Registered number
09166933
A1 Coaches Limited
Unaudited Filleted Accounts
31 July 2024
A1 Coaches Limited
Registered number: 09166933
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 198,871 152,886
Current assets
Debtors 4 34,462 7,235
Cash at bank and in hand 85,219 3,912
119,681 11,147
Creditors: amounts falling due within one year 5 (61,674) (159,714)
Net current assets/(liabilities) 58,007 (148,567)
Net assets 256,878 4,319
Capital and reserves
Called up share capital 2 2
Profit and loss account 256,876 4,317
Shareholders' funds 256,878 4,319
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J F Donnelly
Director
Approved by the board on 4 August 2024
A1 Coaches Limited
Notes to the Accounts
for the period from 1 September 2023 to 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 20% Reducing balance
Motor Vehicles 20% Reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Unrelieved tax losses are recognised only to the extent that it is probable that they will be recovered against the reversal of future taxable profits.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2023 80,350 159,723 240,073
Additions 2,985 81,474 84,459
At 31 July 2024 83,335 241,197 324,532
Depreciation
At 1 September 2023 41,198 45,989 87,187
Charge for the period 7,377 31,097 38,474
At 31 July 2024 48,575 77,086 125,661
Net book value
At 31 July 2024 34,760 164,111 198,871
At 31 August 2023 39,152 113,734 152,886
4 Debtors 2024 2023
£ £
Trade debtors 31,859 1,609
Other debtors 2,603 5,626
34,462 7,235
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 7,898 4,200
Taxation and social security costs 52,776 -
Other creditors 1,000 155,514
61,674 159,714
6 Other information
A1 Coaches Limited is a private company limited by shares and incorporated in England. Its registered office is:
Centaur House
Gardiners Place
Skelmersdale
Lancashire
WN8 9SP
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