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REGISTERED NUMBER: 02694511 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Shoreline Suncruiser Buses Ltd

Shoreline Suncruiser Buses Ltd (Registered number: 02694511)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shoreline Suncruiser Buses Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr J Stephenson
Mrs R A Stephenson





REGISTERED OFFICE: 6 Stepney Rise
Scarborough
North Yorkshire
YO12 5BP





REGISTERED NUMBER: 02694511 (England and Wales)





ACCOUNTANTS: Walker & Co
Chartered Accountants
Belgrave House
15 Belgrave Crescent
Scarborough
North Yorkshire
YO11 1UB

Shoreline Suncruiser Buses Ltd (Registered number: 02694511)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,600 9,600
Tangible assets 5 102,190 102,190
111,790 111,790

CURRENT ASSETS
Stocks - 2,500
Debtors 6 67,964 67,964
Cash at bank and in hand 7,931 7,931
75,895 78,395
CREDITORS
Amounts falling due within one year 7 134,818 134,818
NET CURRENT LIABILITIES (58,923 ) (56,423 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,867

55,367

CREDITORS
Amounts falling due after more than one
year

8

(46,084

)

(46,084

)

PROVISIONS FOR LIABILITIES (19,416 ) (19,416 )
NET LIABILITIES (12,633 ) (10,133 )

Shoreline Suncruiser Buses Ltd (Registered number: 02694511)

Balance Sheet - continued
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (12,635 ) (10,135 )
SHAREHOLDERS' FUNDS (12,633 ) (10,133 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

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 30 November 2023 and were signed on its behalf by:





Mr J Stephenson - Director


Shoreline Suncruiser Buses Ltd (Registered number: 02694511)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Shoreline Suncruiser Buses Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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 etc - straight line over 3 years, 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 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.


Shoreline Suncruiser Buses Ltd (Registered number: 02694511)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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.

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 10 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 96,000
AMORTISATION
At 1 March 2022
and 28 February 2023 86,400
NET BOOK VALUE
At 28 February 2023 9,600
At 28 February 2022 9,600

Shoreline Suncruiser Buses Ltd (Registered number: 02694511)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022
and 28 February 2023 445,676
DEPRECIATION
At 1 March 2022
and 28 February 2023 343,486
NET BOOK VALUE
At 28 February 2023 102,190
At 28 February 2022 102,190

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 21,101 21,101
Other debtors 46,863 46,863
67,964 67,964

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 14,442 14,442
Trade creditors 68,594 68,594
Taxation and social security 4,888 4,888
Other creditors 46,894 46,894
134,818 134,818

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 46,084 46,084