Company Registration No. 05470953 (England and Wales)
B W Taxis Limited
Unaudited accounts
for the year ended 31 August 2025
B W Taxis Limited
Unaudited accounts
Contents
B W Taxis Limited
Statement of financial position
as at 31 August 2025
Intangible assets
6,000
7,000
Tangible assets
223,934
174,999
Cash at bank and in hand
71,213
33,447
Creditors: amounts falling due within one year
(610,087)
(718,939)
Net current (liabilities)/assets
(497,352)
113,921
Total assets less current liabilities
(267,418)
295,920
Creditors: amounts falling due after more than one year
(254,302)
(64,644)
Provisions for liabilities
Other provisions
-
(750,000)
Net liabilities
(521,720)
(518,724)
Called up share capital
300
300
Profit and loss account
(522,020)
(519,024)
Shareholders' funds
(521,720)
(518,724)
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 May 2026 and were signed on its behalf by
Mr J R Logsdon
Director
Company Registration No. 05470953
B W Taxis Limited
Notes to the Accounts
for the year ended 31 August 2025
B W Taxis Limited is a private company, limited by shares, registered in England and Wales, registration number 05470953. The registered office is Unit 1, Stevens Mill, Station Road, Ilminster, Somerset, TA19 9AT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
B W Taxis Limited
Notes to the Accounts
for the year ended 31 August 2025
4
Intangible fixed assets
Goodwill
At 1 September 2024
20,000
At 1 September 2024
13,000
Goodwill is amortised at 5% on a straight line basis.
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 September 2024
397,742
20,169
417,911
Additions
132,552
508
133,060
Disposals
(75,971)
-
(75,971)
At 31 August 2025
454,323
20,677
475,000
At 1 September 2024
227,458
15,454
242,912
Charge for the year
72,239
1,344
73,583
On disposals
(65,429)
-
(65,429)
At 31 August 2025
234,268
16,798
251,066
At 31 August 2025
220,055
3,879
223,934
At 31 August 2024
170,284
4,715
174,999
Amounts falling due within one year
Other debtors
39,167
796,944
B W Taxis Limited
Notes to the Accounts
for the year ended 31 August 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
38,977
273,015
Obligations under finance leases and hire purchase contracts
150,070
64,505
Trade creditors
100,907
66,162
Taxes and social security
109,835
181,842
Other creditors
15,355
15,653
Loans from directors
2,500
-
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
254,302
64,644
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
6,000
65,470
73,970
(2,500)
6,000
65,470
73,970
(2,500)
During the year various transactions were made through the directors' loan accounts as shown above.
10
Transactions with related parties
Loans of £794,327 to companies related by virtue of common ownership were written off in the year.
Advances and repayments were made to a shareholder during the year and an amount of £39,167 relating to these transactions is included in other debtors. This balance was repaid within 9 months of the year-end.
11
Average number of employees
During the year the average number of employees was 34 (2024: 36).