Wilfreda Luxury Coaches Limited

	Page
Strategic Report	1
Directors' Report	2—3
Independent Auditor's Report	4—6
Profit and Loss Account	7
Statement of Comprehensive Income	8
Balance Sheet	9—10
Statement of Changes in Equity	11
Statement of Cash Flows	12
Notes to the Statement of Cash Flows	13
Notes to the Financial Statements	14—23

The directors present their strategic report for the year ended 31 March 2025.

Review of the Business

The company has consolidated it's position and has worked to maintain clients and continue with its investment program to further build on the solid foundation. Demand remains strong for the companies services and the business is moving to increase market share locally and has already enjoyed some success in this area.

Principal Risks and Uncertainties

The predominant risks and uncertainties relating to the business relate to the availability of resources, energy costs and interest rates.

Political and monetary decisions taken by the current government will have an unavoidable negative impact on margins. Driver shortages nationally will continue to result in above inflation wage cost rises. Further political decisions including the proposed Employment Rights Bill have the potential to hamper growth and profitablity.

On behalf of the board

Mr Philip Haxby Director	Mr Nigel Haxby Director
23/12/2025

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Wilfreda Luxury Coaches Limited

Company No. 00474455

Directors' Report For The Year Ended 31 March 2025

Directors' Report

The directors present their report and the financial statements for the year ended 31 March 2025.

Principal Activity

The company's principal activity continues to be that of a provider of coaches and transportation for escorted tours, private hire and contracted services.

Directors

The directors who held office during the year were as follows:

Mrs Susan Scholey
Mr Philip Haxby
Mr Nigel Haxby
Mr Peter Scholey	Resigned	12/02/2025

Statement of Directors' Responsibilities

The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards, comprising FRS102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing the financial statements the directors are required to:

select suitable accounting policies and then apply them consistently;
make judgments and accounting estimates that are reasonable and prudent;
state whether applicable United Kingdom Accounting Standards, comprising FRS102, have been followed subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

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Wilfreda Luxury Coaches Limited

Directors' Report (continued)

For The Year Ended 31 March 2025

Statement of Disclosure of Information to Auditors

In the case of each director in office at the date the Directors' Report is approved:

so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware; and
they have taken all the steps that they ought to have taken as directors in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Independent Auditors

The auditors, A Wiggleworth and Company Limited, have indicated their willingness to continue in office and a resolution concerning their re-appointment will be proposed at the Annual General Meeting.

On behalf of the board

Mr Philip Haxby Director	Mr Nigel Haxby Director
23/12/2025

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Independent Auditor's Report

to the Members of

Wilfreda Luxury Coaches Limited

Independent Auditor's Report

Opinion

We have audited the financial statements of Wilfreda Luxury Coaches Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes of Equity, Cash Flow Statement and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit/(loss) for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for Opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions Relating to Going Concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

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Independent Auditor's Report (continued)

to the Members of

Wilfreda Luxury Coaches Limited

Opinions on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on Which We Are Required to Report by Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records or returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.

Responsibilities of Directors

As explained more fully in the Directors' Responsibilities Statement set out on page 2—3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor's Responsibilities for the Audit of the Financial Statements

The company is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the company and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Companies Act 2006 and Health and Safety regulations. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the company's result for the period, and management bias in key accounting estimates.

Use Of Our Report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters that we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

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Independent Auditor's Report (continued)

to the Members of

Wilfreda Luxury Coaches Limited

Arthur Wigglesworth FCA (Senior Statutory Auditor)

for and on behalf of A Wiggleworth and Company Limited , Statutory Auditor

23/12/2025

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Wilfreda Luxury Coaches Limited

Profit and Loss Account

For The Year Ended 31 March 2025

Profit and Loss Account

		2025	2024
	Notes	£	£
TURNOVER		8,063,483	8,062,679
Cost of sales		(5,163,065 )	(4,818,067 )

GROSS PROFIT		2,900,418	3,244,612

Administrative expenses		(2,216,847 )	(1,997,695 )

OPERATING PROFIT	3	683,571	1,246,917
(Loss)/profit on disposal of fixed assets		(1,882 )	41,694
Other interest receivable and similar income	8	21,559	15,311
Interest payable and similar charges	9	(175,390 )	(189,973 )

PROFIT BEFORE TAXATION		527,858	1,113,949
Tax on Profit	10	381,203	(295,785 )

PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR		909,061	818,164

The notes on pages 13 to 23 form part of these financial statements.

