BANSTEAD COACHES LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M C Haynes

REGISTERED OFFICE:

1 Shrubland Road

Banstead

Surrey

SM7 2ES

REGISTERED NUMBER:

00618443 (England and Wales)

ACCOUNTANTS:

Halsey & Co (Accountants) Ltd.

Chartered Certified Accountants

Registered Auditors

2 Villiers Court

40 Upper Mulgrave Road

Cheam

Surrey

SM2 7AJ

FIXED ASSETS

Tangible assets

5

1,139,032

1,047,734

CURRENT ASSETS

Stocks

30,000

30,000

Debtors

6

74,449

74,617

Cash at bank and in hand

227,495

226,803

331,944

331,420

CREDITORS

Amounts falling due within one year

7

165,726

127,915

NET CURRENT ASSETS

166,218

203,505

TOTAL ASSETS LESS CURRENT LIABILITIES

1,305,250

1,251,239

CREDITORS

Amounts falling due after more than one year

8

(227,437

)

(140,162

)

PROVISIONS FOR LIABILITIES

(149,549

)

(131,338

)

NET ASSETS

928,264

979,739

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

927,264

978,739

SHAREHOLDERS' FUNDS

928,264

979,739

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 30th September 2025 and were signed by:

M C Haynes - Director

1.	STATUTORY INFORMATION

Banstead 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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.

Freehold property

-

not provided

Short leasehold

-

not provided

Improvements to property

-

10% on reducing balance

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on 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 not recognised unless it is certain 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2024 - 42 ) .

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

Short

to

Plant and

property

leasehold

property

machinery

£

£

£

£

COST OR VALUATION

At 1st April 2024

475,000

57,361

1,800

11,897

Additions

-

-

-

3,744

Disposals

-

-

-

-

At 31st March 2025

475,000

57,361

1,800

15,641

DEPRECIATION

At 1st April 2024

-

-

180

7,979

Charge for year

-

-

162

767

Eliminated on disposal

-

-

-

-

At 31st March 2025

-

-

342

8,746

NET BOOK VALUE

At 31st March 2025

475,000

57,361

1,458

6,895

At 31st March 2024

475,000

57,361

1,620

3,918

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1st April 2024

10,954

2,210,245

5,734

2,772,991

Additions

-

244,000

-

247,744

Disposals

-

(36,630

)

-

(36,630

)

At 31st March 2025

10,954

2,417,615

5,734

2,984,105

DEPRECIATION

At 1st April 2024

9,268

1,704,353

3,477

1,725,257

Charge for year

169

148,996

1,435

151,529

Eliminated on disposal

-

(31,713

)

-

(31,713

)

At 31st March 2025

9,437

1,821,636

4,912

1,845,073

NET BOOK VALUE

At 31st March 2025

1,517

595,979

822

1,139,032

At 31st March 2024

1,686

505,892

2,257

1,047,734

Cost or valuation at 31st March 2025 is represented by:

Improvements

Freehold

Short

to

Plant and

property

leasehold

property

machinery

£

£

£

£

Valuation in 2022

250,584

-

-

3,114

Valuation in 2024

-

-

1,800

1,507

Valuation in 2025

-

-

-

3,744

Cost

224,416

57,361

-

7,276

475,000

57,361

1,800

15,641

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2022

-

(381,246

)

3,232

(124,316

)

Valuation in 2023

1,022

85,734

799

87,555

Valuation in 2024

125

(546,211

)

1,245

(541,534

)

Valuation in 2025

-

207,370

-

211,114

Cost

9,807

3,051,968

458

3,351,286

10,954

2,417,615

5,734

2,984,105

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

70,299

69,466

VAT

4,150

4,438

Prepayments

-

713

74,449

74,617

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Finance leases

83,725

54,872

Trade creditors

23,649

19,849

Amounts owed to associates

30,567

30,567

Social security and other taxes

12,327

10,711

Other creditors

80

92

Net wages payable

6,945

5,332

Pensions payable

1,613

1,010

Directors' current accounts

1,048

887

Deferred income

800

-

Accrued expenses

4,972

4,595

165,726

127,915

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Finance leases

227,437

140,162