REGISTERED NUMBER: 09530564 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

CUMBRIA CLASSIC COACHES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W Hamer

A C Morriss

REGISTERED OFFICE:

Bowber Head

Ravenstonedale

Kirkby Stephen

Cumbria

CA17 4NL

REGISTERED NUMBER:

09530564 (England and Wales)

ACCOUNTANTS:

John Andrew Chartered Accountants

17-19 Market Street

KIRKBY STEPHEN

Cumbria

CA17 4QS

FIXED ASSETS

Intangible assets

4

1,688

3,938

Property, plant and equipment

5

86,264

99,409

87,952

103,347

CURRENT ASSETS

Debtors

6

25,558

27,277

Cash at bank and in hand

82,628

96,066

108,186

123,343

CREDITORS

Amounts falling due within one year

7

33,611

34,643

NET CURRENT ASSETS

74,575

88,700

TOTAL ASSETS LESS CURRENT LIABILITIES

162,527

192,047

CREDITORS

Amounts falling due after more than one year

8

(13,197

)

(13,797

)

PROVISIONS FOR LIABILITIES

9

(8,508

)

-

NET ASSETS

140,822

178,250

CAPITAL AND RESERVES

Called up share capital

300

300

Retained earnings

140,522

177,950

SHAREHOLDERS' FUNDS

140,822

178,250

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 19 September 2025 and were signed on its behalf by:

A C Morriss - Director

W Hamer - Director

1.	STATUTORY INFORMATION

Cumbria Classic 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 represents the value net of value added tax and discounts of work carried out in respect of goods and services provided to customers.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

Straight line over 8 years

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Classic vehicles are depreciated as for motor vehicles over their estimated useful economic life after taking into account their estimated residual value.

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

22,500

AMORTISATION

At 1 January 2024

18,562

Charge for year

2,250

At 31 December 2024

20,812

NET BOOK VALUE

At 31 December 2024

1,688

At 31 December 2023

3,938

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

8,937

19,415

-

Additions

6,909

-

1,008

Disposals

-

-

-

At 31 December 2024

15,846

19,415

1,008

DEPRECIATION

At 1 January 2024

3,351

15,574

-

Charge for year

1,981

960

252

Eliminated on disposal

-

-

-

At 31 December 2024

5,332

16,534

252

NET BOOK VALUE

At 31 December 2024

10,514

2,881

756

At 31 December 2023

5,586

3,841

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

132,650

3,048

164,050

Additions

-

-

7,917

Disposals

(32,650

)

-

(32,650

)

At 31 December 2024

100,000

3,048

139,317

DEPRECIATION

At 1 January 2024

43,149

2,567

64,641

Charge for year

4,250

119

7,562

Eliminated on disposal

(19,150

)

-

(19,150

)

At 31 December 2024

28,249

2,686

53,053

NET BOOK VALUE

At 31 December 2024

71,751

362

86,264

At 31 December 2023

89,501

481

99,409

6.

DEBTORS

31/12/24

31/12/23

£

£

Amounts falling due within one year:

Trade debtors

5,934

7,929

Directors' current accounts

-

9,540

VAT

3,152

-

Deferred tax asset

-

2,069

Prepayments and accrued income

11,873

6,400

20,959

25,938

Amounts falling due after more than one year:

Loan Debtor

4,599

1,339

Aggregate amounts

25,558

27,277

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

9,392

9,390

Corporation tax

8,228

3,197

Social security and other taxes

450

3,186

VAT

-

762

Directors' current accounts

6,757

3,656

Accruals and deferred income

8,784

14,452

33,611

34,643

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Loan from employee

13,197

13,797

9.	PROVISIONS FOR LIABILITIES

31/12/24

£

Deferred tax

8,508

Deferred

tax

£

Balance at 1 January 2024

(2,069

)

Provided during year

10,577

Change in tax rate

Corrections Prior Year

Balance at 31 December 2024

8,508

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24

31/12/23

£

£

A C Morriss

Balance outstanding at start of year

9,540

3,117

Amounts advanced

31,071

43,101

Amounts repaid

(41,500

)

(36,678

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(889

)

9,540