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Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Fleetline Coachworks Ltd

Fleetline Coachworks Ltd (Registered number: 01917978)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Fleetline Coachworks Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: N A W Boret
Mrs K Bryant
S Harris
S A Silvester





REGISTERED OFFICE: Lancefield House, Unit 1
5 Commerce Way
Croydon
Surrey
CR0 4XA





REGISTERED NUMBER: 01917978 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Fleetline Coachworks Ltd (Registered number: 01917978)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 570,586 671,600

CURRENT ASSETS
Stocks 181,479 230,759
Debtors 5 1,249,594 1,032,465
Cash at bank and in hand 709,899 443,984
2,140,972 1,707,208
CREDITORS
Amounts falling due within one year 6 1,030,778 798,075
NET CURRENT ASSETS 1,110,194 909,133
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,680,780

1,580,733

CREDITORS
Amounts falling due after more than one
year

7

278,900

337,112
NET ASSETS 1,401,880 1,243,621

CAPITAL AND RESERVES
Called up share capital 8 32,598 32,598
Share premium 9 66,472 66,472
Retained earnings 9 1,302,810 1,144,551
SHAREHOLDERS' FUNDS 1,401,880 1,243,621

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

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

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 Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





S A Silvester - Director


Fleetline Coachworks Ltd (Registered number: 01917978)

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


1. STATUTORY INFORMATION

Fleetline Coachworks Ltd 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 18 ) .

Fleetline Coachworks Ltd (Registered number: 01917978)

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


4. TANGIBLE FIXED ASSETS
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 689,623 569,556 93,268 295,260 1,647,707
Additions - 69,735 - 11,708 81,443
At 30 April 2024 689,623 639,291 93,268 306,968 1,729,150
DEPRECIATION
At 1 May 2023 137,429 507,936 61,123 269,619 976,107
Charge for year 110,424 37,164 12,290 22,579 182,457
At 30 April 2024 247,853 545,100 73,413 292,198 1,158,564
NET BOOK VALUE
At 30 April 2024 441,770 94,191 19,855 14,770 570,586
At 30 April 2023 552,194 61,620 32,145 25,641 671,600

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 643,017 658,331
Amounts owed by associates 352,671 143,050
Other debtors 85,395 78,835
Directors' loan accounts - 1,144
Deferred tax asset 9,920 5,891
Prepayments 158,591 145,214
1,249,594 1,032,465

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 445,203 408,369
Tax 96,191 50,236
Social security and other taxes 23,276 8,075
Pensions 4,214 1,520
Net pay 57,869 30,012
VAT 85,552 69,832
Other creditors 116,559 55,993
Directors' loan accounts 13,131 -
Accruals and deferred income 188,783 174,038
1,030,778 798,075

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Trade creditors 278,900 337,112

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
32,598 Ordinary £1 32,598 32,598

Fleetline Coachworks Ltd (Registered number: 01917978)

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


9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 May 2023 1,144,551 66,472 1,211,023
Profit for the year 212,545 212,545
Dividends (54,286 ) (54,286 )
At 30 April 2024 1,302,810 66,472 1,369,282