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Wilfreda Luxury Coaches Limited

Statement of Comprehensive Income

For The Year Ended 31 March 2025

Statement of Comprehensive Income

	2025	2024
	£	£
PROFIT FOR THE FINANCIAL YEAR	909,061	818,164
OTHER COMPREHENSIVE INCOME FOR THE YEAR	-	-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR	909,061	818,164

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Wilfreda Luxury Coaches Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 00474455

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	12		4,486,081		4,126,388
Investments	13		61,735		61,735

			4,547,816		4,188,123
CURRENT ASSETS
Stocks	14	62,898		79,268
Debtors	15	2,053,873		2,393,864
Cash at bank and in hand		1,076,424		1,846,127

		3,193,195		4,319,259
Creditors: Amounts Falling Due Within One Year	16	(2,453,660 )		(2,622,947 )

NET CURRENT ASSETS (LIABILITIES)			739,535		1,696,312

TOTAL ASSETS LESS CURRENT LIABILITIES			5,287,351		5,884,435

Creditors: Amounts Falling Due After More Than One Year	17		(1,796,015 )		(2,404,410 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	20		(600,000 )		(1,022,000 )

NET ASSETS			2,891,336		2,458,025

CAPITAL AND RESERVES
Called up share capital	22		78,003		100,003
Capital redemption reserve			22,000		-
Profit and Loss Account			2,791,333		2,358,022

SHAREHOLDERS' FUNDS			2,891,336		2,458,025

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Wilfreda Luxury Coaches Limited

Balance Sheet (continued)

As At 31 March 2025

On behalf of the board

Mr Philip Haxby Director	Mr Nigel Haxby Director
23/12/2025

The notes on pages 13 to 23 form part of these financial statements.

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Wilfreda Luxury Coaches Limited

Statement of Changes in Equity

For The Year Ended 31 March 2025

Statement of Changes in Equity

	Share Capital	Capital Redemption	Profit and Loss Account	Total
	£	£	£	£
As at 1 April 2023	100,003	-	1,736,558	1,836,561
Profit for the year and total comprehensive income	-	-	818,164	818,164

Dividends paid	-	-	(196,700)	(196,700)

As at 31 March 2024 and 1 April 2024	100,003	-	2,358,022	2,458,025


Profit for the year and total comprehensive income	-	-	909,061	909,061

Dividends paid	-	-	(175,750)	(175,750)
Purchase of own shares	(22,000 )	22,000	(300,000 )	(300,000)

As at 31 March 2025	78,003	22,000	2,791,333	2,891,336

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Wilfreda Luxury Coaches Limited

Statement of Cash Flows

For The Year Ended 31 March 2025

Statement of Cash Flows

		2025	2024
	Notes	£	£
Cash flows from operating activities
Net cash generated from operations	1	922,429	2,328,065
Interest paid		(175,390 )	(189,973 )
Tax paid		(96,314 )	-

Net cash generated from operating activities		650,725	2,138,092

Cash flows from investing activities
Purchase of tangible assets		(903,042 )	(1,123,770 )
Proceeds from disposal of tangible assets		5,000	117,583
Interest received		21,559	15,311

Net cash used in investing activities		(876,483 )	(990,876 )

Cash flows from financing activities
Purchase/redemption of own shares		(300,000 )	-
Equity dividends paid		(175,750 )	(196,700 )
Repayment of bank borrowings		(350,146 )	(120,571 )
Proceeds from new other loans		33,920	-
Repayment of other loans		-	(20,735)
Repayment of finance leases		79,713	(30,479 )
Amount introduced by directors		260,045	5,021
Amount withdrawn by directors		(172,114)	(17,381)

Net cash used in financing activities		(624,332 )	(380,845 )



(Decrease)/increase in cash and cash equivalents		(850,090 )	766,371
Cash and cash equivalents at beginning of year	2	1,846,127	1,079,756

Cash and cash equivalents at end of year	2	996,037	1,846,127

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Wilfreda Luxury Coaches Limited

Notes to the Statement of Cash Flows

For The Year Ended 31 March 2025

Notes to the Statement of Cash Flows

1. Reconciliation of profit for the financial year to cash generated from operations

	2025	2024
	£	£
Profit for the financial year	909,061	818,164
Adjustments for:
Tax on profit	(381,203 )	295,785
Interest expense	175,390	189,973
Interest income	(21,559 )	(15,311 )
Amortisation of intangible assets	-	13,090
Depreciation of tangible assets	536,467	477,973
Loss/(profit) on disposal of tangible assets	1,882	(41,694)
Movements in working capital:
Decrease/(increase) in stocks	16,370	(55,278 )
Decrease in trade and other debtors	289,113	76,993
(Decrease)/increase in trade and other creditors	(603,092 )	568,370

