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Wookey Taxis (Consortium) Limited
Unaudited Financial Statements
for the year ended 31 October 2025
Company registration number 02431830
(England and Wales)

Company Information

For the year ended 31 October 2025
Director Church, Julie Anne Shirley

Company secretary Church, Julie Anne Shirley

Registered office 22 Wessex Park Bancombe Trading Estate
Somerton
TA11 6SB

Registered number 02431830

Accountant Somerset Accountancy Services Limited
Unit 22
Wessex Park
Bancombe Road, Unit 22
SOMERTON
Somerset
TA11 6SB

Balance Sheet

As at 31 October 2025
Notes
2025
2024
£
£
£
£
Fixed assets
Intangible assets
8,100
10,800
Tangible assets
11,832
14,582
19,932
25,382
Current assets
Debtors
6
27,100
46,186
Cash at bank and in hand
7
18,230
27,380
45,330
73,566
Creditors
Amounts falling due within one year
8
(57,846)
(89,566)
(57,846)
(89,566)
Net current assets (liabilities)
(12,516)
(16,000)
Total assets less current liabilities
7,416
9,382
Net assets (liabilities)
7,416
9,382
Capital and reserves
Called up share capital
9
5
5
Other reserves
10
10
Profit and loss account
7,401
9,367
Total equity
7,416
9,382

The company is a private company limited by shares and registered in England and Wales. It 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 financial statements.
The financial statements have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company's profit and loss account under section 444 (5A) of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444 (2A) of the Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 24 July 2026 and are signed on its behalf by:

Church, Julie Anne Shirley
Church, Julie Anne Shirley
Director

Company registration number 02431830

Notes to the Financial Statements

For the year ended 31 October 2025

1. Statutory information

The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The financial statements are presented in sterling and this is the functional currency of the company.

2. Accounting policies

2.1. Basis of preparation

The financial statements have been prepared in accordance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

The financial statements have been prepared under the historical cost convention in accordance with the Companies Act 2006.

2.2. 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.


Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.


Revenue 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.

2.3. Pensions

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

2.4. Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.


Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

2.5. Deferred tax

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.

2.6. Intangible assets and amortisation

Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

Goodwill

Goodwill arising on an acquisition of a business is carried at cost less accumulated impairment losses, if any. Goodwill is amortised over its expected useful life which is estimated to be ten years. Goodwill is assessed for impairment when there are indicators of impairment and any impairment is charged to the income statement. No reversals of impairment are recognised.

2.7. Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Rate
Method
%
Motor vehicles
25
Reducing balance
Fixtures and fittings
15
Reducing balance

3. Employees

The average number of employees during the year was 4 (2024: 6).

4. Intangible assets

Total
£
Cost
At 1 November 2024
27,000
At 31 October 2025
27,000
Amortisation and impairment
At 1 November 2024
16,200
Charge for the period
2,700
At 31 October 2025
18,900
Net book value
At 31 October 2025
8,100
At 31 October 2024
10,800

5. Tangible fixed assets

Total
£
Cost
At 1 November 2024
52,704
At 31 October 2025
52,704
Depreciation and impairment
At 1 November 2024
38,122
Charge for the period
2,750
At 31 October 2025
40,872
Net book value
At 31 October 2025
11,832
At 31 October 2024
14,582

6. Debtors

2025
2024
£
£
Other debtors
25,405
43,442
Prepayments and accrued income
1,695
2,744
Total due within one year
27,100
46,186
Total due after one year
-
-
Total
27,100
46,186

7. Cash at bank and in hand

2025
2024
£
£
Cash at bank
18,230
27,380
Total
18,230
27,380

8. Creditors due within one year

2025
2024
£
£
Bank loans and overdrafts
2,454
6,264
Trade creditors
28,982
40,773
Other creditors
404
(499)
Directors loan account
16,835
29,935
Taxation and social security
5,414
9,620
Accruals and deferred income
3,757
3,473
Total
57,846
89,566

9. Share capital

2025
2024
£
£
Allotted, called up and fully paid
Ordinary
5
5
Total
5
5