Company registration number 839401 (England and Wales)
TAXIFIX LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE CESSATION PERIOD ENDED 31 AUGUST 2025
PAGES FOR FILING WITH REGISTRAR
TAXIFIX LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
TAXIFIX LIMITED
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
31 August 2025
30 April 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
4,395
Current assets
Stocks
-
232,975
Debtors
5
19,490
45,535
Cash at bank and in hand
7,885
150,941
27,375
429,451
Creditors: amounts falling due within one year
6
(425,194)
(497,860)
Net current liabilities
(397,819)
(68,409)
Net liabilities
(397,819)
(64,014)
Capital and reserves
Called up share capital
7
5,000
5,000
Profit and loss reserves
(402,819)
(69,014)
Total equity
(397,819)
(64,014)
For the financial cessation period ended 31 August 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 of its financial statements for the cessation period in question in accordance with section 476.
The directors acknowledge their 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 directors of the company have 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 26 November 2025 and are signed on its behalf by:
D Lynch
Director
Company registration number 839401 (England and Wales)
TAXIFIX LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE CESSATION PERIOD ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information
Taxifix Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suites C,D,E, & F, 14th Floor The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ.
1.1
Reporting period
The company has extended it's reporting accounting period to an 18 month period ending 31st August 2025. Any comparative amounts presented in the financial statements (including the related notes) are not entirely comparable.
1.2
Accounting convention
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 amounts 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.
1.3
Turnover
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.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
TAXIFIX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE CESSATION PERIOD ENDED 31 AUGUST 2025
1
Accounting policies
(Continued)
- 3 -
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
15% - 25% reducing balance basis
Motor vehicles
25% reducing balance basis
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.8
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
TAXIFIX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE CESSATION PERIOD ENDED 31 AUGUST 2025
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the cessation period was:
2025
2024
Number
Number
Total
4
4
3
Intangible fixed assets
Goodwill
£
Cost
At 1 May 2024 and 31 August 2025
7,800
Amortisation and impairment
At 1 May 2024 and 31 August 2025
7,800
Carrying amount
At 31 August 2025
At 30 April 2024
4
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 May 2024
136,602
36,242
172,844
Disposals
(136,602)
(36,242)
(172,844)
At 31 August 2025
Depreciation and impairment
At 1 May 2024
134,516
33,933
168,449
Depreciation charged in the cessation period
2,086
903
2,989
Eliminated in respect of disposals
(136,602)
(34,836)
(171,438)
At 31 August 2025
Carrying amount
At 31 August 2025
At 30 April 2024
2,086
2,309
4,395
TAXIFIX LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE CESSATION PERIOD ENDED 31 AUGUST 2025
- 5 -
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
8,500
Other debtors
15,916
28,525
Prepayments and accrued income
3,574
8,510
19,490
45,535
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
7,491
25,425
Taxation and social security
22,481
19,579
Other creditors
391,453
447,401
Accruals and deferred income
3,769
5,455
425,194
497,860
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share capital of £1 each
5,000
5,000
5,000
5,000