REGISTERED NUMBER: 03927621 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

PRINCESS COACHES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr PA Brown

Mrs Y B Barfoot

Mrs D K Brown

SECRETARY:

Mrs Y B Barfoot

REGISTERED OFFICE:

Princess Garage

Botley Road, West End

Southampton

Hampshire

SO30 3HA

REGISTERED NUMBER:

03927621 (England and Wales)

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

2,568,777

2,127,628

2,568,777

2,127,628

CURRENT ASSETS

Stocks

7,030

12,502

Debtors

7

366,386

609,859

Cash at bank and in hand

1,427,215

1,004,531

1,800,631

1,626,892

CREDITORS

Amounts falling due within one year

8

346,447

257,679

NET CURRENT ASSETS

1,454,184

1,369,213

TOTAL ASSETS LESS CURRENT LIABILITIES

4,022,961

3,496,841

CREDITORS

Amounts falling due after more than one year

9

(24,226

)

(55,544

)

PROVISIONS FOR LIABILITIES

(633,545

)

(510,771

)

NET ASSETS

3,365,190

2,930,526

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

3,364,190

2,929,526

3,365,190

2,930,526

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

Mr PA Brown - Director

Mrs D K Brown - Director

1.	STATUTORY INFORMATION

Princess 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.

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

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.

Turnover

Turnover represents the value of hire undertaken and workshop services provided during the year, exclusive of VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, has been fully amortised.

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.

Improvements to property

-

over 10 years

Plant and machinery

-

10% straight line

Fixtures and fittings

-

20% straight line

Motor vehicles

-

10% straight line

Computer equipment

-

33% straight line

All fixed assets are initially recorded at 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 Statement of Income and Retained Earnings, 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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2024 - 24 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2024

and 31 July 2025

87,000

AMORTISATION

At 1 August 2024

and 31 July 2025

87,000

NET BOOK VALUE

At 31 July 2025

-

At 31 July 2024

-

6.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 August 2024

33,787

211,340

5,032

Additions

14,685

56,064

-

Disposals

-

-

-

At 31 July 2025

48,472

267,404

5,032

DEPRECIATION

At 1 August 2024

5,817

147,727

4,060

Charge for year

3,974

19,103

247

Eliminated on disposal

-

-

-

At 31 July 2025

9,791

166,830

4,307

NET BOOK VALUE

At 31 July 2025

38,681

100,574

725

At 31 July 2024

27,970

63,613

972

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

4,067,284

14,552

4,331,995

Additions

897,000

3,790

971,539

Disposals

(645,375

)

-

(645,375

)

At 31 July 2025

4,318,909

18,342

4,658,159

DEPRECIATION

At 1 August 2024

2,035,416

11,347

2,204,367

Charge for year

383,350

2,374

409,048

Eliminated on disposal

(524,033

)

-

(524,033

)

At 31 July 2025

1,894,733

13,721

2,089,382

NET BOOK VALUE

At 31 July 2025

2,424,176

4,621

2,568,777

At 31 July 2024

2,031,868

3,205

2,127,628

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

296,567

301,670

Other debtors

69,819

308,189

366,386

609,859

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

31,318

30,229

Trade creditors

39,698

48,813

Taxation and social security

48,923

18,150

Other creditors

226,508

160,487

346,447

257,679

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

24,226

55,544