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Registration number: 03699321

Chesters Coaches Limited

Unaudited Financial Statements

for the Period from 1 April 2024 to 31 December 2024

 

Chesters Coaches Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Chesters Coaches Limited

(Registration number: 03699321)
Balance Sheet as at 31 December 2024

Note

31 December
2024
£

31 March
2024
£

Fixed assets

 

Tangible assets

4

-

63,697

Current assets

 

Debtors

5

400,422

1,713,851

Cash at bank and in hand

 

1,962,752

568,088

 

2,363,174

2,281,939

Creditors: Amounts falling due within one year

6

(32,298)

(12,600)

Net current assets

 

2,330,876

2,269,339

Total assets less current liabilities

 

2,330,876

2,333,036

Provisions for liabilities

-

(17,272)

Net assets

 

2,330,876

2,315,764

Capital and reserves

 

Called up share capital

100

100

Retained earnings

2,330,776

2,315,664

Shareholders' funds

 

2,330,876

2,315,764

 

Chesters Coaches Limited

(Registration number: 03699321)
Balance Sheet as at 31 December 2024

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 March 2025
 

.........................................
Mr H S Chester
Director

   
     
 

Chesters Coaches Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
The Coach Station
Sharp Street
Worsley
Manchester
M28 3LX

These financial statements were authorised for issue by the director on 7 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grant income is included in the Profit and Loss on the accruals basis.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Chesters Coaches Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 December 2024

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment and plant and machinery

15% reducing balance

Motor vehicles

15% reducing balance

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2024 - 3).

 

Chesters Coaches Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

73,456

148,314

221,770

Disposals

(73,456)

(148,314)

(221,770)

At 31 December 2024

-

-

-

Depreciation

At 1 April 2024

50,354

107,719

158,073

Charge for the period

2,020

1,577

3,597

Eliminated on disposal

(52,374)

(109,296)

(161,670)

At 31 December 2024

-

-

-

Carrying amount

At 31 December 2024

-

-

-

At 31 March 2024

23,102

40,595

63,697

5

Debtors

Current

31 December
2024
£

31 March
2024
£

Trade debtors

-

420

Other debtors

400,422

1,713,431

 

400,422

1,713,851

 

Chesters Coaches Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

31 December
2024
£

31 March
2024
£

Due within one year

Taxation and social security

32,298

1,911

Other creditors

-

10,689

32,298

12,600

7

Related party transactions

Transactions with the director

2024

At 1 April 2024
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

Mr H S Chester

Advances

595,609

1,646

(595,609)

1,646

Mrs D Chester

Advances

595,609

1,646

(595,609)

1,646

Loans are repayable on demand and interest has been charged at 2.25%.

2024

At 1 April 2023
£

Advances to director
£

At 31 March 2024
£

Mr H S Chester

Advances

-

595,609

595,609

Mrs D Chester

Advances

-

595,609

595,609

 

Chesters Coaches Limited

Notes to the Unaudited Financial Statements for the Period from 1 April 2024 to 31 December 2024

Summary of transactions with other related parties

Worsley Property Services Limited
 A company under the control of Mr H Chester and Mrs D Chester.
 
At 31 December 2024 Worsley Property Services Limited owed £395,000 (31 March 2024: £395,000) to the company. This loan is interest free and repayable on demand.