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REGISTERED NUMBER: 11829481 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31st May 2024

for

R B COACH TRAVEL LIMITED

R B COACH TRAVEL LIMITED (REGISTERED NUMBER: 11829481)

Contents of the Financial Statements
for the year ended 31st May 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


R B COACH TRAVEL LIMITED

Company Information
for the year ended 31st May 2024







DIRECTORS: Mr R Bull
Mrs P Bull
Mr S P Dawson
Mrs A J Parker-Blythe





REGISTERED OFFICE: Monometer House
Rectory Grove
Leigh-on-Sea
Essex
SS9 2HL





REGISTERED NUMBER: 11829481 (England and Wales)





ACCOUNTANTS: Barrons Limited
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
R B Coach Travel Limited


The following reproduces the text of the report prepared for the directors 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 Directors 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 R B Coach Travel Limited for the year ended 31st May 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of R B Coach Travel Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R B Coach Travel Limited and state those matters that we have agreed to state to the Board of Directors of R B Coach Travel Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R B Coach Travel Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R B Coach Travel Limited 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 R B Coach Travel Limited. You consider that R B Coach Travel Limited 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 R B Coach Travel Limited. 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.






Barrons Limited
Chartered Accountants
Monometer House
Rectory Grove
Leigh on Sea
Essex
SS9 2HN


24th February 2025

R B COACH TRAVEL LIMITED (REGISTERED NUMBER: 11829481)

Balance Sheet
31st May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 410,028 385,578

CURRENT ASSETS
Stocks 10,633 8,962
Debtors 5 249,348 206,834
Cash at bank and in hand 328,137 191,252
588,118 407,048
CREDITORS
Amounts falling due within one year 6 681,370 753,072
NET CURRENT LIABILITIES (93,252 ) (346,024 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,776

39,554

CREDITORS
Amounts falling due after more than one
year

7

(141,536

)

(16,136

)

PROVISIONS FOR LIABILITIES (102,507 ) (96,395 )
NET ASSETS/(LIABILITIES) 72,733 (72,977 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 72,633 (73,077 )
SHAREHOLDERS' FUNDS 72,733 (72,977 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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.

R B COACH TRAVEL LIMITED (REGISTERED NUMBER: 11829481)

Balance Sheet - continued
31st May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th February 2025 and were signed on its behalf by:





Mr R Bull - Director


R B COACH TRAVEL LIMITED (REGISTERED NUMBER: 11829481)

Notes to the Financial Statements
for the year ended 31st May 2024


1. STATUTORY INFORMATION

R B Coach Travel 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
The turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before the revenue is recognised:

Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probable that the Company will receive the consideration due under the contract;
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Motor vehicles etc - Straight Line over the asset's estimated useful life.
Plant & Machinery - 20% Straight Line

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

At each balance sheet date, stocks are assessed for impairment. If Stock is impaired, the carrying amount is
reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in
profit and loss.


R B COACH TRAVEL LIMITED (REGISTERED NUMBER: 11829481)

Notes to the Financial Statements - continued
for the year ended 31st May 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Financial instruments
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

R B COACH TRAVEL LIMITED (REGISTERED NUMBER: 11829481)

Notes to the Financial Statements - continued
for the year ended 31st May 2024


2. ACCOUNTING POLICIES - continued

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amount of cash with insignificant risk of change in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 17 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st June 2023 386,125
Additions 82,450
At 31st May 2024 468,575
DEPRECIATION
At 1st June 2023 547
Charge for year 58,000
At 31st May 2024 58,547
NET BOOK VALUE
At 31st May 2024 410,028
At 31st May 2023 385,578

Included above are assets held under hire purchase contracts with a total net book value of
£102,031 (2023: £24,453) and a total depreciation charge in the year of £6,178 (2023: £547).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 81,069 116,661
Other debtors 168,279 90,173
249,348 206,834

R B COACH TRAVEL LIMITED (REGISTERED NUMBER: 11829481)

Notes to the Financial Statements - continued
for the year ended 31st May 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,053 -
Hire purchase contracts 29,547 7,269
Trade creditors 101,122 106,591
Taxation and social security 51,651 7,806
Other creditors 481,997 631,406
681,370 753,072

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 82,947 -
Hire purchase contracts 58,589 16,136
141,536 16,136

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 100,000 -
Hire purchase contracts 88,136 23,405
188,136 23,405

Hire purchase contracts are secured against the assets to which they relate.

The commercial loan is guaranteed by the Director of RB Coach Travel Limited.

9. RELATED PARTY DISCLOSURES

As at the balance sheet date there was money owed to RB Travel, an unincorporated business owned by R Bull, director, totalling £67,575 (2023: £191,543) . No interest was charged on this amount.

During the year, assets were transferred from RB Travel with a value of £80,000. This transaction was carried out at an arms-length basis using standard market rates.