Registration number: 05059016

New City Taxis Limited

Contents

Company Information	1
Statement of Financial Position	2
Notes to the Unaudited Financial Statements	3 to 10

New City Taxis Limited

Company Information

Director

Mrs J Jones

Registered office

316 Blackpool Road Fulwood Preston Lancashire PR2 3AE

Accountants

McDade Roberts Accountants Ltd Chartered Accountants316 Blackpool Road Preston Lancashire PR2 3AE

New City Taxis Limited

(Registration number: 05059016)
Statement of Financial Position as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Intangible assets	4	564	1,040
Tangible assets	5	317	15,007
Investments	6	100	-
		981	16,047
Current assets
Debtors	7	455,891	90,819
Cash at bank and in hand		146,239	135,506
		602,130	226,325
Creditors: Amounts falling due within one year	8	(130,271)	(52,047)
Net current assets		471,859	174,278
Net assets		472,840	190,325
Capital and reserves
Called up share capital		48	48
Capital redemption reserve		52	52
Retained earnings		472,740	190,225
Shareholders' funds		472,840	190,325

For the financial period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the director on 29 May 2026
 

......................................... Mrs J Jones Director

New City Taxis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

These financial statements were authorised for issue by the director on 29 May 2026.

2	Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

New City Taxis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 February 2025 (continued)

2	Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% on cost
Fixtures and fittings	20% on cost
Motor vehicles	25% on cost
Computer equipment	33% on cost

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Investments

Investments in subsidiary undertakings are recognised at cost.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

New City Taxis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 February 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 7 (2024 - 8).

New City Taxis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 February 2025 (continued)

4	Intangible assets

	Goodwill  £	Other intangible assets  £	Total £
Cost or valuation
At 1 April 2024	15,000	2,600	17,600
At 28 February 2025	15,000	2,600	17,600
Amortisation
At 1 April 2024	15,000	1,560	16,560
Amortisation charge	-	476	476
At 28 February 2025	15,000	2,036	17,036
Carrying amount
At 28 February 2025	-	564	564
At 31 March 2024	-	1,040	1,040

5	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Office equipment £	Motor vehicles  £
Cost or valuation
At 1 April 2024	11,158	3,500	24,941	37,134
Disposals	(11,158)	(3,500)	(24,941)	(22,184)
At 28 February 2025	-	-	-	14,950
Depreciation
At 1 April 2024	11,158	3,326	24,937	22,305
Charge for the period	-	-	-	3,421
Eliminated on disposal	(11,158)	(3,326)	(24,937)	(11,093)
At 28 February 2025	-	-	-	14,633
Carrying amount
At 28 February 2025	-	-	-	317
At 31 March 2024	-	174	4	14,829

New City Taxis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 February 2025 (continued)

5	Tangible assets (continued)

	Total £
Cost or valuation
At 1 April 2024	76,733
Disposals	(61,783)
At 28 February 2025	14,950
Depreciation
At 1 April 2024	61,726
Charge for the period	3,421
Eliminated on disposal	(50,514)
At 28 February 2025	14,633
Carrying amount
At 28 February 2025	317
At 31 March 2024	15,007

New City Taxis Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 28 February 2025 (continued)

5	Tangible assets (continued)

6	Investments

	2025 £	2024 £
Investments in subsidiaries	100	-