares of £ 1 each	4	4	4	4
'B' Ordinary shares of £1 each	4	4	4	4
'C' Ordinary shares of £1 each	1	1	1	1
'D' Ordinary shares of £1 each	1	1	1	1
	----	----	----	----
	10	10	10	10
	----	----	----	----

11. RELATED PARTY TRANSACTIONS

Key Management Personnel of the entity or its parent The total amount owing to /(from) key management personnel is £172,941 (2023: £16,464). No interest has been incurred in relation to this balance.