| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| FOR |
| CENTREBUS NORTH LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| FOR |
| CENTREBUS NORTH LIMITED |
| CENTREBUS NORTH LIMITED (REGISTERED NUMBER: 05649134) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
| CENTREBUS NORTH LIMITED (REGISTERED NUMBER: 05649134) |
| BALANCE SHEET |
| 30 APRIL 2024 |
| 30.4.24 | 30.4.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES | 8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| CENTREBUS NORTH LIMITED (REGISTERED NUMBER: 05649134) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| 1. | STATUTORY INFORMATION |
| Centrebus North Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. |
| Turnover relates to revenue earned from the rendering of services. These services relate to the operation of bus services. |
| Turnover is made up of on-bus revenue which is recognised immediately on receipt, as well as contract income which is recognised in line with the terms of the contact and at the point at the which the company has satisfied the relevant terms of the contract to be entitled to the income. |
| Tangible fixed assets |
| Public Service Vehicles | - |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| CENTREBUS NORTH LIMITED (REGISTERED NUMBER: 05649134) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | TANGIBLE FIXED ASSETS |
| Public |
| Service |
| Vehicles |
| £ |
| COST |
| At 1 May 2023 |
| Additions |
| Disposals | ( |
) |
| At 30 April 2024 |
| DEPRECIATION |
| At 1 May 2023 |
| Charge for year |
| At 30 April 2024 |
| NET BOOK VALUE |
| At 30 April 2024 |
| At 30 April 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.24 | 30.4.23 |
| £ | £ |
| Amounts owed by group undertakings |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 30.4.24 | 30.4.23 |
| £ | £ |
| Amounts owed to group undertakings |
| Other creditors |
| 8. | PROVISIONS FOR LIABILITIES |
| 30.4.24 | 30.4.23 |
| £ | £ |
| Deferred tax | 28,419 | - |
| Deferred |
| tax |
| £ |
| Provided during year |
| Balance at 30 April 2024 |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 30.4.24 | 30.4.23 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| CENTREBUS NORTH LIMITED (REGISTERED NUMBER: 05649134) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 APRIL 2024 |
| 10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 11. | 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. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Centrebus Limited. |