Acorah Software Products - Accounts Production 15.0.500 false true 31 July 2022 1 August 2021 false 1 August 2022 31 July 2023 31 July 2023 05422831 Mr John Mitchell Mr Sean Mitchell iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05422831 2022-07-31 05422831 2023-07-31 05422831 2022-08-01 2023-07-31 05422831 frs-core:CurrentFinancialInstruments 2023-07-31 05422831 frs-core:Non-currentFinancialInstruments 2023-07-31 05422831 frs-core:BetweenOneFiveYears 2023-07-31 05422831 frs-core:ComputerEquipment 2023-07-31 05422831 frs-core:ComputerEquipment 2022-08-01 2023-07-31 05422831 frs-core:ComputerEquipment 2022-07-31 05422831 frs-core:FurnitureFittings 2023-07-31 05422831 frs-core:FurnitureFittings 2022-08-01 2023-07-31 05422831 frs-core:FurnitureFittings 2022-07-31 05422831 frs-core:NetGoodwill 2023-07-31 05422831 frs-core:NetGoodwill 2022-08-01 2023-07-31 05422831 frs-core:NetGoodwill 2022-07-31 05422831 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-07-31 05422831 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 05422831 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2022-07-31 05422831 frs-core:MotorVehicles 2023-07-31 05422831 frs-core:MotorVehicles 2022-08-01 2023-07-31 05422831 frs-core:MotorVehicles 2022-07-31 05422831 frs-core:PlantMachinery 2023-07-31 05422831 frs-core:PlantMachinery 2022-08-01 2023-07-31 05422831 frs-core:PlantMachinery 2022-07-31 05422831 frs-core:WithinOneYear 2023-07-31 05422831 frs-core:RevaluationReserve 2022-08-01 2023-07-31 05422831 frs-core:RevaluationReserve 2022-07-31 05422831 frs-core:RevaluationReserve 2023-07-31 05422831 frs-core:ShareCapital 2023-07-31 05422831 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31 05422831 frs-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05422831 frs-bus:FilletedAccounts 2022-08-01 2023-07-31 05422831 frs-bus:SmallEntities 2022-08-01 2023-07-31 05422831 frs-bus:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05422831 frs-bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 05422831 frs-bus:Director1 2022-08-01 2023-07-31 05422831 frs-bus:Director2 2022-08-01 2023-07-31 05422831 frs-countries:EnglandWales 2022-08-01 2023-07-31 05422831 2021-07-31 05422831 2022-07-31 05422831 2021-08-01 2022-07-31 05422831 frs-core:CurrentFinancialInstruments 2022-07-31 05422831 frs-core:Non-currentFinancialInstruments 2022-07-31 05422831 frs-core:BetweenOneFiveYears 2022-07-31 05422831 frs-core:WithinOneYear 2022-07-31 05422831 frs-core:RevaluationReserve 2022-07-31 05422831 frs-core:ShareCapital 2022-07-31 05422831 frs-core:RetainedEarningsAccumulatedLosses 2022-07-31
Registered number: 05422831
Endeavour Coaches Limited
Financial Statements
For The Year Ended 31 July 2023
Fruition Accountancy Limited
29 Wood Street
Stratford-upon-Avon
Warwickshire
CV37 6JG
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 05422831
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 3 7,000 10,500
Tangible Assets 4 1,694,732 1,538,015
1,701,732 1,548,515
CURRENT ASSETS
Stocks 5 129,682 91,000
Debtors 6 728,156 408,319
Cash at bank and in hand 42,771 59,851
900,609 559,170
Creditors: Amounts Falling Due Within One Year 7 (1,206,703 ) (702,518 )
NET CURRENT ASSETS (LIABILITIES) (306,094 ) (143,348 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,395,638 1,405,167
Creditors: Amounts Falling Due After More Than One Year 8 (455,459 ) (949,149 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (317,706 ) (139,778 )
NET ASSETS 622,473 316,240
CAPITAL AND RESERVES
Called up share capital 10 300 300
Revaluation reserve 11 461,328 136,550
Profit and Loss Account 160,845 179,390
SHAREHOLDERS' FUNDS 622,473 316,240
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For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sean Mitchell
Director
8th August 2024
The notes on pages 3 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. Accounting Policies
1.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
1.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
1.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
1.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold over 10 years
Plant & Machinery 15% reducing balance
Motor Vehicles 10% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% straight line
1.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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1.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
1.7. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
1.8. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 20 (2022: 25)
20 25
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3. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 70,000
As at 31 July 2023 70,000
Amortisation
As at 1 August 2022 59,500
Provided during the period 3,500
As at 31 July 2023 63,000
Net Book Value
As at 31 July 2023 7,000
As at 1 August 2022 10,500
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost or Valuation
As at 1 August 2022 52,000 55,470 2,774,160 10,859
Revaluation - - (1,106,670 ) -
As at 31 July 2023 52,000 55,470 1,667,490 10,859
Depreciation
As at 1 August 2022 52,000 24,994 1,271,705 9,164
Provided during the period - 4,674 159,743 255
On revaluations - - (1,431,448 ) -
As at 31 July 2023 52,000 29,668 - 9,419
Net Book Value
As at 31 July 2023 - 25,802 1,667,490 1,440
As at 1 August 2022 - 30,476 1,502,455 1,695
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Computer Equipment Total
£ £
Cost or Valuation
As at 1 August 2022 14,279 2,906,768
Revaluation - (1,106,670 )
As at 31 July 2023 14,279 1,800,098
Depreciation
As at 1 August 2022 10,890 1,368,753
Provided during the period 3,389 168,061
On revaluations - (1,431,448 )
As at 31 July 2023 14,279 105,366
Net Book Value
As at 31 July 2023 - 1,694,732
As at 1 August 2022 3,389 1,538,015
5. Stocks
2023 2022
£ £
Stock - finished goods 129,682 91,000
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 206,375 324,897
Amounts owed by group undertakings 260,379 10,362
Amounts owed by participating interests 24,897 1,136
Other debtors 236,505 71,924
728,156 408,319
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 331,037 331,037
Trade creditors 228,247 45,131
Bank loans and overdrafts 72,801 26,474
Other loans 75,798 -
Other creditors 258,582 179,934
Taxation and social security 240,238 119,942
1,206,703 702,518
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 349,275 817,971
Bank loans (> 1 yr) 106,184 45,845
Other creditors - 85,333
455,459 949,149
9. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The maturity of these amounts is as follows:
Within one year 331,037 331,037
Between one and five years 349,275 817,971
680,312 1,149,008
680,312 1,149,008
10. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 300 300
11. Reserves
Revaluation Reserve
£
As at 1 August 2022 136,550
Surplus on revaluation 324,778
As at 31 July 2023 461,328
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12. Related Party Transactions
Endeavour Intercity LimitedA company under common control.During the year, the company loaned Endeavour Intercity Ltd funds of £327. The amount due to the company at the year end was £327 (2022: £nil).

