Company No: 03932865 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	1,821,878		2,195,905
Investments	4	278,989		280,674
		2,100,867		2,476,579
Current assets
Stocks		47,949		48,556
Debtors	5	228,043		276,080
Cash at bank and in hand		459,048		501,223
		735,040		825,859
Creditors: amounts falling due within one year	6	( 1,120,294)		( 1,308,750)
Net current liabilities		(385,254)		(482,891)
Total assets less current liabilities		1,715,613		1,993,688
Creditors: amounts falling due after more than one year	7	( 364,963)		( 476,529)
Net assets		1,350,650		1,517,159
Capital and reserves
Called-up share capital	8	10,000		10,000
Profit and loss account		1,340,650		1,507,159
Total shareholder's funds		1,350,650		1,517,159

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Astons Coaches Limited (registered number: 03932865) were approved and authorised for issue by the Board of Directors on 09 May 2025. They were signed on its behalf by:

John James O'Brien Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Astons Coaches Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Defford Mill Dunstall, Earls Croome, Worcester, WR8 9DF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery	3 - 5 years straight line
Vehicles	5 - 15 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	44		55

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 January 2024	439,774		4,451,332		4,891,106
Additions	6,987		430,062		437,049
Disposals	( 17,183)		( 1,304,513)		( 1,321,696)
At 31 December 2024	429,578		3,576,881		4,006,459
Accumulated depreciation
At 01 January 2024	317,680		2,377,521		2,695,201
Charge for the financial year	64,813		261,747		326,560
Impairment losses	0		( 11,460)		( 11,460)
Disposals	( 16,931)		( 808,789)		( 825,720)
At 31 December 2024	365,562		1,819,019		2,184,581
Net book value
At 31 December 2024	64,016		1,757,862		1,821,878
At 31 December 2023	122,094		2,073,811		2,195,905

4. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	292,632
At 31 December 2024	292,632
Provisions for impairment
At 01 January 2024	11,958
Impairment	1,685
At 31 December 2024	13,643
Carrying value at 31 December 2024	278,989
Carrying value at 31 December 2023	280,674

5. Debtors

	2024		2023
	£		£
Trade debtors	93,197		151,374
Prepayments	97,276		103,854
VAT recoverable	8,589		11,600
Other debtors	28,981		9,252
	228,043		276,080

6. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	0		30,000
Trade creditors	146,931		167,158
Amounts owed to Group undertakings	744,178		881,871
Accruals	37,787		38,917
Other taxation and social security	22,591		30,131
Obligations under finance leases and hire purchase contracts	152,773		133,195
Other creditors	16,034		27,478
	1,120,294		1,308,750

7. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	0		82,513
Obligations under finance leases and hire purchase contracts (secured)	364,963		394,016
	364,963		476,529

The hire purchase contracts are secured on motor vehicles and plant and machinery with a carrying value of £713,770 (2023: £550,727)

8. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
10,000,000 Ordinary shares of £ 0.001 each	10,000		10,000

9. Financial commitments

Other financial commitments

	2024		2023
	£		£
Operating leases not later than 1 year	83,000		66,666
Operating leases due in more than 1 year	318,167		0
	401,167		66,666

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2024		2023
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	3,578		4,898