1 April 2022 false No description of principal activity Taxfiler 2023.10 8758110business:PrivateLimitedCompanyLtd2022-04-012023-03-31 87581102022-03-31 87581102022-04-012023-03-31 8758110business:AuditExempt-NoAccountantsReport2022-04-012023-03-31 8758110business:FilletedAccounts2022-04-012023-03-31 87581102023-03-31 8758110business:Director12022-04-012023-03-31 8758110business:Director22022-04-012023-03-31 8758110business:Director32022-04-012023-03-31 8758110business:RegisteredOffice2022-04-012023-03-31 87581102022-03-31 8758110core:WithinOneYear2023-03-31 8758110core:WithinOneYear2022-03-31 8758110core:AfterOneYear2023-03-31 8758110core:AfterOneYear2022-03-31 8758110core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 8758110core:ShareCapitalcore:PreviouslyStatedAmount2022-03-31 8758110core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 8758110core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-03-31 8758110core:PreviouslyStatedAmount2023-03-31 8758110core:PreviouslyStatedAmount2022-03-31 8758110business:SmallEntities2022-04-012023-03-31 8758110countries:EnglandWales2022-04-012023-03-31 8758110core:PlantMachinery2022-04-012023-03-31 8758110core:MotorVehicles2022-04-012023-03-31 8758110core:ComputerEquipment2022-04-012023-03-31 8758110core:PlantMachinery2022-03-31 8758110core:MotorVehicles2022-03-31 8758110core:ComputerEquipment2022-03-31 8758110core:PlantMachinery2023-03-31 8758110core:MotorVehicles2023-03-31 8758110core:ComputerEquipment2023-03-31 8758110business:OrdinaryShareClass12022-04-012023-03-31 8758110business:OrdinaryShareClass12021-04-012022-03-31 87581102021-04-012022-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 8758110 (England and Wales)
RED LINE BUSES LTD Unaudited accounts for the year ended 31 March 2023
RED LINE BUSES LTD Unaudited accounts Contents
Page
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RED LINE BUSES LTD Company Information for the year ended 31 March 2023
Directors
Wali KHAN Parmeena BEGUM Taj Wali KHAN
Company Number
8758110 (England and Wales)
Registered Office
INTERNATIONAL HOUSE 3 GRIFFIN LANE AYLESBURY BUCKINGHAMSHIRE HP19 8BP ENGLAND
Accountants
Aston Accountants Bridge End Bath Road, Taplow Maidenhead SL6 0AR
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RED LINE BUSES LTD Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
901,938 
1,049,277 
Current assets
Debtors
460,402 
427,447 
Cash at bank and in hand
953,222 
94,436 
1,413,624 
521,883 
Creditors: amounts falling due within one year
(1,097,521)
(676,837)
Net current assets/(liabilities)
316,103 
(154,954)
Total assets less current liabilities
1,218,041 
894,323 
Creditors: amounts falling due after more than one year
(50,000)
(50,000)
Net assets
1,168,041 
844,323 
Capital and reserves
Called up share capital
100 
2 
Profit and loss account
1,167,941 
844,321 
Shareholders' funds
1,168,041 
844,323 
For the year ending 31 March 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 15 December 2023 and were signed on its behalf by
Wali KHAN Director Company Registration No. 8758110
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RED LINE BUSES LTD Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
RED LINE BUSES LTD is a private company, limited by shares, registered in England and Wales, registration number 8758110. The registered office is INTERNATIONAL HOUSE, 3 GRIFFIN LANE, AYLESBURY, BUCKINGHAMSHIRE, HP19 8BP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% at cost
Motor vehicles
10% at cost
Computer equipment
20% at cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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RED LINE BUSES LTD Notes to the Accounts for the year ended 31 March 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
292,815 
1,724,908 
36,585 
2,054,308 
Additions
- 
65,000 
- 
65,000 
At 31 March 2023
292,815 
1,789,908 
36,585 
2,119,308 
Depreciation
At 1 April 2022
120,270 
872,712 
12,049 
1,005,031 
Charge for the year
29,282 
175,740 
7,317 
212,339 
At 31 March 2023
149,552 
1,048,452 
19,366 
1,217,370 
Net book value
At 31 March 2023
143,263 
741,456 
17,219 
901,938 
At 31 March 2022
172,545 
852,196 
24,536 
1,049,277 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
31,390 
24,610 
Trade debtors
- 
66,292 
Accrued income and prepayments
40,546 
- 
Other debtors
388,466 
336,545 
460,402 
427,447 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
224,276 
88,884 
Taxes and social security
181,711 
95,414 
Other creditors
600,000 
172,079 
Loans from directors
91,534 
320,460 
1,097,521 
676,837 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
50,000 
50,000 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
2 
Shares issued during the period:
98 Ordinary shares of £1 each
98 
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RED LINE BUSES LTD Notes to the Accounts for the year ended 31 March 2023
9
Transactions with related parties
Included in the other creditors is the sum of £91,534 (2022: £320,460) due to the director, Mr W Khan. It is an interest free loan and is repayable on demand.
10
Controlling party
Mr T W Khan is the ultimate controlling party by virtue of his shareholding in the company.
11
Average number of employees
During the year the average number of employees was 64 (2022: 71).
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