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Company Registration No. 11198170 (England and Wales)
L & G Coaches Ltd Unaudited accounts for the year ended 29 February 2024
L & G Coaches Ltd Unaudited accounts Contents
Page
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L & G Coaches Ltd Company Information for the year ended 29 February 2024
Director
Lee Cook
Company Number
11198170 (England and Wales)
Registered Office
L & G Coaches Unit 20 Penshaw Way, Birtley Chester le Street County Durham DH3 2SA England
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L & G Coaches Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
176,495 
220,000 
Current assets
Debtors
57,448 
177,854 
Cash at bank and in hand
140,312 
- 
197,760 
177,854 
Creditors: amounts falling due within one year
(85,625)
(106,806)
Net current assets
112,135 
71,048 
Net assets
288,630 
291,048 
Capital and reserves
Profit and loss account
288,630 
291,048 
Shareholders' funds
288,630 
291,048 
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 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 26 November 2024 and were signed on its behalf by
Lee Cook Director Company Registration No. 11198170
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L & G Coaches Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
L & G Coaches Ltd is a private company, limited by shares, registered in England and Wales, registration number 11198170. The registered office is L & G Coaches, Unit 20, Penshaw Way, Birtley, Chester le Street, County Durham, DH3 2SA, 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 year, 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
20 SL %
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 March 2023
275,000 
Additions
14,495 
At 29 February 2024
289,495 
Depreciation
At 1 March 2023
55,000 
Charge for the year
58,000 
At 29 February 2024
113,000 
Net book value
At 29 February 2024
176,495 
At 28 February 2023
220,000 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
57,448 
177,854 
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L & G Coaches Ltd Notes to the Accounts for the year ended 29 February 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
(7,939)
- 
Taxes and social security
9,710 
- 
Other creditors
83,854 
106,806 
85,625 
106,806 
7
Average number of employees
During the year the average number of employees was 6 (2023: 0).
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