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REGISTERED NUMBER: 07504121 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Orbit Coaches Limited

Orbit Coaches Limited (Registered number: 07504121)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Orbit Coaches Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: L C Chapman





SECRETARY: Mrs V Chapman





REGISTERED OFFICE: Units 1-3 Willow Park
Upton Lane
Stoke Golding
Warwickshire
CV13 6EU





REGISTERED NUMBER: 07504121 (England and Wales)





ACCOUNTANTS: Vaughan Davies & Co (Accountants) Ltd
Unit 1-3, Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

Orbit Coaches Limited (Registered number: 07504121)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 620,113 612,354

CURRENT ASSETS
Debtors 5 243,496 296,369
Cash at bank and in hand 104,357 51,641
347,853 348,010
CREDITORS
Amounts falling due within one year 6 426,255 461,050
NET CURRENT LIABILITIES (78,402 ) (113,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,711

499,314

PROVISIONS FOR LIABILITIES 117,821 92,559
NET ASSETS 423,890 406,755

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 423,885 406,750
SHAREHOLDERS' FUNDS 423,890 406,755

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

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

Orbit Coaches Limited (Registered number: 07504121)

Balance Sheet - continued
30 June 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 director and authorised for issue on 3 December 2024 and were signed by:





L C Chapman - Director


Orbit Coaches Limited (Registered number: 07504121)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. STATUTORY INFORMATION

Orbit 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 - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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.

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 24 (2023 - 18 ) .

Orbit Coaches Limited (Registered number: 07504121)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 68,923 4,035 794,513 3,694 871,165
Additions 22,443 6,295 203,250 715 232,703
Disposals - - (28,063 ) - (28,063 )
At 30 June 2024 91,366 10,330 969,700 4,409 1,075,805
DEPRECIATION
At 1 July 2023 27,582 1,778 226,167 3,284 258,811
Charge for year 15,946 1,283 187,818 371 205,418
Eliminated on disposal - - (8,537 ) - (8,537 )
At 30 June 2024 43,528 3,061 405,448 3,655 455,692
NET BOOK VALUE
At 30 June 2024 47,838 7,269 564,252 754 620,113
At 30 June 2023 41,341 2,257 568,346 410 612,354

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 188,856 227,877
Other debtors 54,640 68,492
243,496 296,369

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 14,648 23,842
Trade creditors 22,162 265,001
Taxation and social security 20,598 11,950
Other creditors 368,847 160,257
426,255 461,050