14 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 200,000 180,000 20,000 200,000 20,000 xbrli:pure xbrli:shares iso4217:GBP 08785875 2023-04-01 2024-03-31 08785875 2024-03-31 08785875 2023-03-31 08785875 2022-04-01 2023-03-31 08785875 2023-03-31 08785875 2022-03-31 08785875 core:NetGoodwill 2023-04-01 2024-03-31 08785875 core:PlantMachinery 2023-04-01 2024-03-31 08785875 core:MotorVehicles 2023-04-01 2024-03-31 08785875 bus:Director1 2023-04-01 2024-03-31 08785875 core:NetGoodwill 2023-03-31 08785875 core:NetGoodwill 2024-03-31 08785875 core:PlantMachinery 2023-03-31 08785875 core:MotorVehicles 2023-03-31 08785875 core:PlantMachinery 2024-03-31 08785875 core:MotorVehicles 2024-03-31 08785875 core:WithinOneYear 2024-03-31 08785875 core:WithinOneYear 2023-03-31 08785875 core:ShareCapital 2024-03-31 08785875 core:ShareCapital 2023-03-31 08785875 core:RetainedEarningsAccumulatedLosses 2024-03-31 08785875 core:RetainedEarningsAccumulatedLosses 2023-03-31 08785875 core:NetGoodwill 2023-03-31 08785875 core:PlantMachinery 2023-03-31 08785875 core:MotorVehicles 2023-03-31 08785875 bus:Director1 2023-03-31 08785875 bus:Director1 2024-03-31 08785875 bus:Director1 2022-03-31 08785875 bus:Director1 2023-03-31 08785875 bus:Director1 2022-04-01 2023-03-31 08785875 bus:SmallEntities 2023-04-01 2024-03-31 08785875 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08785875 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08785875 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08785875 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 08785875
Leighton Coachworks Limited
Filleted Unaudited Financial Statements
31 March 2024
Leighton Coachworks Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
Fixed assets
Intangible assets
5
20,000
Tangible assets
6
15,250
18,064
--------
--------
15,250
38,064
Current assets
Debtors
7
12,689
28,497
Cash at bank and in hand
704,327
480,334
---------
---------
717,016
508,831
Creditors: amounts falling due within one year
8
193,563
122,791
---------
---------
Net current assets
523,453
386,040
---------
---------
Total assets less current liabilities
538,703
424,104
---------
---------
Net assets
538,703
424,104
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
538,603
424,004
---------
---------
Shareholders funds
538,703
424,104
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Leighton Coachworks Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 8 August 2024 , and are signed on behalf of the board by:
Ms V Holt
Director
Company registration number: 08785875
Leighton Coachworks Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite 3, Bignell Park Barns, Chesterton, Oxfordshire, OX26 1TD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Machinery
-
15% reducing balance
Motor Vehicles
-
25% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 14 (2023: 16 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2023 and 31 March 2024
200,000
---------
Amortisation
At 1 April 2023
180,000
Charge for the year
20,000
---------
At 31 March 2024
200,000
---------
Carrying amount
At 31 March 2024
---------
At 31 March 2023
20,000
---------
6. Tangible assets
Plant and machinery
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023 and 31 March 2024
53,399
13,010
66,409
--------
--------
--------
Depreciation
At 1 April 2023
36,377
11,968
48,345
Charge for the year
2,554
260
2,814
--------
--------
--------
At 31 March 2024
38,931
12,228
51,159
--------
--------
--------
Carrying amount
At 31 March 2024
14,468
782
15,250
--------
--------
--------
At 31 March 2023
17,022
1,042
18,064
--------
--------
--------
7. Debtors
2024
2023
£
£
Trade debtors
12,689
28,497
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
79,209
70,592
Corporation tax
60,789
8,602
Social security and other taxes
47,199
38,662
Other creditors
6,366
4,935
---------
---------
193,563
122,791
---------
---------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Ms V Holt
( 2,755)
( 2,755)
-------
----
-------
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Ms V Holt
( 2,246)
( 509)
( 2,755)
-------
----
-------