A Taxi Ilfracombe Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 13271307

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		12,000		14,400
Tangible Assets	5		136,838		128,544

			148,838		142,944
CURRENT ASSETS
Cash at bank and in hand		44,357		35,979

		44,357		35,979
Creditors: Amounts Falling Due Within One Year	6	(309,275 )		(245,876 )

NET CURRENT ASSETS (LIABILITIES)			(264,918 )		(209,897 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(116,080 )		(66,953 )

Creditors: Amounts Falling Due After More Than One Year	7		(56,073 )		(64,786 )

NET LIABILITIES			(172,153 )		(131,739 )

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			(172,253 )		(131,839 )

SHAREHOLDERS' FUNDS			(172,153)		(131,739)

Page 1

Page 2

A Taxi Ilfracombe Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company 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 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

Mrs Jessica Isaac

Director

27/10/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

A Taxi Ilfracombe Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13271307 . The registered office is A Taxi Ilfracombe Ltd, Station Road, Woolacombe, EX34 7HH.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. 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	20% reducing balance
Motor Vehicles	25% reducing balance

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 29 (2025: 31)

Page 3

Page 4

A Taxi Ilfracombe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	24,000

As at 31 March 2026	24,000

Amortisation
As at 1 April 2025	9,600
Provided during the period	2,400

As at 31 March 2026	12,000

Net Book Value
As at 31 March 2026	12,000

As at 1 April 2025	14,400

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2025	10,985	260,433	271,418
Additions	1,250	61,255	62,505
Disposals	-	(24,710 )	(24,710 )

As at 31 March 2026	12,235	296,978	309,213

Depreciation
As at 1 April 2025	3,909	138,965	142,874
Provided during the period	2,664	43,729	46,393
Disposals	-	(16,892 )	(16,892 )

As at 31 March 2026	6,573	165,802	172,375

Net Book Value
As at 31 March 2026	5,662	131,176	136,838

As at 1 April 2025	7,076	121,468	128,544

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	42,232	26,185
Trade creditors	6,604	3,255
Bank loans and overdrafts	64,071	11,400
Corporation tax	-	2,747
Other taxes and social security	69,552	45,571

...CONTINUED

Page 4

Page 5

A Taxi Ilfracombe Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

VAT	63,365	131,716
Other creditors	37,280	20,232
Directors' loan accounts	26,171	4,770

	309,275	245,876

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	38,196	39,433
Bank loans	17,877	25,353

	56,073	64,786

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	42,232	26,185
Later than one year and not later than five years	38,196	39,433

	80,428	65,618

	80,428	65,618

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

Page 5