Ultimate Taxis Limited - Filleted accounts

Registered number

06603319

Ultimate Taxis Limited

Filleted Accounts

31 March 2025

Ultimate Taxis Limited
Registered number:		06603319
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		179,226			184,307

Current assets
Debtors	4	90,067			100,360
Cash at bank and in hand		2,910			10,045
		92,977			110,405

Creditors: amounts falling due within one year	5	(43,337)			(58,021)

Net current assets			49,640			52,384

Total assets less current liabilities			228,866			236,691

Creditors: amounts falling due after more than one year	6		(89,919)			(93,139)



Net assets			138,947			143,552

Capital and reserves
Called up share capital			100			100
Profit and loss account			138,847			143,452

Shareholders' funds			138,947			143,552

The directors are 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 directors acknowledge their 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.




Mr Terence Spooner
Director
Approved by the board on 30 December 2025

Ultimate Taxis Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 sale of goods and from the rendering of services. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Computer equipment			33% reducing balance
	Fixtures, fittings, tools and equipment			25% reducing balance
	Motor vehicles			15% reducing balance

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					8		9


3	Tangible fixed assets
		Land and buildings		Motor vehicles		Fixtures & fittings		Total
£			£		£		£
	Cost
	At 1 April 2024	163,885		29,990		2,302		196,177
	At 31 March 2025	163,885		29,990		2,302		196,177

	Depreciation
	At 1 April 2024	-		9,816		2,054		11,870
	Charge for the year	-		5,044		37		5,081
	At 31 March 2025	-		14,860		2,091		16,951

	Net book value
	At 31 March 2025	163,885		15,130		211		179,226
	At 31 March 2024	163,885		20,174		248		184,307


4	Debtors					2025		2024
£							£

	Trade debtors					18,160		17,478
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					71,907		82,882
						90,067		100,360


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					6,147		6,147
	Obligations under finance lease and hire purchase contracts					4,699		4,699
	Trade creditors					1,963		7,068
	Taxation and social security costs					29,233		38,607
	Other creditors					1,295		1,500
						43,337		58,021


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					75,293		79,171
	Obligations under finance lease and hire purchase contracts					8,243		12,942
	Other creditors					6,383		1,026
						89,919		93,139


7	Controlling party

	The company is controlled by the directors.


8	Other information

	Ultimate Taxis Limited is a private company limited by shares and incorporated in England. Its registered office is:
	70 High Street
	Newport
	TF10 7BA