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REGISTERED NUMBER: 06154562 (England and Wales)















Unaudited Financial Statements

for the Period 1 April 2023 to 30 April 2024

for

G.H. Watts Coaches Limited

G.H. Watts Coaches Limited (Registered number: 06154562)

Contents of the Financial Statements
for the Period 1 April 2023 to 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.H. Watts Coaches Limited

Company Information
for the Period 1 April 2023 to 30 April 2024







DIRECTORS: J W Keeber
R J Keeber
D J Keeber





SECRETARY: Mrs M A Keeber





REGISTERED OFFICE: The Coach Station
Foxholes Road
Leicester
LE3 1TH





REGISTERED NUMBER: 06154562 (England and Wales)





ACCOUNTANTS: Geoff Cowley & Co Ltd
Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

G.H. Watts Coaches Limited (Registered number: 06154562)

Balance Sheet
30 April 2024

30.4.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,075,050 974,002

CURRENT ASSETS
Stocks 2,800 2,500
Debtors 5 402,330 262,720
Cash at bank and in hand 399,620 311,571
804,750 576,791
CREDITORS
Amounts falling due within one year 6 508,351 215,873
NET CURRENT ASSETS 296,399 360,918
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,371,449

1,334,920

CREDITORS
Amounts falling due after more than one
year

7

(139,542

)

(226,750

)

PROVISIONS FOR LIABILITIES (228,341 ) (185,060 )
NET ASSETS 1,003,566 923,110

RESERVES
Share premium 2 2
Retained earnings 1,003,564 923,108
SHAREHOLDERS' FUNDS 1,003,566 923,110

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

G.H. Watts Coaches Limited (Registered number: 06154562)

Balance Sheet - continued
30 April 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 16 January 2025 and were signed on its behalf by:





J W Keeber - Director


G.H. Watts Coaches Limited (Registered number: 06154562)

Notes to the Financial Statements
for the Period 1 April 2023 to 30 April 2024


1. STATUTORY INFORMATION

G.H. Watts 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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 period 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 period 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.

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.

G.H. Watts Coaches Limited (Registered number: 06154562)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 April 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 2,071,711
Additions 304,540
Disposals (17,000 )
At 30 April 2024 2,359,251
DEPRECIATION
At 1 April 2023 1,097,709
Charge for period 191,018
Eliminated on disposal (4,526 )
At 30 April 2024 1,284,201
NET BOOK VALUE
At 30 April 2024 1,075,050
At 31 March 2023 974,002

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.3.23
£    £   
Trade debtors 84,207 68,344
Amounts owed by associates 233,692 120,882
Other debtors 84,431 73,494
402,330 262,720

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 31.3.23
£    £   
Bank loans and overdrafts 21,570 32,353
Hire purchase contracts 80,500 83,625
Trade creditors 335,917 75,890
Taxation and social security 28,366 14,831
Other creditors 41,998 9,174
508,351 215,873

G.H. Watts Coaches Limited (Registered number: 06154562)

Notes to the Financial Statements - continued
for the Period 1 April 2023 to 30 April 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 31.3.23
£    £   
Hire purchase contracts 139,542 226,750

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 April 2024 and the year ended 31 March 2023:

30.4.24 31.3.23
£    £   
J W Keeber
Balance outstanding at start of period - -
Amounts advanced 11,242 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 11,242 -