Ultimate Coaches Limited - Filleted accounts

Registered number

07979385

Ultimate Coaches Limited

Unaudited Filleted Accounts

31 March 2025

Ultimate Coaches Limited
Registered number:		07979385
Balance Sheet
as at 31 March 2025
Restated
Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		257,509			249,535

Current assets
Debtors	4	102,190			119,998
Cash at bank and in hand		62,751			51,955
		164,941			171,953

Creditors: amounts falling due within one year	5	(102,974)			(104,324)

Net current assets			61,967			67,629

Total assets less current liabilities			319,476			317,164

Creditors: amounts falling due after more than one year	6		-			(11,667)

Provisions for liabilities			(48,926)			(47,411)


Net assets			270,550			258,086

Capital and reserves
Called up share capital			1			1
Profit and loss account			270,549			258,085

Shareholders' funds			270,550			258,086

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P Armitage
Director
Approved by the board on 20 August 2025

Ultimate Coaches Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Office equipment			25% reducing balance
	Fixtures and fittings			20% reducing balance
	Motor vehicles			25% reducing balance

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					9		8


3	Tangible fixed assets
				Plant and machinery etc		Motor vehicles		Total
£					£		£
	Cost
	At 1 April 2024			54,137		393,294		447,431
	Additions			15,142		80,000		95,142
	Disposals			-		(35,000)		(35,000)
	At 31 March 2025			69,279		438,294		507,573

	Depreciation
	At 1 April 2024			17,637		180,259		197,896
	Charge for the year			11,938		72,602		84,540
	On disposals			-		(32,372)		(32,372)
	At 31 March 2025			29,575		220,489		250,064

	Net book value
	At 31 March 2025			39,704		217,805		257,509
	At 31 March 2024			36,500		213,035		249,535


4	Debtors					2025		2024
£							£

	Trade debtors					45,215		44,390
	Other debtors					56,975		75,608
						102,190		119,998


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					-		10,000
	Trade creditors					35,311		26,919
	Taxation and social security costs					28,795		34,593
	Other creditors					38,868		32,812
						102,974		104,324


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		11,667


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr P Armitage
	Interest free loan repayable on demand	40,000		-		(40,000)		-

		40,000		-		(40,000)		-


8	Related party transactions

	Payments to key management personnel in the year included salaries of £12,570 and dividends of £36,655.


9	First time adoption of FRS102 1A					Profits	Reserves
£							£

	Previously stated at 31 March 2024					145,280		305,497
	Deferred tax provision					(10,592)		(47,411)

	Re-stated comparative balances					134,688		258,086


10	Other information

	Ultimate Coaches Limited is a private company limited by shares and incorporated in England. Its registered office is:
	The Coach Garage
	Wakefield Road
	Barnsley
	S71 1PA