Net cash generated from operations	922,429	2,328,065

2. Cash and cash equivalents

Cash and cash equivalents, as stated in the Statement of Cash Flows, relates to the following items in the Balance Sheet:

	2025	2024
	£	£
Cash at bank and in hand	1,076,424	1,846,127
Overdraft facilities repayable on demand	(80,387 )	-

Cash and cash equivalents as stated in the Statement of Cash Flows	996,037	1,846,127

3. Analysis of changes in net debt

	As at 1 April 2024	Cash flows	As at 31 March 2025
	£	£	£
Cash at bank and in hand	1,846,127	(769,703)	1,076,424
Overdraft facilities repayable on demand	-	(80,387)	(80,387)

Cash and cash equivalents	1,846,127	(850,090)	996,037
Finance leases	(2,561,466)	(79,713)	(2,641,179)
Debts falling due within one year	(149,086 )	(10,101)	(159,187 )
Debts falling due after more than one year	(363,649)	326,327	(37,322)

	(1,228,074)	(613,577)	(1,841,651)

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Wilfreda Luxury Coaches Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Wilfreda Luxury Coaches Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00474455 . The registered office is Apex House, Church Lane, Adwick le Street, Doncaster, South Yorkshire, DN6 7AY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of twenty years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Office equipment - 50% on cost, 33% on cost and 20% on cost

Garage and depot equipment - 50% on cost, 20% on cost, 15% on reducing balance, 10% on cost and 6.67% on cost

Motor vehicles - 50% on cost, 33% on cost, 25% on cost, 20% on cost, 20% on reducing balance, 15% on reducing balance, 12.5% on reducing balance, 10% on cost, 10% on reducing balance and 14.28% on cost

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Wilfreda Luxury Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

Cost is determined using the first-in, first-out method. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Work in progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is required the impairment charge is reversed, up to the original impairment loss, and is recognised as a credit in the profit and loss account.

2.7. Cash and Cash Equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Wilfreda Luxury Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Operating Profit

The operating profit is stated after charging:

	2025	2024
	£	£
Depreciation of tangible fixed assets	536,467	477,973
Amortisation of intangible fixed assets	-	13,090

4. Auditor's Remuneration

Remuneration received by the company's auditors and their associates during the year was as follows:

	2025	2024
	£	£
Audit Services
Audit of the company's financial statements	18,500	18,500

5. Staff Costs

Staff costs, including directors' remuneration, were as follows:

	2025	2024
	£	£
Wages and salaries	2,164,186	1,745,862
Social security costs	190,931	146,768
Other pension costs	277,233	390,677

	2,632,350	2,283,307

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Wilfreda Luxury Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	15	13
Drivers	60	55

	75	68

7. Directors' remuneration

	2025	2024
	£	£
Emoluments	237,549	156,237
Company contributions to money purchase pension schemes	120,000	260,000

	357,549	416,237

The number of directors to whom retirement benefits were accruing was as follows:

	2025		2024
Money purchase pension schemes	2		4

8. Interest Receivable and Similar Income

	2025	2024
	£	£
Interest on short term deposits	21,559	14,367
Other interest receivable	-	944

	21,559	15,311

9. Interest Payable and Similar Charges

	2025	2024
	£	£
Bank loans and overdrafts	45,366	66,249
Finance charges payable under finance leases and hire purchase contracts	109,831	100,803
Other finance charges	20,193	22,921

	175,390	189,973

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Wilfreda Luxury Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Tax on Profit

	Tax Rate		2025	2024
The tax (credit)/charge on the profit for the year was as follows:
	2025	2024	£	£
Current tax
UK Corporation Tax	25.0%	25.0%	40,797	95,785
Deferred Tax
Deferred taxation			(422,000 )	200,000


Total tax charge for the period			(381,203 )	295,785


The actual (credit)/charge for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
			2025	2024
			£	£
Profit before tax			527,858	1,113,949

Tax on profit at 25% (UK standard rate)			131,964	278,487
Tax losses utilised			-	(42,868 )
Capital allowances			(91,167 )	(139,834 )
Deferred tax from unrecognised timing difference from a prior period			(422,000 )	200,000

