REGISTERED NUMBER: 01281627 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

WHITESIDE TAXIS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J H Whiteside

Mr J D Whiteside

REGISTERED OFFICE:

Station Yard

St Andrew's Road North

Lytham St Annes

Lancashire

FY8 2JE

REGISTERED NUMBER:

01281627 (England and Wales)

ACCOUNTANTS:

Xeinadin

17 St Peters Place

Fleetwood

Lancashire

FY7 6EB

FIXED ASSETS

Intangible assets

4

8,210

16,421

Tangible assets

5

483,768

568,264

491,978

584,685

CURRENT ASSETS

Stocks

6

2,000

2,000

Debtors

7

173,499

112,581

Cash at bank and in hand

179,157

170,729

354,656

285,310

CREDITORS

Amounts falling due within one year

8

(678,811

)

(658,407

)

NET CURRENT LIABILITIES

(324,155

)

(373,097

)

TOTAL ASSETS LESS CURRENT LIABILITIES

167,823

211,588

CREDITORS

Amounts falling due after more than one year

9

(1,317

)

(22,838

)

NET ASSETS

166,506

188,750

CAPITAL AND RESERVES

Called up share capital

193

193

Share premium

1

1

Retained earnings

166,312

188,556

SHAREHOLDERS' FUNDS

166,506

188,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2026 and were signed on its behalf by:

Mr J D Whiteside - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

4% on cost

Hackney plates

-

not provided

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2025 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

82,110

AMORTISATION

At 1 April 2025

65,689

Amortisation for year

8,211

At 31 March 2026

73,900

NET BOOK VALUE

At 31 March 2026

8,210

At 31 March 2025

16,421

5.	TANGIBLE FIXED ASSETS

Freehold

Hackney

Plant and

property

plates

machinery

£

£

£

COST

At 1 April 2025

291,492

106,000

91,074

Disposals

-

-

-

At 31 March 2026

291,492

106,000

91,074

DEPRECIATION

At 1 April 2025

130,906

-

65,020

Charge for year

802

-

6,514

Eliminated on disposal

-

-

-

At 31 March 2026

131,708

-

71,534

NET BOOK VALUE

At 31 March 2026

159,784

106,000

19,540

At 31 March 2025

160,586

106,000

26,054

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2025

784,965

9,092

1,282,623

Disposals

(37,934

)

-

(37,934

)

At 31 March 2026

747,031

9,092

1,244,689

DEPRECIATION

At 1 April 2025

514,773

3,660

714,359

Charge for year

64,946

1,818

74,080

Eliminated on disposal

(27,518

)

-

(27,518

)

At 31 March 2026

552,201

5,478

760,921

NET BOOK VALUE

At 31 March 2026

194,830

3,614

483,768

At 31 March 2025

270,192

5,432

568,264

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2025

153,903

Transfer to ownership

(134,293

)

At 31 March 2026

19,610

DEPRECIATION

At 1 April 2025

82,540

Charge for year

3,677

Transfer to ownership

(77,638

)

At 31 March 2026

8,579

NET BOOK VALUE

At 31 March 2026

11,031

At 31 March 2025

71,363

6.

STOCKS

2026

2025

£

£

Stocks

2,000

2,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

52,230

80,451

Directors' current accounts

90,366

-

Prepayments

30,903

32,130

173,499

112,581

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 10)

4,917

6,234

Trade creditors

6,107

6,350

Tax

6,781

53,931

Social security and other taxes

3,521

4,703

VAT

27,548

30,504

Other creditors

613,548

534,697

Directors' current accounts

-

10,831

Accruals and deferred income

16,389

11,157

678,811

658,407

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Hire purchase contracts (see note 10)

1,317

22,838

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2026

2025

£

£

Net obligations repayable:

Within one year

4,917

6,234

Between one and five years

1,317

22,838

6,234

29,072

Non-cancellable

operating leases

2026

2025

£

£

Within one year

6,711

9,012

Between one and five years

3,915

-

10,626

9,012

11.	SECURED DEBTS

The following secured debts are included within creditors:

2026

2025

£

£

Hire purchase contracts

6,234

29,072

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mr J H Whiteside and Mr J D Whiteside

Balance outstanding at start of year

-

-

Amounts advanced

95,366

-

Amounts repaid

(5,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

90,366

-