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REGISTERED NUMBER: SC492190 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

BAY TRAVEL COACHES LIMITED

BAY TRAVEL COACHES LIMITED (REGISTERED NUMBER: SC492190)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BAY TRAVEL COACHES LIMITED

COMPANY INFORMATION
for the year ended 30 November 2024







DIRECTORS: I Robertson
G Robertson





REGISTERED OFFICE: Thistle House
Cartmore Industrial Estate
Lochgelly
Fife
KY5 8LL





REGISTERED NUMBER: SC492190 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Cluny Court
John Smith Business Park
Kirkcaldy
Fife
KY2 6QJ

BAY TRAVEL COACHES LIMITED (REGISTERED NUMBER: SC492190)

BALANCE SHEET
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,228,622 3,464,439

CURRENT ASSETS
Stocks 50,520 59,700
Debtors 5 437,714 575,622
Cash at bank and in hand 426,041 817,458
914,275 1,452,780
CREDITORS
Amounts falling due within one year 6 1,011,976 726,178
NET CURRENT (LIABILITIES)/ASSETS (97,701 ) 726,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,130,921

4,191,041

CREDITORS
Amounts falling due after more than one
year

7

(2,486,058

)

(2,360,147

)

PROVISIONS FOR LIABILITIES 9 (603,294 ) (473,870 )
NET ASSETS 1,041,569 1,357,024

CAPITAL AND RESERVES
Called up share capital 50 100
Capital redemption reserve 50 -
Retained earnings 1,041,469 1,356,924
SHAREHOLDERS' FUNDS 1,041,569 1,357,024

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

BAY TRAVEL COACHES LIMITED (REGISTERED NUMBER: SC492190)

BALANCE SHEET - continued
30 November 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 Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





I Robertson - Director


BAY TRAVEL COACHES LIMITED (REGISTERED NUMBER: SC492190)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 November 2024

1. STATUTORY INFORMATION

Bay Travel 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.

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 significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax on coach hire and bus services.

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% per annum reducing balance
Motor vehicles - 25% per annum reducing balance, 20% per annum reducing balance and 15% per annum reducing balance
Computer equipment - 33% per annum on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS
Stocks are stated at the lower of cost and estimated selling price.

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.

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.

BAY TRAVEL COACHES LIMITED (REGISTERED NUMBER: SC492190)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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 80 (2023 - 75 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 100,060 4,509,929 5,472 4,615,461
Additions 27,365 1,046,080 - 1,073,445
Disposals - (600,116 ) - (600,116 )
At 30 November 2024 127,425 4,955,893 5,472 5,088,790
DEPRECIATION
At 1 December 2023 64,140 1,083,967 2,915 1,151,022
Charge for year 7,340 67,331 1,018 75,689
Eliminated on disposal - (366,543 ) - (366,543 )
At 30 November 2024 71,480 784,755 3,933 860,168
NET BOOK VALUE
At 30 November 2024 55,945 4,171,138 1,539 4,228,622
At 30 November 2023 35,920 3,425,962 2,557 3,464,439

BAY TRAVEL COACHES LIMITED (REGISTERED NUMBER: SC492190)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023 4,163,813
Additions 1,036,830
Disposals (265,500 )
Transfer to ownership (830,666 )
At 30 November 2024 4,104,477
DEPRECIATION
At 1 December 2023 869,304
Charge for year 60,486
Eliminated on disposal (135,589 )
Transfer to ownership 124,805
At 30 November 2024 919,006
NET BOOK VALUE
At 30 November 2024 3,185,471
At 30 November 2023 3,294,509

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 174,708 152,489
Other debtors 263,006 423,133
437,714 575,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 740,277 504,473
Trade creditors 198,544 129,851
Taxation and social security 49,145 47,678
Other creditors 14,010 34,176
1,011,976 726,178

BAY TRAVEL COACHES LIMITED (REGISTERED NUMBER: SC492190)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,834 15,833
Hire purchase contracts 2,480,224 2,344,314
2,486,058 2,360,147

8. SECURED DEBTS

The bank hold a floating charge over all the property or undertaking of the company.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 603,294 473,870

Deferred
tax
£   
Balance at 1 December 2023 473,870
Charge to Income Statement during year 129,424
Balance at 30 November 2024 603,294

The provision for deferred taxation is made up of accelerated capital allowances.

10. OTHER FINANCIAL COMMITMENTS

The company had total commitments under a non-cancellable operating lease totalling £7,744 (2023: £7,744)

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 November 2024 and 30 November 2023:

2024 2023
£    £   
I Robertson
Balance outstanding at start of year 41,061 15,859
Amounts advanced 65,468 46,539
Amounts repaid (50,775 ) (21,337 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 55,754 41,061

BAY TRAVEL COACHES LIMITED (REGISTERED NUMBER: SC492190)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 November 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

V Derighetti
Balance outstanding at start of year 21,179 (18,108 )
Amounts advanced 3,700 44,487
Amounts repaid (24,879 ) (5,200 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 21,179

G Robertson
Balance outstanding at start of year - -
Amounts advanced 4,000 1,000
Amounts repaid (4,000 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Included in 'Other debtors' is an amount of £55,754 (2023 - £62,240) due from the directors to the company. There is no fixed term for repayment. Where the overdrawn balance exceeds £10,000 an interest charge of 2.25% is applied to the overdrawn balance. The loan accounts were cleared post year end.