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
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
Safeway Coaches Limited
Statement of financial position
as at 29 February 2024
Intangible assets
23,750
28,500
Tangible assets
164,160
160,022
Cash at bank and in hand
138,265
185,356
Creditors: amounts falling due within one year
(117,482)
(142,511)
Net current assets
43,569
57,288
Net assets
231,479
245,810
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
Safeway Coaches Limited
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 29 February 2024
95,000
At 29 February 2024
71,250
At 29 February 2024
23,750
At 28 February 2023
28,500
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
At 29 February 2024
78,388
859,699
938,087
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
At 29 February 2024
5,698
158,462
164,160
At 28 February 2023
7,123
152,899
160,022
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
8
Average number of employees
During the year the average number of employees was 10 (2023: 10).