REGISTERED NUMBER: 06122964 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Abbey Taxis (Swindon) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

S Murray

REGISTERED OFFICE:

Hermes House

Fire Fly Avenue

Swindon

Wiltshire

SN2 2GA

REGISTERED NUMBER:

06122964 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

180,236

158,613

180,236

158,613

CURRENT ASSETS

Debtors

6

24,600

37,587

Cash at bank

31,526

118,504

56,126

156,091

CREDITORS

Amounts falling due within one year

7

92,899

99,332

NET CURRENT (LIABILITIES)/ASSETS

(36,773

)

56,759

TOTAL ASSETS LESS CURRENT LIABILITIES

143,463

215,372

CREDITORS

Amounts falling due after more than one year

8

-

8,333

NET ASSETS

143,463

207,039

CAPITAL AND RESERVES

Called up share capital

90

90

Capital redemption reserve

10

10

Retained earnings

143,363

206,939

SHAREHOLDERS' FUNDS

143,463

207,039

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 January 2026 and were signed by:

S Murray - Director

1.	STATUTORY INFORMATION

Abbey Taxis (Swindon) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover represents income due on contract taxi services provided during the period, excluding value added tax. Income represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

15% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use.

The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period. The effect of any changes is accounted for prospectively.

Tangible assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Financial assets and liabilities

Basic financial assets, include trade and other receivables, cash and bank balances. Basic financial liabilities, include trade and other payables. These items are included in the balance sheet at their transaction price.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 24 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

72,000

AMORTISATION

At 1 September 2024

and 31 August 2025

72,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

600

1,259

375,406

377,265

Additions

-

-

129,103

129,103

Disposals

-

-

(106,941

)

(106,941

)

At 31 August 2025

600

1,259

397,568

399,427

DEPRECIATION

At 1 September 2024

461

1,014

217,177

218,652

Charge for year

21

60

53,480

53,561

Eliminated on disposal

-

-

(53,022

)

(53,022

)

At 31 August 2025

482

1,074

217,635

219,191

NET BOOK VALUE

At 31 August 2025

118

185

179,933

180,236

At 31 August 2024

139

245

158,229

158,613

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Deferred tax asset

9,900

10,147

Prepayments and accrued income

14,700

27,440

24,600

37,587

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,333

10,000

Trade creditors

309

2,622

Tax

7,414

11,841

Social security and other taxes

28,619

32,950

Other creditors

45,382

25,435

Directors' current accounts

-

13,745

Accrued expenses

2,842

2,739

92,899

99,332

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

8,333