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REGISTERED NUMBER: 03778521 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

P C Coaches of Lincoln Limited

P C Coaches of Lincoln Limited (Registered number: 03778521)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


P C Coaches of Lincoln Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: M J Andrews
G P Smith
S R Traynor
S A Westney





SECRETARY: P A Reeve FCCA





REGISTERED OFFICE: 17 Crofton Road
Allenby Industrial Estate
Lincoln
Lincolnshire
LN3 4NL





REGISTERED NUMBER: 03778521 (England and Wales)





ACCOUNTANTS: Reeve & Co
Chartered Certified Accountants
Unit 14 Oak House
Witham Park
Waterside South
Lincoln
LN5 7FB

P C Coaches of Lincoln Limited (Registered number: 03778521)

Balance Sheet
31 July 2024

31.7.23 31.7.24
£    £    Notes £    £   
FIXED ASSETS
3,638,752 Tangible assets 4 3,568,695
1,000 Investments 5 1,000
3,639,752 3,569,695

CURRENT ASSETS
58,058 Stocks 122,683
1,061,438 Debtors 6 1,110,441
743,438 Cash at bank and in hand 210,328
1,862,934 1,443,452
CREDITORS
1,372,262 Amounts falling due within one year 7 1,016,488
490,672 NET CURRENT ASSETS 426,964
4,130,424 TOTAL ASSETS LESS CURRENT LIABILITIES 3,996,659

CREDITORS
(342,787 ) Amounts falling due after more than one
year

8

(203,975

)

(646,500 ) PROVISIONS FOR LIABILITIES (881,000 )
3,141,137 NET ASSETS 2,911,684

CAPITAL AND RESERVES
10,000 Called up share capital 10,000
3,131,137 Retained earnings 2,901,684
3,141,137 SHAREHOLDERS' FUNDS 2,911,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

P C Coaches of Lincoln Limited (Registered number: 03778521)

Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 December 2024 and were signed on its behalf by:





S R Traynor - Director


P C Coaches of Lincoln Limited (Registered number: 03778521)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

P C Coaches of Lincoln Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost, 15% on reducing balance and at varying rates on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

P C Coaches of Lincoln Limited (Registered number: 03778521)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 112 (2023 - 98 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 11,778,397
Additions 989,009
Disposals (562,233 )
At 31 July 2024 12,205,173
DEPRECIATION
At 1 August 2023 8,139,645
Charge for year 823,576
Eliminated on disposal (326,743 )
At 31 July 2024 8,636,478
NET BOOK VALUE
At 31 July 2024 3,568,695
At 31 July 2023 3,638,752

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 1,000
NET BOOK VALUE
At 31 July 2024 1,000
At 31 July 2023 1,000

P C Coaches of Lincoln Limited (Registered number: 03778521)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 836,767 723,484
Other debtors 273,674 337,954
1,110,441 1,061,438

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 208,541 208,541
Trade creditors 203,284 308,258
Taxation and social security 481,512 309,551
Other creditors 123,151 545,912
1,016,488 1,372,262

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 203,975 342,787