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Registered Number: SC245742
Scotland

 

 

 

SALMONDS MINI-COACH HIRE LTD


Abridged Accounts
 


Period of accounts

Start date: 01 June 2023

End date: 31 May 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 955,765    759,491 
955,765    759,491 
Current assets      
Debtors 197,818    148,018 
Cash at bank and in hand 96,039    226,821 
293,857    374,839 
Creditors: amount falling due within one year (181,307)   (184,218)
Net current assets 112,550    190,621 
 
Total assets less current liabilities 1,068,315    950,112 
Creditors: amount falling due after more than one year (152,810)   (159,484)
Provisions for liabilities (150,709)   (144,302)
Net assets 764,796    646,326 
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account 764,794    646,324 
Shareholders' funds 764,796    646,326 
 


For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 02 October 2024 and were signed by:


-------------------------------
Steven Salmond
Director
1
General Information
Salmonds Mini-Coach Hire Ltd is a private company, limited by shares, registered in Scotland, registration number SC245742, registration address The Yard,, Levenseat,, Fauldhouse, EH47 9AD.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the  ProfitLossAccount over the expected useful life of the assets. Grants received towards revenue expenditure are released to the ProfitLossAccount as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Tenants Improvements 10 Straight Line
Plant and Machinery 20% Reducing Balance
Motor Vehicles 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 25 (2023 : 27).
3.

Tangible fixed assets

Cost or valuation Tenants Improvements   Plant and Machinery   Motor Vehicles   Total
  £   £   £   £
At 01 June 2023 41,890    191,719    1,595,493    1,829,102 
Additions 37,920    37,299    330,642    405,861 
Disposals      
At 31 May 2024 79,810    229,018    1,926,135    2,234,963 
Depreciation
At 01 June 2023 41,138    90,588    937,962    1,069,688 
Charge for year 3,886    14,665    190,959    209,510 
On disposals      
At 31 May 2024 45,024    105,253    1,128,921    1,279,198 
Net book values
Closing balance as at 31 May 2024 34,786    123,765    797,214    955,765 
Opening balance as at 01 June 2023 752    101,208    657,531    759,491 


2