Preston City Taxis Ltd - Filleted accounts

Registered number

10871011

Preston City Taxis Ltd

Filleted Accounts

30 September 2025

Preston City Taxis Ltd
Registered number:		10871011
Balance Sheet
as at 30 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		180,944			158,338

Current assets
Debtors	4	11,855			2,877
Cash at bank and in hand		6,917			5,267
		18,772			8,144

Creditors: amounts falling due within one year	5	(111,580)			(88,520)

Net current liabilities			(92,808)			(80,376)

Net assets			88,136			77,962

Capital and reserves
Called up share capital			100			100
Profit and loss account			88,036			77,862

Shareholders' funds			88,136			77,962

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 Sodack Moosa Ally
Director
Approved by the board on 13 February 2026

Preston City Taxis Ltd
Notes to the Accounts
for the year ended 30 September 2025


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:

	Freehold buildings			0%
	Plant and machinery			over 5 years

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					6		5


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2024	118,109		-		57,403		175,512
	Additions	5,887		5,000		25,928		36,815
	At 30 September 2025	123,996		5,000		83,331		212,327

	Depreciation
	At 1 October 2024	-		-		17,174		17,174
	Charge for the year	-		1,000		13,209		14,209
	At 30 September 2025	-		1,000		30,383		31,383

	Net book value
	At 30 September 2025	123,996		4,000		52,948		180,944
	At 30 September 2024	118,109		-		40,229		158,338


4	Debtors					2025		2024
£							£

	Trade debtors					11,855		2,529
	Other debtors					-		348
						11,855		2,877


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					25,305		36,329
	Obligations under finance lease and hire purchase contracts					41,668		25,596
	Trade creditors					24,162		12,630
	Taxation and social security costs					13,360		11,682
	Other creditors					7,085		2,283
						111,580		88,520


6	Other information

	Preston City Taxis Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	9 Winston Road
	Blackburn
	Lancashire
	BB1 8BJ