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REGISTERED NUMBER: 00748270 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Woodstones Coaches Limited

Woodstones Coaches Limited (Registered number: 00748270)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


Woodstones Coaches Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: I Meredith
R Meredith





SECRETARY: I Meredith





REGISTERED OFFICE: Arthur Drive
Hoo Farm Industrial Estate
Worcester Road
Kidderminster
DY11 7RA





REGISTERED NUMBER: 00748270 (England and Wales)





ACCOUNTANTS: Taylor Hobbs
Cherry Tree Barn
Walcot Lane
Drakes Broughton
Pershore
Worcestershire
WR10 2AL

Woodstones Coaches Limited (Registered number: 00748270)

Report of the Directors
for the Year Ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of coach hire.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2022 to the date of this report.

I Meredith
R Meredith

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





R Meredith - Director


24 October 2023

Woodstones Coaches Limited (Registered number: 00748270)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 782,690 756,613

CURRENT ASSETS
Stocks 15,522 4,527
Debtors 5 126,271 121,083
Cash at bank and in hand 36,301 3,643
178,094 129,253
CREDITORS
Amounts falling due within one year 6 68,362 50,314
NET CURRENT ASSETS 109,732 78,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

892,422

835,552

PROVISIONS FOR LIABILITIES 107,875 102,835
NET ASSETS 784,547 732,717

CAPITAL AND RESERVES
Called up share capital 5,002 5,002
Retained earnings 779,545 727,715
SHAREHOLDERS' FUNDS 784,547 732,717

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

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

Woodstones Coaches Limited (Registered number: 00748270)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2023 and were signed on its behalf by:





R Meredith - Director


Woodstones Coaches Limited (Registered number: 00748270)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Woodstones Coaches 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% 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 Statement of Income and Retained Earnings, 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.

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 11 (2022 - 10 ) .

Woodstones Coaches Limited (Registered number: 00748270)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 137,457 1,436,252 1,573,709
Additions - 240,824 240,824
Disposals - (218,000 ) (218,000 )
At 31 March 2023 137,457 1,459,076 1,596,533
DEPRECIATION
At 1 April 2022 23,497 793,599 817,096
Charge for year 2,749 143,021 145,770
Eliminated on disposal - (149,023 ) (149,023 )
At 31 March 2023 26,246 787,597 813,843
NET BOOK VALUE
At 31 March 2023 111,211 671,479 782,690
At 31 March 2022 113,960 642,653 756,613

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 62,889 63,583
Other debtors 63,382 57,500
126,271 121,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 32,229 18,694
Taxation and social security 5,114 4,358
Other creditors 31,019 27,262
68,362 50,314

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the end of the financial year, the company owed its directors £6,053 (2022: £9,053).