| Dhillon Taxis Ltd |
| Registered number: |
SC474365 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
125,000 |
|
|
105,000 |
| Tangible assets |
4 |
|
|
421,418 |
|
|
205,079 |
|
|
|
|
546,418 |
|
|
310,079 |
|
| Current assets |
| Debtors |
5 |
|
20,000 |
|
|
- |
| Cash at bank and in hand |
|
|
23,161 |
|
|
78,027 |
|
|
|
43,161 |
|
|
78,027 |
|
| Creditors: amounts falling due within one year |
6 |
|
(77,256) |
|
|
(47,812) |
|
| Net current (liabilities)/assets |
|
|
|
(34,095) |
|
|
30,215 |
|
| Total assets less current liabilities |
|
|
|
512,323 |
|
|
340,294 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
- |
|
|
(25,000) |
|
| Provisions for liabilities |
|
|
|
(6,933) |
|
|
(3,025) |
|
|
| Net assets |
|
|
|
505,390 |
|
|
312,269 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
20 |
|
|
10 |
| Profit and loss account |
|
|
|
505,370 |
|
|
312,259 |
|
| Shareholders' funds |
|
|
|
505,390 |
|
|
312,269 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A Dhillon |
| Director |
| Approved by the board on 15 December 2025 |
|
| Dhillon Taxis Ltd |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
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 and 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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on at the following annual rates on all tangible fixed assets, other than freehold land, as follows: |
|
|
Motor Vehicles |
25% on a Reducing Balance basis |
|
|
Debtors |
|
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. |
|
|
Creditors |
|
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. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
3 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Goodwill: |
|
|
Cost |
|
At 1 April 2024 |
105,000 |
|
Additions |
20,000 |
|
At 31 March 2025 |
125,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
125,000 |
|
At 31 March 2024 |
105,000 |
|
|
|
|
|
|
|
|
|
|
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 April 2024 |
114,610 |
|
666 |
|
156,808 |
|
272,084 |
|
Additions |
50,000 |
|
- |
|
211,297 |
|
261,297 |
|
Disposals |
- |
|
- |
|
(15,000) |
|
(15,000) |
|
At 31 March 2025 |
164,610 |
|
666 |
|
353,105 |
|
518,381 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 April 2024 |
- |
|
22 |
|
66,983 |
|
67,005 |
|
Charge for the year |
- |
|
129 |
|
41,863 |
|
41,992 |
|
On disposals |
- |
|
- |
|
(12,034) |
|
(12,034) |
|
At 31 March 2025 |
- |
|
151 |
|
96,812 |
|
96,963 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
164,610 |
|
515 |
|
256,293 |
|
421,418 |
|
At 31 March 2024 |
114,610 |
|
644 |
|
89,825 |
|
205,079 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Other debtors |
20,000 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
43 |
|
- |
|
Corporation tax |
63,317 |
|
37,616 |
|
Other taxes and social security costs |
4,310 |
|
9,240 |
|
Other creditors |
9,586 |
|
956 |
|
|
|
|
|
|
77,256 |
|
47,812 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Other creditors |
- |
|
25,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Dhillon Taxis Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
2 Cromdale Brae |
|
Glenrothes |
|
Fife |
|
KY6 3NP |