Company registration number SC208628 (Scotland)
THISTLE TAXIS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
PAGES FOR FILING WITH REGISTRAR
THISTLE TAXIS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
THISTLE TAXIS LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2025
30 November 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
3
3,198
3,198
Tangible assets
4
14,313
17,891
17,511
21,089
Current assets
Debtors
5
-
0
6,100
Cash at bank and in hand
415
439
415
6,539
Creditors: amounts falling due within one year
6
(20,863)
(26,476)
Net current liabilities
(20,448)
(19,937)
Net (liabilities)/assets
(2,937)
1,152
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
(2,947)
1,142
Total equity
(2,937)
1,152

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 August 2026 and are signed on its behalf by:
M R Banks
Director
Company registration number SC208628 (Scotland)
THISTLE TAXIS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 2 -
1
Accounting policies
Company information

Thistle Taxis Ltd is a private company limited by shares incorporated in Scotland. The registered office is 6th Floor, Gordon Chambers, 90 Mitchell Street, Glasgow, Scotland, G1 3NQ.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will true

continue in operational existence for the foreseeable future. The company's liabilities exceed its assets by

£2,937 at 30 November 2025.

At the time of approving the financial statements, the directors have a reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future. Thus the

directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.4
Intangible fixed assets other than goodwill

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

1.5
Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles
20% on a reducing balance basis
THISTLE TAXIS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
1
Accounting policies
(Continued)
- 3 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
1
1
3
Intangible fixed assets
Other
£
Cost
At 1 December 2024 and 30 November 2025
3,198
Amortisation and impairment
At 1 December 2024 and 30 November 2025
-
0
Carrying amount
At 30 November 2025
3,198
At 31 October 2024
3,198
THISTLE TAXIS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2025
- 4 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2024 and 30 November 2025
20,690
Depreciation and impairment
At 1 December 2024
2,799
Depreciation charged in the year
3,578
At 30 November 2025
6,377
Carrying amount
At 30 November 2025
14,313
At 31 October 2024
17,891
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
-
0
6,100
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
20,863
26,476
2025-11-30 2024-12-01 false false false CCH Software CCH Accounts Production 2026.200 No description of principal activity M R Banks Acton Banks SC208628 2024-12-01 2025-11-30 SC208628 2025-11-30 SC208628 2024-10-31 SC208628 core:IntangibleAssetsOtherThanGoodwill 2025-11-30 SC208628 core:IntangibleAssetsOtherThanGoodwill 2024-10-31 SC208628 core:OtherPropertyPlantEquipment 2025-11-30 SC208628 core:OtherPropertyPlantEquipment 2024-10-31 SC208628 core:WithinOneYear 2025-11-30 SC208628 core:WithinOneYear 2024-10-31 SC208628 core:CurrentFinancialInstruments core:WithinOneYear 2025-11-30 SC208628 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 SC208628 core:ShareCapital 2025-11-30 SC208628 core:ShareCapital 2024-10-31 SC208628 core:RetainedEarningsAccumulatedLosses 2025-11-30 SC208628 core:RetainedEarningsAccumulatedLosses 2024-10-31 SC208628 bus:Director1 2024-12-01 2025-11-30 SC208628 core:IntangibleAssetsOtherThanGoodwill 2024-12-01 2025-11-30 SC208628 core:LandBuildings core:OwnedOrFreeholdAssets 2024-12-01 2025-11-30 SC208628 2023-11-01 2024-10-31 SC208628 core:IntangibleAssetsOtherThanGoodwill 2024-11-30 SC208628 core:OtherPropertyPlantEquipment 2024-11-30 SC208628 core:OtherPropertyPlantEquipment 2024-12-01 2025-11-30 SC208628 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC208628 bus:SmallCompaniesRegimeForAccounts 2024-12-01 2025-11-30 SC208628 bus:FRS102 2024-12-01 2025-11-30 SC208628 bus:AuditExempt-NoAccountantsReport 2024-12-01 2025-11-30 SC208628 bus:Director2 2024-12-01 2025-11-30 SC208628 bus:FullAccounts 2024-12-01 2025-11-30 xbrli:pure xbrli:shares iso4217:GBP