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REGISTERED NUMBER: NI034124 (Northern Ireland)












Houston's Coachworks Limited

Unaudited Financial Statements

for the Year Ended 30 June 2024






Houston's Coachworks Limited (Registered number: NI034124)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Houston's Coachworks Limited

Company Information
for the year ended 30 June 2024







DIRECTORS: Mr R Bolton
Mr D T Duncan
Mr D T Duncan
Mrs S L Bolton
Mr R J McAuley





SECRETARY: Mrs S L Bolton





REGISTERED OFFICE: 184 Rashee Road
Ballyclare
BT39 9JB





REGISTERED NUMBER: NI034124 (Northern Ireland)





ACCOUNTANTS: Agnew Mitchell & Cairns
184 Rashee Road
Ballyclare
Co. Antrim
BT39 9JB

Houston's Coachworks Limited (Registered number: NI034124)

Statement of Financial Position
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,449 39,299

CURRENT ASSETS
Stocks 73,329 116,626
Debtors 5 2,742,187 2,464,759
Cash at bank and in hand 293,255 270,533
3,108,771 2,851,918
CREDITORS
Amounts falling due within one year 6 594,716 510,332
NET CURRENT ASSETS 2,514,055 2,341,586
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,568,504

2,380,885

CREDITORS
Amounts falling due after more than one year 7 (10,589 ) -

PROVISIONS FOR LIABILITIES (6,781 ) (2,030 )

ACCRUALS AND DEFERRED INCOME (1,311 ) -
NET ASSETS 2,549,823 2,378,855

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 2,549,821 2,378,853
SHAREHOLDERS' FUNDS 2,549,823 2,378,855

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

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

Houston's Coachworks Limited (Registered number: NI034124)

Statement of Financial Position - continued
30 June 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 15 October 2024 and were signed on its behalf by:




Mr R Bolton - Director Mr D T Duncan - Director




Mr D T Duncan - Director


Houston's Coachworks Limited (Registered number: NI034124)

Notes to the Financial Statements
for the year ended 30 June 2024


1. STATUTORY INFORMATION

Houston's Coachworks Limited is a private company, limited by shares , registered in Northern Ireland. 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.
Plant and machinery etc - 25% on cost, 20% on cost and 2% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Houston's Coachworks Limited (Registered number: NI034124)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued

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 (2023 - 26 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 206,014
Additions 28,935
At 30 June 2024 234,949
DEPRECIATION
At 1 July 2023 166,715
Charge for year 13,785
At 30 June 2024 180,500
NET BOOK VALUE
At 30 June 2024 54,449
At 30 June 2023 39,299

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 527,105 565,371
Amounts owed by group undertakings 2,209,154 1,894,154
Prepayments 5,928 5,234
2,742,187 2,464,759

Houston's Coachworks Limited (Registered number: NI034124)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,702 -
Trade creditors 459,996 357,936
Taxation and social security 93,339 118,549
Other creditors 36,679 33,847
594,716 510,332

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 10,589 -

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary Share £1 2 2