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Company Registration No. 08374191 (England and Wales)
RED EAGLE BUSES LIMITED Unaudited accounts for the year ended 31 January 2024
RED EAGLE BUSES LIMITED Unaudited accounts Contents
Page
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RED EAGLE BUSES LIMITED Company Information for the year ended 31 January 2024
Director
Sardar Ali KHAN
Company Number
08374191 (England and Wales)
Registered Office
7 VALE ROAD AYLESBURY BUCKINGHAMSHIRE HP20 1JA
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RED EAGLE BUSES LIMITED Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
239,321 
115,824 
Current assets
Debtors
2,107,339 
1,044,189 
Cash at bank and in hand
229,102 
619,576 
2,336,441 
1,663,765 
Creditors: amounts falling due within one year
(1,603,268)
(1,308,873)
Net current assets
733,173 
354,892 
Net assets
972,494 
470,716 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
972,394 
470,616 
Shareholders' funds
972,494 
470,716 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 October 2024 and were signed on its behalf by
Sardar Ali KHAN Director Company Registration No. 08374191
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RED EAGLE BUSES LIMITED Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
RED EAGLE BUSES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08374191. The registered office is 7 VALE ROAD, AYLESBURY, BUCKINGHAMSHIRE, HP20 1JA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Computer equipment
33% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four years.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2023
10,000 
At 31 January 2024
10,000 
Amortisation
At 1 February 2023
10,000 
At 31 January 2024
10,000 
Net book value
At 31 January 2024
- 
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RED EAGLE BUSES LIMITED Notes to the Accounts for the year ended 31 January 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2023
1,223,850 
1,900 
13,151 
1,238,901 
Additions
198,500 
- 
- 
198,500 
Disposals
- 
(1,900)
(13,151)
(15,051)
At 31 January 2024
1,422,350 
- 
- 
1,422,350 
Depreciation
At 1 February 2023
1,108,026 
1,900 
13,151 
1,123,077 
Charge for the year
75,003 
- 
- 
75,003 
On disposals
- 
(1,900)
(13,151)
(15,051)
At 31 January 2024
1,183,029 
- 
- 
1,183,029 
Net book value
At 31 January 2024
239,321 
- 
- 
239,321 
At 31 January 2023
115,824 
- 
- 
115,824 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
66,829 
66,089 
Other debtors
254,500 
228,100 
321,329 
294,189 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,786,010 
750,000 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
129,051 
44,523 
Other creditors
500,018 
491,159 
Loans from directors
521,199 
554,359 
Accruals
203,000 
- 
Deferred income
250,000 
218,832 
1,603,268 
1,308,873 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
Included in other creditors is the amount of £521,199 (2023: £554,359) due to the director, Mr S A Khan.
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RED EAGLE BUSES LIMITED Notes to the Accounts for the year ended 31 January 2024
10
Controlling party
Mr S A Khan and Mrs S M Khan are the ultimate controlling party by virtue of their shareholding in the company.
11
Average number of employees
During the year the average number of employees was 48 (2023: 48).
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