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REGISTERED NUMBER: 05719721 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Davies Coaches Ltd

Davies Coaches Ltd (Registered number: 05719721)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Davies Coaches Ltd

Company Information
for the Year Ended 31st December 2024







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





SECRETARY: C Davies





REGISTERED OFFICE: The Training Yard
Cwmgwili
Llanelli
Carmarthenshire
SA14 6PP





REGISTERED NUMBER: 05719721 (England and Wales)





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

Davies Coaches Ltd (Registered number: 05719721)

Abridged Balance Sheet
31st December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,012,593 1,519,755
2,012,593 1,519,755

CURRENT ASSETS
Debtors 359,401 283,588
Cash at bank and in hand 434,798 511,517
794,199 795,105
CREDITORS
Amounts falling due within one year (391,510 ) (333,539 )
NET CURRENT ASSETS 402,689 461,566
TOTAL ASSETS LESS CURRENT LIABILITIES 2,415,282 1,981,321

CREDITORS
Amounts falling due after more than one
year

(206,890

)

(202,039

)

PROVISIONS FOR LIABILITIES 6 (373,389 ) (303,245 )
NET ASSETS 1,835,003 1,476,037

Davies Coaches Ltd (Registered number: 05719721)

Abridged Balance Sheet - continued
31st December 2024

31.12.24 31.12.23
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 1,834,993 1,476,027
1,835,003 1,476,037

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

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


Davies Coaches Ltd (Registered number: 05719721)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Davies Coaches Ltd 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.

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 reducing balance and 15% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year 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 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.

Davies Coaches Ltd (Registered number: 05719721)

Notes to the Financial Statements - continued
for the Year Ended 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 year was 70 (2023 - 43 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2024
and 31st December 2024 30,000
AMORTISATION
At 1st January 2024
and 31st December 2024 30,000
NET BOOK VALUE

At 31st December 2024 -
At 31st December 2023 -

Davies Coaches Ltd (Registered number: 05719721)

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

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st January 2024 2,021,975
Additions 755,344
At 31st December 2024 2,777,319
DEPRECIATION
At 1st January 2024 502,220
Charge for year 262,506
At 31st December 2024 764,726
NET BOOK VALUE
At 31st December 2024 2,012,593
At 31st December 2023 1,519,755

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

Totals
£   
COST
Additions 251,875
At 31st December 2024 251,875
DEPRECIATION
Charge for year 37,781
At 31st December 2024 37,781
NET BOOK VALUE
At 31st December 2024 214,094

6. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 373,389 303,245

Davies Coaches Ltd (Registered number: 05719721)

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

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st January 2024 303,245
Provided during year 70,144
Balance at 31st December 2024 373,389