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Registered number: 02957583
United Taxis Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Artema Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 02957583
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 123,371 176,066
Investments 6 280,954 360,953
404,325 537,019
CURRENT ASSETS
Stocks 7 839 837
Debtors 8 131,587 87,643
Cash at bank and in hand 631,048 631,263
763,474 719,743
Creditors: Amounts Falling Due Within One Year 9 (629,065 ) (614,822 )
NET CURRENT ASSETS (LIABILITIES) 134,409 104,921
TOTAL ASSETS LESS CURRENT LIABILITIES 538,734 641,940
NET ASSETS 538,734 641,940
CAPITAL AND RESERVES
Called up share capital 10 322 322
Share premium account 1,862,711 1,862,711
Profit and Loss Account (1,324,299 ) (1,221,093 )
SHAREHOLDERS' FUNDS 538,734 641,940
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For the year ending 30 September 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Andrew Prescott
Director
17/06/2026
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
United Taxis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02957583 . The registered office is 1a Kingsburys Lane, Ringwood, Hampshire, BH24 1EL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 5 year straight line
Motor Vehicles 4 year straight line
Fixtures & Fittings 4 year straight line
Computer Equipment 4 year straight line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
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2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2025 2024
All staff 27 29
27 29
4. Intangible Assets
Goodwill
£
Cost
As at 1 October 2024 125,000
As at 30 September 2025 125,000
Amortisation
As at 1 October 2024 125,000
As at 30 September 2025 125,000
Net Book Value
As at 30 September 2025 -
As at 1 October 2024 -
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5. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 October 2024 234,979 21,970 802,739 162,008 1,221,696
Additions - - 3,797 - 3,797
As at 30 September 2025 234,979 21,970 806,536 162,008 1,225,493
Depreciation
As at 1 October 2024 93,856 21,970 767,796 162,008 1,045,630
Provided during the period 35,830 - 20,662 - 56,492
As at 30 September 2025 129,686 21,970 788,458 162,008 1,102,122
Net Book Value
As at 30 September 2025 105,293 - 18,078 - 123,371
As at 1 October 2024 141,123 - 34,943 - 176,066
6. Investments
Listed Unlisted Total
£ £ £
Cost or Valuation
As at 1 October 2024 10,875 910,078 920,953
Additions - 1 1
As at 30 September 2025 10,875 910,079 920,954
Provision
As at 1 October 2024 - 560,000 560,000
Added in period - 80,000 80,000
As at 30 September 2025 - 640,000 640,000
Net Book Value
As at 30 September 2025 10,875 270,079 280,954
As at 1 October 2024 10,875 350,078 360,953
7. Stocks
2025 2024
£ £
Stock 839 837
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8. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 121,070 84,672
Curb income owed 5,286 -
Loan to a third party 5,231 -
Corporation tax recoverable assets - 2,971
131,587 87,643
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 102,376 68,776
Other taxes and social security 13,426 12,321
VAT 53,897 91,497
Circuit turn bonds repayable 7,991 8,240
Pension creditor 2,351 2,285
Accruals and deferred income 179,940 161,525
Amounts owed to group undertakings 269,084 270,178
629,065 614,822
10. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 322 322
11. Related Party Transactions
United Taxis Limited has a 100% shareholding in Holdenhurst Properties Limited and a 100% control in United Group (Dorset) Limited. The business owed £6,121 and £262,963 respectively to these related parties at the year end 30th September 2025.
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