03317205falseprivate coach hire2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:CompanySecretary12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:PlantMachinery2023-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-07-31http://www.companieshouse.gov.uk/cd:Director12023-08-012024-07-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-07-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-07-31http://www.companieshouse.gov.uk/pt:MotorCars2023-07-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-07-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2023-07-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:MotorCars2024-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-07-31http://www.companieshouse.gov.uk/pt:PatentsTrademarksLicencesConcessionsSimilar2024-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-07-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-07-31http://www.companieshouse.gov.uk/pt:NetGoodwill2023-08-012024-07-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-07-31http://www.companieshouse.gov.uk/2023-08-012024-07-31http://www.companieshouse.gov.uk/2023-07-31http://www.companieshouse.gov.uk/cd:FRS1022023-08-012024-07-31http://www.companieshouse.gov.uk/2024-07-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-08-012024-07-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-08-012024-07-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03317205

Metcalfe Coaches Limited

ACCOUNTS
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
Christopher Paul Firth
SECRETARY
Elaine Firth
REGISTERED OFFICE
Langdale
93 Cumwhinton Road
Carlisle
Cumbria
CA1 3JB
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 Sheet3
Notes To The Accounts4
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 31/07/2024
20242023
Notes££
FIXED ASSETS
Intangible assets22,7363,395
Tangible assets3806,340674,503
809,076677,898
CURRENT ASSETS
Debtors4118,55039,701
Cash at bank and in hand375,571291,024
494,121330,725
CREDITORS: Amounts falling due within one year5431,372354,382
NET CURRENT ASSETS / (LIABILITIES)62,749(23,657)
TOTAL ASSETS LESS CURRENT LIABILITIES871,825654,241
CREDITORS: Amounts falling due after more than one year695,76595,490
PROVISIONS FOR LIABILITIES AND CHARGES201,585128,156
NET ASSETS574,475430,595
CAPITAL AND RESERVES
Called up share capital22
Profit and loss account574,473430,593
SHAREHOLDERS' FUNDS574,475430,595
For the year ending 31/07/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 06/03/2025 and signed on their behalf by
.............................
Christopher Paul Firth
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
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Number plates are recorded initially at cost and are then amortised at 15% reducing balance.
Plant And Machineryreducing balance25%
Equipmentstraight line25%
Motor Vehiclesreducing 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
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 10 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
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
PatentsGoodwillTotal
£££
Cost
At 01/08/20232,2856,0008,285
At 31/07/20242,2856,0008,285
Depreciation
At 01/08/20231,8903,0004,890
For the year59600659
At 31/07/20241,9493,6005,549
Net Book Amounts
At 31/07/20243362,4002,736
At 31/07/20233953,0003,395
3. TANGIBLE FIXED ASSETS
Plant and
MachineryEquipmentMotor VehiclesTotal
££££
Cost
At 01/08/20233,8591,8671,145,0491,150,775
Additions--436,323436,323
Disposals--(362,246)(362,246)
At 31/07/20243,8591,8671,219,1261,224,852
Depreciation
At 01/08/20233,6871,460471,125476,272
Disposals--(200,163)(200,163)
For the year43135142,225142,403
At 31/07/20243,7301,595413,187418,512
Net Book Amounts
At 31/07/2024129272805,939806,340
At 31/07/2023172407673,924674,503
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors62,54613,410
UK corporation tax-2,816
VAT43,65413,254
Prepayments12,35010,221
118,55039,701

Metcalfe Coaches Limited

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax27,462-
Other tax and social security creditors1,9811,109
Directors current account306,040291,159
Bank loans (unsecured)10,0009,597
Hire purchase58,79937,020
Trade creditors24,99013,497
Accruals2,1002,000
431,372354,382
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
20242023
££
Bank loans (unsecured) >1yr17,45227,665
Hire purchase >1yr78,31367,825
95,76595,490
7. SECURED CREDITORS
20242023
££
Amount of other creditors which are secured137,112104,845
Hire purchases creditors are secured on the assets to which the liabilities relate.
8. EMPLOYEES
20242023
No.No.
Average number of employees88

Metcalfe Coaches Limited

9. RELATED PARTY TRANSACTIONS
A salary of £9,876 was paid to the director during the year (2023 - £9,876).
Dividends of £12,000 were paid to the director during the year (2023 - £4,000).
At the balance sheet date a loan of £306,040 was owed to the director (2023 - £291,159). The loan is interest free, unsecured and repayable on demand.
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.