Chesters Coaches Limited 03699321 false 2021-04-01 2022-03-31 2022-03-31 The principal activity of the company is coach travel. Digita Accounts Production Advanced 6.29.9459.0 true true 03699321 2021-04-01 2022-03-31 03699321 2022-03-31 03699321 core:RetainedEarningsAccumulatedLosses 2022-03-31 03699321 core:ShareCapital 2022-03-31 03699321 core:CurrentFinancialInstruments 2022-03-31 03699321 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 03699321 core:Non-currentFinancialInstruments 2022-03-31 03699321 core:Non-currentFinancialInstruments core:AfterOneYear 2022-03-31 03699321 core:FurnitureFittingsToolsEquipment 2022-03-31 03699321 core:MotorVehicles 2022-03-31 03699321 bus:SmallEntities 2021-04-01 2022-03-31 03699321 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 03699321 bus:FullAccounts 2021-04-01 2022-03-31 03699321 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 03699321 bus:RegisteredOffice 2021-04-01 2022-03-31 03699321 bus:Director1 2021-04-01 2022-03-31 03699321 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 03699321 core:FurnitureFittingsToolsEquipment 2021-04-01 2022-03-31 03699321 core:MotorVehicles 2021-04-01 2022-03-31 03699321 core:PlantMachinery 2021-04-01 2022-03-31 03699321 core:OtherRelatedParties 2021-04-01 2022-03-31 03699321 countries:UnitedKingdom 2021-04-01 2022-03-31 03699321 2021-03-31 03699321 core:FurnitureFittingsToolsEquipment 2021-03-31 03699321 core:MotorVehicles 2021-03-31 03699321 2020-04-01 2021-03-31 03699321 2021-03-31 03699321 core:RetainedEarningsAccumulatedLosses 2021-03-31 03699321 core:ShareCapital 2021-03-31 03699321 core:CurrentFinancialInstruments 2021-03-31 03699321 core:CurrentFinancialInstruments core:WithinOneYear 2021-03-31 03699321 core:Non-currentFinancialInstruments 2021-03-31 03699321 core:Non-currentFinancialInstruments core:AfterOneYear 2021-03-31 03699321 core:FurnitureFittingsToolsEquipment 2021-03-31 03699321 core:MotorVehicles 2021-03-31 iso4217:GBP xbrli:pure

Registration number: 03699321

Chesters Coaches Limited

Unaudited Financial Statements

for the Year Ended 31 March 2022

 

Chesters Coaches Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Chesters Coaches Limited

(Registration number: 03699321)
Balance Sheet as at 31 March 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

83,798

98,584

Current assets

 

Debtors

5

323,919

375,574

Cash at bank and in hand

 

2,017,633

1,990,284

 

2,341,552

2,365,858

Creditors: Amounts falling due within one year

6

(109,569)

(92,960)

Net current assets

 

2,231,983

2,272,898

Total assets less current liabilities

 

2,315,781

2,371,482

Creditors: Amounts falling due after more than one year

6

-

(41,667)

Provisions for liabilities

(20,950)

(18,731)

Net assets

 

2,294,831

2,311,084

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

2,294,731

2,310,984

Shareholders' funds

 

2,294,831

2,311,084

 

Chesters Coaches Limited

(Registration number: 03699321)
Balance Sheet as at 31 March 2022

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 29 July 2022
 

.........................................
Mr H S Chester
Director

 

Chesters Coaches Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
The Coach Station
Sharp Street
Worsley
Manchester
M28 3LX

These financial statements were authorised for issue by the director on 29 July 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Due to the current unprecedented market and economic conditions in the U.K. and internationally, the expected impact of the COVID-19 pandemic on the Company’s operations cannot be reasonably estimated. Revenue may fall as customers are hit by the pandemic, but expenses will, likely, decrease as a result which will help to mitigate the impact on profits and the company has sufficient reserves in place to cover any deficit for at least 12 months from the date of approval of these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grant income is included in the Profit and Loss on the accruals basis.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Chesters Coaches Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment and plant and machinery

15% reducing balance

Motor vehicles

15% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2021 - 5).

 

Chesters Coaches Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2021

69,409

148,314

217,723

At 31 March 2022

69,409

148,314

217,723

Depreciation

At 1 April 2021

36,926

82,213

119,139

Charge for the year

4,872

9,914

14,786

At 31 March 2022

41,798

92,127

133,925

Carrying amount

At 31 March 2022

27,611

56,187

83,798

At 31 March 2021

32,483

66,101

98,584

5

Debtors

2022
£

2021
£

Trade debtors

616

47,000

Other debtors

323,303

328,574

323,919

375,574

 

Chesters Coaches Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2022

6

Creditors

Creditors: amounts falling due within one year

Note

2022
£

2021
£

Due within one year

 

Loans and borrowings

7

-

8,333

Trade creditors

 

-

2,318

Taxation and social security

 

11,512

5,942

Other creditors

 

98,057

76,367

 

109,569

92,960

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

7

-

41,667

7

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

-

41,667

2022
£

2021
£

Current loans and borrowings

Bank borrowings

-

8,333

8

Related party transactions

Summary of transactions with other related parties

Worsley Property Services Limited
 A company under the control of Mr H Chester and Mrs D Chester.
 
At 31 March 2022 Worsley Property Services Limited owed £320,000 (2021: £320,000) to the company. This loan is interest free and repayable on demand.