| Viovia Taxis Limited |
| Registered number: |
13523104 |
| Balance Sheet |
| as at 31 July 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,624,680 |
|
|
805,973 |
|
| Current assets |
| Debtors |
4 |
|
60,906 |
|
|
21,608 |
| Cash at bank and in hand |
|
|
30,920 |
|
|
70,769 |
|
|
|
91,826 |
|
|
92,377 |
|
| Creditors: amounts falling due within one year |
5 |
|
(275,584) |
|
|
(141,267) |
|
| Net current liabilities |
|
|
|
(183,758) |
|
|
(48,890) |
|
| Total assets less current liabilities |
|
|
|
1,440,922 |
|
|
757,083 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(978,958) |
|
|
(689,570) |
|
|
|
| Net assets |
|
|
|
461,964 |
|
|
67,513 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Share premium |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
461,864 |
|
|
67,413 |
|
| Shareholders' funds |
|
|
|
461,964 |
|
|
67,513 |
|
|
|
|
|
|
|
|
| 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. |
|
|
|
|
| A Pearce |
| Director |
| Approved by the board on 27 April 2026 |
|
| Viovia Taxis Limited |
| Notes to the Accounts |
| for the year ended 31 July 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). The company was incorporated 21 July 2021. |
|
|
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 taxi services. Turnover from the rendering of taxi services is recognised in the financial statements in the period generated. |
|
|
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 at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant & machinery |
over 2 years |
|
Motor vehicles |
15 years straight line |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
Taxable loss for the period has been carried forward to offset again future profit. Deferred tax is not recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments as this is immaterial to the true and fair view of the financial statements. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 August 2024 |
560 |
|
1,080,895 |
|
1,081,455 |
|
Additions |
1,157 |
|
796,049 |
|
797,206 |
|
At 31 July 2025 |
1,717 |
|
1,876,944 |
|
1,878,661 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2024 |
540 |
|
274,942 |
|
275,482 |
|
Charge for the year |
598 |
|
(22,099) |
|
(21,501) |
|
At 31 July 2025 |
1,138 |
|
252,843 |
|
253,981 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2025 |
579 |
|
1,624,101 |
|
1,624,680 |
|
At 31 July 2024 |
20 |
|
805,953 |
|
805,973 |
|
|
The company changed its method of depreciating motor vehicles and applied it retrospectively. |
|
The directors believe the previous 5–7 year depreciation assumption no longer reflects the pattern |
|
in which economic benefits are consumed. A 15-year straight-line useful economic life is considered |
|
a more accurate representation of asset consumption. |
|
This adjustment has resulted in an increase to net profit which will not be repeated in future years. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
7,630 |
|
3,175 |
|
Director's loan account |
|
22,829 |
|
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
22,520 |
|
16,520 |
|
Other debtors |
7,927 |
|
1,913 |
|
|
|
|
|
|
60,906 |
|
21,608 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
183,589 |
|
89,158 |
|
Trade creditors |
68,947 |
|
13,962 |
|
Director's loan account |
|
- |
|
22,499 |
|
Taxation and social security costs |
20,048 |
|
13,648 |
|
Other creditors |
3,000 |
|
2,000 |
|
|
|
|
|
|
275,584 |
|
141,267 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Obligations under finance lease and hire purchase contracts |
978,958 |
|
689,570 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Viovia Taxis Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
29 Pegasus Close |
|
Hamble |
|
Southampton |
|
SO31 4QZ |