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Registered number: 04072203
Star Cars & Coaches Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04072203
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 891,883 300,320
891,883 300,320
CURRENT ASSETS
Debtors 5 1,512,767 1,097,039
Cash at bank and in hand 74,458 354,774
1,587,225 1,451,813
Creditors: Amounts Falling Due Within One Year 6 (976,220 ) (615,510 )
NET CURRENT ASSETS (LIABILITIES) 611,005 836,303
TOTAL ASSETS LESS CURRENT LIABILITIES 1,502,888 1,136,623
Creditors: Amounts Falling Due After More Than One Year 7 (544,594 ) (480,715 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (75,906 ) (44,760 )
NET ASSETS 882,388 611,148
CAPITAL AND RESERVES
Called up share capital 9 2,200 2,200
Profit and Loss Account 880,188 608,948
SHAREHOLDERS' FUNDS 882,388 611,148
Page 1
Page 2
For the year ending 31 March 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs J A Markham
Director
13 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Star Cars & Coaches Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04072203 . The registered office is 718 Chester Road Erdington, Birmingham, West Midlands, B23 5TE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover predominantly comprises revenue earned from the provision of transportation.  This revenue is recognised on delivery.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 24 (2023: 22)
24 22
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4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 46,045 217,402 101,441 231,831 596,719
Additions 518,899 154,575 2,414 41,817 717,705
As at 31 March 2024 564,944 371,977 103,855 273,648 1,314,424
Depreciation
As at 1 April 2023 34,094 56,110 81,502 124,693 296,399
Provided during the period 9,844 75,791 3,051 37,456 126,142
As at 31 March 2024 43,938 131,901 84,553 162,149 422,541
Net Book Value
As at 31 March 2024 521,006 240,076 19,302 111,499 891,883
As at 1 April 2023 11,951 161,292 19,939 107,138 300,320
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 201,968 13,422
201,968 13,422
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 656,184 408,840
Prepayments and accrued income 32,530 37,473
Other debtors 550,918 489,782
Corporation tax recoverable assets 33,042 33,042
Directors' loan accounts 240,093 127,902
1,512,767 1,097,039
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6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 102,171 5,999
Trade creditors 20,090 66,058
Bank loans and overdrafts 620,873 323,740
Other taxes and social security 124,360 118,348
Other creditors 11,046 10,860
Accruals and deferred income 97,680 90,505
976,220 615,510
Creditors due within one year include an amount of £41,667 (2023: £41,667) due to Nucleus Finance secured by way of a charge over the assets of the company.
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 108,944 -
Bank loans 435,650 480,715
544,594 480,715
Creditors due after one year include an amount of £17,361 (2023: £59,028) due to Nucleus Finance secured by way of a charge over the assets of the company.
8. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 102,171 5,999
Later than one year and not later than five years 108,944 -
211,115 5,999
211,115 5,999
9. Share Capital
2024
2023
£
£
1,500 Ordinary A shares of £1 each
1,500
1,500
500 Ordinary B shares of £1 each
500
500
200 Ordinary C shares of £1 each
200
image
200
image
2,200
image
2,200
image
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10. Directors Advances, Credits and Guarantees
Included within other debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mrs Emma Chapman - 68,010 - - 68,010
Mrs Jacqueline Markham 127,902 44,181 - - 172,083
The above loans were subject to interest at a rate of 2.25%.  They were cleared in full on 30 April 2024.
11. Related Party Transactions
Within other debtors is an amount of £444,200 (2023: £384,000) due from JEM PH Enterprises Ltd, a company under common ownership.
Within other debtors is an amount of £41,287 due from M Walker a shareholder of the company.  This loan was repaid in full on 30 April 2024.
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