IRIS Accounts Production v23.1.5.20 00618443 Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh006184432022-03-31006184432023-03-31006184432022-04-012023-03-31006184432021-03-31006184432021-04-012022-03-31006184432022-03-3100618443ns15:EnglandWales2022-04-012023-03-3100618443ns14:PoundSterling2022-04-012023-03-3100618443ns10:Director12022-04-012023-03-3100618443ns10:PrivateLimitedCompanyLtd2022-04-012023-03-3100618443ns10:SmallEntities2022-04-012023-03-3100618443ns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3100618443ns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3100618443ns10:SmallCompaniesRegimeForAccounts2022-04-012023-03-3100618443ns10:FullAccounts2022-04-012023-03-3100618443ns10:Director32022-04-012023-03-3100618443ns10:RegisteredOffice2022-04-012023-03-3100618443ns5:CurrentFinancialInstruments2023-03-3100618443ns5:CurrentFinancialInstruments2022-03-3100618443ns5:Non-currentFinancialInstruments2023-03-3100618443ns5:Non-currentFinancialInstruments2022-03-3100618443ns5:ShareCapital2023-03-3100618443ns5:ShareCapital2022-03-3100618443ns5:RetainedEarningsAccumulatedLosses2023-03-3100618443ns5:RetainedEarningsAccumulatedLosses2022-03-3100618443ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-04-012023-03-3100618443ns5:ShortLeaseholdAssetsns5:LandBuildings2022-04-012023-03-3100618443ns5:PlantMachinery2022-04-012023-03-3100618443ns5:FurnitureFittings2022-04-012023-03-3100618443ns5:MotorVehicles2022-04-012023-03-3100618443ns5:ComputerEquipment2022-04-012023-03-3100618443ns5:LandBuildings2022-03-3100618443ns5:ShortLeaseholdAssetsns5:LandBuildings2022-03-3100618443ns5:PlantMachinery2022-03-3100618443ns5:LandBuildings2022-04-012023-03-3100618443ns5:LandBuildings2023-03-3100618443ns5:ShortLeaseholdAssetsns5:LandBuildings2023-03-3100618443ns5:PlantMachinery2023-03-3100618443ns5:LandBuildings2022-03-3100618443ns5:ShortLeaseholdAssetsns5:LandBuildings2022-03-3100618443ns5:PlantMachinery2022-03-3100618443ns5:FurnitureFittings2022-03-3100618443ns5:MotorVehicles2022-03-3100618443ns5:ComputerEquipment2022-03-3100618443ns5:FurnitureFittings2023-03-3100618443ns5:MotorVehicles2023-03-3100618443ns5:ComputerEquipment2023-03-3100618443ns5:FurnitureFittings2022-03-3100618443ns5:MotorVehicles2022-03-3100618443ns5:ComputerEquipment2022-03-3100618443ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3100618443ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3100618443ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3100618443ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-03-3100618443ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3100618443ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-03-31



























BANSTEAD COACHES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023






BANSTEAD COACHES LIMITED (REGISTERED NUMBER: 00618443)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BANSTEAD COACHES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: M C Haynes
C J Haynes





REGISTERED OFFICE: 1 Shrubland Road
Banstead
Surrey
SM7 2ES





REGISTERED NUMBER: 00618443 (England and Wales)





ACCOUNTANTS: Halsey & Co (Accountants) Ltd.
Chartered Certified Accountants
Registered Auditors
2 Villiers Court
40 Upper Mulgrave Road
Cheam
Surrey
SM2 7AJ

BANSTEAD COACHES LIMITED (REGISTERED NUMBER: 00618443)

BALANCE SHEET
31ST MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,187,661 1,041,932

CURRENT ASSETS
Stocks 30,000 30,000
Debtors 6 181,569 199,031
Cash at bank and in hand 157,802 105,803
369,371 334,834
CREDITORS
Amounts falling due within one year 7 328,520 348,934
NET CURRENT ASSETS/(LIABILITIES) 40,851 (14,100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,228,512

1,027,832

CREDITORS
Amounts falling due after more than one
year

8

(273,503

)

(283,100

)

PROVISIONS FOR LIABILITIES (131,028 ) (114,018 )
NET ASSETS 823,981 630,714

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 822,981 629,714
SHAREHOLDERS' FUNDS 823,981 630,714

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

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

BANSTEAD COACHES LIMITED (REGISTERED NUMBER: 00618443)

BALANCE SHEET - continued
31ST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st October 2023 and were signed on its behalf by:





M C Haynes - Director


BANSTEAD COACHES LIMITED (REGISTERED NUMBER: 00618443)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023

1. STATUTORY INFORMATION

Banstead 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.
Freehold property - not provided
Short leasehold - not provided
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 25% 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 not recognised unless it is certain 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.

BANSTEAD COACHES LIMITED (REGISTERED NUMBER: 00618443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

3. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 37 (2022 - 30 ) .

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and
property leasehold machinery
£    £    £   
COST OR VALUATION
At 1st April 2022 475,000 57,361 10,390
Additions - - -
Disposals - - -
At 31st March 2023 475,000 57,361 10,390
DEPRECIATION
At 1st April 2022 - - 7,227
Charge for year - - 316
Eliminated on disposal - - -
At 31st March 2023 - - 7,543
NET BOOK VALUE
At 31st March 2023 475,000 57,361 2,847
At 31st March 2022 475,000 57,361 3,163

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1st April 2022 9,807 2,670,722 3,690 3,226,970
Additions 1,022 330,826 799 332,647
Disposals - (245,092 ) - (245,092 )
At 31st March 2023 10,829 2,756,456 4,489 3,314,525
DEPRECIATION
At 1st April 2022 8,888 2,168,001 922 2,185,038
Charge for year 195 162,065 1,122 163,698
Eliminated on disposal - (221,872 ) - (221,872 )
At 31st March 2023 9,083 2,108,194 2,044 2,126,864
NET BOOK VALUE
At 31st March 2023 1,746 648,262 2,445 1,187,661
At 31st March 2022 919 502,721 2,768 1,041,932

BANSTEAD COACHES LIMITED (REGISTERED NUMBER: 00618443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st March 2023 is represented by:

Freehold Short Plant and
property leasehold machinery
£    £    £   
Valuation in 2022 250,584 - 3,114

Cost 224,416 57,361 7,276
475,000 57,361 10,390

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2022 - (381,246 ) 3,232 (124,316 )
Valuation in 2023 1,022 85,734 799 87,555
Cost 9,807 3,051,968 458 3,351,286
10,829 2,756,456 4,489 3,314,525

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 132,632 146,442
Other debtors - 46,703
VAT 48,937 5,886
181,569 199,031

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 12,220 11,686
Finance leases 207,471 176,034
Trade creditors 43,770 77,021
Amounts owed to associates 30,567 30,567
Social security and other taxes 9,776 12,616
Other creditors 292 1,475
Net wages payable - 8,931
Pensions payable 983 1,773
Directors' current accounts 18,645 24,200
Accrued expenses 4,796 4,631
328,520 348,934

BANSTEAD COACHES LIMITED (REGISTERED NUMBER: 00618443)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans - 1-2 years 2,328 11,686
Bank loans - 2-5 years - 1,976
Finance leases 271,175 269,438
273,503 283,100

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £18,645 (2022 - £24,200) to M C Haynes, the director and shareholder of the company. The amount is interest free and repayable on demand.