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
FAREDEAL COACHES LTD
Company Information
for the period from 1 March 2023 to 28 February 2024
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
FAREDEAL COACHES LTD
Statement of financial position
as at 28 February 2024
Tangible assets
122,074
253,635
Cash at bank and in hand
97,617
56,174
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)
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
FAREDEAL COACHES LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
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.
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.
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:
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
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
At 28 February 2024
119,819
2,255
122,074
At 28 February 2023
250,982
2,653
253,635
FAREDEAL COACHES LTD
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
Amounts falling due within one year
Trade debtors
35,498
24,452
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
134,394
157,531
8
Average number of employees
During the period the average number of employees was 5 (2023: 5).