REGISTERED NUMBER: 03211899 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Voel Coaches Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W M Kerfoot-Davies

Mrs M Kerfoot-Davies

Mrs M Kerfoot Higginson

M Higginson

G Ashton

SECRETARY:

Mrs M Kerfoot-Davies

REGISTERED OFFICE:

Coach Hire Office

Dyserth

Nr. Rhyl

Denbighshire

LL18 6BP

REGISTERED NUMBER:

03211899 (England and Wales)

ACCOUNTANTS:

Graham & Fisher Limited

T/A Grahams

Chartered Accountants

30 Birkenhead Road

Hoylake

Wirral

CH47 3BW

FIXED ASSETS

Tangible assets

4

1,717,981

1,612,579

CURRENT ASSETS

Stocks

33,082

42,299

Debtors

5

450,447

343,797

Cash at bank and in hand

495,651

248,736

979,180

634,832

CREDITORS

Amounts falling due within one year

6

1,022,646

590,377

NET CURRENT (LIABILITIES)/ASSETS

(43,466

)

44,455

TOTAL ASSETS LESS CURRENT LIABILITIES

1,674,515

1,657,034

CREDITORS

Amounts falling due after more than one year

7

(24,801

)

(30,651

)

PROVISIONS FOR LIABILITIES

(343,839

)

(318,080

)

NET ASSETS

1,305,875

1,308,303

CAPITAL AND RESERVES

Called up share capital

100

2

Retained earnings

1,305,775

1,308,301

SHAREHOLDERS' FUNDS

1,305,875

1,308,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 15 October 2025 and were signed on its behalf by:

W M Kerfoot-Davies - Director

1.	STATUTORY INFORMATION

Voel 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 as modified by the revaluation of certain assets.

Turnover

Turnover comprises the invoiced value of services supplied by the company net of value added tax on an accruals basis.

Tangible fixed assets

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

Land and buildings

-

1% on cost

Plant and machinery etc

-

25% on reducing balance, 20% on reducing balance and 10% on reducing balance

Stocks

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

Financial instruments

Basic financial instruments are recognised at amortised cost with changes recognised in the profit and loss account during the period.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Property, plant and equipment acquired under finance leases or hire purchase contracts are capitalised and depreciated in the same manner as other tangible fixed assets. The related obligations, net of future finance charges, are included in creditors.

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 64 (2024 - 58 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 April 2024

340,000

2,938,752

3,278,752

Additions

-

341,536

341,536

Disposals

-

(30,000

)

(30,000

)

At 31 March 2025

340,000

3,250,288

3,590,288

DEPRECIATION

At 1 April 2024

37,400

1,628,773

1,666,173

Charge for year

3,400

222,274

225,674

Eliminated on disposal

-

(19,540

)

(19,540

)

At 31 March 2025

40,800

1,831,507

1,872,307

NET BOOK VALUE

At 31 March 2025

299,200

1,418,781

1,717,981

At 31 March 2024

302,600

1,309,979

1,612,579

Land and Buildings have been depreciated at a rate of 1% on a straight line basis. Valuers have confirmed that due to the nature of the property it is impossible to value land separate from the buildings. As such, the directors feel that this rate is prudent when they are taken together as a whole.

Included within Tangible Fixed Assets (Coaches & Motor Vehicles) are items held under hire purchase contracts. The Net Book Value of these items at 31 March 2025 totalled nil (2024 - £96,988) and the depreciation charge for the year was nil (2024 - £10,776).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

242,878

183,607

Other debtors

207,569

160,190

450,447

343,797

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

5,857

5,850

Hire purchase contracts

-

8,994

Trade creditors

96,421

77,746

Taxation and social security

29,683

98,415

Other creditors

890,685

399,372

1,022,646

590,377

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

24,801

30,651

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

1,401

7,251

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdraft

7

-

Hire purchase contracts

-

8,994

7

8,994

The bank Overdraft is secured on company's assets and there is also an intercompany guarantee in place securing the loan on the assets of Voel Holidays Limited.

No HP creditors are due after 5 years.

9.	RELATED PARTY DISCLOSURES

The directors (apart from G Ashton) are also directors of Voel Holidays Limited registered in England and Wales, they also own 100% of the share capital. Transactions are at arms length and are disclosed in the financial statements. At 31st March 2025 £511,843 (2024 - £192,226) was owed to Voel Holidays Limited from Voel Coaches Limited.