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REGISTERED NUMBER: 03506573











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

LANDMARK COACHES LIMITED

LANDMARK COACHES LIMITED (REGISTERED NUMBER: 03506573)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LANDMARK COACHES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: M Blatchly





SECRETARY: Bradshaw Johnson Secretarial Limited





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Herts
SG5 1JQ





REGISTERED NUMBER: 03506573





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

LANDMARK COACHES LIMITED (REGISTERED NUMBER: 03506573)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 928,513 749,779

CURRENT ASSETS
Debtors 5 198,604 158,968
Cash at bank and in hand 52,978 74,645
251,582 233,613
CREDITORS
Amounts falling due within one year 6 542,285 435,910
NET CURRENT LIABILITIES (290,703 ) (202,297 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

637,810

547,482

CREDITORS
Amounts falling due after more than one year 7 (335,756 ) (161,088 )

PROVISIONS FOR LIABILITIES (111,803 ) (122,238 )
NET ASSETS 190,251 264,156

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 190,151 264,056
SHAREHOLDERS' FUNDS 190,251 264,156

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

LANDMARK COACHES LIMITED (REGISTERED NUMBER: 03506573)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 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 21 May 2025 and were signed by:





M Blatchly - Director


LANDMARK COACHES LIMITED (REGISTERED NUMBER: 03506573)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Landmark Coaches Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

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.

The company retains the full financial support of the director for the long term, and as such these accounts have been prepared on a going concern basis

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 5% on cost and 10% and 12.5% on reducing balance

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

LANDMARK COACHES LIMITED (REGISTERED NUMBER: 03506573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 28,187 5,119 1,107,754 1,141,060
Additions 24,800 - 419,185 443,985
Disposals - - (316,138 ) (316,138 )
At 31 July 2024 52,987 5,119 1,210,801 1,268,907
DEPRECIATION
At 1 August 2023 23,291 5,119 362,871 391,281
Charge for year 3,834 - 68,412 72,246
Eliminated on disposal - - (123,133 ) (123,133 )
At 31 July 2024 27,125 5,119 308,150 340,394
NET BOOK VALUE
At 31 July 2024 25,862 - 902,651 928,513
At 31 July 2023 4,896 - 744,883 749,779

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 622,616
Additions 319,685
At 31 July 2024 942,301
DEPRECIATION
At 1 August 2023 179,729
Charge for year 39,909
At 31 July 2024 219,638
NET BOOK VALUE
At 31 July 2024 722,663
At 31 July 2023 442,887

LANDMARK COACHES LIMITED (REGISTERED NUMBER: 03506573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 184,877 105,565
Other debtors - 43,314
VAT 13,727 9,076
Prepayments and accrued income - 1,013
198,604 158,968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 64,900 85,306
Hire purchase contracts 93,318 68,959
Trade creditors 51,622 35,411
Tax - 16
Social security and other taxes 4,927 5,753
Pension liability - 213
Other creditors 140,730 6,382
Director's current account 173,143 227,210
Accrued expenses 13,645 6,660
542,285 435,910

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 335,756 161,088

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank overdrafts 64,900 85,306

Skipton Business Finance Limited hold a floating charge over all the assets and undertakings of the company.

LANDMARK COACHES LIMITED (REGISTERED NUMBER: 03506573)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

9. RELATED PARTY DISCLOSURES

The company has two associated companies, Landmark Vehicle Hire Limited and Hilo Transport (U.K.) Limited, which are also controlled by Mr M Blatchly.

At the year end, £150,411 was due to Landmark Vehicle Hire Limited and is shown within other creditors (2023: £29,347 due from Landmark Vehicle Hire Limited in other debtors), £13,967 was due from Hilo Transport (U.K.) Limited and is shown within other creditors (2023: £13,967 due from Hilo Transport (U.K.) Limited in other debtors).

At the year end £173,143 was due to the director Mr M Blatchly (2023: £227,210).