REGISTERED NUMBER: 07944206 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Commandery Coaches (Worcester) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr M R Rowley

Mrs G F Rowley

Mr W F D Rowley

Mr E A P Rowley

Registered office:

4 & 4a Tolladine Terrace

Worcester

WR4 9NW

Registered number:

07944206 (England and Wales)

Accountants:

Crowthers

The Courtyard

19 High Street

Pershore

Worcestershire

WR10 1AA

FIXED ASSETS

Tangible assets

4

1,729,043

1,544,159

CURRENT ASSETS

Stocks

1,000

1,000

Debtors

5

141,457

127,809

Cash at bank

342,292

345,246

484,749

474,055

CREDITORS

Amounts falling due within one year

6

544,053

611,036

NET CURRENT LIABILITIES

(59,304

)

(136,981

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,669,739

1,407,178

CREDITORS

Amounts falling due after more than one year

7

(1,034,487

)

(878,918

)

PROVISIONS FOR LIABILITIES

(397,848

)

(350,696

)

NET ASSETS

237,404

177,564

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

237,304

177,464

SHAREHOLDERS' FUNDS

237,404

177,564

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

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

Mr M R Rowley - Director

1.	STATUTORY INFORMATION

Commandery Coaches (Worcester) 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.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

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

-

25% on cost, 12.5% on cost and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 23 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

Cost

At 1 April 2024

3,376,436

Additions

492,000

Disposals

(138,000

)

At 31 March 2025

3,730,436

Depreciation

At 1 April 2024

1,832,277

Charge for year

307,116

Eliminated on disposal

(138,000

)

At 31 March 2025

2,001,393

Net book value

At 31 March 2025

1,729,043

At 31 March 2024

1,544,159

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

Plant and

machinery

etc

£

Cost

At 1 April 2024

1,727,735

Additions

492,000

Transfer to ownership

(517,376

)

At 31 March 2025

1,702,359

Depreciation

At 1 April 2024

513,191

Charge for year

170,236

Transfer to ownership

(313,071

)

At 31 March 2025

370,356

Net book value

At 31 March 2025

1,332,003

At 31 March 2024

1,214,544

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

133,318

122,074

Other debtors

8,139

5,735

141,457

127,809

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

40,343

78,266

Hire purchase contracts

216,295

190,129

Trade creditors

48,703

69,100

Taxation and social security

23,795

21,053

Other creditors

214,917

252,488

544,053

611,036

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

84,152

119,394

Hire purchase contracts

950,335

759,524

1,034,487

878,918

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

100,339

60,686

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

124,495

197,660

Hire purchase contracts

1,166,630

949,653

1,291,125

1,147,313

The amounts disclosed above are secured on the assets that are subject to the respective finance agreements.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors are amounts owed to the directors for £194,279 (2024: £231,426) these are interest free, unsecured and repayable on demand.