REGISTERED NUMBER: SC720654 (Scotland)

Highlander Coaches Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms D Lin

Ms Y Yue

REGISTERED OFFICE:

83 Princes Street

Edinburgh

EH2 2ER

REGISTERED NUMBER:

SC720654 (Scotland)

ACCOUNTANTS:

Whitelaw Wells

9 Ainslie Place

Edinburgh

Midlothian

EH3 6AT

BANKERS:

Bank of Scotland

The Direct Business Bank

PO BOX 17235

Edinburgh

EH11 1YH

FIXED ASSETS

Tangible assets

4

222,575

103,706

CURRENT ASSETS

Debtors

5

33,686

-

Cash at bank and in hand

20,645

17,587

54,331

17,587

CREDITORS

Amounts falling due within one year

6

148,852

44,915

NET CURRENT LIABILITIES

(94,521

)

(27,328

)

TOTAL ASSETS LESS CURRENT LIABILITIES

128,054

76,378

CREDITORS

Amounts falling due after more than one year

7

139,196

35,164

NET (LIABILITIES)/ASSETS

(11,142

)

41,214

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(11,242

)

41,114

(11,142

)

41,214

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 30 October 2025 and were signed on its behalf by:

Ms D Lin - Director

Ms Y Yue - Director

1.	STATUTORY INFORMATION

Highlander Coaches Ltd 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 and revenue recognition

Turnover represents net sales from provision of coach hire services. Revenue is recognised on the point of completion of service.

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.

Plant and machinery etc

-

33% on cost and 20% on cost

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

All loans with related parties are all repayable on demand.

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.

Provision of liabilities

Provisions are recognised where the company has a present obligation as a result of a past event, it is probably the company will be required to settle the obligations, and a reliable estimate can be made of the obligations. The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

129,633

Additions

176,008

At 31 January 2025

305,641

DEPRECIATION

At 1 February 2024

25,927

Charge for year

57,139

At 31 January 2025

83,066

NET BOOK VALUE

At 31 January 2025

222,575

At 31 January 2024

103,706

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

Plant and

machinery

etc

£

COST

At 1 February 2024

129,633

Additions

173,583

At 31 January 2025

303,216

DEPRECIATION

At 1 February 2024

25,927

Charge for year

56,332

At 31 January 2025

82,259

NET BOOK VALUE

At 31 January 2025

220,957

At 31 January 2024

103,706

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

4,715

-

Other debtors

28,971

-

33,686

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,900

-

Hire purchase contracts

49,838

26,222

Trade creditors

2,803

-

Other creditors

91,311

18,693

148,852

44,915

The directors' current accounts are unsecured, interest free and has no fixed repayment period.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,849

-

Hire purchase contracts

136,347

35,164

139,196

35,164

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

22,862

-

8.	GOING CONCERN

The financial statements have been prepared on the going concern principal which assumes that the company will continue to function in the foreseeable future. In order to do so the company will require the continued support of its bank, creditors and directors. The directors will continue to support the company and is confident of the continued support of the bank.