1 April 2023 false No description of principal activity Taxfiler 2024.6 8758110business:PrivateLimitedCompanyLtd2023-04-012024-03-31 87581102023-03-31 87581102023-04-012024-03-31 8758110business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 8758110business:FilletedAccounts2023-04-012024-03-31 87581102024-03-31 8758110business:Director12023-04-012024-03-31 8758110business:Director22023-04-012024-03-31 8758110business:Director32023-04-012024-03-31 8758110business:RegisteredOffice2023-04-012024-03-31 87581102023-03-31 8758110core:WithinOneYear2024-03-31 8758110core:WithinOneYear2023-03-31 8758110core:AfterOneYear2024-03-31 8758110core:AfterOneYear2023-03-31 8758110core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 8758110core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 8758110core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 8758110core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 8758110core:PreviouslyStatedAmount2024-03-31 8758110core:PreviouslyStatedAmount2023-03-31 8758110business:SmallEntities2023-04-012024-03-31 8758110countries:EnglandWales2023-04-012024-03-31 8758110core:PlantMachinery2023-04-012024-03-31 8758110core:MotorVehicles2023-04-012024-03-31 8758110core:ComputerEquipment2023-04-012024-03-31 8758110core:PlantMachinery2023-03-31 8758110core:MotorVehicles2023-03-31 8758110core:ComputerEquipment2023-03-31 8758110core:PlantMachinery2024-03-31 8758110core:MotorVehicles2024-03-31 8758110core:ComputerEquipment2024-03-31 8758110business:OrdinaryShareClass12023-04-012024-03-31 8758110business:OrdinaryShareClass12022-04-012023-03-31 87581102022-04-012023-03-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 8758110 (England and Wales)
RED LINE BUSES LTD Unaudited accounts for the year ended 31 March 2024
RED LINE BUSES LTD Unaudited accounts Contents
Page
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RED LINE BUSES LTD Company Information for the year ended 31 March 2024
Directors
Wali KHAN Parmeena BEGUM Taj Wali KHAN
Company Number
8758110 (England and Wales)
Registered Office
INTERNATIONAL HOUSE 3 GRIFFIN LANE AYLESBURY BUCKINGHAMSHIRE HP19 8BP ENGLAND
Accountants
Aston Accountants Bridge End Bath Road, Taplow Maidenhead SL6 0AR
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RED LINE BUSES LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,181,838 
901,938 
Current assets
Debtors
482,854 
460,402 
Cash at bank and in hand
630,355 
953,222 
1,113,209 
1,413,624 
Creditors: amounts falling due within one year
(452,834)
(1,097,521)
Net current assets
660,375 
316,103 
Total assets less current liabilities
1,842,213 
1,218,041 
Creditors: amounts falling due after more than one year
- 
(50,000)
Net assets
1,842,213 
1,168,041 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,842,113 
1,167,941 
Shareholders' funds
1,842,213 
1,168,041 
For the year ending 31 March 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 16 December 2024 and were signed on its behalf by
Wali KHAN Director Company Registration No. 8758110
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RED LINE BUSES LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
RED LINE BUSES LTD is a private company, limited by shares, registered in England and Wales, registration number 8758110. The registered office is INTERNATIONAL HOUSE, 3 GRIFFIN LANE, AYLESBURY, BUCKINGHAMSHIRE, HP19 8BP, 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:
Plant & machinery
10% at cost
Motor vehicles
10% at cost
Computer equipment
20% at cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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RED LINE BUSES LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
292,815 
1,789,908 
36,585 
2,119,308 
Additions
737,260 
- 
- 
737,260 
Disposals
- 
(250,500)
- 
(250,500)
At 31 March 2024
1,030,075 
1,539,408 
36,585 
2,606,068 
Depreciation
At 1 April 2023
149,552 
1,048,452 
19,366 
1,217,370 
Charge for the year
29,282 
227,667 
7,317 
264,266 
On disposals
- 
(57,406)
- 
(57,406)
At 31 March 2024
178,834 
1,218,713 
26,683 
1,424,230 
Net book value
At 31 March 2024
851,241 
320,695 
9,902 
1,181,838 
At 31 March 2023
143,263 
741,456 
17,219 
901,938 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
21,811 
31,390 
Accrued income and prepayments
40,546 
40,546 
Other debtors
244,466 
388,466 
306,823 
460,402 
Amounts falling due after more than one year
Other debtors
176,031 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
157,987 
224,276 
Taxes and social security
419,932 
181,711 
Other creditors
396,489 
600,000 
Loans from directors
(521,574)
91,534 
452,834 
1,097,521 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
50,000 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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RED LINE BUSES LTD Notes to the Accounts for the year ended 31 March 2024
9
Transactions with related parties
Included in the other creditors is the sum of £521,574 - debit balance (2023: £91,534 - credit balance) due from the director, Mr W Khan. Interest is charged on this amount.
10
Controlling party
Mr T W Khan is the ultimate controlling party by virtue of his shareholding in the company.
11
Average number of employees
During the year the average number of employees was 64 (2023: 64).
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