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REGISTERED NUMBER: 03317307 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Aintree Coaches (International) Limited

Aintree Coaches (International) Limited (Registered number: 03317307)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aintree Coaches (International) Limited

Company Information
for the Year Ended 30 June 2023







DIRECTOR: J Cherry





SECRETARY: J Cherry





REGISTERED OFFICE: 17 Atlas Way
Ellesmere Port
CH66 1TL





REGISTERED NUMBER: 03317307 (England and Wales)





ACCOUNTANTS: Myersons
Chartered Accountants
32 Derby Street
Ormskirk
Lancashire
L39 2BY

Aintree Coaches (International) Limited (Registered number: 03317307)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,377,228 903,287

CURRENT ASSETS
Debtors 5 373,585 472,604
Cash at bank 2,928 802
376,513 473,406
CREDITORS
Amounts falling due within one year 6 374,484 286,370
NET CURRENT ASSETS 2,029 187,036
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,379,257

1,090,323

CREDITORS
Amounts falling due after more than one year 7 (562,847 ) (312,572 )

PROVISIONS FOR LIABILITIES (56,644 ) (50,957 )
NET ASSETS 759,766 726,794

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation movement 9 454,663 458,298
Retained earnings 305,101 268,494
SHAREHOLDERS' FUNDS 759,766 726,794

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

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

Aintree Coaches (International) Limited (Registered number: 03317307)

Balance Sheet - continued
30 June 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 11 April 2024 and were signed by:





J Cherry - Director


Aintree Coaches (International) Limited (Registered number: 03317307)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Aintree Coaches (International) 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.

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 as modified by the revaluation of certain assets.

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.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Motor vehicles - 10% on cost

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.

Aintree Coaches (International) Limited (Registered number: 03317307)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued

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 21 (2022 - 22 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2022 50,000 3,794 1,767,988 1,821,782
Additions - - 567,000 567,000
Disposals - - (71,767 ) (71,767 )
Revaluations - - (3,635 ) (3,635 )
At 30 June 2023 50,000 3,794 2,259,586 2,313,380
DEPRECIATION
At 1 July 2022 1,000 1,518 915,977 918,495
Charge for year 1,000 759 56,874 58,633
Eliminated on disposal - - (40,976 ) (40,976 )
At 30 June 2023 2,000 2,277 931,875 936,152
NET BOOK VALUE
At 30 June 2023 48,000 1,517 1,327,711 1,377,228
At 30 June 2022 49,000 2,276 852,011 903,287

Cost or valuation at 30 June 2023 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2021 - - 458,298 458,298
Valuation in 2023 - - (3,635 ) (3,635 )
Cost 50,000 3,794 1,804,923 1,858,717
50,000 3,794 2,259,586 2,313,380

Aintree Coaches (International) Limited (Registered number: 03317307)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS - continued

If Motor Vehicles had not been revalued they would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 1,804,922 1,309,690
Aggregate depreciation 931,874 915,976

Motor Vehicles were valued on a market value basis on 30 June 2021 by the director .

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 July 2022 942,525
Additions 566,999
Disposals (23,275 )
Revaluations 371,193
Transfer to ownership 28,894
At 30 June 2023 1,886,336
DEPRECIATION
At 1 July 2022 576,498
Charge for year 51,209
Transfer to ownership 39,957
At 30 June 2023 667,664
NET BOOK VALUE
At 30 June 2023 1,218,672
At 30 June 2022 366,027

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 288 -
Other debtors 2,302 2,000
Inter company 213,016 378,349
Directors' current accounts 40,185 40,185
Tax 38,949 13,060
VAT 78,845 39,010
373,585 472,604

Aintree Coaches (International) Limited (Registered number: 03317307)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 6,210 6,210
Hire purchase contracts and finance leases 314,199 205,419
Trade creditors 2,397 859
Tax - 15,524
Social security and other taxes 44,028 52,358
Other creditors 1,450 -
Accrued expenses 6,200 6,000
374,484 286,370

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans - 2-5 years 33,952 39,191
Other Loans > 5 Years 50,000 50,000
Hire purchase contracts and finance leases 478,895 223,381
562,847 312,572

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Hire purchase contracts and finance leases 793,094 428,800
Other Loans > 5 years 50,000 50,000
843,094 478,800

9. RESERVES
Revaluation
movement
£   
At 1 July 2022 458,298
Revaluation gain (3,635 )

At 30 June 2023 454,663

Aintree Coaches (International) Limited (Registered number: 03317307)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

30.6.23 30.6.22
£    £   
J Cherry
Balance outstanding at start of year 40,185 40,185
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,185 40,185