BANBURY TAXIS (BANBURY) LIMITED
Statement of financial position
as at 31 March 2026
Tangible assets
93,854
69,244
Cash at bank and in hand
250,728
317,931
Creditors: amounts falling due within one year
(455,687)
(519,273)
Net current assets
149,758
82,899
Net assets
243,612
152,143
Profit and loss account
243,612
152,143
Shareholders' funds
243,612
152,143
For the year ending 31 March 2026 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 23 May 2025 and were signed on its behalf by
Hayley Margaret McBain-Kincaid
Director
Company Registration No. 06542810
BANBURY TAXIS (BANBURY) LIMITED
Notes to the Accounts
for the year ended 31 March 2026
BANBURY TAXIS (BANBURY) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06542810. The registered office is 47 Horsham Close, Banbury, OX16 1XP.
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.
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 have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
20% Diminishing
4
Tangible fixed assets
Motor vehicles
Charge for the year
17,295
Surplus on revaluation
(16,930)
BANBURY TAXIS (BANBURY) LIMITED
Notes to the Accounts
for the year ended 31 March 2026
Amounts falling due within one year
Trade debtors
354,717
283,191
6
Creditors: amounts falling due within one year
2026
2025
Trade creditors
7,727
(11,126)
Taxes and social security
117,756
137,122
Loans from directors
276,447
326,853
7
Average number of employees
During the year the average number of employees was 12 (2025: 12).