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Registered number: 04072203
Star Cars & Coaches Ltd
Unaudited Financial Statements
For the Period 1 April 2024 to 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 04072203
31 August 2024 31 March 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 865,321 891,883
865,321 891,883
CURRENT ASSETS
Debtors 5 1,000,366 1,512,767
Cash at bank and in hand 57,848 74,458
1,058,214 1,587,225
Creditors: Amounts Falling Due Within One Year 6 (984,978 ) (976,220 )
NET CURRENT ASSETS (LIABILITIES) 73,236 611,005
TOTAL ASSETS LESS CURRENT LIABILITIES 938,557 1,502,888
Creditors: Amounts Falling Due After More Than One Year 7 (321,316 ) (544,594 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (59,415 ) (75,906 )
NET ASSETS 557,826 882,388
CAPITAL AND RESERVES
Called up share capital 9 2,200 2,200
Profit and Loss Account 555,626 880,188
SHAREHOLDERS' FUNDS 557,826 882,388
Page 1
Page 2
For the period ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs J A Markham
Director
15 July 2025
The notes on pages 3 to 6 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Star Cars & Coaches Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04072203 . The registered office is 718 Chester Road Erdington, Birmingham, West Midlands, B23 5TE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover predominantly comprises revenue earned from the provision of transportation.  This revenue is recognised on delivery.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% reducing balance
Motor Vehicles 25% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 20% straight line
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 24 (2024: 24)
24 24
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Page 4
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 564,944 371,977 103,855 273,648 1,314,424
Additions 38,615 - - 1,161 39,776
As at 31 August 2024 603,559 371,977 103,855 274,809 1,354,200
Depreciation
As at 1 April 2024 43,938 131,901 84,553 162,149 422,541
Provided during the period 23,318 25,008 1,207 16,805 66,338
As at 31 August 2024 67,256 156,909 85,760 178,954 488,879
Net Book Value
As at 31 August 2024 536,303 215,068 18,095 95,855 865,321
As at 1 April 2024 521,006 240,076 19,302 111,499 891,883
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
31 August 2024 31 March 2024
£ £
Motor Vehicles 180,929 201,968
5. Debtors
31 August 2024 31 March 2024
£ £
Due within one year
Trade debtors 426,009 656,184
Prepayments and accrued income 26,724 32,530
Other debtors 493,902 550,918
Corporation tax recoverable assets 33,042 33,042
Directors' loan accounts 20,689 240,093
1,000,366 1,512,767
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6. Creditors: Amounts Falling Due Within One Year
31 August 2024 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 102,171 102,171
Trade creditors 77,308 20,090
Bank loans and overdrafts 534,308 620,873
Other taxes and social security 133,884 124,360
Other creditors 2,688 11,046
Accruals and deferred income 134,282 97,680
Directors' loan accounts 337 -
984,978 976,220
Creditors due within one year include an amount of £53,357.08 (2024: £41,667) due to Nucleus Finance secured by way of a charge over the assets of the company.
7. Creditors: Amounts Falling Due After More Than One Year
31 August 2024 31 March 2024
£ £
Net obligations under finance lease and hire purchase contracts 66,372 108,944
Bank loans 254,944 435,650
321,316 544,594
Creditors due after one year include an amount of Nil (2024: £17,361) due to Nucleus Finance secured by way of a charge over the assets of the company.
8. Obligations Under Finance Leases and Hire Purchase
31 August 2024 31 March 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 102,171 102,171
Later than one year and not later than five years 66,372 108,944
168,543 211,115
168,543 211,115
9. Share Capital
2024
2024
£
£
1,500 Ordinary A shares of £1 each
1,500
1,500
500 Ordinary B shares of £1 each
500
500
200 Ordinary C shares of £1 each
200
image
200
image
2,200
image
2,200
image
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10. Directors Advances, Credits and Guarantees
Included within other debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 August 2024
£ £ £ £ £
Mrs Emma Chapman 68,010 - 68,010 - -
Mrs Jacqueline Markham 172,083 20,689 172,083 - 20,689
The above loans were subject to interest at a rate of 2.25%.  The £20,689 loan to Mrs J A Markham was repaid in full on the 25th March 2025.
11. Related Party Transactions
Within other debtors is an amount of £334,200 (2024: £334,200) due from JEM PH Enterprises Ltd, a company under common ownership.
Within other debtors is an amount of £34,432 due from M Walker a shareholder of the company.  The amount was repaid within nine months of the period end.
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