REGISTERED NUMBER: 04399288 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Charlton Minicoaches Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M T Charlton

SECRETARY:

Ms K L Charlton

REGISTERED OFFICE:

101 Merlin Park Ringtail Road

Burscough Industrial Estate

Burscough

Lancashire

L40 8JY

REGISTERED NUMBER:

04399288 (England and Wales)

ACCOUNTANTS:

Myersons

Chartered Accountants

32 Derby Street

Ormskirk

Lancashire

L39 2BY

FIXED ASSETS

Tangible assets

4

392,727

336,487

CURRENT ASSETS

Debtors

5

116,734

111,760

Cash at bank and in hand

33,748

35,372

150,482

147,132

CREDITORS

Amounts falling due within one year

6

106,969

85,246

NET CURRENT ASSETS

43,513

61,886

TOTAL ASSETS LESS CURRENT LIABILITIES

436,240

398,373

CREDITORS

Amounts falling due after more than one year

7

(38,283

)

(49,022

)

PROVISIONS FOR LIABILITIES

(69,778

)

(80,690

)

NET ASSETS

328,179

268,661

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

328,178

268,660

SHAREHOLDERS' FUNDS

328,179

268,661

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 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 16 December 2025 and were signed by:

M T Charlton - Director

1.	STATUTORY INFORMATION

Charlton Minicoaches 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

15% on reducing balance

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

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.

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 16 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

12,515

16,799

542,472

571,786

Additions

-

-

110,595

110,595

At 31 March 2025

12,515

16,799

653,067

682,381

DEPRECIATION

At 1 April 2024

3,739

10,167

221,393

235,299

Charge for year

878

666

52,811

54,355

At 31 March 2025

4,617

10,833

274,204

289,654

NET BOOK VALUE

At 31 March 2025

7,898

5,966

378,863

392,727

At 31 March 2024

8,776

6,632

321,079

336,487

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

Motor

vehicles

£

COST

At 1 April 2024

198,990

Additions

54,000

At 31 March 2025

252,990

DEPRECIATION

At 1 April 2024

55,565

Charge for year

22,864

At 31 March 2025

78,429

NET BOOK VALUE

At 31 March 2025

174,561

At 31 March 2024

143,425

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

103,730

103,399

Other debtors

13,004

8,361

116,734

111,760

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 8)

56,859

43,913

Trade creditors

6,662

10,362

Taxation and social security

23,509

18,365

Other creditors

19,939

12,606

106,969

85,246

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 8)

38,283

49,022

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

56,859

43,913

Between one and five years

38,283

49,022

95,142

92,935

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

-

12,375