Total tax charge for the period			(381,203)	295,785

11. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	417,149

As at 31 March 2025	417,149

Amortisation
As at 1 April 2024	417,149

As at 31 March 2025	417,149

Net Book Value
As at 31 March 2025	-

As at 1 April 2024	-

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Wilfreda Luxury Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 April 2024	14,338	69,259	7,660,678	201,110
Additions	-	6,980	896,062	-
Disposals	-	(2,506 )	(25,769 )	-

As at 31 March 2025	14,338	73,733	8,530,971	201,110

Depreciation
As at 1 April 2024	14,338	68,730	3,580,882	156,319
Provided during the period	-	1,026	527,918	7,454
Disposals	-	(2,506 )	(18,887 )	-

As at 31 March 2025	14,338	67,250	4,089,913	163,773

Net Book Value
As at 31 March 2025	-	6,483	4,441,058	37,337

As at 1 April 2024	-	529	4,079,796	44,791


	Computer Equipment	Total
	£	£
Cost
As at 1 April 2024	2,277	7,947,662
Additions	-	903,042
Disposals	-	(28,275 )

As at 31 March 2025	2,277	8,822,429

Depreciation
As at 1 April 2024	1,005	3,821,274
Provided during the period	69	536,467
Disposals	-	(21,393 )

As at 31 March 2025	1,074	4,336,348

Net Book Value
As at 31 March 2025	1,203	4,486,081

As at 1 April 2024	1,272	4,126,388

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Wilfreda Luxury Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

13. Investments

	Unlisted
	£
Cost
As at 1 April 2024	79,330

As at 31 March 2025	79,330

Provision
As at 1 April 2024	17,595

As at 31 March 2025	17,595

Net Book Value
As at 31 March 2025	61,735

As at 1 April 2024	61,735

14. Stocks

	2025	2024
	£	£
Stock	62,898	79,268

15. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	373,575	288,094
Amounts owed by participating interests	1,552,509	1,650,001
Other debtors	127,789	455,769

	2,053,873	2,393,864

16. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	882,486	520,705
Trade creditors	250,628	657,224
Bank loans and overdrafts	192,389	135,821
Other loans	47,185	13,265
Amounts owed to group undertakings	62,505	62,505
Other creditors	575,053	758,760

...CONTINUED

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Page 21

Wilfreda Luxury Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Corporation tax	40,797	96,314
Taxation and social security	90,802	37,776
Accruals and deferred income	311,815	340,577

	2,453,660	2,622,947

17. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,758,693	2,040,761
Bank loans	37,322	363,649

	1,796,015	2,404,410

18. Loans

An analysis of the maturity of loans is given below:

	2025	2024
	£	£
Amounts falling due within one year or on demand:
Bank loans	112,002	135,821
Other loans	47,185	13,265

	159,187	149,086

	2025	2024
	£	£
Amounts falling due between one and five years:
Bank loans	37,322	363,649

19. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	882,486	520,705
Later than one year and not later than five years	1,758,693	2,040,761

	2,641,179	2,561,466

	2,641,179	2,561,466

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Page 22

Wilfreda Luxury Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

20. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	600,000	1,022,000

21. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 April 2024	1,022,000	1,022,000
Utilised	(422,000 )	(422,000)

Balance at 31 March 2025	600,000	600,000

22. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
38,000 Ordinary A shares of £ 1 each	38,000	50,000
20,000 Ordinary B shares of £ 1 each	20,000	20,000
20,000 Ordinary C shares of £ 1 each	20,000	30,000
1 Ordinary D shares of £ 1 each	1	1
1 Ordinary E shares of £ 1 each	1	1
1 Ordinary F shares of £ 1 each	1	1

	78,003	100,003


Shares disposed during the period:	£
12,000 Ordinary A shares of £ 1 each	(12,000)
10,000 Ordinary C shares of £ 1 each	(10,000)

	(22,000)

23. Pension Commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.

During the year the charge to the profit and loss account in respect of defined contribution schemes was £277,233 (2024: £390,677).

At the balance sheet date contributions of £NIL were due to the fund and are included in creditors.

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Wilfreda Luxury Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

24. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mrs Susan Scholey DL	12,717	5,887	12,717	-	5,887
Mr Philip Haxby	1,076	41,808	(62,063 )	-	(19,180 )
Mr Nigel Haxby	10,455	32,800	(61,281 )	-	(18,026 )
Mr Peter Scholey	33,233	96,360	(129,593)	-	-

Interest is charged on any amounts due to the company a rate of 2.25% p.a.

25. Dividends

	2025	2024
	£	£
On equity shares:
Final dividend paid	175,750	196,700

Page 23