| Registered Number:SC479134 |
For the year ended 31 August 2024
Scotland
Unaudited Financial Statements
For the year ended 31 August 2024
Red Line Coaches Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
Red Line Coaches Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
39,573
41,721
2
39,573
41,721
260
260
3
| Trade and other receivables |
88,611
157,666
4
28,925
| Cash and cash equivalents |
12,447
170,373
117,796
| Trade and other payables: amounts falling due within one year |
(15,088)
(41,138)
5
102,708
129,235
Net current assets
| Total assets less current liabilities |
168,808
144,429
168,808
Net assets
144,429
2
2
168,806
144,427
168,808
144,429
Shareholders' funds
| For the year ended 31 August 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| 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 his responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr Stuart Morrison Director |
| Mrs Catherine Morrison Director |
| These financial statements were approved and authorised for issue by the Board on 26 May 2025 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 August 2024
Red Line Coaches Ltd
Notes to the Financial Statements
Statutory Information
| Red Line Coaches Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC479134. |
44 Harefield Avenue
Dundee
DD3 6AW
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 'The |
| Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have |
| been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Equipment
Motor vehicles
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
2 of 4
For the year ended 31 August 2024
Red Line Coaches Ltd
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Equipment
Motor vehicles
125,347
3,965
121,382
14,409
-
14,409
-
(8,500)
(8,500)
127,291
3,965
131,256
| Provision for depreciation and impairment |
83,626
1,894
81,732
Charge for year
15,749
311
15,438
(7,692)
-
(7,692)
91,683
2,205
89,478
37,813
1,760
39,573
39,650
2,071
41,721
2023
2024
260
260
| 4. Trade and other receivables |
2023
2024
22,222
21,029
135,444
67,582
88,611
157,666
| 5. Trade and other payables: amounts falling due within one year |
2023
2024
| Taxation and social security |
10,671
10,368
30,467
4,720
41,138
15,088
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For the year ended 31 August 2024
Red Line Coaches Ltd
Notes to the Financial Statements Continued
| 6. Average number of persons employed |
During the year the average number of employees was 14 (2023 : 14)
4 of 4