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REGISTERED NUMBER: 05006829 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

MALC COLLINS MINI COACHES LIMITED

MALC COLLINS MINI COACHES LIMITED (REGISTERED NUMBER: 05006829)






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


MALC COLLINS MINI COACHES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: M Collins
Mrs J Collins





SECRETARY: Mrs J Collins





REGISTERED OFFICE: 21 Highfield Crescent
Barlby
Selby
North Yorkshire
YO8 5HD





REGISTERED NUMBER: 05006829 (England and Wales)





ACCOUNTANTS: CGA
Chartered Certified Accountants
3 & 4 Park Court
Riccall Road
Escrick
York
North Yorkshire
YO19 6ED

MALC COLLINS MINI COACHES LIMITED (REGISTERED NUMBER: 05006829)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 900 1,800
Tangible assets 5 76,256 54,161
77,156 55,961

CURRENT ASSETS
Debtors 6 7,954 11,647
Cash at bank - 14,451
7,954 26,098
CREDITORS
Amounts falling due within one year 7 32,317 27,109
NET CURRENT LIABILITIES (24,363 ) (1,011 )
TOTAL ASSETS LESS CURRENT LIABILITIES 52,793 54,950

CREDITORS
Amounts falling due after more than one year 8 (24,854 ) (41,644 )

PROVISIONS FOR LIABILITIES (14,488 ) (10,291 )
NET ASSETS 13,451 3,015

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 13,449 3,013
SHAREHOLDERS' FUNDS 13,451 3,015

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.

MALC COLLINS MINI COACHES LIMITED (REGISTERED NUMBER: 05006829)

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 Collins - Director



Mrs J Collins - Director


MALC COLLINS MINI COACHES LIMITED (REGISTERED NUMBER: 05006829)

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

1. STATUTORY INFORMATION

Malc Collins Mini 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 represents net invoiced services, excluding value added tax.

Revenue is recognised once the service has been completed and where it is virtually certain that payment will be received.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MALC COLLINS MINI COACHES LIMITED (REGISTERED NUMBER: 05006829)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2022
and 31st March 2023 18,000
AMORTISATION
At 1st April 2022 16,200
Charge for year 900
At 31st March 2023 17,100
NET BOOK VALUE
At 31st March 2023 900
At 31st March 2022 1,800

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st April 2022
and 31st March 2023 10,225 115,382 125,607
DEPRECIATION
At 1st April 2022 7,523 63,923 71,446
Charge for year 405 100 505
Charge written back - (22,600 ) (22,600 )
At 31st March 2023 7,928 41,423 49,351
NET BOOK VALUE
At 31st March 2023 2,297 73,959 76,256
At 31st March 2022 2,702 51,459 54,161

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 7,954 11,647

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,668 7,762
Hire purchase contracts 8,824 8,402
Taxation and social security 3,774 8,176
Other creditors 1,051 2,769
32,317 27,109

MALC COLLINS MINI COACHES LIMITED (REGISTERED NUMBER: 05006829)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 17,960 25,926
Hire purchase contracts 6,894 15,718
24,854 41,644

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £226 (2022: £1,651) to key management personnel. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.