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REGISTERED NUMBER: 04387642 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

MINIBUS TRAVEL SERVICES LTD.

MINIBUS TRAVEL SERVICES LTD. (REGISTERED NUMBER: 04387642)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MINIBUS TRAVEL SERVICES LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTOR: A.M. Stannard





REGISTERED OFFICE: First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY





REGISTERED NUMBER: 04387642 (England and Wales)





ACCOUNTANTS: Galloways Accounting
First Floor
Ridgeland House
15 Carfax
Horsham
West Sussex
RH12 1DY

MINIBUS TRAVEL SERVICES LTD. (REGISTERED NUMBER: 04387642)

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 123,670 145,409
123,670 145,409

CURRENT ASSETS
Debtors 5 347,003 83,335
Cash at bank and in hand 3,683,150 3,516,533
4,030,153 3,599,868
CREDITORS
Amounts falling due within one year 6 267,383 366,412
NET CURRENT ASSETS 3,762,770 3,233,456
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,886,440

3,378,865

PROVISIONS FOR LIABILITIES 23,497 27,628
NET ASSETS 3,862,943 3,351,237

CAPITAL AND RESERVES
Called up share capital 49,980 49,980
Retained earnings 3,812,963 3,301,257
SHAREHOLDERS' FUNDS 3,862,943 3,351,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MINIBUS TRAVEL SERVICES LTD. (REGISTERED NUMBER: 04387642)

BALANCE SHEET - continued
31 MARCH 2022


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 director and authorised for issue on 11 August 2022 and were signed by:





A.M. Stannard - Director


MINIBUS TRAVEL SERVICES LTD. (REGISTERED NUMBER: 04387642)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. 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 2001, 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Hire purchase and leasing commitments
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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 118 (2021 - 131 ) .

MINIBUS TRAVEL SERVICES LTD. (REGISTERED NUMBER: 04387642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2021
and 31 March 2022 197,960
AMORTISATION
At 1 April 2021
and 31 March 2022 197,960
NET BOOK VALUE
At 31 March 2022 -
At 31 March 2021 -

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2021 39,541 495,945 535,486
Additions 120 34,950 35,070
Disposals - (61,625 ) (61,625 )
At 31 March 2022 39,661 469,270 508,931
DEPRECIATION
At 1 April 2021 35,759 354,318 390,077
Charge for year 976 40,246 41,222
Eliminated on disposal - (46,038 ) (46,038 )
At 31 March 2022 36,735 348,526 385,261
NET BOOK VALUE
At 31 March 2022 2,926 120,744 123,670
At 31 March 2021 3,782 141,627 145,409

MINIBUS TRAVEL SERVICES LTD. (REGISTERED NUMBER: 04387642)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors - 37,042
Other debtors 1,486 1,486
Loan 300,000 -
VAT 718 -
Prepayments and accrued income 44,799 44,807
347,003 83,335

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Bank loans and overdrafts 17,420 -
Credit cards 26 57
Trade creditors 11 231
Tax 144,098 160,820
VAT - 103,296
Other creditors 250 250
Accruals and deferred income 105,578 101,758
267,383 366,412

7. ULTIMATE CONTROLLING PARTY

The controlling party is A.M. Stannard.