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REGISTERED NUMBER: SC311226 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 August 2024

for

KC COACHES LIMITED

KC COACHES LIMITED (REGISTERED NUMBER: SC311226)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KC COACHES LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTOR: Mrs K Cowan





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
Lanarkshire
ML1 1XA





REGISTERED NUMBER: SC311226 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

KC COACHES LIMITED (REGISTERED NUMBER: SC311226)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 790,134 348,437

CURRENT ASSETS
Debtors 5 5,282 2,850
Cash at bank and in hand 48,969 378,202
54,251 381,052
CREDITORS
Amounts falling due within one year 6 (291,926 ) (201,446 )
NET CURRENT (LIABILITIES)/ASSETS (237,675 ) 179,606
TOTAL ASSETS LESS CURRENT
LIABILITIES

552,459

528,043

CREDITORS
Amounts falling due after more than one
year

7

(317,970

)

(336,123

)
NET ASSETS 234,489 191,920

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 234,488 191,919
SHAREHOLDERS' FUNDS 234,489 191,920

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

KC COACHES LIMITED (REGISTERED NUMBER: SC311226)

Balance Sheet - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 May 2025 and were signed by:





Mrs K Cowan - Director


KC COACHES LIMITED (REGISTERED NUMBER: SC311226)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

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

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.

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.
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

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.

KC COACHES LIMITED (REGISTERED NUMBER: SC311226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 September 2023 - - 70,965
Additions 396,214 18,320 26,800
Disposals - - -
At 31 August 2024 396,214 18,320 97,765
DEPRECIATION
At 1 September 2023 - - 15,623
Charge for year - - 11,069
Eliminated on disposal - - -
At 31 August 2024 - - 26,692
NET BOOK VALUE
At 31 August 2024 396,214 18,320 71,073
At 31 August 2023 - - 55,342

KC COACHES LIMITED (REGISTERED NUMBER: SC311226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 5,129 622,545 3,809 702,448
Additions - 118,661 - 559,995
Disposals - (100,400 ) - (100,400 )
At 31 August 2024 5,129 640,806 3,809 1,162,043
DEPRECIATION
At 1 September 2023 4,601 331,698 2,089 354,011
Charge for year 105 74,430 345 85,949
Eliminated on disposal - (68,051 ) - (68,051 )
At 31 August 2024 4,706 338,077 2,434 371,909
NET BOOK VALUE
At 31 August 2024 423 302,729 1,375 790,134
At 31 August 2023 528 290,847 1,720 348,437

The net book value of tangible fixed assets includes an amount of £943,12 (2021- £nil) held under finance lease or hire purchase contract. The related depreciation charge for the year was £437 (2021 - £nil).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 5,282 2,850

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 30,000 30,000
Other loans 52,772 22,785
Hire purchase contracts 142,039 100,445
Trade creditors 16,006 5,534
Tax 33,936 25,235
Social security and other taxes 598 2,415
Other creditors 5,653 -
Directors' current accounts 579 2,483
Accrued expenses 10,343 12,549
291,926 201,446

KC COACHES LIMITED (REGISTERED NUMBER: SC311226)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 2-5 years 27,500 57,500
Other loans - 2-5 years 159,822 90,094
Hire purchase contracts 130,648 188,529
317,970 336,123

8. RELATED PARTY DISCLOSURES

The company was under the control of the director and sole shareholder throughout the current period.

No transactions with related parties were carried out such as are required to be disclosed under FRS 8.

9. ULTIMATE CONTROLLING PARTY

There was no ultimate controlling party.