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REGISTERED NUMBER: 01650503 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Chivers Coaches Limited

Chivers Coaches Limited (Registered number: 01650503)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Report of the Directors 2

Chartered Accountants' Report 3

Income Statement 4

Statement of Financial Position 5

Notes to the Financial Statements 7


Chivers Coaches Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M J Chivers
P Chivers
L M Lucas
S G Lucas





SECRETARY: M J Chivers





REGISTERED OFFICE: 40 Leighton Gardens
South Croydon
Surrey
CR2 9DY





REGISTERED NUMBER: 01650503 (England and Wales)





ACCOUNTANTS: PB Partners LLP
Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY

Chivers Coaches Limited (Registered number: 01650503)

Report of the Directors
for the Year Ended 31 October 2024

The directors present their report with the financial statements of the company for the year ended 31 October 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of coach hire.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2023 to the date of this report.

M J Chivers
P Chivers
L M Lucas

Other changes in directors holding office are as follows:

S G Lucas - appointed 1 September 2024

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





L M Lucas - Director


24 March 2025

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Chivers Coaches Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chivers Coaches Limited for the year ended 31 October 2024 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chivers Coaches Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chivers Coaches Limited and state those matters that we have agreed to state to the Board of Directors of Chivers Coaches Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chivers Coaches Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chivers Coaches Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chivers Coaches Limited. You consider that Chivers Coaches Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chivers Coaches Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






PB Partners LLP
Endeavour House
78 Stafford Road
Wallington
Surrey
SM6 9AY


24 March 2025

Chivers Coaches Limited (Registered number: 01650503)

Income Statement
for the Year Ended 31 October 2024

Period
1/7/23
Year Ended to
31/10/24 31/10/23
Notes £    £   

TURNOVER 436,296 326,205

Cost of sales 247,665 171,693
GROSS PROFIT 188,631 154,512

Administrative expenses 55,390 87,918
133,241 66,594

Other operating income 150 250
OPERATING PROFIT 4 133,391 66,844

Interest receivable and similar income 154 118
133,545 66,962

Interest payable and similar expenses 5 18,710 12,035
PROFIT BEFORE TAXATION 114,835 54,927

Tax on profit 16,840 (5,169 )
PROFIT FOR THE FINANCIAL YEAR 97,995 60,096

Chivers Coaches Limited (Registered number: 01650503)

Statement of Financial Position
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 482,933 329,741
482,933 329,741

CURRENT ASSETS
Debtors 7 63,299 75,557
Cash at bank and in hand 3,507 2,761
66,806 78,318
CREDITORS
Amounts falling due within one year 8 227,602 200,505
NET CURRENT LIABILITIES (160,796 ) (122,187 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

322,137

207,554

CREDITORS
Amounts falling due after more than one
year

9

(202,550

)

(202,802

)

PROVISIONS FOR LIABILITIES (16,840 ) -
NET ASSETS 102,747 4,752

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 102,647 4,652
102,747 4,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Chivers Coaches Limited (Registered number: 01650503)

Statement of Financial Position - continued
31 October 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:





L M Lucas - Director


Chivers Coaches Limited (Registered number: 01650503)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Chivers Coaches 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% per annum 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Chivers Coaches Limited (Registered number: 01650503)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. OPERATING PROFIT

The operating profit is stated after charging:

Period
1/7/23
Year Ended to
31/10/24 31/10/23
£    £   
Depreciation - owned assets 27,235 30,354

5. INTEREST PAYABLE AND SIMILAR EXPENSES
Period
1/7/23
Year Ended to
31/10/24 31/10/23
£    £   
Bank loan interest 569 816
Other interest - 374
Hire purchase 18,141 10,845
18,710 12,035

6. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 November 2023 387,500
Additions 196,500
Disposals (52,500 )
At 31 October 2024 531,500
DEPRECIATION
At 1 November 2023 57,759
Charge for year 27,235
Eliminated on disposal (36,427 )
At 31 October 2024 48,567
NET BOOK VALUE
At 31 October 2024 482,933
At 31 October 2023 329,741

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,582 28,836
Social security and other taxes 32,717 46,721
63,299 75,557

Chivers Coaches Limited (Registered number: 01650503)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 16,362 9,912
Hire purchase contracts 159,011 125,181
Trade creditors 17,386 12,435
Social security and other taxes 5,537 2,226
Other creditors 2,529 6,500
Directors' current accounts 21,482 39,266
Accruals and deferred income 5,295 4,985
227,602 200,505

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 9,542 10,163
Bank loans - 2-5 years 2,394 12,061
Hire purchase contracts 190,614 180,578
202,550 202,802

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L M Lucas.