Acorah Software Products - Accounts Production 19.3.600 false true 31 October 2024 1 November 2023 false 1 November 2024 31 October 2025 31 October 2025 10406019 Mr J Atherton iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10406019 2024-10-31 10406019 2025-10-31 10406019 2024-11-01 2025-10-31 10406019 frs-core:CurrentFinancialInstruments 2025-10-31 10406019 frs-core:Non-currentFinancialInstruments 2025-10-31 10406019 frs-core:BetweenOneFiveYears 2025-10-31 10406019 frs-core:MotorVehicles 2025-10-31 10406019 frs-core:MotorVehicles 2024-11-01 2025-10-31 10406019 frs-core:MotorVehicles 2024-10-31 10406019 frs-core:PlantMachinery 2025-10-31 10406019 frs-core:PlantMachinery 2024-11-01 2025-10-31 10406019 frs-core:PlantMachinery 2024-10-31 10406019 frs-core:WithinOneYear 2025-10-31 10406019 frs-core:ShareCapital 2025-10-31 10406019 frs-core:RetainedEarningsAccumulatedLosses 2025-10-31 10406019 frs-bus:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 10406019 frs-bus:FilletedAccounts 2024-11-01 2025-10-31 10406019 frs-bus:SmallEntities 2024-11-01 2025-10-31 10406019 frs-bus:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 10406019 frs-bus:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 10406019 frs-bus:Director1 2024-11-01 2025-10-31 10406019 frs-bus:Director1 2024-10-31 10406019 frs-bus:Director1 2025-10-31 10406019 frs-countries:EnglandWales 2024-11-01 2025-10-31 10406019 2023-10-31 10406019 2024-10-31 10406019 2023-11-01 2024-10-31 10406019 frs-core:CurrentFinancialInstruments 2024-10-31 10406019 frs-core:Non-currentFinancialInstruments 2024-10-31 10406019 frs-core:BetweenOneFiveYears 2024-10-31 10406019 frs-core:WithinOneYear 2024-10-31 10406019 frs-core:ShareCapital 2024-10-31 10406019 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31
Registered number: 10406019
Abingdon Taxis Limited
Unaudited Financial Statements
For The Year Ended 31 October 2025
Chapman Worth Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 10406019
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 70,937 58,732
70,937 58,732
CURRENT ASSETS
Debtors 5 183,982 184,456
Cash at bank and in hand 83,511 31,993
267,493 216,449
Creditors: Amounts Falling Due Within One Year 6 (152,887 ) (146,366 )
NET CURRENT ASSETS (LIABILITIES) 114,606 70,083
TOTAL ASSETS LESS CURRENT LIABILITIES 185,543 128,815
Creditors: Amounts Falling Due After More Than One Year 7 (79,344 ) (83,820 )
NET ASSETS 106,199 44,995
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 106,099 44,895
SHAREHOLDERS' FUNDS 106,199 44,995
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For the year ending 31 October 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 J Atherton
Director
31 July 2026
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Abingdon Taxis Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10406019 . The registered office is 2 The Old Estate Yard High Street, East Hendred, Wantage, Oxfordshire, OX12 8JY.
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.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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 rendering of services. 
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 15% Straight line
Motor Vehicles 20% Straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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2.5. 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2024: 5)
6 5
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 November 2024 1,692 293,997 295,689
Additions - 20,425 20,425
As at 31 October 2025 1,692 314,422 316,114
Depreciation
As at 1 November 2024 1,692 235,265 236,957
Provided during the period - 8,220 8,220
As at 31 October 2025 1,692 243,485 245,177
Net Book Value
As at 31 October 2025 - 70,937 70,937
As at 1 November 2024 - 58,732 58,732
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,959 7,643
Other debtors 1,900 200
Deferred tax current asset 10,013 12,332
Director's loan account 98,975 96,860
Amounts owed by associates 35,500 35,500
151,347 152,535
Due after more than one year
Corporation tax recoverable assets 32,635 31,921
183,982 184,456
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 12,972 7,852
Bank loans and overdrafts 12,593 12,593
Other loans 10,000 10,000
Corporation tax 56,895 40,258
Other taxes and social security 1,880 3,281
VAT 53,136 57,362
Other creditors 3,056 12,490
Accruals and deferred income 2,355 2,530
152,887 146,366
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 45,279 37,226
Bank loans 34,065 46,594
79,344 83,820
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 12,972 7,852
Later than one year and not later than five years 45,279 37,226
58,251 45,078
58,251 45,078
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
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10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 November 2024 Amounts advanced Amounts repaid Amounts written off As at 31 October 2025
£ £ £ £ £
Mr Jason Atherton 96,860 2,178 63 - 98,975
The above loan is unsecured, interest of 2.25% has been applied to this loan. The loan is repayable on demand.
11. Related Party Transactions
At the balance sheet date date an amount of £35,500 (2024: £35,500) was owed to the company by J&N Car Sales Ltd a company under the common control of Mr Jason Atherton.
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