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Registered Number: 05295031
England and Wales

 

 

 

JACOBS COACHES LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 May 2023

End date: 30 April 2024
Accountants report
You consider that the company is exempt from an audit for the year ended 30 April 2024 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Melanie Beech Accountancy Services Limited
30 April 2024



....................................................

Melanie Beech Accountancy Services Limited

35 Charlesbury Avenue

Gosport
PO12 3TG
29 January 2025
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 4 5,000    10,000 
Tangible fixed assets 5 418,633    332,479 
423,633    342,479 
Current assets      
Stocks 8,000    2,420 
Debtors 318,008    208,331 
Cash at bank and in hand 128,972    257,797 
454,980    468,548 
Creditors: amount falling due within one year (207,473)   (234,864)
Net current assets 247,507    233,684 
 
Total assets less current liabilities 671,140    576,163 
Creditors: amount falling due after more than one year (100,043)   (124,917)
Provisions for liabilities (68,754)   (51,696)
Net assets 502,343    399,550 
 

Capital and reserves
     
Called up share capital 140,100    140,100 
Profit and loss account 362,243    259,450 
Shareholders' funds 502,343    399,550 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 29 January 2025 and were signed on its behalf by:


-------------------------------
Jane Helen Jacobs
Director
2
General Information
Jacobs Coaches Limited is a private company, limited by shares, registered in England and Wales, registration number 05295031, registration address 19 Magister Drive, Lee on the Solent, Hampshire, PO13 8GE.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 20 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles: 25% Reducing Balance
Plant and Machinery: 25% Reducing Balance
Computer Equipment: Straight Line over 4 years 

Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Staff Costs

2024
£
  2023
£
Wages and salaries 399,288    384,317 
Social security costs 59,810    45,610 
Pension costs, defined contribution plan 12,721    10,127 
Other staff costs 1,088    176 
472,907    440,230 

3.

Average number of employees

Average number of employees during the year was 37 (2023 : 39).
4.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 May 2023 100,000    100,000 
Additions  
Disposals  
At 30 April 2024 100,000    100,000 
Amortisation
At 01 May 2023 90,000    90,000 
Charge for year 5,000    5,000 
On disposals  
At 30 April 2024 95,000    95,000 
Net book values
At 30 April 2024 5,000    5,000 
At 30 April 2023 10,000    10,000 


5.

Tangible fixed assets

Cost or valuation Plant and machinery etc   Total
  £   £
At 01 May 2023 1,082,920    1,082,920 
Additions 232,376    232,376 
Disposals  
At 30 April 2024 1,315,296    1,315,296 
Depreciation
At 01 May 2023 754,452    754,452 
Charge for year 142,211    142,211 
On disposals  
At 30 April 2024 896,663    896,663 
Net book values
Closing balance as at 30 April 2024 418,633    418,633 
Opening balance as at 01 May 2023 332,479    332,479 


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