REGISTERED NUMBER: 05457585 (England and Wales)

Financial Statements for the Year Ended 31 May 2025

for

Alpha Cars (Liverpool) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs J A Bradley

J A Bradley

SECRETARY:

J A Bradley

REGISTERED OFFICE:

6 Childwall Fiveways

Liverpool

Merseyside

L15 6YB

REGISTERED NUMBER:

05457585 (England and Wales)

AUDITORS:

Cobham Murphy

Statutory Auditors

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Intangible assets

4

3,190,365

1,678,771

Tangible assets

5

534,191

513,632

Investments

6

-

1,605,029

Investment property

7

1,270,000

1,090,000

4,994,556

4,887,432

CURRENT ASSETS

Debtors

8

424,158

666,240

Cash at bank

446,021

428,731

870,179

1,094,971

CREDITORS

Amounts falling due within one year

9

1,455,509

1,862,866

NET CURRENT LIABILITIES

(585,330

)

(767,895

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,409,226

4,119,537

CREDITORS

Amounts falling due after more than one year

10

(534,050

)

(769,128

)

PROVISIONS FOR LIABILITIES

(165,748

)

(118,845

)

NET ASSETS

3,709,428

3,231,564

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

13

83,970

83,970

Retained earnings

3,625,358

3,147,494

SHAREHOLDERS' FUNDS

3,709,428

3,231,564

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2026 and were signed on its behalf by:

Mrs J A Bradley - Director

1.	STATUTORY INFORMATION

Alpha Cars (Liverpool) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors have prepared the financial statements on a going concern basis despite the net current liability position. The company is able to satisfy its liabilities as they are due.

Significant judgements and estimates

There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Revenue recognition

Turnover constitutes the fair value of services undertaken by the Company from it's principal activities, being:

The provision of system rental services to self-employed driver partners.

Turnover from these principal activities along with other ancillary services, is presented net of value added tax (VAT).

The company acts as principal in the provision of private hire vehicle services directly to commercial account customers and in system rental services to self-employed driver partners. It therefore recognises the fair value of such transactions as turnover with any directly attributable costs within cost of sales.

Self-employed driver partners are responsible for the provision of transportation services to non-commercial account passengers. The company acts as disclosed introducer and sub-agent and, therefore, does not recognise revenue for these transportation services.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of businesses between 2016 and 2024 is being amortised over its estimated useful life of five years.

Additions in the year of goodwill relate to the acquisition of the following:

Ormskirk Coaches & Taxis Ltd

Village Taxis

Development costs

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.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

An review for impairment is performed to ensure valued correctly. Any impairment that is found is recognised in the profit and loss

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 90 (2024 - 75 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 June 2024

2,795,696

677,956

3,473,652

Additions

1,707,907

616,133

2,324,040

Business combinations

8,000

-

8,000

At 31 May 2025

4,511,603

1,294,089

5,805,692

AMORTISATION

At 1 June 2024

1,659,290

135,591

1,794,881

Charge for year

628,919

191,527

820,446

At 31 May 2025

2,288,209

327,118

2,615,327

NET BOOK VALUE

At 31 May 2025

2,223,394

966,971

3,190,365

At 31 May 2024

1,136,406

542,365

1,678,771

Other intangible assets are developments cost. The company is developing a new application system which will streamline the taxi booking and payment process into one system making the entire operation more efficient.

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

1,772,961

Additions

66,247

Disposals

(46,658

)

Business combinations

92,826

At 31 May 2025

1,885,376

DEPRECIATION

At 1 June 2024

1,259,329

Charge for year

91,856

At 31 May 2025

1,351,185

NET BOOK VALUE

At 31 May 2025

534,191

At 31 May 2024

513,632

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 June 2024

1,605,029

Impairments

(1,605,029

)

At 31 May 2025

-

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

1,605,029

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

1,090,000

Revaluations

180,000

At 31 May 2025

1,270,000

NET BOOK VALUE

At 31 May 2025

1,270,000

At 31 May 2024

1,090,000

Fair value at 31 May 2025 is represented by:

£

Valuation in 2023

89,860

Valuation in 2024

43,897

Valuation in 2025

180,000

Cost

956,243

1,270,000

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

87,064

90,419

Amounts owed by associates

73,817

199,984

Other debtors

263,277

375,837

424,158

666,240

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

224,095

213,113

Trade creditors

135,195

125,666

Amounts owed to group undertakings

57,187

-

Amounts owed to associates

154,579

171,014

Taxation and social security

466,783

477,409

Other creditors

417,670

875,664

1,455,509

1,862,866

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

534,050

769,128

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.5.25

31.5.24

£

£

Within one year

57,900

49,333

Between one and five years

147,225

113,625

In more than five years

-

19,500

205,125

182,458

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans

758,145

982,241

HSBC UK Bank Plc provide finance and holds a charge over the Freehold property of Alpha cars (Liverpool) Limited.

13.

RESERVES

Fair

value

reserve

£

At 1 June 2024

and 31 May 2025

83,970

14.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Philip Harrison (Senior Statutory Auditor)

for and on behalf of Cobham Murphy

15.	RELATED PARTY DISCLOSURES

At the balance sheet date included in other debtors is £73,817 owed to (2024 - £21,038 owed to) the company by Alpha Taxi Rentals Limited. Mr J A Bradley and Mrs J A Bradley are shareholders and directors of Alpha Taxi Rentals Limited. The loan is interest free and unsecured.

16.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Alpha Holdings Liverpool Ltd, a company registered in England and Wales. The registered office is 6 Childwall Fiveways, Childwall, Liverpool L15 6YB. Consolidated financial statements can be obtained from Companies House.

The ultimate controlling party is Mr J A Bradley by virtue of his shareholding in the parent company.