GRANGE TRAVEL COACH HIRE LIMITED

Company Registration Number:
09128119 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

GRANGE TRAVEL COACH HIRE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

GRANGE TRAVEL COACH HIRE LIMITED

Company Information

for the Period Ended 31 March 2023




Registered office: 62
Marling Way
Gravesend
Kent
DA12 4RE
Company Registration Number: 09128119 (England and Wales)

GRANGE TRAVEL COACH HIRE LIMITED

Balance sheet

As at 31 March 2023


Notes

2023
£

2022
£
Fixed assets
Intangible assets: 4 170,429 84,786
Tangible assets: 5 7,228,672 4,783,713
Total fixed assets: 7,399,101 4,868,499
Current assets
Debtors: 857,636 626,115
Cash at bank and in hand: 278,158 135,457
Total current assets: 1,135,794 761,572
Creditors: amounts falling due within one year: ( 1,368,668 ) ( 1,374,096 )
Net current assets (liabilities): ( 232,874 ) ( 612,524 )
Total assets less current liabilities: 7,166,227 4,255,975
Creditors: amounts falling due after more than one year: ( 5,470,926 ) ( 3,468,235 )
Total net assets (liabilities): 1,695,301 787,740

The notes form part of these financial statements

GRANGE TRAVEL COACH HIRE LIMITED

Balance sheet continued

As at 31 March 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,695,299 787,738
Shareholders funds: 1,695,301 787,740

For the year ending 31 March 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 November 2023
And Signed On Behalf Of The Board By:

Name: B Smith
Status: Director

The notes form part of these financial statements

GRANGE TRAVEL COACH HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

    Tangible fixed assets depreciation policy

    Depreciation is provided by the company to write off the cost or valuation less the estimated residual value of tangible fixed assets by equal instalments over their estimated useful economic lives as follows:

    Motor vehicles - 15% per annum
    Equipment - 10% per annum

    Other accounting policies

    Full provision is made for deferred tax assets and liabilities arising from timing differences between the recognition of gains and losses in the accounts and their recognition for corporation tax purposes. Deferred tax is not provided on timing difference arising from the revaluation of fixed assets where there is no commitment to sell the asset.

GRANGE TRAVEL COACH HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 45 33

GRANGE TRAVEL COACH HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 3. Off balance sheet disclosure

    No

GRANGE TRAVEL COACH HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 4. Intangible assets

    Total
    Cost £
    At 01 April 2022 89,771
    Additions 107,119
    Disposals (26,461)
    Revaluations -
    Transfers -
    At 31 March 2023 170,429
    Amortisation
    Amortisation at 01 April 2022 4,985
    Charge for year -
    On disposals (4,791)
    Other adjustments (194)
    Amortisation at 31 March 2023 0
    Net book value
    Net book value at 31 March 2023 170,429
    Net book value at 31 March 2022 84,786

GRANGE TRAVEL COACH HIRE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Tangible Assets

Total
Cost £
At 01 April 2022 6,823,820
Additions 6,124,165
Disposals (3,570,685)
Revaluations -
Transfers -
At 31 March 2023 9,377,300
Depreciation
At 01 April 2022 2,040,107
Charge for year 995,008
On disposals (886,487)
Other adjustments -
At 31 March 2023 2,148,628
Net book value
At 31 March 2023 7,228,672
At 31 March 2022 4,783,713