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Registered number: 02360504
Poole Radio Cabs Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 02360504
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 111,471 174,813
Tangible Assets 5 799,539 725,290
Investments 6 146,190 125,310
1,057,200 1,025,413
CURRENT ASSETS
Debtors 7 782,530 960,955
Cash at bank and in hand 56,027 96,688
838,557 1,057,643
Creditors: Amounts Falling Due Within One Year 8 (737,669 ) (897,965 )
NET CURRENT ASSETS (LIABILITIES) 100,888 159,678
TOTAL ASSETS LESS CURRENT LIABILITIES 1,158,088 1,185,091
Creditors: Amounts Falling Due After More Than One Year 9 (129,465 ) (282,868 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (37,292 ) (2,119 )
NET ASSETS 991,331 900,104
CAPITAL AND RESERVES
Called up share capital 11 2,300 2,300
Share premium account 78,400 78,400
Capital redemption reserve 14,716 14,716
Fair value reserve 153,691 100,219
Profit and Loss Account 742,224 704,469
SHAREHOLDERS' FUNDS 991,331 900,104
Page 1
Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gary White
Director
9 December 2025
The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Poole Radio Cabs Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02360504 . The registered office is First Floor 16 Didcot Road, Nuffield Industrial Estate, Poole, Dorset, BH17 0GD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

These financial statements are presented in pound sterling which is the functional currency of the company.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible fixed assets are software development and is measured at cost less accumulated amortisation. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 2% straight line
Plant & Machinery 15% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 33% straight line
2.6. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.7. Financial Instruments
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially measured at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.9. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.10. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.11. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value can not be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 24)
24 24
4. Intangible Assets
Goodwill Other Total
£ £ £
Cost
As at 1 January 2024 105,000 344,429 449,429
As at 31 December 2024 105,000 344,429 449,429
Amortisation
As at 1 January 2024 105,000 169,616 274,616
Provided during the period - 63,342 63,342
As at 31 December 2024 105,000 232,958 337,958
Net Book Value
As at 31 December 2024 - 111,471 111,471
As at 1 January 2024 - 174,813 174,813
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Page 5
5. Tangible Assets
Land & Property
Freehold Investment Properties Plant & Machinery Motor Vehicles
£ £ £ £
Cost or Valuation
As at 1 January 2024 352,735 360,000 218,184 55,932
Additions - - 840 -
Revaluation - 90,000 - -
As at 31 December 2024 352,735 450,000 219,024 55,932
Depreciation
As at 1 January 2024 45,944 - 209,641 21,818
Provided during the period 7,055 - 2,310 8,529
As at 31 December 2024 52,999 - 211,951 30,347
Net Book Value
As at 31 December 2024 299,736 450,000 7,073 25,585
As at 1 January 2024 306,791 360,000 8,543 34,114
Fixtures & Fittings Total
£ £
Cost or Valuation
As at 1 January 2024 201,710 1,188,561
Additions 6,938 7,778
Revaluation - 90,000
As at 31 December 2024 208,648 1,286,339
Depreciation
As at 1 January 2024 185,868 463,271
Provided during the period 5,635 23,529
As at 31 December 2024 191,503 486,800
Net Book Value
As at 31 December 2024 17,145 799,539
As at 1 January 2024 15,842 725,290
The historical cost of the investment property is £249,500 (2023 - £249,500).
The directors consider the market value of the investment property at the year end to be £450,000 (2023 - £360,000).
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6. Investments
Unlisted
£
Cost
As at 1 January 2024 125,310
Additions 20,880
As at 31 December 2024 146,190
Provision
As at 1 January 2024 -
As at 31 December 2024 -
Net Book Value
As at 31 December 2024 146,190
As at 1 January 2024 125,310
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 346,287 679,787
Prepayments and accrued income 158,507 4,021
Other debtors 32,692 15,377
Amounts owed by group undertakings 245,044 261,770
782,530 960,955
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 439,897 628,743
Bank loans and overdrafts 12,268 27,989
Other taxes and social security 132,899 129,593
Other creditors 144,505 55,457
Accruals and deferred income 8,100 56,183
737,669 897,965
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 129,465 282,868
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2024 2023
£ £
Bank loans 80,189 191,304
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10. Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured against the freehold property of the company.
2024 2023
£ £
Bank loans and overdrafts 141,733 310,857
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2,300 2,300
12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 8,400 8,400
Later than one year and not later than five years 19,572 27,972
27,972 36,372
13. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £2,661 (2023 - £5,195) were due to the fund. They are included in Other Creditors.
14. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is TRXCOM Ltd. The registered office is Unit 3 Vista Place, Coy Pond Business Park, Ingworth Road, Poole, England, BH12 1JY
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