Company No: 04517071 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	101,500		127,100
Tangible assets	4	1,130,864		1,134,361
Investments	5	644,837		147,583
		1,877,201		1,409,044
Current assets
Debtors	6	2,673,436		2,456,642
Cash at bank and in hand		9,870		43,089
		2,683,306		2,499,731
Creditors: amounts falling due within one year	7	( 1,036,980)		( 1,045,572)
Net current assets		1,646,326		1,454,159
Total assets less current liabilities		3,523,527		2,863,203
Creditors: amounts falling due after more than one year	8	( 541,303)		( 259,844)
Provision for liabilities		155,538		126,691
Net assets		3,137,762		2,730,050
Capital and reserves
Called-up share capital	9	100		100
Profit and loss account		3,137,662		2,729,950
Total shareholders' funds		3,137,762		2,730,050

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of A2B Taxis (Truro) Limited (registered number: 04517071) were approved and authorised for issue by the Board of Directors on 11 May 2026. They were signed on its behalf by:

J E Perryman Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A2B Taxis (Truro) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Francis Clark Llp Lowin House, Tregolls Road, Truro, TR1 2NA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from the provision of taxi services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill	10 years straight line
Website costs	3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	not depreciated
Vehicles	20 % reducing balance
Fixtures and fittings	10 years straight line
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	18		11

3. Intangible assets

	Goodwill		Website costs		Total
	£		£		£
Cost
At 01 December 2024	656,224		9,109		665,333
At 30 November 2025	656,224		9,109		665,333
Accumulated amortisation
At 01 December 2024	529,124		9,109		538,233
Charge for the financial year	25,600		0		25,600
At 30 November 2025	554,724		9,109		563,833
Net book value
At 30 November 2025	101,500		0		101,500
At 30 November 2024	127,100		0		127,100

4. Tangible assets

	Land and buildings		Vehicles		Fixtures and fittings		Office equipment		Total
	£		£		£		£		£
Cost
At 01 December 2024	24,943		1,827,929		59,855		88,128		2,000,855
Additions	0		303,192		674		6,452		310,318
Disposals	0		( 88,806)		0		0		( 88,806)
At 30 November 2025	24,943		2,042,315		60,529		94,580		2,222,367
Accumulated depreciation
At 01 December 2024	0		747,312		40,782		78,400		866,494
Charge for the financial year	0		239,316		4,879		4,924		249,119
Disposals	0		( 24,110)		0		0		( 24,110)
At 30 November 2025	0		962,518		45,661		83,324		1,091,503
Net book value
At 30 November 2025	24,943		1,079,797		14,868		11,256		1,130,864
At 30 November 2024	24,943		1,080,617		19,073		9,728		1,134,361

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 December 2024	147,583
Additions	497,254
At 30 November 2025	644,837
Carrying value at 30 November 2025	644,837
Carrying value at 30 November 2024	147,583

Investments in shares

Name of entity	Registered office	Principal activity	Class of shares	Ownership 30.11.2025	Ownership 30.11.2024
A2B Cornwall Airport Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
A2B Falmouth Docks Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
A2B Falmouth Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
A2B Kernow Transport Services Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
A2B Patient Transport Services Cornwall Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
A2B Taxis Cornwall Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
A2B Taxis Falmouth Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
A2B Taxis Kernow Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
A2B Transport Falmouth Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
A2B Transport Services Cornwall Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
A2B Transport Truro Limited	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
Newquay Airport Taxis Ltd	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Taxi operation	Ordinary	100.00%	100.00%
Newquay Airport Transfers Ltd	Lowin House, Tregolls Road, Truro, Cornwall, TR1 2NA	Dormant company	Ordinary	100.00%	100.00%
Abacus and Falmouth Taxis Limited	Lowin House, Tregolls Road, Truro, Cornwall, United Kingdom, TR1 2NA	Taxi operation	Ordinary	100.00%	0.00%
TNFP Taxis Limited	Lowin House, Tregolls Road, Truro, Cornwall, United Kingdom, TR1 2NA	Taxi operation	Ordinary	100.00%	0.00%

6. Debtors

	2025		2024
	£		£
Trade debtors	294,672		325,982
Other debtors	2,378,764		2,130,660
	2,673,436		2,456,642

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	305,477		155,785
Trade creditors	234,162		257,065
Amounts owed to directors	35,022		0
Accruals and deferred income	56,926		7,016
Corporation tax	178,026		389,583
Other taxation and social security	9,127		15,024
Obligations under finance leases and hire purchase contracts	123,023		100,246
Other creditors	95,217		120,853
	1,036,980		1,045,572

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

	2025		2024
	£		£
Bank loans	350,000		33,333
Obligations under finance leases and hire purchase contracts	191,303		226,511
	541,303		259,844

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
J E Perryman	20,128		18,203
P Perryman	37,482		1,614
D P Perryman	93,339		87,846
C C Perryman	(35,022)		471
S D Perryman	47,875		46,825

The above balances relate to amounts owed to/(by) the company by the directors as at 30 November 2025. Interest has been charged at the HMRC official rates.