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REGISTERED NUMBER: 04485643 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023

FOR

YORKSHIRE BUS & COACH SALES LIMITED

YORKSHIRE BUS & COACH SALES LIMITED (REGISTERED NUMBER: 04485643)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YORKSHIRE BUS & COACH SALES LIMITED

COMPANY INFORMATION
for the Year Ended 30 December 2023







DIRECTOR: C Porteous





REGISTERED OFFICE: Apartment 8
Swanland Hall, Hall Park
Tranby Lane
Swanland
HU14 3NW





REGISTERED NUMBER: 04485643 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

YORKSHIRE BUS & COACH SALES LIMITED (REGISTERED NUMBER: 04485643)

BALANCE SHEET
30 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 19,860 22,923

CURRENT ASSETS
Stocks 5 158,000 158,000
Debtors 6 520,743 530,320
Cash at bank and in hand 977 57
679,720 688,377
CREDITORS
Amounts falling due within one year 7 714,939 720,381
NET CURRENT LIABILITIES (35,219 ) (32,004 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(15,359

)

(9,081

)

CREDITORS
Amounts falling due after more than one year 8 - 1,049
NET LIABILITIES (15,359 ) (10,130 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (15,361 ) (10,132 )
SHAREHOLDERS' FUNDS (15,359 ) (10,130 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

YORKSHIRE BUS & COACH SALES LIMITED (REGISTERED NUMBER: 04485643)

BALANCE SHEET - continued
30 December 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 director and authorised for issue on 29 February 2024 and were signed by:





C Porteous - Director


YORKSHIRE BUS & COACH SALES LIMITED (REGISTERED NUMBER: 04485643)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 December 2023


1. STATUTORY INFORMATION

Yorkshire Bus & Coach Sales Limited is a private company, limited by shares, registered in England. The company's registered number is 04485643 and registered office and place of business is at Swanland Hall,Hall Park,Tranby Lane,Swanland, HU14 3NW.

The financial statements are presented in the Pound Sterling (£) which is the functional currency of the company.

The principal activity of the company is the hire and sale of buses and coaches.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

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 - 33.3% on cost and 10% on cost

Stocks
Stock are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell.

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.

Taxation
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.

YORKSHIRE BUS & COACH SALES LIMITED (REGISTERED NUMBER: 04485643)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 December 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.

For sale and leaseback transactions that result in a finance lease, any excess of sales proceeds over the carrying amount of the original asset is deferred and amortised over the lease term.

Investments in subsidiaries
Investments in subsidiaries are recognised at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 31 December 2022
and 30 December 2023 5,830 30,000 340 36,170
DEPRECIATION
At 31 December 2022 5,658 7,250 339 13,247
Charge for year 63 3,000 - 3,063
At 30 December 2023 5,721 10,250 339 16,310
NET BOOK VALUE
At 30 December 2023 109 19,750 1 19,860
At 30 December 2022 172 22,750 1 22,923

5. STOCKS
2023 2022
£    £   
Coach and bus stocks 158,000 158,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
West Park Property
Developments Ltd 501,719 515,331
Deferred tax asset 18,270 14,323
Prepayments 754 666
520,743 530,320

YORKSHIRE BUS & COACH SALES LIMITED (REGISTERED NUMBER: 04485643)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 December 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) - 1,655
Trade creditors 77 2,972
VAT 4,803 4,103
Credit card (802 ) (1,118 )
Rental deposits 2,000 2,000
Directors current account 704,861 708,745
Accrued expenses 4,000 2,024
714,939 720,381

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 9) - 1,049

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Gross obligations repayable:
Within one year - 1,880
Between one and five years - 1,096
- 2,976

Finance charges repayable:
Within one year - 225
Between one and five years - 47
- 272

Net obligations repayable:
Within one year - 1,655
Between one and five years - 1,049
- 2,704

YORKSHIRE BUS & COACH SALES LIMITED (REGISTERED NUMBER: 04485643)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 December 2023


10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 2,704

The Hire Purchase borrowings are secured on the assets to which they relate.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a loan to the company from the director, C Porteous. The amount outstanding at 31 December 2023 was £704,861 (2022 £708,745).

The loan was made on an interest free basis and is repayable on demand. Although the loan is strictly repayable on demand the director has confirmed that repayment will not be made until sufficient funds are available. The director has confirmed his continued support to the company.

12. RELATED PARTY DISCLOSURES

Included in other debtors is a loan to West Park Property Developments Ltd, a company under the control of the director, C Porteous.

The balance outstanding at 31 December 2023 was £501,719 (2022 £515,331) .

The loan was made on an interest free basis and is repayable on demand.

13. ULTIMATE CONTROLLING PARTY

The controlling party is C Porteous.

14. GOING CONCERN

Although the company has net current liabilities amounting to £36,183 ( 2022 £32,004) the director has pledged his support to the company and will continue his support for the foreseeable future. On this basis the use of the going concern basis for the preparation of the financial statements has been used.