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REGISTERED NUMBER: SC292001 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Bryans Coaches Limited

Bryans Coaches Limited (Registered number: SC292001)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bryans Coaches Limited

Company Information
for the Year Ended 31 December 2021







DIRECTOR: W Bryans



SECRETARY: W Bryans



REGISTERED OFFICE: Whitehill Farm
Myothill Road
Denny
Stirlingshire
FK6 5NA



REGISTERED NUMBER: SC292001 (Scotland)



ACCOUNTANTS: Peter Deans Chartered Accountants
42 Stirling Street
Denny
Stirlingshire
FK6 6DJ



BANKERS: Clydesdale Bank
1 Bank Street
Falkirk
FK1 1NB

Bryans Coaches Limited (Registered number: SC292001)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 484,554 588,982
484,554 588,982

CURRENT ASSETS
Debtors 6 85,281 77,763
Cash at bank and in hand 30,354 42,314
115,635 120,077
CREDITORS
Amounts falling due within one year 7 141,169 207,151
NET CURRENT LIABILITIES (25,534 ) (87,074 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

459,020

501,908

CREDITORS
Amounts falling due after more than one
year

8

(146,542

)

(219,209

)

PROVISIONS FOR LIABILITIES 10 (77,760 ) (89,194 )
NET ASSETS 234,718 193,505

CAPITAL AND RESERVES
Called up share capital 11 10 10
Retained earnings 12 234,708 193,495
SHAREHOLDERS' FUNDS 234,718 193,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

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 14 September 2022 and were signed by:




W Bryans - Director


Bryans Coaches Limited (Registered number: SC292001)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Bryans Coaches Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. 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 2006, is being amortised evenly over its estimated useful life of nil 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - at variable rates on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Bryans Coaches Limited (Registered number: SC292001)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2020 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2021
and 31 December 2021 2,000
AMORTISATION
At 1 January 2021
and 31 December 2021 2,000
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2021 40,197 103,520 2,998
Additions - 11,695 -
Disposals - - -
At 31 December 2021 40,197 115,215 2,998
DEPRECIATION
At 1 January 2021 30,427 82,804 2,831
Charge for year 2,442 5,676 42
Eliminated on disposal - - -
At 31 December 2021 32,869 88,480 2,873
NET BOOK VALUE
At 31 December 2021 7,328 26,735 125
At 31 December 2020 9,770 20,716 167

Bryans Coaches Limited (Registered number: SC292001)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2021 1,163,652 4,227 1,314,594
Additions 21,000 1,457 34,152
Disposals (230,171 ) - (230,171 )
At 31 December 2021 954,481 5,684 1,118,575
DEPRECIATION
At 1 January 2021 605,435 4,115 725,612
Charge for year 56,972 261 65,393
Eliminated on disposal (156,984 ) - (156,984 )
At 31 December 2021 505,423 4,376 634,021
NET BOOK VALUE
At 31 December 2021 449,058 1,308 484,554
At 31 December 2020 558,217 112 588,982

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2021 743,171
Disposals (25,421 )
Transfer to ownership (19,750 )
At 31 December 2021 698,000
DEPRECIATION
At 1 January 2021 302,714
Charge for year 44,578
Eliminated on disposal (13,630 )
Transfer to ownership (6,849 )
At 31 December 2021 326,813
NET BOOK VALUE
At 31 December 2021 371,187
At 31 December 2020 440,457

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade debtors 41,377 37,652
Other debtors 43,904 40,111
85,281 77,763

Bryans Coaches Limited (Registered number: SC292001)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans and overdrafts 30,031 3,932
Hire purchase contracts 41,250 92,435
Trade creditors 9,428 19,687
Taxation and social security 22,260 4,597
Other creditors 38,200 86,500
141,169 207,151

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.21 31.12.20
£    £   
Bank loans 36,461 46,067
Hire purchase contracts 110,081 173,142
146,542 219,209

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 6,160

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.21 31.12.20
£    £   
Bank overdraft 20,425 -
Bank loans 46,067 49,999
66,492 49,999

The Clydesdale bank hold a standard security over the garage and workshop situated at Whitehill Farm, Denny. The Clydesdale bank also have a personal guarantee from W Bryans, a company director, for £91,000 and a standard security over 38 Sutherland Drive, Denny.

10. PROVISIONS FOR LIABILITIES
31.12.21 31.12.20
£    £   
Deferred tax 77,760 89,194

Deferred
tax
£   
Balance at 1 January 2021 89,194
Accelerated capital allowances (11,434 )
Balance at 31 December 2021 77,760

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.12.21 31.12.20
value: £    £   
10 Ordinary £1 10 10

Bryans Coaches Limited (Registered number: SC292001)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

12. RESERVES
Retained
earnings
£   

At 1 January 2021 193,495
Profit for the year 41,213
At 31 December 2021 234,708

13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is W Bryans.