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REGISTERED NUMBER: 06291076 (England and Wales)












Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 30 September 2024

for

Acklam's Coaches Limited

Acklam's Coaches Limited (Registered number: 06291076)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Comprehensive Income 7

Balance Sheet 8

Statement of Changes in Equity 9

Notes to the Financial Statements 10


Acklam's Coaches Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A Acklam
Mrs N M Acklam





SECRETARY: Mrs J Ventress





REGISTERED OFFICE: Barmston Close
Swinemoor Lane
Beverley
East Yorkshire
HU17 0LA





REGISTERED NUMBER: 06291076 (England and Wales)





AUDITORS: Try Lunn & Co
Chartered Accountants
and Statutory Auditors
Roland House
Princes Dock Street
HULL HU1 2LD

Acklam's Coaches Limited (Registered number: 06291076)

Strategic Report
for the Year Ended 30 September 2024

The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
The Business has continued to grow in 2023-2024.

2023-24 saw sales once again reach their highest levels. Margins remained strong. Growth was made possible by the combined efforts of the people working within the business and continued investment in maintaining and expanding of the vehicle fleet.

2024-25 continues to see the business being well positioned for the future, trading levels remain strong and the Directors are confident of continual growth for the full year.

PRINCIPAL RISKS AND UNCERTAINTIES
Significant risks faced by the business continues to be the quality and reliability of the vehicle fleet and drivers. The focus is to maintain the fleet of vehicles to the required standards. To that end the fleet undergoes regular mechanical checks and servicing.

KEY PERFORMANCE INDICATORS
The company monitor a number of key performance indicators across the business, the main KPI's are as follows:

2024 2023

Turnover £12,542,210 £12,443,553
Gross margin 24.70% 27.35%
Profit before tax £1,158,008 £1,440,439

ON BEHALF OF THE BOARD:





A Acklam - Director


28 March 2025

Acklam's Coaches Limited (Registered number: 06291076)

Report of the Directors
for the Year Ended 30 September 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

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

DIVIDENDS
The director recommends that no final dividend be paid.

The total distribution of dividends for the year ended 30 September 2024 was £97,800.

DIRECTORS
A Acklam has held office during the whole of the period from 1 October 2023 to the date of this report.

Other changes in directors holding office are as follows:

Mrs N M Acklam - appointed 1 October 2023

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Try Lunn & Co, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A Acklam - Director


28 March 2025

Report of the Independent Auditors to the Members of
Acklam's Coaches Limited

Opinion
We have audited the financial statements of Acklam's Coaches Limited (the 'company') for the year ended 30 September 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
Acklam's Coaches Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

We focussed on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation, enquiries with management. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
Acklam's Coaches Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Andrew Ewart F.C.A. F.C.C.A. (Senior Statutory Auditor)
for and on behalf of Try Lunn & Co
Chartered Accountants
and Statutory Auditors
Roland House
Princes Dock Street
HULL HU1 2LD

1 April 2025

Acklam's Coaches Limited (Registered number: 06291076)

Statement of Comprehensive Income
for the Year Ended 30 September 2024

2024 2023
Notes £    £   

TURNOVER 12,542,210 12,443,553

Cost of sales 9,446,128 9,040,198
GROSS PROFIT 3,096,082 3,403,355

Administrative expenses 1,646,773 1,694,856
1,449,309 1,708,499

Other operating income - 600
OPERATING PROFIT 4 1,449,309 1,709,099


Interest payable and similar expenses 5 291,301 268,660
PROFIT BEFORE TAXATION 1,158,008 1,440,439

Tax on profit 6 311,348 325,698
PROFIT FOR THE FINANCIAL YEAR 846,660 1,114,741

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

846,660

1,114,741

Acklam's Coaches Limited (Registered number: 06291076)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 8 32,250 45,250
Tangible assets 9 7,569,549 6,596,886
7,601,799 6,642,136

CURRENT ASSETS
Stocks 10 31,642 15,935
Debtors 11 3,185,158 3,134,163
Cash at bank and in hand 484,413 530,148
3,701,213 3,680,246
CREDITORS
Amounts falling due within one year 12 2,318,401 2,166,539
NET CURRENT ASSETS 1,382,812 1,513,707
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,984,611

