Keepings Coaches Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10623642

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		3,300		4,400
Tangible Assets	5		3,697,193		3,201,496

			3,700,493		3,205,896
CURRENT ASSETS
Debtors	6	645,447		794,132
Cash at bank and in hand		281,929		197,504

		927,376		991,636
Creditors: Amounts Falling Due Within One Year	7	(666,386 )		(765,949 )

NET CURRENT ASSETS (LIABILITIES)			260,990		225,687

TOTAL ASSETS LESS CURRENT LIABILITIES			3,961,483		3,431,583

Creditors: Amounts Falling Due After More Than One Year	8		(1,295,801 )		(1,206,472 )

NET ASSETS			2,665,682		2,225,111

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			2,665,582		2,225,011

SHAREHOLDERS' FUNDS			2,665,682		2,225,111

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Keepings Coaches Ltd

Balance Sheet (continued)

As At 30 March 2025

For the year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Kenneth Keepings

Director

19 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Keepings Coaches Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10623642 . The registered office is Rheola House, Rheola Street, Penrhiwceiber, Mountain Ash, CF45 3TE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing balance
Motor Vehicles	7.5% Straight Line on vehicles over 2 years old
Computer Equipment	15% Reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 62 (2024: 58)

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Keepings Coaches Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 31 March 2024	11,000

As at 30 March 2025	11,000

Amortisation
As at 31 March 2024	6,600
Provided during the period	1,100

As at 30 March 2025	7,700

Net Book Value
As at 30 March 2025	3,300

As at 31 March 2024	4,400

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 31 March 2024	784,029	3,253,895	4,037,924
Additions	72,467	842,713	915,180
Disposals	(75,000 )	(257,000 )	(332,000 )

As at 30 March 2025	781,496	3,839,608	4,621,104

Depreciation
As at 31 March 2024	392,846	443,582	836,428
Provided during the period	70,940	145,043	215,983
Disposals	(38,520 )	(89,980 )	(128,500 )

As at 30 March 2025	425,266	498,645	923,911

Net Book Value
As at 30 March 2025	356,230	3,340,963	3,697,193

As at 31 March 2024	391,183	2,810,313	3,201,496

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Plant & Machinery	99,638	153,663
Motor Vehicles	2,457,287	1,883,234

	2,556,925	2,036,897

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Keepings Coaches Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	451,227	559,580
VAT	11,548	44,560

	462,775	604,140
Due after more than one year
Other debtors	100,077	110,292
Amounts owed by group undertakings	82,595	79,700

	182,672	189,992

	645,447	794,132

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	535,321	460,546
Trade creditors	91,403	237,682
Bank loans and overdrafts	10,000	10,000
Other taxes and social security	23,744	43,510
Net wages	-	3,336
Other creditors	5,909	10,582
Directors' loan accounts	9	293

	666,386	765,949

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,290,935	1,191,574
Bank loans	4,866	14,898

	1,295,801	1,206,472

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	535,321	460,546
Later than one year and not later than five years	1,290,935	1,191,574

	1,826,256	1,652,120

	1,826,256	1,652,120

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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