EUROLYNX TAXIS LIMITED - Filleted accounts

Registered number

03198541

EUROLYNX TAXIS LIMITED

Filleted Accounts

31 May 2025

EUROLYNX TAXIS LIMITED
Registered number:		03198541
Balance Sheet
as at 31 May 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		59,170			65,475
Tangible assets	4		306,680			363,776
Investments	5		84,450			84,450
			450,300			513,701

Current assets
Debtors	6	1,153,272			644,688
Cash at bank and in hand		1,539,602			1,353,682
		2,692,874			1,998,370

Creditors: amounts falling due within one year	7	(605,621)			(447,858)

Net current assets			2,087,253			1,550,512

Net assets			2,537,553			2,064,213

Capital and reserves
Called up share capital			2			2
Profit and loss account			2,537,551			2,064,211

Shareholders' funds			2,537,553			2,064,213

The director is 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 director acknowledges his 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.




H Shakeri
Director
Approved by the board on 15 May 2026

EUROLYNX TAXIS LIMITED
Notes to the Accounts
for the year ended 31 May 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).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	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, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings			over 50 years
	Leasehold land and buildings			over the lease term
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. 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. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					30		30


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 June 2024							97,000
	At 31 May 2025							97,000

	Amortisation
	At 1 June 2024							31,525
	Provided during the year							6,305
	At 31 May 2025							37,830

	Net book value
	At 31 May 2025							59,170
	At 31 May 2024							65,475

	Goodwill is being written off at th erate of 6.5% on a reducing balance.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 June 2024	78,290		273,885		358,787		710,962
	At 31 May 2025	78,290		273,885		358,787		710,962

	Depreciation
	At 1 June 2024	-		257,146		90,040		347,186
	Charge for the year	-		3,347		53,749		57,096
	At 31 May 2025	-		260,493		143,789		404,282

	Net book value
	At 31 May 2025	78,290		13,392		214,998		306,680
	At 31 May 2024	78,290		16,739		268,747		363,776


5	Investments

Other
investments
£
	Cost
	At 1 June 2024							84,450

	At 31 May 2025							84,450


6	Debtors					2025		2024
£							£

	Trade debtors					190,022		344,438
	Amounts owed by group undertakings and undertakings in which the company has a participating interest					950,000		300,000
	Other debtors					13,250		250
						1,153,272		644,688


7	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					183,335		77,648
	Taxation and social security costs					390,334		368,427
	Other creditors					31,952		1,783
						605,621		447,858


8	Related party transactions

	Included in debtors, there is a loan of £950,000 made to Clique Porperties Ltd, a copmany owned and controlled by Mr. H Shakeri and Mr. B Shakeri.


9	Other information

	EUROLYNX TAXIS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	297A London Road
	Hazel Grove
	Stockport
	Cheshire
	SK7 4PS