Registration number: 01065269

Red Cab Taxis Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Red Cab Taxis Limited

Company Information

Directors

Miss D A Grant Mr T W Slater Mr G Valente

Registered office

6 Caunce Street Blackpool Lancashire FY1 3DN

Accountants

Giles Hewitt & Co Ltd Chartered Certified Accountants 257 Clifton Dr South St Annes on Sea Lytham St Annes Lancashire FY8 1HW

Red Cab Taxis Limited

(Registration number: 01065269)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	39,181	38,408
Investments	5	54,939	56,565
		94,120	94,973
Current assets
Stocks	6	7,706	11,245
Debtors	7	44,436	76,721
Cash at bank and in hand		413,496	485,417
		465,638	573,383
Creditors: Amounts falling due within one year	8	(378,052)	(397,136)
Net current assets		87,586	176,247
Net assets		181,706	271,220
Capital and reserves
Called up share capital	9	4,425	4,425
Share premium reserve		96,120	96,120
Revaluation reserve		42,639	42,639
Retained earnings		38,522	128,036
Shareholders' funds		181,706	271,220

Red Cab Taxis Limited

(Registration number: 01065269)
Balance Sheet as at 30 November 2025

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 June 2026 and signed on its behalf by:
 

......................................... Miss D A Grant Director

......................................... Mr T W Slater Director

Red Cab Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1	General information

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

The address of its registered office is:
6 Caunce Street
Blackpool
Lancashire
FY1 3DN

These financial statements were authorised for issue by the Board on 4 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents subscriptions due from drivers for the year, stated net of Value Added Tax.

Tax

The tax expense for the period comprises 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.

Red Cab Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

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 other than land and buildings are stated in the balance sheet 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.

Land and buildings are included at valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, less their residual value, over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land	is not depreciated
Buildings	over 50 years on valuation
Plant	over 3 to 5 years on cost
Furniture and fittings	over 5 years on cost
Office equipment	over 3 years on cost

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Merger accounting

As noted above, except in unusual circumstances, Financial Reporting Standard 102 Section 1A requires investments arising from business combinations to be accounted for using the purchase method. On transition to Financial Reporting Standard 102 Section 1A there is an exemption that allows past investments to continue to be accounted for using the merger basis of accounting where that method was used before the transition.

Investments

Investments in subsidiary companies are measured using the purchase method except where past acquisitions have previously been accounted for using the merger method of accounting.

Other investments are measured at cost less depreciation to date.

Red Cab Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and net realisable value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 23 (2024 - 26).

Red Cab Taxis Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 December 2024	50,000	125,038	479,066	654,104
Additions	-	2,525	-	2,525
At 30 November 2025	50,000	127,563	479,066	656,629
Depreciation
At 1 December 2024	14,000	122,630	479,066	615,696
Charge for the year	-	1,752	-	1,752
At 30 November 2025	14,000	124,382	479,066	617,448
Carrying amount
At 30 November 2025	36,000	3,181	-	39,181
At 30 November 2024	36,000	2,408	-	38,408

Included within the net book value of land and buildings above is £36,000 (2024 - £36,000) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Freehold land and buildings was revalued on 30 November 2002 by an independent valuer.
The basis for the valuation was market value. The name and qualification of the independent valuer are Duxburys Chartered Surveyors and Property Consultants.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £Nil (2024 - £7,361).

5	Investments

	2025 £	2024 £
Investments in subsidiaries	52,500	52,500
Other investments	2,439	4,065
	54,939	56,565