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REGISTERED NUMBER: 04281219 (England and Wales)












Unaudited Financial Statements for the Year Ended 30 September 2024

for

Coach Options Limited

Coach Options Limited (Registered number: 04281219)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Coach Options Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: L E P Stone
G A Williams





SECRETARY: L M Taylor





REGISTERED OFFICE: 70 Market Street
Tottington
Bury
BL8 3LJ





REGISTERED NUMBER: 04281219 (England and Wales)





ACCOUNTANTS: Anthony Marshall Ltd
Chartered Accountants
70 Market Street
Tottington
Bury
Greater Manchester
BL8 3LJ

Coach Options Limited (Registered number: 04281219)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,349,555 2,209,226
2,349,555 2,209,226

CURRENT ASSETS
Debtors 6 652,398 381,792
Cash at bank and in hand 244,862 80,851
897,260 462,643
CREDITORS
Amounts falling due within one year 7 616,879 397,310
NET CURRENT ASSETS 280,381 65,333
TOTAL ASSETS LESS CURRENT LIABILITIES 2,629,936 2,274,559

CREDITORS
Amounts falling due after more than one
year

8

(913,078

)

(856,866

)

PROVISIONS FOR LIABILITIES 9 (502,319 ) (408,595 )
NET ASSETS 1,214,539 1,009,098

CAPITAL AND RESERVES
Called up share capital 150 150
Capital redemption reserve (423,000 ) (423,000 )
Other reserves 50 50
Retained earnings 1,637,339 1,431,898
SHAREHOLDERS' FUNDS 1,214,539 1,009,098

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Coach Options Limited (Registered number: 04281219)

Balance Sheet - continued
30 September 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 Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





G A Williams - Director


Coach Options Limited (Registered number: 04281219)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Coach Options 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

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.
Plant and machinery - 15% reducing balance
Motor vehicles - 13% on reducing balance

Taxation
Taxation for the year 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 year 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.

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.

Coach Options Limited (Registered number: 04281219)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 5,000
AMORTISATION
At 1 October 2023
and 30 September 2024 5,000
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Freehold Short Plant and Motor
property leasehold machinery vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 237,678 52,297 73,183 2,957,895 3,321,053
Additions - - 3,699 729,480 733,179
Disposals - - - (729,945 ) (729,945 )
At 30 September 2024 237,678 52,297 76,882 2,957,430 3,324,287
DEPRECIATION
At 1 October 2023 - - 52,252 1,059,575 1,111,827
Charge for year - - 3,692 247,052 250,744
Eliminated on disposal - - - (387,839 ) (387,839 )
At 30 September 2024 - - 55,944 918,788 974,732
NET BOOK VALUE
At 30 September 2024 237,678 52,297 20,938 2,038,642 2,349,555
At 30 September 2023 237,678 52,297 20,931 1,898,320 2,209,226

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 383,256 151,179
Amounts owed by associates 140,453 140,453
Other debtors 128,689 90,160
652,398 381,792

Coach Options Limited (Registered number: 04281219)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 58,000 58,000
Hire purchase contracts 310,314 228,238
Trade creditors 39,751 33,311
Taxation and social security 23,723 9,295
Other creditors 185,091 68,466
616,879 397,310

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans - 58,000
Hire purchase contracts 913,078 798,866
913,078 856,866

9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 502,319 408,595

Deferred
tax
£   
Balance at 1 October 2023 408,595
Provided during year 93,724
Balance at 30 September 2024 502,319

10. TRANSACTIONS WITH DIRECTORS

In the year to 30th September 2024, a loan of £nil (2023: nil) was made to Stone Homes Limited, a company in which PR Stone, a former director, has a material interest. During the year a repayment of £nil (2023: £76,740) was made against the loan balance brought forward. The amount outstanding at 30th September 2024 was £140,452 (2023:£140,452).
On 9th November 2021, the company carried out a company purchase of own shares, to acquire shares from PR Stone, a then director. The company acquired 2500 ordinary "B" shares of £0.01 each for a consideration of £200,000. On 18th March 2023 a further 2500 ordinary "B" shares of £0.01 were acquired for a consideration of £200,000. Further shares will be acquired in the year to 30th September 2025 and 2026 for a total consideration of £800,000.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by LEP Stone and GA Williams by virtue of their shareholding and directorship.