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REGISTERED NUMBER: 05413633 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Caradoc Coaches Limited

Caradoc Coaches Limited (Registered number: 05413633)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Caradoc Coaches Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: G W Gough
Mrs A H Gough
C W Russell





SECRETARY: Mrs A H Gough





REGISTERED OFFICE: 39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST





BUSINESS ADDRESS: Apiary Park
Walls Bank
Church Stretton
Shropshire
SY6 7DP





REGISTERED NUMBER: 05413633 (England and Wales)





ACCOUNTANTS: Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST

Caradoc Coaches Limited (Registered number: 05413633)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,163,300 1,091,383
1,163,300 1,091,383

CURRENT ASSETS
Debtors 6 331,042 281,511
Cash at bank and in hand 93,907 304,451
424,949 585,962
CREDITORS
Amounts falling due within one year 7 (268,239 ) (340,687 )
NET CURRENT ASSETS 156,710 245,275
TOTAL ASSETS LESS CURRENT LIABILITIES 1,320,010 1,336,658

CREDITORS
Amounts falling due after more than one year 8 (36,752 ) (205,520 )

PROVISIONS FOR LIABILITIES 10 (223,434 ) (185,054 )
NET ASSETS 1,059,824 946,084

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 1,059,724 945,984
SHAREHOLDERS' FUNDS 1,059,824 946,084

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.

Caradoc Coaches Limited (Registered number: 05413633)

Balance Sheet - continued
31 July 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 Statement of Income and Retained Earnings has not been delivered.

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





G W Gough - Director


Caradoc Coaches Limited (Registered number: 05413633)

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

1. STATUTORY INFORMATION

Caradoc Coaches 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.

Related party exemption
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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 25% on reducing balance and at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Caradoc Coaches Limited (Registered number: 05413633)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 5,000
AMORTISATION
At 1 August 2022
and 31 July 2023 5,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 1,989,204
Additions 239,750
Disposals (23,500 )
At 31 July 2023 2,205,454
DEPRECIATION
At 1 August 2022 897,821
Charge for year 167,833
Eliminated on disposal (23,500 )
At 31 July 2023 1,042,154
NET BOOK VALUE
At 31 July 2023 1,163,300
At 31 July 2022 1,091,383

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 135,581 129,853
Amounts owed by group undertakings 32,800 300
Other debtors 162,661 151,358
331,042 281,511

Caradoc Coaches Limited (Registered number: 05413633)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 171,570 208,036
Trade creditors 53,739 77,431
Amounts owed to group undertakings 11,226 822
Taxation and social security 26,798 47,827
Other creditors 4,906 6,571
268,239 340,687

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 36,752 205,520

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 208,322 413,556

Hire purchase liabilities are secured on the specific asset to which the liability relates.

10. PROVISIONS FOR LIABILITIES
31.7.23 31.7.22
£    £   
Deferred tax
Accelerated capital allowances 223,434 185,054

Deferred
tax
£   
Balance at 1 August 2022 185,054
Charge to Statement of Income and Retained Earnings during year 38,380
Balance at 31 July 2023 223,434

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

Caradoc Coaches Limited (Registered number: 05413633)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2023 and 31 July 2022:

31.7.23 31.7.22
£    £   
G W Gough and Mrs A H Gough
Balance outstanding at start of year 149,000 -
Amounts advanced - 149,000
Amounts repaid (40,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 109,000 149,000

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Caradoc Coaches Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Caradoc Coaches Limited for the year ended 31 July 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Caradoc Coaches Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Caradoc Coaches Limited and state those matters that we have agreed to state to the Board of Directors of Caradoc Coaches Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Caradoc Coaches Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Caradoc Coaches Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Caradoc Coaches Limited. You consider that Caradoc Coaches Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Caradoc Coaches Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Crowther Jordan Limited
Chartered Accountants
39 High Street
Wednesfield
Wolverhampton
West Midlands
WV11 1ST


12 January 2024