IRIS Accounts Production v23.3.1.45 04797897 Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false Ordinary shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh047978972022-07-31047978972023-07-31047978972022-08-012023-07-31047978972021-07-31047978972021-08-012022-07-31047978972022-07-3104797897ns10:Originalns15:EnglandWales2022-08-012023-07-3104797897ns14:PoundSterlingns10:Original2022-08-012023-07-3104797897ns10:Originalns10:Director12022-08-012023-07-3104797897ns10:Original2022-08-012023-07-3104797897ns10:Original2023-07-3104797897ns10:Originalns10:PrivateLimitedCompanyLtd2022-08-012023-07-3104797897ns10:Originalns10:SmallEntities2022-08-012023-07-3104797897ns10:Originalns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3104797897ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3104797897ns10:SmallCompaniesRegimeForAccountsns10:Original2022-08-012023-07-3104797897ns10:Originalns10:FullAccounts2022-08-012023-07-3104797897ns10:Originalns10:OrdinaryShareClass12022-08-012023-07-3104797897ns10:Originalns10:Director22022-08-012023-07-3104797897ns10:Originalns10:RegisteredOffice2022-08-012023-07-3104797897ns10:Original2022-07-3104797897ns10:Originalns5:CurrentFinancialInstruments2023-07-3104797897ns10:Originalns5:CurrentFinancialInstruments2022-07-3104797897ns10:Originalns5:Non-currentFinancialInstruments2023-07-3104797897ns10:Originalns5:Non-currentFinancialInstruments2022-07-3104797897ns5:ShareCapitalns10:Original2023-07-3104797897ns5:ShareCapitalns10:Original2022-07-3104797897ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-07-3104797897ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-07-3104797897ns10:Original2021-08-012022-07-3104797897ns10:Originalns5:FurnitureFittings2022-07-3104797897ns10:Originalns5:MotorVehicles2022-07-3104797897ns10:Originalns5:ComputerEquipment2022-07-3104797897ns10:Original2022-07-3104797897ns10:Originalns5:FurnitureFittings2022-08-012023-07-3104797897ns10:Originalns5:MotorVehicles2022-08-012023-07-3104797897ns10:Originalns5:ComputerEquipment2022-08-012023-07-3104797897ns10:Originalns5:FurnitureFittings2023-07-3104797897ns10:Originalns5:MotorVehicles2023-07-3104797897ns10:Originalns5:ComputerEquipment2023-07-3104797897ns10:Originalns5:FurnitureFittings2022-07-3104797897ns10:Originalns5:MotorVehicles2022-07-3104797897ns10:Originalns5:ComputerEquipment2022-07-3104797897ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-3104797897ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-08-012023-07-3104797897ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-07-3104797897ns10:Originalns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-07-3104797897ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3104797897ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3104797897ns10:Originalns10:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 04797897 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Readybus Limited

Readybus Limited (Registered number: 04797897)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Readybus Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: T Bloomfield
M A Clayson





REGISTERED OFFICE: 4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX





REGISTERED NUMBER: 04797897 (England and Wales)





ACCOUNTANTS: Bristow Burrell
4 Riverview
Walnut Tree Close
Guildford
Surrey
GU1 4UX

Readybus Limited (Registered number: 04797897)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,783,998 2,383,570

CURRENT ASSETS
Debtors 6 891,341 618,193
Cash at bank and in hand 134,571 33,926
1,025,912 652,119
CREDITORS
Amounts falling due within one
year

7

1,591,725

1,263,368
NET CURRENT LIABILITIES (565,813 ) (611,249 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,218,185

1,772,321

CREDITORS
Amounts falling due after more
than one year

8

(1,673,919

)

(1,591,902

)

PROVISIONS FOR LIABILITIES (91,148 ) (21,126 )
NET ASSETS 453,118 159,293

CAPITAL AND RESERVES
Called up share capital 9 500 500
Retained earnings 452,618 158,793
SHAREHOLDERS' FUNDS 453,118 159,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 February 2024 and were signed on its behalf by:





M A Clayson - Director


Readybus Limited (Registered number: 04797897)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Readybus 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 41 (2022 - 32 ) .

Readybus Limited (Registered number: 04797897)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022 18,653 2,966,488 13,491 2,998,632
Additions 764 657,455 2,771 660,990
At 31 July 2023 19,417 3,623,943 16,262 3,659,622
DEPRECIATION
At 1 August 2022 12,381 594,198 8,483 615,062
Charge for year 1,671 256,613 2,278 260,562
At 31 July 2023 14,052 850,811 10,761 875,624
NET BOOK VALUE
At 31 July 2023 5,365 2,773,132 5,501 2,783,998
At 31 July 2022 6,272 2,372,290 5,008 2,383,570

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2022 2,835,500
Additions 647,500
At 31 July 2023 3,483,000
DEPRECIATION
At 1 August 2022 578,232
Charge for year 244,394
At 31 July 2023 822,626
NET BOOK VALUE
At 31 July 2023 2,660,374
At 31 July 2022 2,257,268

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 624,665 442,149
Other debtors 266,676 176,044
891,341 618,193

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 231,536 166,324
Hire purchase contracts 504,907 328,546
Trade creditors 296,462 318,023
Taxation and social security 55,990 36,199
Other creditors 502,830 414,276
1,591,725 1,263,368

Readybus Limited (Registered number: 04797897)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 1,624,798 1,495,363
Other creditors 49,121 96,539
1,673,919 1,591,902

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 87,289 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary shares £1 500 500

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

The company's ultimate parent company is The Ready Group Limited, a company incorporated in England and Wales, by virtue of their 100% holding of share capital in Readybus Limited.