IRIS Accounts Production v23.3.0.418 03496741 director 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh034967412022-06-30034967412023-06-30034967412022-07-012023-06-30034967412021-06-30034967412021-07-012022-06-30034967412022-06-3003496741ns10:Originalns15:EnglandWales2022-07-012023-06-3003496741ns14:PoundSterlingns10:Original2022-07-012023-06-3003496741ns10:Originalns10:Director12022-07-012023-06-3003496741ns10:Original2022-07-012023-06-3003496741ns10:Original2023-06-3003496741ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3003496741ns10:Originalns10:SmallEntities2022-07-012023-06-3003496741ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3003496741ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3003496741ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3003496741ns10:Originalns10:FullAccounts2022-07-012023-06-3003496741ns10:Originalns10:RegisteredOffice2022-07-012023-06-3003496741ns10:Original2022-06-3003496741ns10:Originalns5:CurrentFinancialInstruments2023-06-3003496741ns10:Originalns5:CurrentFinancialInstruments2022-06-3003496741ns10:Originalns5:Non-currentFinancialInstruments2023-06-3003496741ns10:Originalns5:Non-currentFinancialInstruments2022-06-3003496741ns5:ShareCapitalns10:Original2023-06-3003496741ns5:ShareCapitalns10:Original2022-06-3003496741ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3003496741ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3003496741ns10:Originalns5:PlantMachinery2022-07-012023-06-3003496741ns10:Original2021-07-012022-06-3003496741ns10:Originalns5:LandBuildings2022-06-3003496741ns10:Originalns5:PlantMachinery2022-06-3003496741ns10:Original2022-06-3003496741ns10:Originalns5:LandBuildings2022-07-012023-06-3003496741ns10:Originalns5:LandBuildings2023-06-3003496741ns10:Originalns5:PlantMachinery2023-06-3003496741ns10:Originalns5:LandBuildings2022-06-3003496741ns10:Originalns5:PlantMachinery2022-06-3003496741ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3003496741ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3003496741ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-06-3003496741ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-06-3003496741ns10:Originalns5:DeferredTaxation2022-06-3003496741ns10:Originalns5:DeferredTaxation2022-07-012023-06-3003496741ns10:Originalns5:DeferredTaxation2023-06-30
REGISTERED NUMBER: 03496741 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Smiths Coaches (Liskeard) Limited

Smiths Coaches (Liskeard) Limited (Registered number: 03496741)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Smiths Coaches (Liskeard) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: A J Smith





REGISTERED OFFICE: Springfield Villa
Five Lanes, Dobwalls
Liskeard
Cornwall
PL14 6JN





REGISTERED NUMBER: 03496741 (England and Wales)





ACCOUNTANTS: Suffolk Tax Accountants Group
9 Byford Court
Crockatt Road
Hadleigh
Ipswich
Suffolk
IP7 6RD

Smiths Coaches (Liskeard) Limited (Registered number: 03496741)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 88,568 62,844

CURRENT ASSETS
Stocks 700 300
Debtors 5 26,474 24,746
Cash at bank 75,884 61,940
103,058 86,986
CREDITORS
Amounts falling due within one year 6 85,510 59,872
NET CURRENT ASSETS 17,548 27,114
TOTAL ASSETS LESS CURRENT LIABILITIES 106,116 89,958

CREDITORS
Amounts falling due after more than one year 7 (25,714 ) (45,021 )

PROVISIONS FOR LIABILITIES 8 (14,443 ) (9,095 )
NET ASSETS 65,959 35,842

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 65,859 35,742
SHAREHOLDERS' FUNDS 65,959 35,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 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 20 October 2023 and were signed by:





A J Smith - Director


Smiths Coaches (Liskeard) Limited (Registered number: 03496741)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Smiths Coaches (Liskeard) 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 the sales of services and is recognised on provision of the service and excludes value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 15% on cost

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 7 ) .

Smiths Coaches (Liskeard) Limited (Registered number: 03496741)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 5,000 278,775 283,775
Additions - 62,950 62,950
Disposals - (6,630 ) (6,630 )
At 30 June 2023 5,000 335,095 340,095
DEPRECIATION
At 1 July 2022 - 220,931 220,931
Charge for year - 37,226 37,226
Eliminated on disposal - (6,630 ) (6,630 )
At 30 June 2023 - 251,527 251,527
NET BOOK VALUE
At 30 June 2023 5,000 83,568 88,568
At 30 June 2022 5,000 57,844 62,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 13,680 13,582
Other debtors 12,794 11,164
26,474 24,746

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 19,774 18,745
Hire purchase contracts 31,326 12,817
Trade creditors 23,897 10,148
Taxation and social security 9,396 16,584
Other creditors 1,117 1,578
85,510 59,872

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans 20,833 31,215
Hire purchase contracts 4,881 13,806
25,714 45,021

8. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 14,443 9,095

Smiths Coaches (Liskeard) Limited (Registered number: 03496741)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 9,095
Provided during year 5,348
Balance at 30 June 2023 14,443