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REGISTERED NUMBER: 09530564 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

CUMBRIA CLASSIC COACHES LIMITED

CUMBRIA CLASSIC COACHES LIMITED (REGISTERED NUMBER: 09530564)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CUMBRIA CLASSIC COACHES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: W Hamer
A C Morriss





REGISTERED OFFICE: Bowber Head
Ravenstonedale
Kirkby Stephen
Cumbria
CA17 4NL





REGISTERED NUMBER: 09530564 (England and Wales)





ACCOUNTANTS: John Andrew Chartered Accountants
17-19 Market Street
KIRKBY STEPHEN
Cumbria
CA17 4QS

CUMBRIA CLASSIC COACHES LIMITED (REGISTERED NUMBER: 09530564)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,938 6,188
Property, plant and equipment 5 99,409 118,250
103,347 124,438

CURRENT ASSETS
Debtors 6 27,277 29,819
Cash at bank and in hand 96,066 99,440
123,343 129,259
CREDITORS
Amounts falling due within one year 7 34,643 67,314
NET CURRENT ASSETS 88,700 61,945
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,047

186,383

CREDITORS
Amounts falling due after more than one
year

8

(13,797

)

-

PROVISIONS FOR LIABILITIES 9 - (953 )
NET ASSETS 178,250 185,430

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 177,950 185,130
SHAREHOLDERS' FUNDS 178,250 185,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

CUMBRIA CLASSIC COACHES LIMITED (REGISTERED NUMBER: 09530564)

Balance Sheet - continued
31 December 2023


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 19 September 2024 and were signed on its behalf by:




A C Morriss - Director



W Hamer - Director


CUMBRIA CLASSIC COACHES LIMITED (REGISTERED NUMBER: 09530564)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

Cumbria Classic Coaches 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 the value net of value added tax and discounts of work carried out in respect of goods and services provided to customers.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Classic vehicles are depreciated as for motor vehicles over their estimated useful economic life after taking into account their estimated residual value.

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.

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.

CUMBRIA CLASSIC COACHES LIMITED (REGISTERED NUMBER: 09530564)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 22,500
AMORTISATION
At 1 January 2023 16,312
Charge for year 2,250
At 31 December 2023 18,562
NET BOOK VALUE
At 31 December 2023 3,938
At 31 December 2022 6,188

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 8,937 20,165 156,848 3,048 188,998
Additions - - 10,000 - 10,000
Disposals - (750 ) (34,198 ) - (34,948 )
At 31 December 2023 8,937 19,415 132,650 3,048 164,050
DEPRECIATION
At 1 January 2023 2,234 14,909 51,198 2,407 70,748
Charge for year 1,117 1,282 7,667 160 10,226
Eliminated on disposal - (617 ) (15,716 ) - (16,333 )
At 31 December 2023 3,351 15,574 43,149 2,567 64,641
NET BOOK VALUE
At 31 December 2023 5,586 3,841 89,501 481 99,409
At 31 December 2022 6,703 5,256 105,650 641 118,250

CUMBRIA CLASSIC COACHES LIMITED (REGISTERED NUMBER: 09530564)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


6. DEBTORS
31/12/23 31/12/22
£    £   
Amounts falling due within one year:
Trade debtors 7,929 14,373
Directors' current accounts 9,540 3,117
VAT - 6,165
Deferred tax asset 2,069 -
Prepayments and accrued income 6,400 3,000
25,938 26,655

Amounts falling due after more than one year:
Loan Debtor 1,339 3,164

Aggregate amounts 27,277 29,819

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 9,390 9,917
Corporation tax 3,197 14,838
Social security and other taxes 3,186 347
VAT 762 -
Directors' current accounts 3,656 27,822
Accruals and deferred income 14,452 14,390
34,643 67,314

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Loan from employee 13,797 -

9. PROVISIONS FOR LIABILITIES
31/12/22
£   
Deferred tax 953

Deferred
tax
£   
Balance at 1 January 2023 953
Provided during year (3,328 )
Change in tax rate
Corrections Prior Year 306
Balance at 31 December 2023 (2,069 )

CUMBRIA CLASSIC COACHES LIMITED (REGISTERED NUMBER: 09530564)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31/12/23 31/12/22
£    £   
A C Morriss
Balance outstanding at start of year 3,117 (6,633 )
Amounts advanced 43,101 24,000
Amounts repaid (36,678 ) (14,250 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,540 3,117

W Hamer
Balance outstanding at start of year (14,288 ) (6,460 )
Amounts advanced 19,369 179
Amounts repaid (8,737 ) (8,007 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,656 ) (14,288 )