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REGISTERED NUMBER: 04543693 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2024

FOR

WALTONS COACH HIRE LIMITED

WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WALTONS COACH HIRE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2024







DIRECTORS: Mr P J Walton
Mrs M E Walton
Mrs J E Atherton





SECRETARY: Mrs M E Walton





REGISTERED OFFICE: Willowbrook
Naze Lane East
Freckleton
Preston
Lancashire
PR4 1UN





REGISTERED NUMBER: 04543693 (England and Wales)





ACCOUNTANTS: Wallwork Nelson & Johnson
Chandler House
7 Ferry Road Office Park
Riversway
Preston
Lancashire
PR2 2YH

WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)

BALANCE SHEET
5 APRIL 2024

5/4/24 5/4/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 854,818 666,577

CURRENT ASSETS
Stocks 6,000 6,000
Debtors 5 121,472 169,614
Cash at bank and in hand 547,622 389,895
675,094 565,509
CREDITORS
Amounts falling due within one year 6 171,513 164,659
NET CURRENT ASSETS 503,581 400,850
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,358,399

1,067,427

CREDITORS
Amounts falling due after more than one
year

7

(225,795

)

(183,058

)

PROVISIONS FOR LIABILITIES (162,415 ) (126,649 )
NET ASSETS 970,189 757,720

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 970,187 757,718
SHAREHOLDERS' FUNDS 970,189 757,720

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2024 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.

WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)

BALANCE SHEET - continued
5 APRIL 2024


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 Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by:




Mr P J Walton - Director



Mrs M E Walton - Director


WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2024

1. STATUTORY INFORMATION

Waltons Coach Hire 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.

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

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

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

Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 6 April 2023 1,978,291
Additions 413,684
At 5 April 2024 2,391,975
DEPRECIATION
At 6 April 2023 1,311,714
Charge for year 225,443
At 5 April 2024 1,537,157
NET BOOK VALUE
At 5 April 2024 854,818
At 5 April 2023 666,577

Included within plant and machinery are assets held under hire purchase contracts with a net book value of £404,916 (2023: £451,970).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/24 5/4/23
£    £   
Trade debtors 69,183 118,383
Other debtors 52,289 51,231
121,472 169,614

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5/4/24 5/4/23
£    £   
Bank loans and overdrafts 12,245 12,245
Hire purchase contracts 82,500 88,714
Trade creditors 12,778 24,460
Taxation and social security 32,019 18,747
Other creditors 31,971 20,493
171,513 164,659

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
5/4/24 5/4/23
£    £   
Bank loans 9,869 32,755
Hire purchase contracts 215,926 150,303
225,795 183,058

WALTONS COACH HIRE LIMITED (REGISTERED NUMBER: 04543693)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

5/4/24 5/4/23
£    £   
Hire purchase contracts 298,426 239,017

9. RELATED PARTY DISCLOSURES

There was a loan outstanding to the parent company, Waltons Coach Hire (Holdings) Limited, at the year-end of £28,525 (2023: £10,725).

During the year dividends of £17,800 (2023: £4,000) were paid to Waltons Coach Hire (Holdings) Limited.

10. ULTIMATE CONTROLLING PARTY

The Ultimate Controlling Party are the directors as disclosed in the Directors' Report on page 2.