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REGISTERED NUMBER: 05649134 (England and Wales)













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 5 888,278 701,569

CURRENT ASSETS
Debtors 6 134,672 1,503
Cash at bank 157,888 400,571
292,560 402,074
CREDITORS
Amounts falling due within one year 7 190,001 483,308
NET CURRENT ASSETS/(LIABILITIES) 102,559 (81,234 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

990,837

620,335

PROVISIONS FOR LIABILITIES 8 28,419 -
NET ASSETS 962,418 620,335

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 962,417 620,334
SHAREHOLDERS' FUNDS 962,418 620,335

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 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 23 May 2025 and were signed on its behalf by:





Mr C F Brown - Director


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 private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05649134

Registered office: 43 Wenlock Way
Leicester
LE4 9HU

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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, 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Public Service Vehicles - Over periods of upto 15 years

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 168 (2023 - 164 ) .

5. TANGIBLE FIXED ASSETS
Public
Service
Vehicles
£   
COST
At 1 May 2023 1,318,570
Additions 420,500
Disposals (3,500 )
At 30 April 2024 1,735,570
DEPRECIATION
At 1 May 2023 617,001
Charge for year 230,291
At 30 April 2024 847,292
NET BOOK VALUE
At 30 April 2024 888,278
At 30 April 2023 701,569

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed by group undertakings 133,622 -
Other debtors 1,050 1,503
134,672 1,503

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Amounts owed to group undertakings - 483,308
Other creditors 190,001 -
190,001 483,308

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 28,419 -

Deferred
tax
£   
Provided during year 28,419
Balance at 30 April 2024 28,419

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 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.

Catherine Rogers BSc FCA (Senior Statutory Auditor)
for and on behalf of Sumer Auditco Limited

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.