Endeavour Intercity Limited

A company under common control.

During the year, the company loaned Endeavour Intercity Ltd funds of £327. The amount due to the company at the year end was £327 (2022: £nil).

Endeavour Minibuses LtdA company under common control.During the year, the company loaned Endeavour Minibuses Ltd funds of £24,570. The amount due to the company at the year end was £24,570 (2022: £nil).

Endeavour Minibuses Ltd

A company under common control.

During the year, the company loaned Endeavour Minibuses Ltd funds of £24,570. The amount due to the company at the year end was £24,570 (2022: £nil).

Endeavour Investments Group LtdParent CompanyDuring the year, the company loaned Endeavour Investments Ltd monies of £247,667. The amount due to the company at the year end was £258,029 (2022: £10,362).

Endeavour Investments Group Ltd

Parent Company

During the year, the company loaned Endeavour Investments Ltd monies of £247,667. The amount due to the company at the year end was £258,029 (2022: £10,362).

Mitchell Investments LimitedFellow subsidiaryDuring the year, the company loaned Mitchell Investments Ltd monies of £2,350. The amount due to the company at the year end was £2,350 (2022: £nil).

Mitchell Investments Limited

Fellow subsidiary

During the year, the company loaned Mitchell Investments Ltd monies of £2,350. The amount due to the company at the year end was £2,350 (2022: £nil).

13. General Information
Endeavour Coaches Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05422831 . The registered office is 30 Plume Street, Aston, Birmingham, West Midlands, B6 7RT.
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