Swallownest & Airport Taxis Limited

Registered number

04284711

Unaudited Filleted Accounts

31 March 2026

Swallownest & Airport Taxis Limited
Registered number:		04284711
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		115,210			111,838

Current assets
Debtors	4	83,368			75,099
Cash at bank and in hand		181,819			206,248
		265,187			281,347

Creditors: amounts falling due within one year	5	(125,218)			(102,418)

Net current assets			139,969			178,929

Total assets less current liabilities			255,179			290,767

Creditors: amounts falling due after more than one year	6		(36,326)			(52,031)



Net assets			218,853			238,736

Capital and reserves
Called up share capital			10			10
Profit and loss account			218,843			238,726

Shareholders' funds			218,853			238,736

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.




Mr N Struggles
Director
Approved by the board on 18 May 2026

Swallownest & Airport Taxis Limited
Notes to the Accounts
for the year ended 31 March 2026


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:

	Buildings			over 5 years
	Plant and machinery			15% reducing balance
	Motor vehicles			25% reducing balance

	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.


2	Employees					2026		2025
Number							Number

	Average number of persons employed by the company					2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2025	-		4,445		195,449		199,894
	Additions	2,400		-		61,869		64,269
	Disposals	-		-		(52,763)		(52,763)
	At 31 March 2026	2,400		4,445		204,555		211,400

	Depreciation
	At 1 April 2025	-		4,049		84,007		88,056
	Charge for the year	360		60		33,880		34,300
	On disposals	-		-		(26,166)		(26,166)
	At 31 March 2026	360		4,109		91,721		96,190

	Net book value
	At 31 March 2026	2,040		336		112,834		115,210
	At 31 March 2025	-		396		111,442		111,838


4	Debtors					2026		2025
£							£

	Trade debtors					81,057		65,975
	Other debtors					2,311		9,124
						83,368		75,099


5	Creditors: amounts falling due within one year					2026		2025
£							£

	Bank loans and overdrafts					1,776		10,464
	Obligations under finance lease and hire purchase contracts					25,356		28,309
	Trade creditors					8,552		5,402
	Taxation and social security costs					57,524		57,343
	Other creditors					32,010		900
						125,218		102,418


6	Creditors: amounts falling due after one year					2026		2025
£							£

	Bank loans					-		1,772
	Obligations under finance lease and hire purchase contracts					36,326		50,259
						36,326		52,031


7	Related party transactions

	Included within other debtors is an amount owing from Mr & Mrs Struggles of £872 (Debtor 2025: £7,704) for their Directors' loan account.


8	Controlling party

	Mr N Struggles and Mrs T Struggles own the company equally with each having a 50% shareholding.


9	Other information

	Swallownest & Airport Taxis Limited is a private company limited by shares and incorporated in England. Its registered office is:
	109 Worksop Road
	Swallownest
	Sheffield
	South Yorkshire
	S26 4WB