REGISTERED NUMBER: SC119805 (Scotland)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Shuttle Buses Limited

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTORS:

D S Granger

R A D Granger

SECRETARY:

D S Granger

REGISTERED OFFICE:

191 Station Road

Shotts

ML7 4BA

REGISTERED NUMBER:

SC119805 (Scotland)

ACCOUNTANTS:

EAC Accountancy Limited

191 Station Road

Shotts

North Lanarkshire

ML7 4BA

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of Bus and Coach Operators.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

D S Granger

R A D Granger

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

D S Granger - Secretary

5 June 2025

TURNOVER

4,883,273

4,467,917

Cost of sales

3,683,807

3,313,730

GROSS PROFIT

1,199,466

1,154,187

Administrative expenses

669,877

730,912

529,589

423,275

Other operating income

7,968

72,902

OPERATING PROFIT

4

537,557

496,177

Interest receivable and similar income

11,660

7,016

549,217

503,193

Interest payable and similar expenses

34,130

33,331

PROFIT BEFORE TAXATION

515,087

469,862

Tax on profit

37,113

19,507

PROFIT FOR THE FINANCIAL YEAR

477,974

450,355

FIXED ASSETS

Tangible assets

5

3,150,592

2,932,577

CURRENT ASSETS

Stocks

4,500

4,500

Debtors

6

341,576

556,956

Cash at bank

575,080

606,934

921,156

1,168,390

CREDITORS

Amounts falling due within one year

7

685,165

872,567

NET CURRENT ASSETS

235,991

295,823

TOTAL ASSETS LESS CURRENT LIABILITIES

3,386,583

3,228,400

CREDITORS

Amounts falling due after more than one year

8

(219,957

)

(466,282

)

PROVISIONS FOR LIABILITIES

(589,111

)

(557,189

)

NET ASSETS

2,577,515

2,204,929

CAPITAL AND RESERVES

Called up share capital

35,000

35,000

Retained earnings

2,542,515

2,169,929

2,577,515

2,204,929

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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by:

D S Granger - Director

1.	STATUTORY INFORMATION

Shuttle Buses Limited is a private company, limited by shares , registered in Scotland. 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 various annual rates in order to write off each asset over its estimates useful life.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2023 - 50 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

31.12.24

31.12.23

£

£

Depreciation - owned assets

487,265

459,456

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

5,368,078

Additions

949,710

Disposals

(540,563

)

At 31 December 2024

5,777,225

DEPRECIATION

At 1 January 2024

2,435,501

Charge for year

487,265

Eliminated on disposal

(296,133

)

At 31 December 2024

2,626,633

NET BOOK VALUE

At 31 December 2024

3,150,592

At 31 December 2023

2,932,577

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

25,805

76,500

Other debtors

315,771

480,456

341,576

556,956

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

278,996

335,644

Trade creditors

343,362

313,795

Taxation and social security

48,749

50,522

Other creditors

14,058

172,606

685,165

872,567

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Hire purchase contracts

219,957

466,282