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REGISTERED NUMBER: 05959533 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 MARCH 2024

FOR

ASHFORD MINIBUSES LIMITED

ASHFORD MINIBUSES LIMITED (REGISTERED NUMBER: 05959533)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 May 2023 to 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHFORD MINIBUSES LIMITED

COMPANY INFORMATION
for the Period 1 May 2023 to 31 March 2024







DIRECTOR: Mr K K Hughes





REGISTERED OFFICE: 45 Kingsnorth Road
Ashford
Kent
TN23 6JB





REGISTERED NUMBER: 05959533 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
Unit 68 Basepoint
Shearway Business Park
Folkestone
Kent
CT19 4RH

ASHFORD MINIBUSES LIMITED (REGISTERED NUMBER: 05959533)

BALANCE SHEET
31 March 2024

31.3.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 26,625 36,475
Tangible assets 5 1,036,654 923,445
Investments 6 100 100
1,063,379 960,020

CURRENT ASSETS
Stocks 3,000 3,500
Debtors 7 307,771 109,292
Cash at bank 136,170 137,328
446,941 250,120
CREDITORS
Amounts falling due within one year 8 264,316 596,675
NET CURRENT ASSETS/(LIABILITIES) 182,625 (346,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,246,004

613,465

CREDITORS
Amounts falling due after more than
one year

9

(147,538

)

(39,785

)

PROVISIONS FOR LIABILITIES (168,701 ) (139,239 )
NET ASSETS 929,765 434,441

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 929,665 434,341
SHAREHOLDERS' FUNDS 929,765 434,441

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.

ASHFORD MINIBUSES LIMITED (REGISTERED NUMBER: 05959533)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 March 2025 and were signed by:





Mr K K Hughes - Director


ASHFORD MINIBUSES LIMITED (REGISTERED NUMBER: 05959533)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 May 2023 to 31 March 2024

1. STATUTORY INFORMATION

Ashford Minibuses 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.

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 2006, is being amortised evenly over its estimated useful life of twenty 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

ASHFORD MINIBUSES LIMITED (REGISTERED NUMBER: 05959533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 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 13 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS

Goodwill is written off over its estimated useful life and due to the downturn in the local travel trade the directors have reevaluated the life of the asset

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 139,705 1,489,846 1,629,551
Additions - 282,996 282,996
Disposals - (251,800 ) (251,800 )
At 31 March 2024 139,705 1,521,042 1,660,747
DEPRECIATION
At 1 May 2023 - 706,106 706,106
Charge for period - 97,562 97,562
Eliminated on disposal - (179,575 ) (179,575 )
At 31 March 2024 - 624,093 624,093
NET BOOK VALUE
At 31 March 2024 139,705 896,949 1,036,654
At 30 April 2023 139,705 783,740 923,445

ASHFORD MINIBUSES LIMITED (REGISTERED NUMBER: 05959533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2023 to 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 31 March 2024 295,474
DEPRECIATION
At 1 May 2023 83,959
Charge for period 44,975
At 31 March 2024 128,934
NET BOOK VALUE
At 31 March 2024 166,540
At 30 April 2023 211,515

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 31 March 2024 100
NET BOOK VALUE
At 31 March 2024 100
At 30 April 2023 100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.4.23
£    £   
Trade debtors 96,722 103,007
Amounts owed by associates 200,000 -
Other debtors 11,049 6,285
307,771 109,292

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 30.4.23
£    £   
Bank loans and overdrafts 10,648 10,648
Hire purchase contracts 167,950 55,631
Trade creditors 12,283 128,298
Taxation and social security 43,788 28,561
Other creditors 29,647 373,537
264,316 596,675

ASHFORD MINIBUSES LIMITED (REGISTERED NUMBER: 05959533)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2023 to 31 March 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 30.4.23
£    £   
Bank loans 20,919 29,845
Hire purchase contracts 126,619 9,940
147,538 39,785