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Company Registration No. 05021863 (England and Wales)
Safeway Coaches Limited Unaudited accounts for the year ended 29 February 2024
Safeway Coaches Limited Unaudited accounts Contents
Page
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Safeway Coaches Limited Company Information for the year ended 29 February 2024
Directors
Munaver Tai Anwar Tai
Company Number
05021863 (England and Wales)
Registered Office
82-84 TALBOT STREET BATLEY WEST YORKSHIRE WF17 5AJ
Accountants
AMS Accountants SBU Ltd Wesley Place Wellington Road Dewsbury WF13 1HD
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Safeway Coaches Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
23,750 
28,500 
Tangible assets
164,160 
160,022 
187,910 
188,522 
Current assets
Debtors
22,786 
14,443 
Cash at bank and in hand
138,265 
185,356 
161,051 
199,799 
Creditors: amounts falling due within one year
(117,482)
(142,511)
Net current assets
43,569 
57,288 
Net assets
231,479 
245,810 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
231,476 
245,807 
Shareholders' funds
231,479 
245,810 
For the year ending 29 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 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 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 of Directors and authorised for issue on 12 November 2024 and were signed on its behalf by
Munaver Tai Director Company Registration No. 05021863
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Safeway Coaches Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Safeway Coaches Limited is a private company, limited by shares, registered in England and Wales, registration number 05021863. The registered office is 82-84 TALBOT STREET, BATLEY, WEST YORKSHIRE, WF17 5AJ.
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
These financial statements for the year ended 29 February 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 March 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 March 2023
95,000 
At 29 February 2024
95,000 
Amortisation
At 1 March 2023
66,500 
Charge for the year
4,750 
At 29 February 2024
71,250 
Net book value
At 29 February 2024
23,750 
At 28 February 2023
28,500 
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Safeway Coaches Limited Notes to the Accounts for the year ended 29 February 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
78,388 
801,316 
879,704 
Additions
- 
58,383 
58,383 
At 29 February 2024
78,388 
859,699 
938,087 
Depreciation
At 1 March 2023
71,265 
648,417 
719,682 
Charge for the year
1,425 
52,820 
54,245 
At 29 February 2024
72,690 
701,237 
773,927 
Net book value
At 29 February 2024
5,698 
158,462 
164,160 
At 28 February 2023
7,123 
152,899 
160,022 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
22,786 
14,443 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
93,416 
Taxes and social security
16,634 
12,221 
Other creditors
59,284 
17,756 
Loans from directors
41,564 
19,118 
117,482 
142,511 
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).
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