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REGISTERED NUMBER: 07167918 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 March 2025

for

EAGLE COACHES LIMITED

EAGLE COACHES LIMITED (REGISTERED NUMBER: 07167918)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EAGLE COACHES LIMITED

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: J A J Ball
J J Ball





REGISTERED OFFICE: Fireclay House
Netham Road
St George
Bristol
BS5 9PJ





REGISTERED NUMBER: 07167918 (England and Wales)





ACCOUNTANTS: Gravita
Chartered Accountants
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL

EAGLE COACHES LIMITED (REGISTERED NUMBER: 07167918)

Balance Sheet
31 MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,881,298 1,516,691
1,881,298 1,516,691

CURRENT ASSETS
Stocks 12,626 8,894
Debtors 6 632,465 636,390
Cash at bank and in hand 76,463 15,185
721,554 660,469
CREDITORS
Amounts falling due within one year 7 (366,554 ) (273,497 )
NET CURRENT ASSETS 355,000 386,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,236,298

1,903,663

CREDITORS
Amounts falling due after more than one
year

8

(26,670

)

(81,413

)

PROVISIONS FOR LIABILITIES (335,967 ) (356,782 )
NET ASSETS 1,873,661 1,465,468

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,873,561 1,465,368
SHAREHOLDERS' FUNDS 1,873,661 1,465,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

EAGLE COACHES LIMITED (REGISTERED NUMBER: 07167918)

Balance Sheet - continued
31 MARCH 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by:




J A J Ball - Director



J J Ball - Director


EAGLE COACHES LIMITED (REGISTERED NUMBER: 07167918)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025


1. COMPANY INFORMATION

Eagle 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 company's principal activities and nature is that of the provision of coach services.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006. The financial statements have been prepared on the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates
Estimates and judgements are inherent in the preparation of financial statements. The directors consider that in respect of these financial statements, there are no significant judgements that affect the financial results.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the period, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Goodwill
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill - over 10 years

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.
Leasehold improvements - 2% on cost
Plant and machinery - 10% on cost
Motor vehicles - 10% on cost
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

EAGLE COACHES LIMITED (REGISTERED NUMBER: 07167918)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, 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. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

EAGLE COACHES LIMITED (REGISTERED NUMBER: 07167918)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. 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 29 (2024 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 320,000
AMORTISATION
At 1 April 2024
and 31 March 2025 320,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

EAGLE COACHES LIMITED (REGISTERED NUMBER: 07167918)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025


5. TANGIBLE FIXED ASSETS
Leasehold Plant and Motor Computer
improvements machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 90,645 140,683 2,979,589 6,340 3,217,257
Additions 31,160 12,100 582,700 - 625,960
Disposals - (2,460 ) (346,795 ) - (349,255 )
At 31 March 2025 121,805 150,323 3,215,494 6,340 3,493,962
DEPRECIATION
At 1 April 2024 1,813 58,752 1,634,161 5,840 1,700,566
Charge for year 2,436 14,369 226,986 167 243,958
Eliminated on disposal - (103 ) (331,757 ) - (331,860 )
At 31 March 2025 4,249 73,018 1,529,390 6,007 1,612,664
NET BOOK VALUE
At 31 March 2025 117,556 77,305 1,686,104 333 1,881,298
At 31 March 2024 88,832 81,931 1,345,428 500 1,516,691

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2024
and 31 March 2025 250,500
DEPRECIATION
At 1 April 2024 56,363
Charge for year 25,050
At 31 March 2025 81,413
NET BOOK VALUE
At 31 March 2025 169,087
At 31 March 2024 194,137

EAGLE COACHES LIMITED (REGISTERED NUMBER: 07167918)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 239,588 189,404
Other debtors 257,300 329,300
VAT 72,139 50,749
Prepayments and accrued income 63,438 66,937
632,465 636,390

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 9) 10,462 10,204
Other loans (see note 9) 22,265 36,410
Hire purchase contracts 27,520 25,226
Trade creditors 59,055 33,159
Tax 29,200 14,186
Social security and other taxes 40,927 38,229
Other creditors 14,597 10,048
Directors' current accounts 22,284 18,285
Accruals and deferred income 140,244 87,750
366,554 273,497

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 9) 1,769 12,231
Other loans (see note 9) - 22,265
Hire purchase contracts 24,901 46,917
26,670 81,413

9. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,462 10,204
Other loans 22,265 36,410
32,727 46,614

EAGLE COACHES LIMITED (REGISTERED NUMBER: 07167918)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025


9. LOANS - continued
2025 2024
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 1,769 10,465
Other loans - 1-2 years - 22,265
1,769 32,730

Amounts falling due between two and five years:
Bank loans - 2-5 years - 1,766

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 52,421 72,143

The hire purchase agreements are secured against the assets to which they relate.

11. PENSION COMMITMENTS

At the year end, pension contributions totalling £3,231 (2024 - £1,401) were outstanding and included within other creditors.

12. RELATED PARTY DISCLOSURES

J A J Ball and J J Ball are also directors of Bristol Tachograph and Brake Testing Limited. Included in debtors is a loan of £257,300 (2024 - £329,300) repayable by the related party. The loan is unsecured, interest free and has no fixed terms of repayment.