Coachstyle Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03046529 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Coachstyle Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A L Jones

A Jones

SECRETARY:

A L Jones

REGISTERED OFFICE:

Horsdown Garage

Nettleton

Chippenham

Wiltshire

SN14 7LN

REGISTERED NUMBER:

03046529 (England and Wales)

ACCOUNTANTS:

Business Control Limited

Red Lion Yard

Odd Down

Bath

Somerset

BA2 2PP

FIXED ASSETS

Tangible assets

4

1,136,418

952,367

CURRENT ASSETS

Stocks

5,000

Debtors

5

344,027

272,242

Cash at bank and in hand

1,957

475

350,984

277,717

CREDITORS

Amounts falling due within one year

6

(656,494

)

(529,618

)

NET CURRENT LIABILITIES

(305,510

)

(251,901

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

830,908

700,466

CREDITORS

Amounts falling due after more than one year

7

(385,840

)

(459,611

)

PROVISIONS FOR LIABILITIES

(169,569

)

(169,569

)

NET ASSETS

275,499

71,286

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

275,497

71,284

275,499

71,286

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 17th September 2025 and were signed on its behalf by:

A Jones - Director

1.	STATUTORY INFORMATION

Coachstyle 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15% on cost

Motor vehicles

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 32 (2023 - 32 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

COST

At 1st January 2024

171,520

150,568

3,229,461

3,551,549

Additions

-

850

407,463

408,313

Disposals

-

(128,500

)

(128,500

)

At 31st December 2024

171,520

151,418

3,508,424

3,831,362

DEPRECIATION

At 1st January 2024

55,959

137,674

2,405,549

2,599,182

Charge for year

3,430

5,189

191,956

200,575

Eliminated on disposal

-

(104,813

)

(104,813

)

At 31st December 2024

59,389

142,863

2,492,692

2,694,944

NET BOOK VALUE

At 31st December 2024

112,131

8,555

1,015,732

1,136,418

At 31st December 2023

115,561

12,894

823,912

952,367

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

Plant and

Motor

machinery

vehicles

Totals

£

COST

At 1st January 2024

9,194

3,006,771

3,015,965

Additions

-

369,450

Disposals

-

(128,500

)

(128,500

)

At 31st December 2024

9,194

3,247,721

3,256,915

DEPRECIATION

At 1st January 2024

9,194

2,297,296

2,306,490

Charge for year

-

179,924

Eliminated on disposal

-

(104,813

)

(104,813

)

At 31st December 2024

9,194

2,372,407

2,381,601

NET BOOK VALUE

At 31st December 2024

-

875,314

At 31st December 2023

-

709,475

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

197,075

179,754

Directors' current accounts

29,136

19,640

Prepayments and accrued income

117,816

72,848

344,027

272,242

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

46,168

149,083

Hire purchase contracts

394,023

182,038

Trade creditors

98,883

84,813

Tax

38,657

54,612

Social security and other taxes

41,941

34,427

VAT

18,455

23,677

Other creditors

2,015

968

Salaries Control

16,352

-

656,494

529,618

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans - 2-5 years

41,739

94,259

Hire purchase contracts

344,101

365,352

385,840

459,611