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REGISTERED NUMBER: 09596902 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Newtons Coaches Limited

Newtons Coaches Limited (Registered number: 09596902)






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


Newtons Coaches Limited

Company Information
for the Year Ended 31 March 2025







DIRECTOR: Mrs S P Newton





SECRETARY: Mrs S P Newton





REGISTERED OFFICE: Unit 4, The Timber Yard
Lucas Green Road
West End
Woking
Surrey
GU24 9YB





REGISTERED NUMBER: 09596902 (England and Wales)





ACCOUNTANTS: SAS Business Services Limited
11 Atte Lane
Warfield
Bracknell
Berkshire
RG42 2QG

Newtons Coaches Limited (Registered number: 09596902)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,375 7,875
Tangible assets 5 141,808 90,459
146,183 98,334

CURRENT ASSETS
Debtors 6 182,548 125,890
Cash at bank 73,052 38,781
255,600 164,671
CREDITORS
Amounts falling due within one year 7 540,355 483,747
NET CURRENT LIABILITIES (284,755 ) (319,076 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(138,572

)

(220,742

)

CREDITORS
Amounts falling due after more than one
year

8

46,332

37,971
NET LIABILITIES (184,904 ) (258,713 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (184,906 ) (258,715 )
(184,904 ) (258,713 )

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 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.

Newtons Coaches Limited (Registered number: 09596902)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 June 2025 and were signed by:





Mrs S P Newton - Director


Newtons Coaches Limited (Registered number: 09596902)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Newtons 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 etc - 20% on cost and 20% on reducing balance

Financial instruments
During June 2020 the company applied for a loan under the Bounce Back Loan Scheme (BBLS) of £50,000 from Metro Bank PLC and the funds were received into the company's bank account on 10th June 2020.
The company remains liable for all sums payable under the loan agreement but the scheme gives the lender a full government-backed guarantee against the outstanding balance of the facility (both capital and interest).
There are no repayments due within the first twelve months of the loan. The Government will make a Business Interruption Payment (BIP) to cover the first 12 months of interest payments.
The length of the loan is six years and after the initial period of twelve months the loan is repayable over five years at a rate of 2.5%.

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.


Newtons Coaches Limited (Registered number: 09596902)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. ACCOUNTING POLICIES - continued
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.

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.

Financial assets and liabilities
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 35,000
AMORTISATION
At 1 April 2024 27,125
Charge for year 3,500
At 31 March 2025 30,625
NET BOOK VALUE
At 31 March 2025 4,375
At 31 March 2024 7,875

Newtons Coaches Limited (Registered number: 09596902)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 269,949
Additions 82,303
Disposals (10,700 )
At 31 March 2025 341,552
DEPRECIATION
At 1 April 2024 179,490
Charge for year 25,556
Eliminated on disposal (5,302 )
At 31 March 2025 199,744
NET BOOK VALUE
At 31 March 2025 141,808
At 31 March 2024 90,459

Included within the net book value of £141,808 is £85,699 (2024-£65,605) relating to assets held under hire purchase agreements.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 133,947 84,533
Other debtors 48,601 41,357
182,548 125,890

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 39,536 34,829
Hire purchase contracts 44,108 27,750
Trade creditors 57,073 24,378
Taxation and social security 256,805 282,896
Other creditors 142,833 113,894
540,355 483,747

Newtons Coaches Limited (Registered number: 09596902)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued

The hire purchase contracts liabilities disclosed under creditors falling due within one year are secured by the company.

During June 2020 the company applied for a loan under the Bounce Back Loan Scheme (BBLS) of £50,000 from Metro Bank Plc and the funds were received into the company's bank account on 10th June 2020.
The company remains liable for all sums payable under the loan agreement but the scheme gives the lender a full government-backed guarantee against the outstanding balance of the facility (both capital and interest).
There are no repayments due within the first twelve months of the loan. The Government will make a Business Interruption Payment (BIP) to cover the first 12 months of interest payments.
The length of the loan is six years and after the initial period of twelve months the loan is repayable over five years at a rate of 2.5%.
The balance outstanding at the year end was £39,536 (2024-£47,920).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans - 13,091
Hire purchase contracts 46,332 24,880
46,332 37,971

The hire purchase contracts liabilities disclosed under creditors falling due after more than one year are secured by the company:

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
Mrs S P Newton
Balance outstanding at start of year 6,584 2,922
Amounts advanced - 6,584
Amounts repaid (4,243 ) (2,922 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,341 6,584

The director has given a personal guarantee on certain hire purchase facilities provided to the company. The balance due on this facility was at the balance sheet date was £90,440 (2024-£64,426).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S P Newton.