8,155,843

CREDITORS
Amounts falling due after more than one
year

13

(3,123,945

)

(3,355,385

)

PROVISIONS FOR LIABILITIES 17 (1,368,291 ) (1,056,943 )
NET ASSETS 4,492,375 3,743,515

CAPITAL AND RESERVES
Called up share capital 18 100 100
Retained earnings 19 4,492,275 3,743,415
SHAREHOLDERS' FUNDS 4,492,375 3,743,515

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





A Acklam - Director


Acklam's Coaches Limited (Registered number: 06291076)

Statement of Changes in Equity
for the Year Ended 30 September 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 100 2,677,574 2,677,674

Changes in equity
Dividends - (48,900 ) (48,900 )
Total comprehensive income - 1,114,741 1,114,741
Balance at 30 September 2023 100 3,743,415 3,743,515

Changes in equity
Dividends - (97,800 ) (97,800 )
Total comprehensive income - 846,660 846,660
Balance at 30 September 2024 100 4,492,275 4,492,375

Acklam's Coaches Limited (Registered number: 06291076)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Acklam's 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows;
the requirement of paragraph 3.17(d);
the requirement of paragraph 33.7.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax and is recognised in full on departure of the coaches.

Goodwill
Goodwill, being the amount paid in connection with the aquisition of businesses in 2016, 2020 and 2023 is being amortised evenly over its estimated useful life of 5 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.
Freehold property - 10% on cost
Plant and machinery - 10% on cost and at varying rates on cost
Motor vehicles - 25% on cost and 12.5% on cost
Office equipment - 25% on cost and 10% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. 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 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.


Acklam's Coaches Limited (Registered number: 06291076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
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.

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.

Defined contributions pension plan
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the group has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the group in independently administered funds

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS
2024 2023
£    £   
Wages and salaries 4,573,696 4,462,354
Social security costs 430,089 426,258
Other pension costs 83,072 81,738
5,086,857 4,970,350

Acklam's Coaches Limited (Registered number: 06291076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023

Drivers 115 122
Maintenance 30 29
Administration 23 20
168 171

2024 2023
£    £   
Directors' remuneration 29,125 23,629
Directors' pension contributions to money purchase schemes 190 190

4. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2024 2023
£    £   
Other operating leases 242,570 208,193
Depreciation - owned assets 350,268 328,665
Depreciation - assets on hire purchase contracts 753,515 659,513
(Profit)/loss on disposal of fixed assets (275,653 ) 316
Goodwill amortisation 13,000 7,750
Auditors' remuneration 3,575 3,575

5. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank loan interest 54,742 67,079
Hire purchase 236,559 201,581
291,301 268,660

6. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Deferred tax 311,348 325,698
Tax on profit 311,348 325,698

7. DIVIDENDS
2024 2023
£    £   
Ordinary shares of £1 each
Interim 97,800 48,900

Acklam's Coaches Limited (Registered number: 06291076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

8. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 185,000
AMORTISATION
At 1 October 2023 139,750
Amortisation for year 13,000
At 30 September 2024 152,750
NET BOOK VALUE
At 30 September 2024 32,250
At 30 September 2023 45,250

9. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 347,623 255,005 12,518,887 78,959 13,200,474
Additions - 13,000 2,181,537 3,256 2,197,793
Disposals - - (826,358 ) - (826,358 )
At 30 September 2024 347,623 268,005 13,874,066 82,215 14,571,909
DEPRECIATION
At 1 October 2023 17,290 184,168 6,342,397 59,733 6,603,588
Charge for year 34,840 26,801 1,033,157 8,985 1,103,783
Eliminated on disposal - - (705,011 ) - (705,011 )
At 30 September 2024 52,130 210,969 6,670,543 68,718 7,002,360
NET BOOK VALUE
At 30 September 2024 295,493 57,036 7,203,523 13,497 7,569,549
At 30 September 2023 330,333 70,837 6,176,490 19,226 6,596,886

