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REGISTERED NUMBER: SC531567 (Scotland)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CTA COACH REPAIRS LIMITED

CTA COACH REPAIRS LIMITED (REGISTERED NUMBER: SC531567)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CTA COACH REPAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: B Wardrope





REGISTERED OFFICE: Stanley House
69-71 Hamilton Road
Motherwel
ML1 3DG





REGISTERED NUMBER: SC531567 (Scotland)





ACCOUNTANTS: McDaid & Partners
Stanley House
69/71 Hamilton Road
Motherwell
Lanarkshire
ML1 3DG

CTA COACH REPAIRS LIMITED (REGISTERED NUMBER: SC531567)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 149,926 201,562

CURRENT ASSETS
Stocks 43,557 100,000
Debtors 5 29,954 35,655
Cash at bank 59,778 34,788
133,289 170,443
CREDITORS
Amounts falling due within one year 6 164,589 133,040
NET CURRENT (LIABILITIES)/ASSETS (31,300 ) 37,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,626

238,965

CREDITORS
Amounts falling due after more than one
year

7

(165,651

)

(203,922

)

PROVISIONS FOR LIABILITIES - (15,549 )
NET (LIABILITIES)/ASSETS (47,025 ) 19,494

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (47,125 ) 19,394
SHAREHOLDERS' FUNDS (47,025 ) 19,494

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CTA COACH REPAIRS LIMITED (REGISTERED NUMBER: SC531567)

BALANCE SHEET - continued
30 APRIL 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2025 and were signed by:





B Wardrope - Director


CTA COACH REPAIRS LIMITED (REGISTERED NUMBER: SC531567)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

CTA Coach Repairs Limited is a private company, limited by shares , registered in Scotland. 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.
Property improvements - 2% on cost
Plant & machinery - 20% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33.33% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 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.

Going concern
At the balance sheet date the company had net current liabilities.The director has agreed to support the business for the foreseeable future and on this basis the accounts are prepared on the going concern basis.

Government grants
Government grants are eligible for recognition within the financial statements once they become receivable

CTA COACH REPAIRS LIMITED (REGISTERED NUMBER: SC531567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Basic financial instruments
Trade debtors
Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors
Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash
Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Property Plant & Motor Computer
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 54,713 85,155 144,905 9,124 293,897
Additions - 18,363 163,561 1,021 182,945
Disposals (43,259 ) (59,855 ) (159,125 ) (9,124 ) (271,363 )
At 30 April 2024 11,454 43,663 149,341 1,021 205,479
DEPRECIATION
At 1 May 2023 1,742 42,369 43,274 4,950 92,335
Charge for year 878 9,728 37,561 1,253 49,420
Eliminated on disposal (1,895 ) (42,565 ) (35,652 ) (6,090 ) (86,202 )
At 30 April 2024 725 9,532 45,183 113 55,553
NET BOOK VALUE
At 30 April 2024 10,729 34,131 104,158 908 149,926
At 30 April 2023 52,971 42,786 101,631 4,174 201,562

CTA COACH REPAIRS LIMITED (REGISTERED NUMBER: SC531567)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 28,452 34,341
Other debtors 1,502 1,314
29,954 35,655

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 9,959 9,711
Hire purchase contracts 25,130 25,685
Trade creditors 44,948 20,031
Taxation and social security 81,331 75,110
Other creditors 3,221 2,503
164,589 133,040

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 43,662 61,291
Other creditors 121,989 142,631
165,651 203,922

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
B Wardrope
Balance outstanding at start of year 120,841 117,368
Amounts advanced - 35,242
Amounts repaid (10,436 ) (31,769 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 110,405 120,841

Loans from the director are interest free and repayable upon demand.