Registered number: 03317205 | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
Prepared By: | ||||||||
N B Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Metcalfe Coaches Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Cumbria | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 03317205 | ||||||||
BANKERS | ||||||||
HSBC Bank Plc | ||||||||
ACCOUNTANTS | ||||||||
N B Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Metcalfe Coaches Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/07/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Metcalfe Coaches Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Intangible assets | 2 | |||||||||
Tangible assets | 3 | |||||||||
CURRENT ASSETS | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
494,121 | 330,725 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS / (LIABILITIES) | (23,657) | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 95,765 | 95,490 | |||||||
PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 574,473 | 430,593 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Metcalfe Coaches Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/07/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Number plates are recorded initially at cost and are then amortised at 15% reducing balance. | ||||||||
Plant And Machinery | reducing balance25% | |||||||
Equipment | straight line25% | |||||||
Motor Vehicles | reducing balance15% |
1c. Taxation | ||||||||
Corporation tax payable is provided on taxable profits at the current rates. | ||||||||
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. |
1d. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Invoices are raised upon the provision of services. |
1e. Goodwill | ||||||||
1f. Leases | ||||||||
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
Metcalfe Coaches Limited | ||||||||
2. INTANGIBLE FIXED ASSETS | ||||||
Purchased | ||||||
Patents | Goodwill | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/08/2023 | 2,285 | 6,000 | 8,285 | |||
At 31/07/2024 | 2,285 | 6,000 | 8,285 | |||
Depreciation | ||||||
At 01/08/2023 | 1,890 | 3,000 | 4,890 | |||
For the year | 59 | 600 | 659 | |||
At 31/07/2024 | 1,949 | 3,600 | 5,549 | |||
Net Book Amounts | ||||||
At 31/07/2024 | ||||||
At 31/07/2023 | ||||||
3. TANGIBLE FIXED ASSETS | ||||||||
Plant and | ||||||||
Machinery | Equipment | Motor Vehicles | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/08/2023 | 3,859 | 1,867 | 1,145,049 | 1,150,775 | ||||
Additions | - | - | 436,323 | 436,323 | ||||
Disposals | - | - | (362,246) | (362,246) | ||||
At 31/07/2024 | 3,859 | 1,867 | 1,219,126 | 1,224,852 | ||||
Depreciation | ||||||||
At 01/08/2023 | 3,687 | 1,460 | 471,125 | 476,272 | ||||
Disposals | - | - | (200,163) | (200,163) | ||||
For the year | 43 | 135 | 142,225 | 142,403 | ||||
At 31/07/2024 | 3,730 | 1,595 | 413,187 | 418,512 | ||||
Net Book Amounts | ||||||||
At 31/07/2024 | 806,340 | |||||||
At 31/07/2023 | 674,503 | |||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 62,546 | 13,410 | ||||||
UK corporation tax | - | 2,816 | ||||||
VAT | 43,654 | 13,254 | ||||||
Prepayments | 12,350 | 10,221 | ||||||
118,550 | 39,701 | |||||||
Metcalfe Coaches Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 27,462 | - | ||||||
Other tax and social security creditors | 1,981 | 1,109 | ||||||
Directors current account | 306,040 | 291,159 | ||||||
Bank loans (unsecured) | 10,000 | 9,597 | ||||||
Hire purchase | 58,799 | 37,020 | ||||||
Trade creditors | 24,990 | 13,497 | ||||||
Accruals | 2,100 | 2,000 | ||||||
431,372 | 354,382 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans (unsecured) >1yr | 17,452 | 27,665 | ||||||
Hire purchase >1yr | 78,313 | 67,825 | ||||||
95,765 | 95,490 | |||||||
7. SECURED CREDITORS | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Amount of other creditors which are secured | 137,112 | 104,845 | ||||||
Hire purchases creditors are secured on the assets to which the liabilities relate. | ||||||||
8. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 8 | |||||
Metcalfe Coaches Limited | ||||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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10. ADDITIONAL INFORMATION | ||||||||
The company is a private company, limited by shares and registered in England & Wales. | ||||||||
The company's registered number is 03317205. | ||||||||
The company's registered office is Langdale, 93 Cumwhinton Road, Carlisle, CA1 3JB. |