Company registration number 04687619 (England and Wales)
HERRINGTON COACHES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
HERRINGTON COACHES LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
HERRINGTON COACHES LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr A G Herrington
Mrs J Herrington
Mr K A Herrington
Secretary
Mrs J Herrington
Company number
04687619
Registered office
Manor Farm
Sandleheath Road
Alderholt
Fordingbridge
Hampshire
United Kingdom
SP 6 3EG
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
HERRINGTON COACHES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
371,494
429,170
Current assets
Stocks
2,700
3,313
Debtors
5
46,764
60,739
Cash at bank and in hand
74,516
10,433
123,980
74,485
Creditors: amounts falling due within one year
6
(96,849)
(88,793)
Net current assets/(liabilities)
27,131
(14,308)
Total assets less current liabilities
398,625
414,862
Creditors: amounts falling due after more than one year
7
(12,886)
(64,929)
Provisions for liabilities
(92,873)
(81,543)
Net assets
292,866
268,390
Capital and reserves
Called up share capital
8
1,000
1,000
Profit and loss reserves
291,866
267,390
Total equity
292,866
268,390
HERRINGTON COACHES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 3 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question 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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 September 2025 and are signed on its behalf by:
Mrs J Herrington
Director
Company registration number 04687619 (England and Wales)
HERRINGTON COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Herrington Coaches Limited is a private company limited by shares incorporated in England and Wales. The registered office is Manor Farm, Sandleheath Road, Alderholt, Fordingbridge, Hampshire, United Kingdom, SP 6 3EG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
5% on cost
Plant and equipment
25% on reducing balance
Fixtures and fittings
25% on reducing balance
Computers
25% on reducing balance
Motor vehicles
Coaches 10% on cost, other 25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

HERRINGTON COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

1.6
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 current liabilities.

1.7
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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

HERRINGTON COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
8
8
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
60,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
60,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
HERRINGTON COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
4
Tangible fixed assets
Leasehold improvements
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
38,751
41,560
-
0
2,822
801,990
885,123
Additions
-
0
-
0
4,651
-
0
13,000
17,651
Disposals
-
0
-
0
-
0
-
0
(65,200)
(65,200)
At 31 March 2025
38,751
41,560
4,651
2,822
749,790
837,574
Depreciation and impairment
At 1 April 2024
22,294
39,413
-
0
2,442
391,804
455,953
Depreciation charged in the year
1,938
537
1,163
95
59,599
63,332
Eliminated in respect of disposals
-
0
-
0
-
0
-
0
(53,205)
(53,205)
At 31 March 2025
24,232
39,950
1,163
2,537
398,198
466,080
Carrying amount
At 31 March 2025
14,519
1,610
3,488
285
351,592
371,494
At 31 March 2024
16,457
2,147
-
0
380
410,186
429,170

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor vehicles - At cost £590,315 (202 4: £630,815), Net book value £310,235 (202 4: £375,929).

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
18,302
22,928
Other debtors
5,827
17,437
Prepayments and accrued income
22,635
20,374
46,764
60,739
HERRINGTON COACHES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
10,068
10,204
Obligations under finance leases
42,372
49,001
Trade creditors
10,214
3,863
Taxation and social security
23,058
1,928
Other creditors
9,037
21,697
Accruals and deferred income
2,100
2,100
96,849
88,793

Hire purchase liabilities are the secured on the assets to which they relate.

The bank loan is guaranteed by the government under the Bounce Back Loan Scheme.

7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
8,330
Obligations under hire purchase agreements
12,886
56,599
12,886
64,929

Hire purchase liabilities are the secured on the assets to which they relate.

The bank loan is guaranteed by the government under the Bounce Back Loan Scheme.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Ordinary Shares of £1 each
1,000
1,000
1,000
1,000
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