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REGISTERED NUMBER: 07684224 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

CENTREBUS EAST LTD

CENTREBUS EAST LTD (REGISTERED NUMBER: 07684224)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


CENTREBUS EAST LTD (REGISTERED NUMBER: 07684224)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 118,705 225,820
Investments 6 364,855 364,855
483,560 590,675

CURRENT ASSETS
Debtors 7 1,118,899 1,505,523
Cash at bank 203,288 43,458
1,322,187 1,548,981
CREDITORS
Amounts falling due within one year 8 1,194,659 1,614,747
NET CURRENT ASSETS/(LIABILITIES) 127,528 (65,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

611,088

524,909

CREDITORS
Amounts falling due after more than one
year

9

-

(20,336

)

PROVISIONS FOR LIABILITIES 11 (21,510 ) (46,417 )
NET ASSETS 589,578 458,156

CAPITAL AND RESERVES
Called up share capital 12 90 93
Capital redemption reserve 3 -
Retained earnings 589,485 458,063
SHAREHOLDERS' FUNDS 589,578 458,156

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 directors acknowledge their 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.

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 Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:



Mr C F Brown - Director


CENTREBUS EAST LTD (REGISTERED NUMBER: 07684224)

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

1. STATUTORY INFORMATION

Centrebus East Ltd 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: 07684224

Registered office: 43 Wenlock Way
Leicester
Leicestershire
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.

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.

Preparation of consolidated financial statements
The financial statements contain information about Centrebus East Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated 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 by companies within the group. 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
Fixtures, Fittings & equipment - 25% straight line

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.


CENTREBUS EAST LTD (REGISTERED NUMBER: 07684224)

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

3. 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.

Trade and other debtors
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivable are stated at cost less impairment losses for bad and doubtful debts

Trade and other creditors
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Public Fixtures,
Service Fittings
Vehicles & equipment Totals
£    £    £   
COST
At 1 May 2023 383,106 396,570 779,676
Disposals (53,350 ) - (53,350 )
At 30 April 2024 329,756 396,570 726,326
DEPRECIATION
At 1 May 2023 190,275 363,581 553,856
Charge for year 56,343 32,989 89,332
Eliminated on disposal (35,567 ) - (35,567 )
At 30 April 2024 211,051 396,570 607,621
NET BOOK VALUE
At 30 April 2024 118,705 - 118,705
At 30 April 2023 192,831 32,989 225,820

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 364,855
NET BOOK VALUE
At 30 April 2024 364,855
At 30 April 2023 364,855

CENTREBUS EAST LTD (REGISTERED NUMBER: 07684224)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 344,731 457,845
Amounts owed by group undertakings 215 215
Amounts owed by participating interests 709,762 988,890
Other debtors 64,191 58,573
1,118,899 1,505,523

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 20,336 65,835
Trade creditors 344,812 281,667
Amounts owed to group undertakings 138,080 138,080
Amounts owed to participating interests 107,020 587,629
Taxation and social security 34,781 49,603
Other creditors 549,630 491,933
1,194,659 1,614,747

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts - 20,336

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Hire purchase contracts 20,336 86,171

The hire purchase creditors are secured by charges over the specific assets involved.

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 21,510 46,417

Deferred
tax
£   
Balance at 1 May 2023 46,417
Provided during year (24,907 )
Balance at 30 April 2024 21,510

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
90 Ordinary £1 90 93

During the year, the company purchased 3 of its own shares for an amount of £50,000. The reduction in share capital has been reflected in the capital redemption reserve.

CENTREBUS EAST LTD (REGISTERED NUMBER: 07684224)

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

13. 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.

During the year the company recharged vehicle expenses of £90,985 to a related company. These recharges relate to vehicle running and finance costs, recharged on cost basis.

The company was recharged with fuel expenses of £28,369 and wages of £9665 in the year from a related company which again were recharged on cost basis.

At the year end date the company had an amount due from a related party of £709,762. At the same date the company had amounts owing to related parties of £107,020.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J H Peddle.