Silverfin false 31/03/2022 31/03/2022 01/04/2021 Mrs C J Hoare 16/01/2020 Mr M E C Hoare 18/08/2000 Mr M E C Hoare 27 June 2022 The principal activity of the Company during the financial year was that of coach operators. 04055438 2022-03-31 04055438 bus:Director1 2022-03-31 04055438 bus:Director2 2022-03-31 04055438 2021-03-31 04055438 core:CurrentFinancialInstruments 2022-03-31 04055438 core:CurrentFinancialInstruments 2021-03-31 04055438 core:Non-currentFinancialInstruments 2022-03-31 04055438 core:Non-currentFinancialInstruments 2021-03-31 04055438 core:ShareCapital 2022-03-31 04055438 core:ShareCapital 2021-03-31 04055438 core:RetainedEarningsAccumulatedLosses 2022-03-31 04055438 core:RetainedEarningsAccumulatedLosses 2021-03-31 04055438 core:PlantMachinery 2021-03-31 04055438 core:Vehicles 2021-03-31 04055438 core:PlantMachinery 2022-03-31 04055438 core:Vehicles 2022-03-31 04055438 2021-04-01 2022-03-31 04055438 bus:FullAccounts 2021-04-01 2022-03-31 04055438 bus:SmallEntities 2021-04-01 2022-03-31 04055438 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 04055438 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 04055438 bus:Director1 2021-04-01 2022-03-31 04055438 bus:Director2 2021-04-01 2022-03-31 04055438 bus:CompanySecretary1 2021-04-01 2022-03-31 04055438 core:PlantMachinery 2021-04-01 2022-03-31 04055438 core:Vehicles core:TopRangeValue 2021-04-01 2022-03-31 04055438 2020-04-01 2021-03-31 04055438 core:Vehicles 2021-04-01 2022-03-31 04055438 core:Non-currentFinancialInstruments 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure

Company No: 04055438 (England and Wales)

BLUEBIRD COACHES (WEYMOUTH) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2022
Pages for filing with the registrar

BLUEBIRD COACHES (WEYMOUTH) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2022

Contents

BLUEBIRD COACHES (WEYMOUTH) LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2022
BLUEBIRD COACHES (WEYMOUTH) LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2022
DIRECTORS Mrs C J Hoare
Mr M E C Hoare
SECRETARY Mr M E C Hoare
REGISTERED OFFICE Leanne House
6 Avon Close
Weymouth
DT4 9UX
United Kingdom
COMPANY NUMBER 04055438 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
Leanne House
6 Avon Close
Weymouth
Dorset
DT4 9UX
BLUEBIRD COACHES (WEYMOUTH) LIMITED

BALANCE SHEET

As at 31 March 2022
BLUEBIRD COACHES (WEYMOUTH) LIMITED

BALANCE SHEET (continued)

As at 31 March 2022
Note 2022 2021
£ £
Fixed assets
Tangible assets 3 1,134,816 1,369,241
1,134,816 1,369,241
Current assets
Stocks 10,400 10,500
Debtors 4 139,536 95,763
Cash at bank and in hand 153,278 189,591
303,214 295,854
Creditors
Amounts falling due within one year 5 ( 528,521) ( 377,737)
Net current liabilities (225,307) (81,883)
Total assets less current liabilities 909,509 1,287,358
Creditors
Amounts falling due after more than one year 6 ( 222,601) ( 337,768)
Provisions for liabilities 7 ( 216,303) ( 259,909)
Net assets 470,605 689,681
Capital and reserves
Called-up share capital 20,200 20,200
Profit and loss account 450,405 669,481
Total shareholder's funds 470,605 689,681

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.

Directors' responsibilities:

The financial statements of Bluebird Coaches (Weymouth) Limited (registered number: 04055438) were approved and authorised for issue by the Board of Directors on 27 June 2022. They were signed on its behalf by:

Mrs C J Hoare
Director
Mr M E C Hoare
Director
BLUEBIRD COACHES (WEYMOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
BLUEBIRD COACHES (WEYMOUTH) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2022
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bluebird Coaches (Weymouth) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Leanne House, 6 Avon Close, Weymouth, DT4 9UX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, 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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 10 % reducing balance
Vehicles 10 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, that are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in other operating income over the period in which the related costs are recognised, and timing differences are presented as other debtors or deferred income within the balance sheet. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

2. Employees

2022 2021
Number Number
Monthly average number of persons employed by the Company during the year, including directors 20 20

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 April 2021 191,830 3,227,192 3,419,022
Additions 16,150 18,500 34,650
Disposals 0 ( 19,495) ( 19,495)
At 31 March 2022 207,980 3,226,197 3,434,177
Accumulated depreciation
At 01 April 2021 120,919 1,928,862 2,049,781
Charge for the financial year 7,764 256,921 264,685
Disposals 0 ( 15,105) ( 15,105)
At 31 March 2022 128,683 2,170,678 2,299,361
Net book value
At 31 March 2022 79,297 1,055,519 1,134,816
At 31 March 2021 70,911 1,298,330 1,369,241

4. Debtors

2022 2021
£ £
Trade debtors 80,258 18,745
Amounts owed by Group undertakings 20,000 45,000
Other debtors 39,278 32,018
139,536 95,763

5. Creditors: amounts falling due within one year

2022 2021
£ £
Bank loans 59,725 52,543
Trade creditors 45,660 14,647
Other creditors 332,856 225,789
Corporation tax 12,320 7,375
Obligations under finance leases and hire purchase contracts 77,960 77,383
528,521 377,737

6. Creditors: amounts falling due after more than one year

2022 2021
£ £
Bank loans 202,400 242,457
Obligations under finance leases and hire purchase contracts 20,201 95,311
222,601 337,768

The company has given security on hire purchase liabilities with a net book value of £481,000 (2021 - £560,700)

7. Provision for liabilities

2022 2021
£ £
Deferred tax 216,303 259,909

8. Financial commitments

Commitments

Capital commitments are as follows:

2022 2021
£ £
Contracted for but not provided for:
161,917 219,917

9. Related party transactions

Transactions with the entity's directors

2022 2021
£ £
The directors maintained an interest free loan which is repayable on demand 54,006 43,111