REGISTERED NUMBER: 03204596 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MARCHWOOD MOTORWAYS TAXIS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

I C W Osborne

P D Osborne

A J Osborne

SECRETARY:

Mrs R C Osborne

REGISTERED OFFICE:

Unit 2 Trident Business Park

Shore Road

Hythe

Southampton

Hampshire

SO45 6GJ

REGISTERED NUMBER:

03204596 (England and Wales)

ACCOUNTANTS:

Richard Small & Co

24 Central Precinct

Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2GA

FIXED ASSETS

Intangible assets

4

67,583

90,111

Tangible assets

5

132,376

130,818

199,959

220,929

CURRENT ASSETS

Stocks

5,200

5,200

Debtors

6

200,525

203,296

Cash at bank and in hand

157,302

118,739

363,027

327,235

CREDITORS

Amounts falling due within one year

7

136,244

135,310

NET CURRENT ASSETS

226,783

191,925

TOTAL ASSETS LESS CURRENT LIABILITIES

426,742

412,854

CREDITORS

Amounts falling due after more than one year

8

(36,765

)

(63,319

)

PROVISIONS FOR LIABILITIES

-

(523

)

NET ASSETS

389,977

349,012

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

389,677

348,712

389,977

349,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 15 December 2025 and were signed on its behalf by:

P D Osborne - Director

1.	STATUTORY INFORMATION

Marchwood Motorways Taxis 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Hackney & private hire licences

Hackney & Private Hire Licences are initially measured at cost. After initial recognition, these intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Hackney & Private Hire Licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 8 (2024 - 8 ) .

4.	HACKNEY & PRIV HIRE LICENCES

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

225,279

AMORTISATION

At 1 April 2024

135,168

Charge for year

22,528

At 31 March 2025

157,696

NET BOOK VALUE

At 31 March 2025

67,583

At 31 March 2024

90,111

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

141,205

513,768

654,973

Additions

-

47,175

47,175

Disposals

-

(27,450

)

(27,450

)

At 31 March 2025

141,205

533,493

674,698

DEPRECIATION

At 1 April 2024

131,250

392,905

524,155

Charge for year

2,489

41,642

44,131

Eliminated on disposal

-

(25,964

)

(25,964

)

At 31 March 2025

133,739

408,583

542,322

NET BOOK VALUE

At 31 March 2025

7,466

124,910

132,376

At 31 March 2024

9,955

120,863

130,818

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

100,433

Additions

47,175

At 31 March 2025

147,608

DEPRECIATION

At 1 April 2024

20,630

Charge for year

31,745

At 31 March 2025

52,375

NET BOOK VALUE

At 31 March 2025

95,233

At 31 March 2024

79,803

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

181,810

184,190

Other debtors

18,715

19,106

200,525

203,296

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

10,648

10,648

Hire purchase contracts

51,943

38,201

Trade creditors

34,181

57,818

Taxation and social security

32,937

11,135

Other creditors

6,535

17,508

136,244

135,310

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

1,555

11,744

Hire purchase contracts

35,210

51,575

36,765

63,319

9.	RELATED PARTY DISCLOSURES

During the year the company rented premises in the ordinary course of business from a partnership for an annual rental of £18,900 ( 2024 - £18,900). One of the directors of the company is a partner in that partnership.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marchwood Motorways Taxis Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Marchwood Motorways Taxis Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marchwood Motorways Taxis Limited and state those matters that we have agreed to state to the Board of Directors of Marchwood Motorways Taxis Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marchwood Motorways Taxis Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marchwood Motorways Taxis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marchwood Motorways Taxis Limited. You consider that Marchwood Motorways Taxis Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marchwood Motorways Taxis Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richard Small & Co

24 Central Precinct

Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2GA

Date: 15 December 2025