FARINGDON TAXIS LIMITED


Director	YAQUB, Omar Khokhar


Registered Address	Community House
	Badger Street
	Bury
	BL9 6AD


Registered Number	11242301 (England and Wales)

Statement of Financial Position
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		1,396		1,745
			1,396		1,745
Current assets
Debtors	4,5	6,549		5,154
Cash at bank and on hand		1,041		-
		7,590		5,154
Creditors amounts falling due within one year	6	(2,867)		(2,893)
Net current assets (liabilities)			4,723		2,261
Total assets less current liabilities			6,119		4,006
Creditors amounts falling due after one year			(1,843)		(3,882)
Net assets			4,276		124
Capital and reserves
Called up share capital			1		1
Profit and loss account			4,275		123
Shareholders' funds			4,276		124

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 16 December 2025, and are signed on its behalf by:

YAQUB, Omar Khokhar
Director
Registered Company No. 11242301

FARINGDON TAXIS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Vehicles	20

2.	Average number of employees


		2025		2024
	Average number of employees during the year	0		0

3.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	6,655
	At 31 March 25	6,655
	Depreciation and impairment
	At 01 April 24	4,910
	Charge for year	349
	At 31 March 25	5,259
	Net book value
	At 31 March 25	1,396
	At 31 March 24	1,745

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	3,063	-
Total	3,063	-


	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 recognised 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 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 recognised 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.

5.	Debtors: amounts due after one year

	2025	2024
	£	£
Amounts owed by group undertakings	3,485	5,154
Total	3,485	5,154

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Bank borrowings and overdrafts	-	26
Taxation and social security	2,560	2,560
Other creditors	307	307
Total	2,867	2,893


	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.