Company Registration No. 08138415 (England and Wales)
PLATINUM COACH HIRE LIMITED
Unaudited accounts
for the year ended 31 July 2023
PLATINUM COACH HIRE LIMITED
Unaudited accounts
Contents
PLATINUM COACH HIRE LIMITED
Company Information
for the year ended 31 July 2023
Directors
Mr. Qamar Zaman
Mr. Mohammad Jahanzaib Ahmed
Company Number
08138415 (England and Wales)
Registered Office
Unit 02 Binders Industrial Estate
Cryers Hill Road
High Wycombe
Bucks
HP15 6LJ
England
Accountants
G&S ACCOUNTANTS LIMITED
First Floor, Victoria House
Victoria Street
High Wycombe, Bucks
England, United Kingdom
HP11 2LU
PLATINUM COACH HIRE LIMITED
Accountants' report
Accountants' report to the board of directors of PLATINUM COACH HIRE LIMITED on the preparation of the unaudited statutory accounts for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
PLATINUM COACH HIRE LIMITED for the year ended
31 July 2023 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of PLATINUM COACH HIRE LIMITED, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of PLATINUM COACH HIRE LIMITED and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than PLATINUM COACH HIRE LIMITED and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that PLATINUM COACH HIRE LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of PLATINUM COACH HIRE LIMITED. You consider that PLATINUM COACH HIRE LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of PLATINUM COACH HIRE LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
G&S ACCOUNTANTS LIMITED
First Floor, Victoria House
Victoria Street
High Wycombe, Bucks
England, United Kingdom
HP11 2LU
28 September 2023
PLATINUM COACH HIRE LIMITED
Statement of financial position
as at 31 July 2023
Tangible assets
612,795
510,836
Cash at bank and in hand
59,845
13,177
Creditors: amounts falling due within one year
(84,783)
-
Net current (liabilities)/assets
(24,938)
13,177
Total assets less current liabilities
587,857
524,013
Creditors: amounts falling due after more than one year
(386,515)
(598,658)
Net assets/(liabilities)
201,342
(74,645)
Called up share capital
100
100
Profit and loss account
201,242
(74,745)
Shareholders' funds
201,342
(74,645)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2023 and were signed on its behalf by
Mr. Qamar Zaman
Director
Company Registration No. 08138415
PLATINUM COACH HIRE LIMITED
Notes to the Accounts
for the year ended 31 July 2023
PLATINUM COACH HIRE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08138415. The registered office is Unit 02 Binders Industrial Estate, Cryers Hill Road, High Wycombe, Bucks, HP15 6LJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 July 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 August 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2022
4,079
1,472,590
3,046
1,479,715
Additions
-
255,158
-
255,158
At 31 July 2023
4,079
1,727,748
3,046
1,734,873
At 1 August 2022
2,853
963,389
2,637
968,879
Charge for the year
245
152,872
82
153,199
At 31 July 2023
3,098
1,116,261
2,719
1,122,078
At 31 July 2023
981
611,487
327
612,795
At 31 July 2022
1,226
509,201
409
510,836
PLATINUM COACH HIRE LIMITED
Notes to the Accounts
for the year ended 31 July 2023
5
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
44,255
-
6
Creditors: amounts falling due after more than one year
2023
2022
Other creditors
310,146
505,509
Loans from directors
40,800
51,000
7
Average number of employees
During the year the average number of employees was 4 (2022: 4).