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COMPANY REGISTRATION NUMBER: 04932076

Jim's Taxis Limited

Filleted Unaudited Financial Statements

31 October 2025

Jim's Taxis Limited

Financial Statements

Year ended 31 October 2025

Contents | Pages

Chartered accountants report to the director on the preparation of the unaudited statutory financial statements | 1

Balance sheet | 2 to 3

Notes to the financial statements | 4 to 7

Jim's Taxis Limited

Chartered Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Jim's Taxis Limited

Year ended 31 October 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Jim's Taxis Limited for the year ended 31 October 2025, which comprise the balance sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Jim's Taxis Limited in accordance with the terms of our engagement letter dated 30 May 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Jim's Taxis Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jim's Taxis Limited and its director for our work or for this report.
It is your duty to ensure that Jim's Taxis Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Jim's Taxis Limited. You consider that Jim's Taxis Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Jim's Taxis Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
MILLER DAVIES LLP Chartered Accountants
A3 Broomsleigh Business Park Worsley Bridge Road London SE26 5BN
4 February 2026

Jim's Taxis Limited

Balance Sheet

31 October 2025

| 2025 | 2024
Note | £ | £

Fixed assets

Tangible assets | 4 | 7,878,700 | 6,741,390

Current assets

Debtors | 5 | 91,934 | 126,077
Cash at bank and in hand | 91,595 | 111,378
| --------- | ---------
| 183,529 | 237,455

Creditors: amounts falling due within one year | 6 | 2,240,866 | 1,820,187
| ------------ | ------------
Net current liabilities | 2,057,337 | 1,582,732
| ------------ | ------------
Total assets less current liabilities | 5,821,363 | 5,158,658

Creditors: amounts falling due after more than one year | 7 | 3,513,547 | 3,598,099
| ------------ | ------------
Net assets | 2,307,816 | 1,560,559
| ------------ | ------------

Capital and reserves

Called up share capital | 1 | 1
Profit and loss account | 2,307,815 | 1,560,558
| ------------ | ------------
Shareholders funds | 2,307,816 | 1,560,559
| ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Jim's Taxis Limited

Balance Sheet (continued)

31 October 2025
These financial statements were approved by the board of directors and authorised for issue on 4 February 2026 , and are signed on behalf of the board by:

Mr J. J. J. Lyons |
Director |

Company registration number: 04932076

Jim's Taxis Limited

Notes to the Financial Statements

Year ended 31 October 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is A3 Broomsleigh Business Park, Worsley Bridge Road, London, SE26 5BN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Motor vehicles | - | 10% straight line
| Office equipment | - | 20% straight line
| Taxi cabs | - | 10% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Tangible assets

| Motor vehicles | Equipment | Taxi cabs | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 November 2024 | 17,195 | 2,082 | 8,301,790 | 8,321,067
Additions | – | – | 2,088,330 | 2,088,330
| -------- | ------- | ------------- | -------------
At 31 October 2025 | 17,195 | 2,082 | 10,390,120 | 10,409,397
| -------- | ------- | ------------- | -------------
Depreciation |  |  |  |
At 1 November 2024 | 4,299 | 1,030 | 1,574,348 | 1,579,677
Charge for the year | 4,299 | 416 | 946,305 | 951,020
| -------- | ------- | ------------- | -------------
At 31 October 2025 | 8,598 | 1,446 | 2,520,653 | 2,530,697
| -------- | ------- | ------------- | -------------
Carrying amount |  |  |  |
At 31 October 2025 | 8,597 | 636 | 7,869,467 | 7,878,700
| -------- | ------- | ------------- | -------------
At 31 October 2024 | 12,896 | 1,052 | 6,727,442 | 6,741,390
| -------- | ------- | ------------- | -------------

5. Debtors

| 2025 | 2024
| £ | £
Trade debtors | ( 1,106) | 16,150
Other debtors | 93,040 | 109,927
| -------- | ---------
| 91,934 | 126,077
| -------- | ---------

6. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 2,498 | 2,498
Trade creditors | 4,699 | 126,130
Social security and other taxes | 114,791 | –
Other creditors | 2,118,878 | 1,691,559
| ------------ | ------------
| 2,240,866 | 1,820,187
| ------------ | ------------

7. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 10,795 | 13,294
Other creditors | 3,502,752 | 3,584,805
| ------------ | ------------
| 3,513,547 | 3,598,099
| ------------ | ------------

8. Financial instruments
The carrying amount for each category of financial instrument is as follows:

| 2025 | 2024
| £ | £

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss | 92,039 | 129,078
| -------- | ---------

Financial liabilities measured at fair value through profit or loss

Financial liabilities measured at fair value through profit or loss | 5,639,622 | 5,413,740
| ------------ | ------------

9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:

| 2025
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr J. J. J. Lyons | ( 272,204) | ( 63,932) | ( 336,136)
|  | --------- | -------- | ---------

| 2024
|  | Balance brought forward | Advances/ (credits) to the director | Balance outstanding
|  | £ | £ | £
| Mr J. J. J. Lyons | ( 224,365) | ( 47,839) | ( 272,204)
|  | --------- | -------- | ---------