Silverfin false false 28/02/2025 01/03/2024 28/02/2025 William Robin Blowfield 24/02/2020 19 May 2025 The principal activity of the company continued to be that of the sale of both buses and coaches. 12477541 2025-02-28 12477541 bus:Director1 2025-02-28 12477541 2024-02-29 12477541 core:CurrentFinancialInstruments 2025-02-28 12477541 core:CurrentFinancialInstruments 2024-02-29 12477541 core:Non-currentFinancialInstruments 2025-02-28 12477541 core:Non-currentFinancialInstruments 2024-02-29 12477541 core:ShareCapital 2025-02-28 12477541 core:ShareCapital 2024-02-29 12477541 core:RetainedEarningsAccumulatedLosses 2025-02-28 12477541 core:RetainedEarningsAccumulatedLosses 2024-02-29 12477541 core:LandBuildings 2024-02-29 12477541 core:OtherPropertyPlantEquipment 2024-02-29 12477541 core:LandBuildings 2025-02-28 12477541 core:OtherPropertyPlantEquipment 2025-02-28 12477541 bus:OrdinaryShareClass1 2025-02-28 12477541 2024-03-01 2025-02-28 12477541 bus:FilletedAccounts 2024-03-01 2025-02-28 12477541 bus:SmallEntities 2024-03-01 2025-02-28 12477541 bus:AuditExemptWithAccountantsReport 2024-03-01 2025-02-28 12477541 bus:PrivateLimitedCompanyLtd 2024-03-01 2025-02-28 12477541 bus:Director1 2024-03-01 2025-02-28 12477541 core:LandBuildings core:TopRangeValue 2024-03-01 2025-02-28 12477541 core:OtherPropertyPlantEquipment core:BottomRangeValue 2024-03-01 2025-02-28 12477541 core:OtherPropertyPlantEquipment core:TopRangeValue 2024-03-01 2025-02-28 12477541 2023-03-01 2024-02-29 12477541 core:LandBuildings 2024-03-01 2025-02-28 12477541 core:OtherPropertyPlantEquipment 2024-03-01 2025-02-28 12477541 bus:OrdinaryShareClass1 2024-03-01 2025-02-28 12477541 bus:OrdinaryShareClass1 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure xbrli:shares

Company No: 12477541 (England and Wales)

BUS AND COACH CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH THE REGISTRAR

BUS AND COACH CENTRE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025

Contents

BUS AND COACH CENTRE LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
BUS AND COACH CENTRE LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
DIRECTOR William Robin Blowfield
REGISTERED OFFICE Lyehill Depot Wheatley Road
Forest Hill
Wheatley
OX33 1EP
United Kingdom
COMPANY NUMBER 12477541 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
264 Banbury Road
Oxford
OX2 7DY
United Kingdom
BUS AND COACH CENTRE LIMITED

BALANCE SHEET

AS AT 28 FEBRUARY 2025
BUS AND COACH CENTRE LIMITED

BALANCE SHEET (continued)

AS AT 28 FEBRUARY 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 4 31,273 38,862
31,273 38,862
Current assets
Stocks 5 110,000 137,656
Debtors 6 65,244 57,568
Cash at bank and in hand 138,780 179,052
314,024 374,276
Creditors: amounts falling due within one year 7 ( 193,839) ( 255,831)
Net current assets 120,185 118,445
Total assets less current liabilities 151,458 157,307
Creditors: amounts falling due after more than one year 8 ( 22,122) ( 42,724)
Provision for liabilities ( 7,080) ( 8,384)
Net assets 122,256 106,199
Capital and reserves
Called-up share capital 9 1 1
Profit and loss account 122,255 106,198
Total shareholder's funds 122,256 106,199

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Bus and Coach Centre Limited (registered number: 12477541) were approved and authorised for issue by the Director on 19 May 2025. They were signed on its behalf by:

William Robin Blowfield
Director
BUS AND COACH CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
BUS AND COACH CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 28 FEBRUARY 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bus and Coach Centre Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Lyehill Depot Wheatley Road, Forest Hill, Wheatley, OX33 1EP, United Kingdom.

The financial statements have been prepared under the historical cost convention in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer which is usually on dispatch.

Employee benefits

Short term benefits
Termination benefits are recognised as an expense when the Company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery etc. 3 - 4 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

2. Critical accounting judgements and key sources of estimation uncertainty

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

3. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including the director 5 5

4. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 March 2024 0 66,756 66,756
Additions 3,250 4,118 7,368
At 28 February 2025 3,250 70,874 74,124
Accumulated depreciation
At 01 March 2024 0 27,894 27,894
Charge for the financial year 298 14,659 14,957
At 28 February 2025 298 42,553 42,851
Net book value
At 28 February 2025 2,952 28,321 31,273
At 29 February 2024 0 38,862 38,862

5. Stocks

2025 2024
£ £
Stocks 110,000 137,656

6. Debtors

2025 2024
£ £
Trade debtors 27,300 39,994
Other debtors 37,944 17,574
65,244 57,568

7. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans 10,648 10,648
Trade creditors 149,230 34,849
Taxation and social security 9,287 44,908
Obligations under finance leases and hire purchase contracts 10,788 9,650
Other creditors 13,886 155,776
193,839 255,831

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

2025 2024
£ £
Bank loans 9,262 19,275
Obligations under finance leases and hire purchase contracts 12,860 23,449
22,122 42,724

9. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1 1

10. Related party transactions

Other related party transactions

As at the year end the company was owed £9,794.55 (2024: £15,500) from Calibre D2D Ltd, a company with a common director. The loan is interest free and repayable on demand.
As at the year end the company was owed £8.33 (2024: £Nil) from Universal Business Finance Ltd, a company with a common director. The loan is interest free and repayable on demand.
As at the year end the company owed its director £8,339.56 (2024: £28,961). The loan is interest free and repayable on demand.

11. Ultimate controlling party

The ultimate controlling party is Mr W Blowfield by virtue of his shareholding.