REGISTERED NUMBER: 11381521 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MAY 2025

FOR

PORTSMOUTH CITY COACHES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Elkin

SECRETARY:

REGISTERED OFFICE:

Elson Geaves

Forest Links Road

Ferndown

Dorset

BH22 9PH

REGISTERED NUMBER:

11381521 (England and Wales)

ACCOUNTANTS:

Elson Geaves Accountants

Chartered Certified Accountants

Elson Geaves

Forest Links Road

Ferndown

Dorset

BH22 9PH

FIXED ASSETS

Tangible assets

4

2,103,120

1,401,408

CURRENT ASSETS

Debtors

5

235,064

119,724

Cash at bank and in hand

221,616

30,905

456,680

150,629

CREDITORS

Amounts falling due within one year

6

497,701

344,424

NET CURRENT LIABILITIES

(41,021

)

(193,795

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,062,099

1,207,613

CREDITORS

Amounts falling due after more than one year

7

(1,467,957

)

(771,717

)

PROVISIONS FOR LIABILITIES

(376,945

)

(266,267

)

NET ASSETS

217,197

169,629

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

217,196

169,628

217,197

169,629

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 1 December 2025 and were signed by:

M J Elkin - Director

1.	STATUTORY INFORMATION

Portsmouth City 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.

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

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.

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 12 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2024

1,736,467

Additions

1,016,169

Disposals

(101,000

)

At 31 May 2025

2,651,636

DEPRECIATION

At 1 June 2024

335,059

Charge for year

231,657

Eliminated on disposal

(18,200

)

At 31 May 2025

548,516

NET BOOK VALUE

At 31 May 2025

2,103,120

At 31 May 2024

1,401,408

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

137,069

104,153

Other debtors

9,850

15,571

146,919

119,724

Amounts falling due after more than one year:

Other debtors

88,145

-

Aggregate amounts

235,064

119,724

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

372,753

231,998

Trade creditors

44,399

31,241

Taxation and social security

7,452

7,336

Other creditors

73,097

73,849

497,701

344,424

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

29,630

34,039

Hire purchase contracts

1,438,327

737,678

1,467,957

771,717