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Registered number: 12740156
247 Taxi Service Ltd
Unaudited Financial Statements
For The Year Ended 31 July 2025
UK Tax Accountants
89 Jacobs Well Lane
Wakefield
WF1 3PB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 12740156
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 522,484 562,075
522,484 562,075
CURRENT ASSETS
Debtors 5 62,688 160,218
Cash at bank and in hand 80,805 90,241
143,493 250,459
Creditors: Amounts Falling Due Within One Year 6 (12,880 ) (11,805 )
NET CURRENT ASSETS (LIABILITIES) 130,613 238,654
TOTAL ASSETS LESS CURRENT LIABILITIES 653,097 800,729
Creditors: Amounts Falling Due After More Than One Year 7 (571,488 ) (550,920 )
NET ASSETS 81,609 249,809
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 81,608 249,808
SHAREHOLDERS' FUNDS 81,609 249,809
Page 1
Page 2
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Mohammed Riaz
Director
4th July 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
247 Taxi Service Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12740156 . The registered office is The Outlet, Bradley Street, Castleford, West Yorkshire, WF10 1HR.
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. 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.
2.3. 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:
Plant & Machinery 10
Motor Vehicles 10
Computer Equipment 10
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2024: 18)
22 18
Page 3
Page 4
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 August 2024 9,995 714,633 12,453 737,081
Additions - 98,780 - 98,780
Disposals - (80,567 ) - (80,567 )
As at 31 July 2025 9,995 732,846 12,453 755,294
Depreciation
As at 1 August 2024 2,979 168,315 3,712 175,006
Provided during the period 1,403 54,653 1,748 57,804
As at 31 July 2025 4,382 222,968 5,460 232,810
Net Book Value
As at 31 July 2025 5,613 509,878 6,993 522,484
As at 1 August 2024 7,016 546,318 8,741 562,075
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 48,567 140,937
VAT 14,121 19,281
62,688 160,218
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 4,692 4,692
Accruals and deferred income 7,000 7,000
Director's loan account 1,188 113
12,880 11,805
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 571,488 550,920
Page 4
Page 5
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 1 1
Page 5