1 March 2023 false No description of principal activity Taxfiler 2024.6 10574344business:PrivateLimitedCompanyLtd2023-03-012024-02-28 105743442023-02-28 105743442023-03-012024-02-28 10574344business:AuditExempt-NoAccountantsReport2023-03-012024-02-28 10574344business:FilletedAccounts2023-03-012024-02-28 105743442024-02-28 10574344business:Director12023-03-012024-02-28 10574344business:RegisteredOffice2023-03-012024-02-28 105743442023-02-28 10574344core:WithinOneYear2024-02-28 10574344core:WithinOneYear2023-02-28 10574344core:AfterOneYear2024-02-28 10574344core:AfterOneYear2023-02-28 10574344core:ShareCapitalcore:PreviouslyStatedAmount2024-02-28 10574344core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 10574344core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-02-28 10574344core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 10574344core:PreviouslyStatedAmount2024-02-28 10574344core:PreviouslyStatedAmount2023-02-28 10574344business:SmallEntities2023-03-012024-02-28 10574344countries:EnglandWales2023-03-012024-02-28 10574344core:MotorVehicles2023-03-012024-02-28 10574344core:MotorVehicles2023-02-28 10574344core:ComputerEquipment2023-02-28 10574344core:ComputerEquipment2023-03-012024-02-28 10574344core:MotorVehicles2024-02-28 10574344core:ComputerEquipment2024-02-28 105743442022-03-012023-02-28 iso4217:GBP xbrli:pure
Company Registration No. 10574344 (England and Wales)
FAREDEAL COACHES LTD Unaudited accounts for the period from 1 March 2023 to 28 February 2024
FAREDEAL COACHES LTD Unaudited accounts Contents
Page
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FAREDEAL COACHES LTD Company Information for the period from 1 March 2023 to 28 February 2024
Director
FARAS KHAN
Company Number
10574344 (England and Wales)
Registered Office
ALMACROFT SILVERHILL ROAD BRADFORD BD3 7EP ENGLAND
Accountants
Mayden Group Limited Chartered Certified Accountants 114-116 Manningham Lane Bradford West Yorkshire BD8 7JF
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FAREDEAL COACHES LTD Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
122,074 
253,635 
Current assets
Debtors
65,137 
52,625 
Cash at bank and in hand
97,617 
56,174 
162,754 
108,799 
Creditors: amounts falling due within one year
(22,637)
(69,052)
Net current assets
140,117 
39,747 
Total assets less current liabilities
262,191 
293,382 
Creditors: amounts falling due after more than one year
(134,394)
(194,607)
Net assets
127,797 
98,775 
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
127,793 
98,771 
Shareholders' funds
127,797 
98,775 
For the period ending 28 February 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 7 August 2024 and were signed on its behalf by
FARAS KHAN Director Company Registration No. 10574344
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FAREDEAL COACHES LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
FAREDEAL COACHES LTD is a private company, limited by shares, registered in England and Wales, registration number 10574344. The registered office is ALMACROFT, SILVERHILL ROAD, BRADFORD, BD3 7EP, ENGLAND.
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 period, 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:
Motor vehicles
15% reducing balance method.
4
Tangible fixed assets
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
383,493 
3,937 
387,430 
Additions
(110,400)
- 
(110,400)
At 28 February 2024
273,093 
3,937 
277,030 
Depreciation
At 1 March 2023
132,511 
1,284 
133,795 
Charge for the period
37,263 
398 
37,661 
On disposals
(16,500)
- 
(16,500)
At 28 February 2024
153,274 
1,682 
154,956 
Net book value
At 28 February 2024
119,819 
2,255 
122,074 
At 28 February 2023
250,982 
2,653 
253,635 
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FAREDEAL COACHES LTD Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
29,639 
28,173 
Trade debtors
35,498 
24,452 
65,137 
52,625 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
3,929 
18,586 
Taxes and social security
18,708 
24,793 
Loans from directors
- 
25,673 
22,637 
69,052 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
37,076 
Obligations under finance leases and hire purchase contracts
134,394 
157,531 
134,394 
194,607 
8
Average number of employees
During the period the average number of employees was 5 (2023: 5).
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