REGISTERED NUMBER: 01051371 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

FOR

J COATES (HGV SERVICES) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S J Eburne

Mr A S Eburne

Ms C D Richards

Mr A J Steer

Mr C P Ashford

SECRETARY:

Ms C D Richards

REGISTERED OFFICE:

23 New Star Road

Leicester

LE4 9JD

REGISTERED NUMBER:

01051371 (England and Wales)

FIXED ASSETS

Tangible assets

4

427,672

547,205

CURRENT ASSETS

Stocks

4,329

3,918

Debtors

5

495,150

407,424

Cash at bank

39,472

11,434

538,951

422,776

CREDITORS

Amounts falling due within one year

6

769,979

727,582

NET CURRENT LIABILITIES

(231,028

)

(304,806

)

TOTAL ASSETS LESS CURRENT LIABILITIES

196,644

242,399

CREDITORS

Amounts falling due after more than one year

7

(25,000

)

(96,037

)

PROVISIONS FOR LIABILITIES

(86,096

)

(112,574

)

NET ASSETS

85,548

33,788

CAPITAL AND RESERVES

Called up share capital

50,000

50,000

Share premium

1,470

1,470

Retained earnings

34,078

(17,682

)

SHAREHOLDERS' FUNDS

85,548

33,788

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 29 October 2025 and were signed on its behalf by:

Mr S J Eburne - Director

Mr A S Eburne - Director

1.	STATUTORY INFORMATION

J Coates (HGV Services) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Revenue comprises the fair value for the sale of services excluding value added taxes and represents net invoice value less estimated rebates, returns and settlement discounts. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined as on the delivery of the course.

Tangible fixed assets

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

Fixtures and fittings

-

10% on reducing balance

Heavy goods and motor vehicles

-

various rates on cost & reducing balance

Computer equipment

-

25% 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.

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 the profit and loss account in the period to which they relate. The scheme is open to the directors and senior employees.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Heavy

Fixtures

goods and

and

motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2024

and 30 April 2025

138,299

1,384,794

212,883

1,735,976

DEPRECIATION

At 1 May 2024

136,412

860,184

192,175

1,188,771

Charge for year

996

103,502

15,035

119,533

At 30 April 2025

137,408

963,686

207,210

1,308,304

NET BOOK VALUE

At 30 April 2025

891

421,108

5,673

427,672

At 30 April 2024

1,887

524,610

20,708

547,205

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

361,538

218,060

Amounts owed by group undertakings

6,806

100

Other debtors

126,806

189,264

495,150

407,424

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

60,000

60,000

Hire purchase contracts

11,564

46,566

Trade creditors

320,771

311,287

Amounts owed to group undertakings

19,800

-

Taxation and social security

161,060

138,019

Other creditors

196,784

171,710

769,979

727,582

Included within 'Other creditors' is an amount of £117,705 (2024: £81,493) owed to Lloyds Bank Commercial Finance Limited in respect of invoice discounting.

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

25,000

85,000

Hire purchase contracts

-

11,037

25,000

96,037

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Other creditors

117,705

81,493

Hire purchase contracts

11,564

57,603

129,269

139,096

Within other creditors is an invoice discounting facility provided by Lloyds Bank Commercial finance. The amounts advanced are secured on the underlying debtor.

HP finance is secured on the asset concerned.