IRIS Accounts Production v24.2.0.383 04663618 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046636182023-04-30046636182024-04-30046636182023-05-012024-04-30046636182022-04-30046636182022-05-012023-04-30046636182023-04-3004663618ns15:EnglandWales2023-05-012024-04-3004663618ns14:PoundSterling2023-05-012024-04-3004663618ns10:Director12023-05-012024-04-3004663618ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3004663618ns10:SmallEntities2023-05-012024-04-3004663618ns10:AuditExemptWithAccountantsReport2023-05-012024-04-3004663618ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3004663618ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3004663618ns10:FullAccounts2023-05-012024-04-3004663618ns10:Director22023-05-012024-04-3004663618ns10:RegisteredOffice2023-05-012024-04-3004663618ns5:CurrentFinancialInstruments2024-04-3004663618ns5:CurrentFinancialInstruments2023-04-3004663618ns5:Non-currentFinancialInstruments2024-04-3004663618ns5:Non-currentFinancialInstruments2023-04-3004663618ns5:ShareCapital2024-04-3004663618ns5:ShareCapital2023-04-3004663618ns5:RetainedEarningsAccumulatedLosses2024-04-3004663618ns5:RetainedEarningsAccumulatedLosses2023-04-3004663618ns5:PlantMachinery2023-05-012024-04-3004663618ns5:FurnitureFittings2023-05-012024-04-3004663618ns5:MotorVehicles2023-05-012024-04-3004663618ns5:LandBuildings2023-04-3004663618ns5:PlantMachinery2023-04-3004663618ns5:LandBuildings2023-05-012024-04-3004663618ns5:LandBuildings2024-04-3004663618ns5:PlantMachinery2024-04-3004663618ns5:LandBuildings2023-04-3004663618ns5:PlantMachinery2023-04-3004663618ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3004663618ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 04663618 (England and Wales)












Financial Statements

for the Year Ended 30 April 2024

for

TOWLERS COACHES LTD

TOWLERS COACHES LTD (REGISTERED NUMBER: 04663618)






Contents of the Financial Statements
for the Year Ended 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

TOWLERS COACHES LTD

Company Information
for the Year Ended 30 APRIL 2024







DIRECTORS: G D Salter
M A Salter





REGISTERED OFFICE: Windmill Garage
34 Wisbech Road
Long Sutton
Spalding
PE12 9AG





REGISTERED NUMBER: 04663618 (England and Wales)





ACCOUNTANTS: Robson Downing
26 Bolingbroke Road
Norwich
Norfolk
NR3 2SH

TOWLERS COACHES LTD (REGISTERED NUMBER: 04663618)

Balance Sheet
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 64,287 78,044

CURRENT ASSETS
Debtors 5 28,975 16,026
Cash at bank 11,275 19,554
40,250 35,580
CREDITORS
Amounts falling due within one year 6 101,548 108,684
NET CURRENT LIABILITIES (61,298 ) (73,104 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,989

4,940

CREDITORS
Amounts falling due after more than one
year

7

(31,327

)

(49,259

)

PROVISIONS FOR LIABILITIES (14,997 ) (18,436 )
NET LIABILITIES (43,335 ) (62,755 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (43,435 ) (62,855 )
(43,335 ) (62,755 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

TOWLERS COACHES LTD (REGISTERED NUMBER: 04663618)

Balance Sheet - continued
30 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 9 September 2024 and were signed on its behalf by:





G D Salter - Director


TOWLERS COACHES LTD (REGISTERED NUMBER: 04663618)

Notes to the Financial Statements
for the Year Ended 30 APRIL 2024

1. STATUTORY INFORMATION

Towlers Coaches Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Coaches - 25% on reducing balance
Furniture & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 10 ) .

TOWLERS COACHES LTD (REGISTERED NUMBER: 04663618)

Notes to the Financial Statements - continued
for the Year Ended 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 4,300 366,800 371,100
Additions - 9,345 9,345
Disposals - (56,464 ) (56,464 )
At 30 April 2024 4,300 319,681 323,981
DEPRECIATION
At 1 May 2023 - 293,056 293,056
Charge for year - 20,069 20,069
Charge written back - (53,431 ) (53,431 )
At 30 April 2024 - 259,694 259,694
NET BOOK VALUE
At 30 April 2024 4,300 59,987 64,287
At 30 April 2023 4,300 73,744 78,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 25,812 11,805
Other debtors 3,163 4,221
28,975 16,026

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 6,717 11,880
Hire purchase contracts - 28,709
Trade creditors 64,075 59,256
Taxation and social security 13,220 4,607
Other creditors 17,536 4,232
101,548 108,684

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 31,327 46,629
Hire purchase contracts - 2,630
31,327 49,259

TOWLERS COACHES LTD

Report of the Accountants to the Directors of
Towlers Coaches Ltd

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 April 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Robson Downing
26 Bolingbroke Road
Norwich
Norfolk
NR3 2SH


9 September 2024