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REGISTERED NUMBER: 01979828 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

YELLOWAY COACHES LIMITED

YELLOWAY COACHES LIMITED (REGISTERED NUMBER: 01979828)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


YELLOWAY COACHES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTOR: M Brook





REGISTERED OFFICE: Unit 5 Palm Bus Centre
Stock Lane
Chadderton
Oldham
Lancashire
OL9 9ER





REGISTERED NUMBER: 01979828 (England and Wales)





ACCOUNTANTS: Cresswells
12 Market Street
Hebden Bridge
West Yorkshire
HX7 6AD

YELLOWAY COACHES LIMITED (REGISTERED NUMBER: 01979828)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,915,144 1,965,617
Investments 6 6,000 6,000
1,921,144 1,971,617

CURRENT ASSETS
Stocks 2,300 -
Debtors 7 165,205 147,499
Investments 8 114,378 155,954
Cash at bank and in hand 144,217 80,411
426,100 383,864
CREDITORS
Amounts falling due within one year 9 544,944 436,377
NET CURRENT LIABILITIES (118,844 ) (52,513 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,802,300

1,919,104

CREDITORS
Amounts falling due after more than
one year

10

(341,014

)

(686,727

)

PROVISIONS FOR LIABILITIES (154,366 ) (125,772 )
NET ASSETS 1,306,920 1,106,605

CAPITAL AND RESERVES
Called up share capital 370 370
Capital redemption reserve 130 130
Retained earnings 1,306,420 1,106,105
SHAREHOLDERS' FUNDS 1,306,920 1,106,605

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

YELLOWAY COACHES LIMITED (REGISTERED NUMBER: 01979828)

BALANCE SHEET - continued
31ST 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 director and authorised for issue on 24th September 2024 and were signed by:





M Brook - Director


YELLOWAY COACHES LIMITED (REGISTERED NUMBER: 01979828)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Yelloway 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill is the difference between the amount paid on the acquisition of a business and the aggregate fair value of its separable net assets. It is being written off in equal annual instalments over its estimated economic life of 10 years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 10% on cost

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 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.

YELLOWAY COACHES LIMITED (REGISTERED NUMBER: 01979828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 21 (2022 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 39,617
AMORTISATION
At 1st January 2023
and 31st December 2023 39,617
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 490,274 2,492,512 2,982,786
Additions - 722,666 722,666
Disposals - (663,355 ) (663,355 )
At 31st December 2023 490,274 2,551,823 3,042,097
DEPRECIATION
At 1st January 2023 29,787 987,382 1,017,169
Charge for year 2,688 213,283 215,971
Eliminated on disposal - (106,187 ) (106,187 )
At 31st December 2023 32,475 1,094,478 1,126,953
NET BOOK VALUE
At 31st December 2023 457,799 1,457,345 1,915,144
At 31st December 2022 460,487 1,505,130 1,965,617

YELLOWAY COACHES LIMITED (REGISTERED NUMBER: 01979828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st January 2023 1,295,175
Disposals (100,000 )
At 31st December 2023 1,195,175
DEPRECIATION
At 1st January 2023 470,328
Charge for year 123,685
Eliminated on disposal (27,493 )
At 31st December 2023 566,520
NET BOOK VALUE
At 31st December 2023 628,655
At 31st December 2022 824,847

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2023
and 31st December 2023 6,000
NET BOOK VALUE
At 31st December 2023 6,000
At 31st December 2022 6,000

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 144,900 107,997
Other debtors 20,305 9,973
165,205 117,970

Amounts falling due after more than one year:
Other debtors - 29,529

Aggregate amounts 165,205 147,499

8. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Other Investments 114,378 155,954

YELLOWAY COACHES LIMITED (REGISTERED NUMBER: 01979828)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 81,500 36,904
Hire purchase contracts 151,675 237,896
Trade creditors 273,715 85,076
Taxation and social security 22,401 50,844
Other creditors 15,653 25,657
544,944 436,377

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 132,994 299,931
Hire purchase contracts 208,020 386,796
341,014 686,727

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 16,360 26,815

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
M Brook
Balance outstanding at start of year - 46,158
Amounts repaid - (46,158 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -