REGISTERED NUMBER: 04250231 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Maghull Coaches Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A M Meek

J Reilly

C A Reilly

Mrs S H Reilly-Darku

SECRETARY:

C A Reilly

REGISTERED OFFICE:

32 Derby Street

Ormskirk

Lancashire

L39 2BY

REGISTERED NUMBER:

04250231 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Intangible assets

4

-

10,000

Tangible assets

5

646,773

698,990

646,773

708,990

CURRENT ASSETS

Stocks

6

15,000

15,000

Debtors

7

203,263

242,088

Cash at bank and in hand

501

61,150

218,764

318,238

CREDITORS

Amounts falling due within one year

8

509,885

595,090

NET CURRENT LIABILITIES

(291,121

)

(276,852

)

TOTAL ASSETS LESS CURRENT LIABILITIES

355,652

432,138

CREDITORS

Amounts falling due after more than one year

9

(54,254

)

(139,028

)

PROVISIONS FOR LIABILITIES

(122,887

)

(171,252

)

NET ASSETS

178,511

121,858

CAPITAL AND RESERVES

Called up share capital

10

100

100

Revaluation reserve

11

58,305

58,305

Retained earnings

120,106

63,453

SHAREHOLDERS' FUNDS

178,511

121,858

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 5 December 2025 and were signed on its behalf by:

A M Meek - Director

1.	STATUTORY INFORMATION

Maghull 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

at variable rates on reducing balance

Motor vehicles

-

10% on reducing balance

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.

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 51 (2024 - 57 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

200,000

AMORTISATION

At 1 August 2024

190,000

Amortisation for year

10,000

At 31 July 2025

200,000

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

10,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 August 2024

26,709

105,638

1,329,178

1,461,525

Additions

-

1,400

22,000

23,400

Disposals

-

-

(10,000

)

(10,000

)

At 31 July 2025

26,709

107,038

1,341,178

1,474,925

DEPRECIATION

At 1 August 2024

16,186

93,899

652,450

762,535

Charge for year

1,578

1,761

68,791

72,130

Eliminated on disposal

-

-

(6,513

)

(6,513

)

At 31 July 2025

17,764

95,660

714,728

828,152

NET BOOK VALUE

At 31 July 2025

8,945

11,378

626,450

646,773

At 31 July 2024

10,523

11,739

676,728

698,990

6.

STOCKS

31.7.25

31.7.24

£

£

Stocks

15,000

15,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

160,549

178,716

Other debtors

42,714

63,372

203,263

242,088

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

34,830

13,837

Hire purchase contracts

53,745

83,928

Trade creditors

77,437

55,581

Amounts owed to participating interests

39,049

33,935

Taxation and social security

118,225

153,781

Other creditors

186,599

254,028

509,885

595,090

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

14,613

19,667

Hire purchase contracts

39,641

79,361

Other creditors

-

40,000

54,254

139,028

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

£

100

Ordinary

£1

100

100

11.

RESERVES

Revaluation

reserve

£

At 1 August 2024

and 31 July 2025

58,305