Central Taxis (West Midlands) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14409698

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		9,760		10,042

			9,760		10,042
CURRENT ASSETS
Debtors	5	23,962		174,172
Cash at bank and in hand		150,909		47,761

		174,871		221,933
Creditors: Amounts Falling Due Within One Year	6	(460,677 )		(181,213 )

NET CURRENT ASSETS (LIABILITIES)			(285,806 )		40,720

TOTAL ASSETS LESS CURRENT LIABILITIES			(276,046 )		50,762

NET (LIABILITIES)/ASSETS			(276,046 )		50,762

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(276,146 )		50,662

SHAREHOLDERS' FUNDS			(276,046)		50,762

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Central Taxis (West Midlands) Ltd

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Sukhbinder Mahal

Director

29th June 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Central Taxis (West Midlands) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14409698 . The registered office is Friars House, Manor House Drive, Coventry, CV1 2TE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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. 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:

Fixtures & Fittings

20% on reducing balance

2.4. 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 years 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.

...CONTINUED

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Central Taxis (West Midlands) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.4. Taxation - continued

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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 14)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost
As at 1 April 2024	12,553
Additions	2,158

As at 31 March 2025	14,711

Depreciation
As at 1 April 2024	2,511
Provided during the period	2,440

As at 31 March 2025	4,951

Net Book Value
As at 31 March 2025	9,760

As at 1 April 2024	10,042

5. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	6,152	5,341
Other debtors	17,810	168,831

	23,962	174,172

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Central Taxis (West Midlands) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	64,674	27,698
Amounts owed to participating interests	9,112	-
Other creditors	376,642	118,619
Taxation and social security	10,249	34,896

	460,677	181,213

7. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	100	100

8. Contingent Liabilities

Legal fees were incurred during the year in question, to defend the company’s use of the name “Central Taxis” from another company having Central Taxis as their name. The litigation was ongoing at the year end and was finally concluded in November 2024, by way of a settlement by the company.

9. Exceptional Items

COMPENSATION

This company was formed from a previous company owned by S S Mahal and Ghazanfar Khan

who were both Directors and owners of Central Taxis ( Warwks) Limited

Mr Mahal subsequently set up Central Taxis (West Midlands) Limited and took with him client list and their contact details and the telephone

numbers used by the previous company.

Mr Khan persued action through the High Court for damages and breach of agreement.

An agreement was reached between Central Taxis (West Midlands) Limited and Mr G Khan for Central Taxis ( West Midlands ) Limited to pay Mr G Khan the sum of £550, 000 as compensation on 13.09.2024.

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