Arvonia Coaches Ltd 31/12/2024 iXBRL

Company registration number: 02752976

Arvonia Coaches Ltd

Unaudited filleted financial statements

31 December 2024

Arvonia Coaches Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Arvonia Coaches Ltd

Directors and other information


	Directors	Mrs Rhiannon Stokes
		Mr Marcus Stokes
		Mr Sion Stokes


	Secretary	Mrs Rhiannon Stokes


	Company number	02752976


	Registered office	The Square
		Llanrug
		Gwynedd
		LL55 4AA


	Business address	The Square
		Llanrug
		Gwynedd
		LL55 4AA


	Accountants	Parker, O'Regan, Tann & Co
		Bangor Business Centre
		2 Farrar Road
		Bangor
		Gwynedd
		LL57 1LJ




	Bankers	Barclays Bank
		273 High Street
		Bangor
		Gwynedd
		LL57 1UE

Arvonia Coaches Ltd

Chartered Certified accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Arvonia Coaches Ltd

Year ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Arvonia Coaches Ltd for the year ended 31 December 2024 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com.

This report is made solely to the board of directors of Arvonia Coaches Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Arvonia Coaches Ltd and state those matters that we have agreed to state to the board of directors of Arvonia Coaches Ltd as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Arvonia Coaches Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Arvonia Coaches Ltd 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 Arvonia Coaches Ltd. You consider that Arvonia Coaches Ltd 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 Arvonia Coaches Ltd. 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.

Parker, O'Regan, Tann & Co

Chartered Certified Accountants

Bangor Business Centre

2 Farrar Road

Bangor

Gwynedd

LL57 1LJ

26 February 2025

Arvonia Coaches Ltd

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	168,844		166,947
		_______		_______
			168,844		166,947

Current assets
Stocks		8,334		7,801
Debtors	6	103,288		89,445
Cash at bank and in hand		940,823		795,336
		_______		_______
		1,052,445		892,582
Creditors: amounts falling due
within one year	7	( 612,695)		( 506,442)
		_______		_______
Net current assets			439,750		386,140
			_______		_______
Total assets less current liabilities			608,594		553,087

Creditors: amounts falling due
after more than one year	8		( 7,500)		( 17,500)

Provisions for liabilities			( 1,768)		( 7,709)

			_______		_______
Net assets			599,326		527,878
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			599,226		527,778
			_______		_______
Shareholders funds			599,326		527,878
			_______		_______

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 26 February 2025 , and are signed on behalf of the board by:

Mr Sion Stokes

Director

Company registration number: 02752976

Arvonia Coaches Ltd

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Arvonia Coaches Ltd, The Square, Llanrug, Gwynedd, LL55 4AA.

2. Statement of compliance

These financial statements have been prepared in accordance with Section 1A of FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents the services provided as coach tour operators during the year. Turnover excludes value added tax and is net of trade discounts.Turnover from tour services is recognised when the service has been completed.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Land and freehold property	-	Nil
Plant and machinery	-	25 %	straight line
Fittings fixtures and equipment	-	12.5 %	straight line
Motor vehicles	-	10 %	straight line

No depreciation is charged on the land.The directors have undertaken an impairment review of the property and are of the opinion that the property has not diminished in value. On this basis no depreciation has been charged on the property.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stock is valued at the lower of cost and net realisable value.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2023: 7 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 January 2024	126,374	94,073	22,940	609,230	852,617
Additions	33,164	-	647	-	33,811
Disposals	-	-	-	( 309,615)	( 309,615)
	_______	_______	_______	_______	_______
At 31 December 2024	159,538	94,073	23,587	299,615	576,813
	_______	_______	_______	_______	_______
Depreciation
At 1 January 2024	-	94,072	12,329	579,269	685,670
Charge for the year	-	-	1,953	29,960	31,913
Disposals	-	-	-	( 309,614)	( 309,614)
	_______	_______	_______	_______	_______
At 31 December 2024	-	94,072	14,282	299,615	407,969
	_______	_______	_______	_______	_______
Carrying amount
At 31 December 2024	159,538	1	9,305	-	168,844
	_______	_______	_______	_______	_______
At 31 December 2023	126,374	1	10,611	29,961	166,947
	_______	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	-	2,029
Other debtors	103,288	87,416
	_______	_______
	103,288	89,445
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	146,146	152,915
Corporation tax	42,974	38,326
Social security and other taxes	12,924	6,420
Other creditors	400,651	298,781
	_______	_______
	612,695	506,442
	_______	_______

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	7,500	17,500
	_______	_______

9. Other financial commitments

At 31 December 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £22,061 (2023 - £31,190).