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REGISTERED NUMBER: 03317307 (England and Wales)















Unaudited Financial Statements

for the Period 1 July 2023 to 31 March 2024

for

Aintree Coaches (International) Limited

Aintree Coaches (International) Limited (Registered number: 03317307)






Contents of the Financial Statements
for the Period 1 July 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aintree Coaches (International) Limited

Company Information
for the Period 1 July 2023 to 31 March 2024







DIRECTOR: J Cherry





SECRETARY: J Cherry





REGISTERED OFFICE: 17 Atlas Way
Ellesmere Port
CH66 1TL





REGISTERED NUMBER: 03317307 (England and Wales)





ACCOUNTANTS: Myersons
Chartered Accountants
32 Derby Street
Ormskirk
Lancashire
L39 2BY

Aintree Coaches (International) Limited (Registered number: 03317307)

Balance Sheet
31 March 2024

31.3.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 180,500 -
Tangible assets 5 1,431,198 1,377,228
1,611,698 1,377,228

CURRENT ASSETS
Debtors 6 296,608 373,585
Cash at bank 35,169 2,928
331,777 376,513
CREDITORS
Amounts falling due within one year 7 458,797 374,484
NET CURRENT (LIABILITIES)/ASSETS (127,020 ) 2,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,484,678

1,379,257

CREDITORS
Amounts falling due after more than one
year

8

(666,354

)

(562,847

)

PROVISIONS FOR LIABILITIES (81,180 ) (56,644 )
NET ASSETS 737,144 759,766

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 398,256 454,663
Retained earnings 338,886 305,101
SHAREHOLDERS' FUNDS 737,144 759,766

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Aintree Coaches (International) Limited (Registered number: 03317307)

Balance Sheet - continued
31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 March 2025 and were signed by:





J Cherry - Director


Aintree Coaches (International) Limited (Registered number: 03317307)

Notes to the Financial Statements
for the Period 1 July 2023 to 31 March 2024

1. STATUTORY INFORMATION

Aintree Coaches (International) 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2023, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Plant and machinery - 20% on cost
Motor vehicles - 10% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

Aintree Coaches (International) Limited (Registered number: 03317307)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 22 (2023 - 21 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 190,000
At 31 March 2024 190,000
AMORTISATION
Charge for period 9,500
At 31 March 2024 9,500
NET BOOK VALUE
At 31 March 2024 180,500

Aintree Coaches (International) Limited (Registered number: 03317307)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 50,000 3,794 2,259,586 2,313,380
Additions - - 313,000 313,000
Disposals - - (319,333 ) (319,333 )
Revaluations - - (56,408 ) (56,408 )
At 31 March 2024 50,000 3,794 2,196,845 2,250,639
DEPRECIATION
At 1 July 2023 2,000 2,277 931,875 936,152
Charge for period 750 569 80,336 81,655
Eliminated on disposal - - (198,366 ) (198,366 )
At 31 March 2024 2,750 2,846 813,845 819,441
NET BOOK VALUE
At 31 March 2024 47,250 948 1,383,000 1,431,198
At 30 June 2023 48,000 1,517 1,327,711 1,377,228

Cost or valuation at 31 March 2024 is represented by:

Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Valuation in 2021 - - 458,298 458,298
Valuation in 2023 - - (3,635 ) (3,635 )
Valuation in 2024 - - (56,407 ) (56,407 )
Cost 50,000 3,794 1,798,589 1,852,383
50,000 3,794 2,196,845 2,250,639

If Motor Vehicles had not been revalued they would have been included at the following historical cost:

31.3.24 30.6.23
£    £   
Cost 1,798,589 1,804,922
Aggregate depreciation 813,845 931,874

Motor Vehicles were valued on a market value basis on 30 June 2021 by the director .

Aintree Coaches (International) Limited (Registered number: 03317307)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 July 2023 1,886,336
Additions 303,000
Disposals (174,659 )
Revaluations (24,193 )
At 31 March 2024 1,990,484
DEPRECIATION
At 1 July 2023 667,664
Charge for period 77,303
Eliminated on disposal (109,606 )
At 31 March 2024 635,361
NET BOOK VALUE
At 31 March 2024 1,355,123
At 30 June 2023 1,218,672

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Trade debtors 5,020 288
Other debtors 2,702 2,302
Inter company 175,941 213,016
Directors' current accounts 37,185 40,185
Tax 33,755 38,949
VAT 42,005 78,845
296,608 373,585

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.6.23
£    £   
Bank loans and overdrafts 6,210 6,210
Hire purchase contracts and finance leases 357,678 314,199
Trade creditors 8,225 2,397
Social security and other taxes 3,709 44,028
Other creditors 76,775 1,450
Accrued expenses 6,200 6,200
458,797 374,484

Aintree Coaches (International) Limited (Registered number: 03317307)

Notes to the Financial Statements - continued
for the Period 1 July 2023 to 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 30.6.23
£    £   
Bank loans - 2-5 years 29,007 33,952
Other Loans > 5 Years 50,000 50,000
Hire purchase contracts and finance leases 587,347 478,895
666,354 562,847

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 30.6.23
£    £   
Hire purchase contracts and finance leases 945,025 793,094
Other Loans > 5 years 50,000 50,000
995,025 843,094

10. RESERVES

The revaluation reserve represents a revaluation of commercial vehicles in 2021. The depreciation policy on these vehicles was too high. The policy has since been updated and the revaluation reserve being released annually in accordance with the revised policy.

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 31 March 2024 and the year ended 30 June 2023:

31.3.24 30.6.23
£    £   
J Cherry
Balance outstanding at start of period 40,185 40,185
Amounts repaid (3,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 37,185 40,185