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REGISTERED NUMBER: 04543693 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2023

FOR

WALTONS COACH HIRE LIMITED

WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALTONS COACH HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTORS: Mr P J Walton
Mrs M E Walton
Mrs J E Atherton





SECRETARY: Mrs M E Walton





REGISTERED OFFICE: Willowbrook
Naze Lane East
Freckleton
Preston
Lancashire
PR4 1UN





REGISTERED NUMBER: 04543693 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)

BALANCE SHEET
5 APRIL 2023

5/4/23 5/4/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 666,577 601,639

CURRENT ASSETS
Stocks 6,000 2,000
Debtors 5 169,614 108,718
Cash at bank and in hand 389,895 190,282
565,509 301,000
CREDITORS
Amounts falling due within one year 6 164,659 196,631
NET CURRENT ASSETS 400,850 104,369
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,427

706,008

CREDITORS
Amounts falling due after more than one
year

7

(183,058

)

(122,630

)

PROVISIONS FOR LIABILITIES (126,649 ) (91,021 )
NET ASSETS 757,720 492,357

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 757,718 492,355
SHAREHOLDERS' FUNDS 757,720 492,357

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)

BALANCE SHEET - continued
5 APRIL 2023


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 Board of Directors and authorised for issue on 11 September 2023 and were signed on its behalf by:




Mr P J Walton - Director



Mrs M E Walton - Director


WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

Waltons Coach Hire Limited is a private company, limited by shares , registered in England and Wales. 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 represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under finance lease, over the lease term, whichever is the shorter.

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 15 ) .

WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2022 1,736,542
Additions 241,749
At 5 April 2023 1,978,291
DEPRECIATION
At 6 April 2022 1,134,903
Charge for year 176,811
At 5 April 2023 1,311,714
NET BOOK VALUE
At 5 April 2023 666,577
At 5 April 2022 601,639

Included within plant and machinery are assets held under hire purchase contracts with a net book value of £451,970 (2022: £315,960).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/23 5/4/22
£    £   
Trade debtors 118,383 56,448
Other debtors 51,231 52,270
169,614 108,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/23 5/4/22
£    £   
Bank loans and overdrafts 12,245 30,400
Hire purchase contracts 88,714 121,584
Trade creditors 24,460 21,331
Taxation and social security 18,747 8,246
Other creditors 20,493 15,070
164,659 196,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5/4/23 5/4/22
£    £   
Bank loans 32,755 69,600
Hire purchase contracts 150,303 53,030
183,058 122,630

WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

5/4/23 5/4/22
£    £   
Hire purchase contracts 239,017 174,614

9. RELATED PARTY DISCLOSURES

There was a loan outstanding to the parent company, Waltons Coach Hire (Holdings) Limited, at the year-end of £10,725 (2022: £6,725).

During the year dividends of £4,000 (2022: £NIL) were paid to Waltons Coach Hire (Holdings) Limited.

10. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party are the directors as disclosed in the Directors' Report on page 2.