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REGISTERED NUMBER: 08439005 (England and Wales)











Unaudited Financial Statements

for the Period

1st April 2024 to 31st December 2024

for

Ffoshelig Coaches Limited

Ffoshelig Coaches Limited (Registered number: 08439005)






Contents of the Financial Statements
for the Period 1st April 2024 to 31st December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Ffoshelig Coaches Limited

Company Information
for the Period 1st April 2024 to 31st December 2024







DIRECTORS: C Davies
A K Davies
C A Davies
M A Davies





REGISTERED OFFICE: The Old Colliery, Cwmgwili, Llanelli
SA14 6PP





REGISTERED NUMBER: 08439005 (England and Wales)





ACCOUNTANTS: Ashmole & Co
Chartered Certified Accountants
Castle House
High Street
Ammanford
Carmarthenshire
SA18 2NB

Ffoshelig Coaches Limited (Registered number: 08439005)

Abridged Balance Sheet
31st December 2024

31.12.24 31.3.24
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,373 14,244
Tangible assets 5 335,318 138,527
337,691 152,771

CURRENT ASSETS
Debtors 132,542 69,183
Cash at bank 258,532 136,452
391,074 205,635
CREDITORS
Amounts falling due within one year (182,805 ) (109,799 )
NET CURRENT ASSETS 208,269 95,836
TOTAL ASSETS LESS CURRENT LIABILITIES 545,960 248,607

CREDITORS
Amounts falling due after more than one
year

(186,822

)

(12,271

)

PROVISIONS FOR LIABILITIES (83,829 ) (34,632 )
NET ASSETS 275,309 201,704

Ffoshelig Coaches Limited (Registered number: 08439005)

Abridged Balance Sheet - continued
31st December 2024

31.12.24 31.3.24
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 2
Retained earnings 275,299 201,702
275,309 201,704

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the period ended 31st December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 Board of Directors and authorised for issue on 26th March 2025 and were signed on its behalf by:





A K Davies - Director


Ffoshelig Coaches Limited (Registered number: 08439005)

Notes to the Financial Statements
for the Period 1st April 2024 to 31st December 2024

1. STATUTORY INFORMATION

Ffoshelig 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.

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 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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

Ffoshelig Coaches Limited (Registered number: 08439005)

Notes to the Financial Statements - continued
for the Period 1st April 2024 to 31st December 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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2024 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2024
and 31st December 2024 59,356
AMORTISATION
At 1st April 2024 45,112
Amortisation for period 11,871
At 31st December 2024 56,983
NET BOOK VALUE

At 31st December 2024 2,373
At 31st March 2024 14,244

Ffoshelig Coaches Limited (Registered number: 08439005)

Notes to the Financial Statements - continued
for the Period 1st April 2024 to 31st December 2024

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2024 724,084
Additions 256,100
At 31st December 2024 980,184
DEPRECIATION
At 1st April 2024 585,557
Charge for period 59,309
At 31st December 2024 644,866
NET BOOK VALUE
At 31st December 2024 335,318
At 31st March 2024 138,527

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

Totals
£   
COST
Additions 255,000
At 31st December 2024 255,000
DEPRECIATION
Charge for period 38,250
At 31st December 2024 38,250
NET BOOK VALUE
At 31st December 2024 216,750