IRIS Accounts Production v24.1.0.578 03909981 Board of Directors 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh039099812023-04-30039099812024-04-30039099812023-05-012024-04-30039099812022-04-30039099812022-05-012023-04-30039099812023-04-3003909981ns15:EnglandWales2023-05-012024-04-3003909981ns14:PoundSterling2023-05-012024-04-3003909981ns10:Director12023-05-012024-04-3003909981ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3003909981ns10:SmallEntities2023-05-012024-04-3003909981ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3003909981ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3003909981ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3003909981ns10:FullAccounts2023-05-012024-04-3003909981ns10:Director22023-05-012024-04-3003909981ns10:Director32023-05-012024-04-3003909981ns10:CompanySecretary12023-05-012024-04-3003909981ns10:RegisteredOffice2023-05-012024-04-3003909981ns5:CurrentFinancialInstruments2024-04-3003909981ns5:CurrentFinancialInstruments2023-04-3003909981ns5:PlantMachinery2023-05-012024-04-3003909981ns5:FurnitureFittings2023-05-012024-04-3003909981ns5:MotorVehicles2023-05-012024-04-3003909981ns5:ComputerEquipment2023-05-012024-04-3003909981ns5:PlantMachinery2023-04-3003909981ns5:FurnitureFittings2023-04-3003909981ns5:MotorVehicles2023-04-3003909981ns5:ComputerEquipment2023-04-3003909981ns5:PlantMachinery2024-04-3003909981ns5:FurnitureFittings2024-04-3003909981ns5:MotorVehicles2024-04-3003909981ns5:ComputerEquipment2024-04-3003909981ns5:PlantMachinery2023-04-3003909981ns5:FurnitureFittings2023-04-3003909981ns5:MotorVehicles2023-04-3003909981ns5:ComputerEquipment2023-04-3003909981ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3003909981ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 03909981 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

KENT COACH TOURS LTD

KENT COACH TOURS LTD (REGISTERED NUMBER: 03909981)






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


KENT COACH TOURS LTD

COMPANY INFORMATION
for the Year Ended 30 April 2024







DIRECTORS: Mr A M Farmer
Mr B M Farmer
Mrs A O Farmer





SECRETARY: Mr A M Farmer





REGISTERED OFFICE: The Coach Station
Malcolm Sargent Road
Ashford
Kent
TN23 6JW





REGISTERED NUMBER: 03909981 (England and Wales)





ACCOUNTANTS: MMP Accounting Solutions Ltd
Unit 34 Basepoint
Shearway Business Park
Folkestone
Kent
CT19 4RH

KENT COACH TOURS LTD (REGISTERED NUMBER: 03909981)

BALANCE SHEET
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 42,768 102,123
Investment property 5 790,080 1,810,000
832,848 1,912,123

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 51,623 66,497
Cash at bank 4,313,030 2,745,112
4,366,153 2,813,109
CREDITORS
Amounts falling due within one year 7 275,997 183,065
NET CURRENT ASSETS 4,090,156 2,630,044
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,923,004

4,542,167

PROVISIONS FOR LIABILITIES 60,195 123,847
NET ASSETS 4,862,809 4,418,320

CAPITAL AND RESERVES
Called up share capital 800 800
Capital redemption reserve 250 250
Retained earnings 4,861,759 4,417,270
SHAREHOLDERS' FUNDS 4,862,809 4,418,320

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.

KENT COACH TOURS LTD (REGISTERED NUMBER: 03909981)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2024 and were signed on its behalf by:





Mr A M Farmer - Director


KENT COACH TOURS LTD (REGISTERED NUMBER: 03909981)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Kent Coach Tours 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 as modified by the revaluation of certain assets.

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.
Computers - 33% on cost
Plant and machinery - 25% on cost
Motor vehicles - 25% on reducing balance
Motor coaches - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 Statement of Income and Retained Earnings, 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.

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.

KENT COACH TOURS LTD (REGISTERED NUMBER: 03909981)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Motor
Computers machinery vehicles coaches Totals
£    £    £    £    £   
COST
At 1 May 2023 2,224 14,877 7,250 640,927 665,278
Disposals - - - (313,187 ) (313,187 )
At 30 April 2024 2,224 14,877 7,250 327,740 352,091
DEPRECIATION
At 1 May 2023 1,627 7,438 5,195 548,895 563,155
Charge for year 433 3,720 514 12,448 17,115
Eliminated on disposal - - - (270,947 ) (270,947 )
At 30 April 2024 2,060 11,158 5,709 290,396 309,323
NET BOOK VALUE
At 30 April 2024 164 3,719 1,541 37,344 42,768
At 30 April 2023 597 7,439 2,055 92,032 102,123

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 1,810,000
Additions 5,073
Disposals (1,024,993 )
At 30 April 2024 790,080
NET BOOK VALUE
At 30 April 2024 790,080
At 30 April 2023 1,810,000

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2013 632,657
Valuation in 2020 1,327,343
Valuation in 2022 140,000
Valuation in 2023 (290,000 )
Valuation in 2024 (1,019,920 )
790,080

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 13,505 13,630
Other debtors 23,000 23,457
VAT - 2,823
Prepayments 15,118 26,587
51,623 66,497

KENT COACH TOURS LTD (REGISTERED NUMBER: 03909981)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 13,418 14,591
Tax 190,862 86,161
VAT 7,933 -
Other creditors 136 125
Directors' current accounts 54,399 70,305
Deferred income 4,299 8,598
Accrued expenses 4,950 3,285
275,997 183,065

8. TRANSACTIONS WITH DIRECTORS

The company paid rent of £30,000 per annum (2023: £30,000) to a partnership consisting of Mr A M Farmer, and Mr B M Farmer who are directors of Kent Coach Tours Limited.