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REGISTERED NUMBER: 04252279 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2023

FOR

C & G COACH SERVICES LIMITED

C & G COACH SERVICES LIMITED (REGISTERED NUMBER: 04252279)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


C & G COACH SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mrs C L Mansell
R A L Day





REGISTERED OFFICE: Honeysome Lodge
Honeysome Road
Chatteris
Cambridgeshire
PE16 6SB





REGISTERED NUMBER: 04252279 (England and Wales)





ACCOUNTANTS: Hackett Griffey LLP
Chartered Certified Accountants
31 High Street
Haverhill
Suffolk
CB9 8AD

C & G COACH SERVICES LIMITED (REGISTERED NUMBER: 04252279)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 645,866 595,703
645,866 595,703

CURRENT ASSETS
Stocks 5,706 9,950
Debtors 6 229,769 229,221
Cash at bank and in hand 207,905 181,976
443,380 421,147
CREDITORS
Amounts falling due within one year 7 384,035 360,701
NET CURRENT ASSETS 59,345 60,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,211

656,149

CREDITORS
Amounts falling due after more than one
year

8

(244,004

)

(245,849

)

PROVISIONS FOR LIABILITIES (122,520 ) (112,437 )
NET ASSETS 338,687 297,863

CAPITAL AND RESERVES
Called up share capital 85 90
Capital redemption reserve 15 10
Retained earnings 338,587 297,763
SHAREHOLDERS' FUNDS 338,687 297,863

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

C & G COACH SERVICES LIMITED (REGISTERED NUMBER: 04252279)

BALANCE SHEET - continued
30 APRIL 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 8 November 2023 and were signed on its behalf by:




Mrs C L Mansell - Director



R A L Day - Director


C & G COACH SERVICES LIMITED (REGISTERED NUMBER: 04252279)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

C & G Coach Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Vehicle fleet - 10% 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.

C & G COACH SERVICES LIMITED (REGISTERED NUMBER: 04252279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

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 31 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 30,000
AMORTISATION
At 1 May 2022
and 30 April 2023 30,000
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Vehicle
machinery fleet Totals
£    £    £   
COST
At 1 May 2022 45,877 935,749 981,626
Additions 3,000 218,412 221,412
Disposals - (236,495 ) (236,495 )
At 30 April 2023 48,877 917,666 966,543
DEPRECIATION
At 1 May 2022 12,173 373,750 385,923
Charge for year 12,155 98,297 110,452
Eliminated on disposal - (175,698 ) (175,698 )
At 30 April 2023 24,328 296,349 320,677
NET BOOK VALUE
At 30 April 2023 24,549 621,317 645,866
At 30 April 2022 33,704 561,999 595,703

C & G COACH SERVICES LIMITED (REGISTERED NUMBER: 04252279)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 96,005 83,306
Other debtors 133,764 145,915
229,769 229,221

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,000 30,000
Hire purchase contracts 105,288 82,991
Trade creditors 165,132 161,280
Taxation and social security 18,658 26,998
Other creditors 64,957 59,432
384,035 360,701

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 65,000 95,000
Hire purchase contracts 158,484 129,573
Other creditors 20,520 21,276
244,004 245,849

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 95,000 125,000
Hire purchase contracts 263,772 212,564
358,772 337,564

Bank and credit card borrowings are secured by a charge over the assets of the company.

Hire purchase liabilities are secured by a charge over the asset concerned.

10. OTHER FINANCIAL COMMITMENTS

The total amount of operating lease commitments is £nil.