Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mr B Jackson 05/09/2014 Ms M Jackson 01/10/1998 20 March 2025 The principal activity of the Company during the financial year was the hire of buses and coaches. SC071529 2023-12-31 SC071529 bus:Director1 2023-12-31 SC071529 bus:Director2 2023-12-31 SC071529 2022-12-31 SC071529 core:CurrentFinancialInstruments 2023-12-31 SC071529 core:CurrentFinancialInstruments 2022-12-31 SC071529 core:Non-currentFinancialInstruments 2023-12-31 SC071529 core:Non-currentFinancialInstruments 2022-12-31 SC071529 core:ShareCapital 2023-12-31 SC071529 core:ShareCapital 2022-12-31 SC071529 core:RevaluationReserve 2023-12-31 SC071529 core:RevaluationReserve 2022-12-31 SC071529 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC071529 core:RetainedEarningsAccumulatedLosses 2022-12-31 SC071529 core:LandBuildings 2022-12-31 SC071529 core:OtherPropertyPlantEquipment 2022-12-31 SC071529 core:LandBuildings 2023-12-31 SC071529 core:OtherPropertyPlantEquipment 2023-12-31 SC071529 core:DeferredTaxation 2023-12-31 SC071529 core:DeferredTaxation 2022-12-31 SC071529 core:OtherProvisionsContingentLiabilities 2023-12-31 SC071529 core:OtherProvisionsContingentLiabilities 2022-12-31 SC071529 bus:OrdinaryShareClass1 2023-12-31 SC071529 2023-01-01 2023-12-31 SC071529 bus:FilletedAccounts 2023-01-01 2023-12-31 SC071529 bus:SmallEntities 2023-01-01 2023-12-31 SC071529 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 SC071529 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 SC071529 bus:Director1 2023-01-01 2023-12-31 SC071529 bus:Director2 2023-01-01 2023-12-31 SC071529 core:LandBuildings core:TopRangeValue 2023-01-01 2023-12-31 SC071529 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 SC071529 2022-01-01 2022-12-31 SC071529 core:LandBuildings 2023-01-01 2023-12-31 SC071529 core:CurrentFinancialInstruments 2023-01-01 2023-12-31 SC071529 core:Non-currentFinancialInstruments 2023-01-01 2023-12-31 SC071529 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 SC071529 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: SC071529 (Scotland)

MARBILL COACH SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH THE REGISTRAR

MARBILL COACH SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023

Contents

MARBILL COACH SERVICES LIMITED

BALANCE SHEET

AS AT 31 DECEMBER 2023
MARBILL COACH SERVICES LIMITED

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 2,206,569 2,128,005
Investment property 4 50,000 50,000
2,256,569 2,178,005
Current assets
Stocks 8,500 8,500
Debtors 5 1,609,896 1,286,143
Cash at bank and in hand 379,121 505,992
1,997,517 1,800,635
Creditors: amounts falling due within one year 6 ( 754,089) ( 765,510)
Net current assets 1,243,428 1,035,125
Total assets less current liabilities 3,499,997 3,213,130
Creditors: amounts falling due after more than one year 7 ( 703,322) ( 752,942)
Provision for liabilities 8 ( 520,352) ( 484,378)
Net assets 2,276,323 1,975,810
Capital and reserves
Called-up share capital 9 10,000 10,000
Revaluation reserve 6,973 6,973
Profit and loss account 2,259,350 1,958,837
Total shareholder's funds 2,276,323 1,975,810

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Marbill Coach Services Limited (registered number: SC071529) were approved and authorised for issue by the Board of Directors on 20 March 2025. They were signed on its behalf by:

Ms M Jackson
Director
MARBILL COACH SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
MARBILL COACH SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Marbill Coach Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is C/O Johnston Carmichael, 227 West George Street, Glasgow, G2 2ND, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover from the hire of coaches is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. Turnover received in advance is deferred and taken to the balance sheet.

Employee benefits

Short term benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 25 years straight line
Plant and machinery etc. 20 - 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, 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. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 55 54

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 January 2023 293,747 4,891,452 5,185,199
Additions 0 584,801 584,801
Disposals 0 ( 245,000) ( 245,000)
At 31 December 2023 293,747 5,231,253 5,525,000
Accumulated depreciation
At 01 January 2023 158,561 2,898,633 3,057,194
Charge for the financial year 0 461,608 461,608
Disposals 0 ( 200,371) ( 200,371)
At 31 December 2023 158,561 3,159,870 3,318,431
Net book value
At 31 December 2023 135,186 2,071,383 2,206,569
At 31 December 2022 135,186 1,992,819 2,128,005

4. Investment property

Investment property
£
Valuation
As at 01 January 2023 50,000
As at 31 December 2023 50,000

5. Debtors

2023 2022
£ £
Trade debtors 695,120 584,207
Amounts owed by Group undertakings 768,581 498,581
Corporation tax 0 53,719
Other debtors 146,195 149,636
1,609,896 1,286,143

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 230,504 207,714
Other taxation and social security 43,332 39,666
Obligations under finance leases and hire purchase contracts 343,416 394,675
Other creditors 136,837 123,455
754,089 765,510

The finance leases and hire purchase creditors are secured by fixed charges over the assets to which they relate.

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Bank loans 125,156 195,794
Obligations under finance leases and hire purchase contracts 578,166 557,148
703,322 752,942

The finance leases and hire purchase creditors are secured by fixed charges over the assets to which they relate.

8. Provision for liabilities

2023 2022
£ £
Deferred tax 516,977 479,738
Other provisions 3,375 4,640
520,352 484,378

9. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
10,000 Ordinary shares of £ 1.00 each 10,000 10,000

10. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed to directors 121,566 119,905

Other related party transactions

2023 2022
£ £
Amounts owed by related parties 768,581 498,581

11. Ultimate controlling party

Parent Company:

Marbill Holdings (Scotland) Ltd
227 West George Street
Glasgow
G2 2ND