Hills Coaches Limited - Filleted accounts

Registered number

03566399

Hills Coaches Limited

Report and Accounts

30 June 2025

Accountancy 4 Success Limited

Accountants and Business Advisors

33 Wolverhampton Road

Cannock

Staffordshire

WS11 1AP

Hills Coaches Limited
Registered number: 3566399
Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,179,183			2,169,259

Current assets
Stocks		1,213			1,103
Debtors	4	228,331			204,437
Cash at bank and in hand		616,459			558,378
		846,003			763,918

Creditors: amounts falling due within one year	5	(429,409)			(427,097)

Net current assets			416,594			336,821

Total assets less current liabilities			2,595,777			2,506,080

Creditors: amounts falling due after more than one year	6		(377,834)			(494,824)

Provisions for liabilities			(401,191)			(403,228)


Net assets			1,816,752			1,608,028

Capital and reserves
Called up share capital			105			105
Profit and loss account			1,816,647			1,607,923

Shareholders' funds			1,816,752			1,608,028

The directors are 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 directors acknowledge their 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.




D L Hill
Director
Approved by the board on 11 August 2025

Hills Coaches Limited
Notes to the Accounts
for the year ended 30 June 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.

	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:

	Land and buildings			2% straight line if useful life under 50 years
	Motor Vehicles			straight line over 4,6, & 8 years
	Plant and machinery			over 5 years
	Fixtures, fittings, tools and equipment			over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leasing and hire purchase commitments
	Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding. Rentals paid under operating leases are charged to income on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					40		40


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 July 2024	545,145		37,257		4,408,214		4,990,616
	Additions	-		7,247		537,600		544,847
	Disposals	-		-		(518,361)		(518,361)
	At 30 June 2025	545,145		44,504		4,427,453		5,017,102

	Depreciation
	At 1 July 2024	37,719		34,129		2,749,509		2,821,357
	Charge for the year	3,955		3,001		406,714		413,670
	On disposals	-		-		(397,108)		(397,108)
	At 30 June 2025	41,674		37,130		2,759,115		2,837,919

	Net book value
	At 30 June 2025	503,471		7,374		1,668,338		2,179,183
	At 30 June 2024	507,426		3,128		1,658,705		2,169,259




4	Debtors					2025		2024
£							£

	Trade debtors					206,731		182,347
	Other debtors					21,600		22,090
						228,331		204,437


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

	Bank loans and overdrafts					50,000		50,000
	Obligations under finance lease and hire purchase contracts					196,990		240,889
	Trade creditors					23,275		25,362
	Other taxes and social security costs					19,926		23,040
	Other creditors					139,218		87,806
						429,409		427,097


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

	Bank loans					33,334		83,334
	Obligations under finance lease and hire purchase contracts					344,500		411,490
						377,834		494,824


7	Related party transactions

	There are no related party transactions.
8	Controlling party

	The company is controlled by its directors who are the shareholders.