Acklam's Coaches Limited (Registered number: 06291076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 October 2023 6,800,230
Additions 2,082,665
Disposals (378,400 )
Transfer to ownership (989,579 )
At 30 September 2024 7,514,916
DEPRECIATION
At 1 October 2023 1,811,763
Charge for year 753,515
Eliminated on disposal (366,575 )
Transfer to ownership (485,332 )
At 30 September 2024 1,713,371
NET BOOK VALUE
At 30 September 2024 5,801,545
At 30 September 2023 4,988,467

10. STOCKS
2024 2023
£    £   
Stocks 31,642 15,935

11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,475,275 1,684,584
Amounts owed by group undertakings 998,421 1,015,868
Other debtors 416,884 150,867
VAT 148,642 134,141
Prepayments and accrued income 145,936 148,703
3,185,158 3,134,163

12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans (see note 14) 250,000 250,000
Hire purchase contracts (see note 15) 1,220,833 1,036,206
Trade creditors 589,840 631,760
Social security and other taxes 141,099 121,338
Other creditors 17,697 23,548
Directors' current accounts 236 868
Accruals and other creditors 98,696 102,819
2,318,401 2,166,539

Acklam's Coaches Limited (Registered number: 06291076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

13. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loans (see note 14) - 479,166
Hire purchase contracts (see note 15) 3,123,945 2,876,219
3,123,945 3,355,385

14. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 250,000 250,000

Amounts falling due between one and two years:
Other loans - 1-2 years - 479,166

15. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 1,220,833 1,036,206
Between one and five years 2,920,468 2,637,276
In more than five years 203,477 238,943
4,344,778 3,912,425


16. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans 250,000 729,166
Hire purchase contracts 4,344,778 3,912,425
4,594,778 4,641,591

The CBILS loan borrowings are secured by way of a group guarantee over the Group's property and assets. The director has provided a joint and several personal guarantee in respect of the obligations of £250,000 and pledged personal assets as a security for the borrowings.

The hire purchase creditors are secured against the assets concerned.

Acklam's Coaches Limited (Registered number: 06291076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

17. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Tax losses carried forward (353,901 ) (299,297 )
Accelerated capital allowances 1,722,192 1,356,240
1,368,291 1,056,943

Deferred
tax
£   
Balance at 1 October 2023 1,056,943
Charged to Statement of
Comprehensive Income 311,348
Balance at 30 September 2024 1,368,291

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

19. RESERVES
Retained
earnings
£   

At 1 October 2023 3,743,415
Profit for the year 846,660
Dividends (97,800 )
At 30 September 2024 4,492,275

20. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme ae held separately from those of the company in a independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounts to £83,072 (2023 - £81,738). Contributions totalling £19,293 (2023 - £14,862) were payable to the find at the balance sheet date.

21. ULTIMATE PARENT COMPANY

The ultimate controlling party is A. Acklam.

The ultimate parent company is Acklams Properties Limited which is registered in England and Wales.

Acklams Properties Limited is the parent undertaking of the group for which group accounts are prepared and of which the company is a member. Copies of Acklams Properties Limited accounts can be obtained from Companies House, Crown Way, Cardiff, CF3 3UZ.

Acklam's Coaches Limited (Registered number: 06291076)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

22. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 1,471,000 1,313,385

23. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Elite Coachworks Limited

Elite Coachworks Limited is a company controlled by A Acklam.

During the year Elite Coachworks Limited charged Acklam's Coaches Limited £152,720 (2023 - £82,523) for goods and services.

At 30 September 2024 £127,611 was owed to Elite Coachworks Limited (2023 - £54,177) was owed by Elite Coachworks Limited.

Elite Commercials (EY) Limited

Elite Commercials (EY) Limited is a company controlled by A Acklam.

During the year Acklam's Coaches Limited charged Elite Commercials (EY) Limited £21,476 (2023 - £nil) for goods and services.

At 30 September 2024 £26,288 was owed by Elite Commercials (EY) Limited (2023 - £nil).

Elite Properties (EY) Limited

Elite Properties (EY) Limited is a company controlled by A Acklam.

During the year Acklam's Coaches Limited loaned money to Elite Properties (EY) Limited £284,807 (2023 - £nil). The loan is interest free and repayable on demand.

At 30 September 2024 £284,807 was owed by Elite Properties (EY) Limited (2023 - £nil).