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REGISTERED NUMBER: 01861889 (England and Wales)















BIRMINGHAM INTERNATIONAL COACHES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 OCTOBER 2024






BIRMINGHAM INTERNATIONAL COACHES LIMITED (REGISTERED NUMBER: 01861889)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BIRMINGHAM INTERNATIONAL COACHES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: M. P. Watkiss
A. D. Watkiss
N. P. Watkiss
Mrs L. Watkiss
Mrs M. Watkiss
Mrs N. Watkiss





SECRETARY: M. P. Watkiss





REGISTERED OFFICE: 10 Fortnum Close
Tile Cross
Birmingham
West Midlands
B33 0JT





REGISTERED NUMBER: 01861889 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

BIRMINGHAM INTERNATIONAL COACHES LIMITED (REGISTERED NUMBER: 01861889)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,013,162 2,869,940

CURRENT ASSETS
Stocks 20,544 18,556
Debtors 5 360,548 388,683
Cash at bank 826,020 336,119
1,207,112 743,358
CREDITORS
Amounts falling due within one year 6 641,106 517,435
NET CURRENT ASSETS 566,006 225,923
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,579,168

3,095,863

CREDITORS
Amounts falling due after more than one year 7 (730,794 ) (717,163 )

PROVISIONS FOR LIABILITIES (753,290 ) (670,025 )
NET ASSETS 2,095,084 1,708,675

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 2,094,982 1,708,573
SHAREHOLDERS' FUNDS 2,095,084 1,708,675

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

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 3 December 2024 and were signed on its behalf by:




M. P. Watkiss - Director


BIRMINGHAM INTERNATIONAL COACHES LIMITED (REGISTERED NUMBER: 01861889)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Birmingham International Coaches 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Motor vehicles - at varying rates on cost
Computer equipment - 33% on 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

BIRMINGHAM INTERNATIONAL COACHES LIMITED (REGISTERED NUMBER: 01861889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2023 88,490 5,343,324 11,839 5,443,653
Additions - 747,001 - 747,001
Disposals - (648,954 ) - (648,954 )
At 31 October 2024 88,490 5,441,371 11,839 5,541,700
DEPRECIATION
At 1 November 2023 71,196 2,492,877 9,640 2,573,713
Charge for year 8,092 514,912 1,495 524,499
Eliminated on disposal - (569,674 ) - (569,674 )
At 31 October 2024 79,288 2,438,115 11,135 2,528,538
NET BOOK VALUE
At 31 October 2024 9,202 3,003,256 704 3,013,162
At 31 October 2023 17,294 2,850,447 2,199 2,869,940

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 November 2023 2,403,503
Additions 550,000
Transfer to ownership (611,995 )
At 31 October 2024 2,341,508
DEPRECIATION
At 1 November 2023 596,740
Charge for year 188,317
Transfer to ownership (269,400 )
At 31 October 2024 515,657
NET BOOK VALUE
At 31 October 2024 1,825,851
At 31 October 2023 1,806,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 325,761 298,479
Other debtors 34,787 90,204
360,548 388,683

BIRMINGHAM INTERNATIONAL COACHES LIMITED (REGISTERED NUMBER: 01861889)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,400 9,800
Hire purchase contracts (see note 8) 359,278 386,811
Trade creditors 91,654 97,395
Taxation and social security 152,896 8,360
Other creditors 26,878 15,069
641,106 517,435

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 10,355 20,946
Hire purchase contracts (see note 8) 720,439 696,217
730,794 717,163

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.10.24 31.10.23
£    £   
Net obligations repayable:
Within one year 359,278 386,811
Between one and five years 720,439 696,217
1,079,717 1,083,028

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Hire purchase contracts 1,079,717 1,083,028