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REGISTERED NUMBER: SC209895 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

IAN W BRUCE COACH HIRE LTD

IAN W BRUCE COACH HIRE LTD (REGISTERED NUMBER: SC209895)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 6

IAN W BRUCE COACH HIRE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTOR: Ian William Bruce





SECRETARY: Susan Bruce





REGISTERED OFFICE: Moss-side of Drum
Maud
Peterhead
Aberdeenshire
AB42 5RH





REGISTERED NUMBER: SC209895 (Scotland)





ACCOUNTANTS: Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN

IAN W BRUCE COACH HIRE LTD (REGISTERED NUMBER: SC209895)

BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 214,006 150,872

CURRENT ASSETS
Debtors 5 11,703 11,251
Cash at bank 73,937 112,126
85,640 123,377
CREDITORS
Amounts falling due within one year 6 123 14,103
NET CURRENT ASSETS 85,517 109,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

299,523

260,146

PROVISIONS FOR LIABILITIES 35,295 23,300
NET ASSETS 264,228 236,846

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 264,226 236,844
SHAREHOLDERS' FUNDS 264,228 236,846

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

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

The director acknowledges his 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.

IAN W BRUCE COACH HIRE LTD (REGISTERED NUMBER: SC209895)

BALANCE SHEET - continued
31ST AUGUST 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd January 2025 and were signed by:





Ian William Bruce - Director


IAN W BRUCE COACH HIRE LTD (REGISTERED NUMBER: SC209895)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024

1. STATUTORY INFORMATION

Ian W Bruce Coach Hire Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Improvements to Property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 5 (2023 - 3 ) .

IAN W BRUCE COACH HIRE LTD (REGISTERED NUMBER: SC209895)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
Property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1st September 2023 28,243 20,225 209,970 2,417 260,855
Additions - 877 84,300 - 85,177
At 31st August 2024 28,243 21,102 294,270 2,417 346,032
DEPRECIATION
At 1st September 2023 - 18,704 90,634 645 109,983
Charge for year - 539 21,061 443 22,043
At 31st August 2024 - 19,243 111,695 1,088 132,026
NET BOOK VALUE
At 31st August 2024 28,243 1,859 182,575 1,329 214,006
At 31st August 2023 28,243 1,521 119,336 1,772 150,872

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,978 7,078
Other debtors 1,757 2,308
Prepayments 1,968 1,865
11,703 11,251

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Corporation tax - 14,023
Social security and other taxes 34 29
Other creditors - 6
Director's current account 89 45
123 14,103

The loan from the director is interest free with no fixed terms of repayment.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
IAN W BRUCE COACH HIRE LTD (REGISTERED NUMBER: SC209895)

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ian W Bruce Coach Hire Ltd for the year ended 31st August 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Ian W Bruce Coach Hire Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ian W Bruce Coach Hire Ltd and state those matters that we have agreed to state to the director of Ian W Bruce Coach Hire Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ian W Bruce Coach Hire Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ian W Bruce Coach Hire Ltd. You consider that Ian W Bruce Coach Hire Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ian W Bruce Coach Hire Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Goldwells
Goldwells House
Grange Road
Peterhead
Aberdeenshire
AB42 1WN


23rd January 2025