Alb Minicoaches Ltd - Filleted accounts

Registered number

07587393

Alb Minicoaches Ltd

Filleted Accounts

31 March 2025

Alb Minicoaches Ltd
Registered number:		07587393
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		53,337			66,670
Tangible assets	4		757,180			436,037
			810,517			502,707

Current assets
Debtors	5	8,000			8,000
Cash at bank and in hand		9,758			13,442
		17,758			21,442

Creditors: amounts falling due within one year	6	(169,231)			(241,003)

Net current liabilities			(151,473)			(219,561)

Total assets less current liabilities			659,044			283,146

Creditors: amounts falling due after more than one year	7		(488,234)			(186,242)



Net assets			170,810			96,904

Capital and reserves
Called up share capital			100			100
Profit and loss account			170,710			96,804

Shareholders' funds			170,810			96,904

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr Jimmy Bica Mrs Julina Bica
Director
Approved by the board on 17 December 2025

Alb Minicoaches Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Tools			20% reducing balance basis
	Office equipment			20% reducing balance basis
	Coaches			10% reducing balance basis

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					5		5


3	Intangible fixed assets							£
	Goodwill:

	Cost
	At 1 April 2024							200,000
	At 31 March 2025							200,000

	Amortisation
	At 1 April 2024							133,330
	Provided during the year							13,333
	At 31 March 2025							146,663

	Net book value
	At 31 March 2025							53,337
	At 31 March 2024							66,670

	Goodwill arises on incorporation. Goodwill is being written off in equal annual instalments over its estimated economic life of 15 years.






4	Tangible fixed assets
		Tools		Office equipment		Coaches		Total
£			£		£		£
	Cost
	At 1 April 2024	199		5,809		678,010		684,018
	Additions	-		-		405,615		405,615
	At 31 March 2025	199		5,809		1,083,625		1,089,633

	Depreciation
	At 1 April 2024	181		2,762		245,038		247,981
	Charge for the year	4		609		83,859		84,472
	At 31 March 2025	185		3,371		328,897		332,453

	Net book value
	At 31 March 2025	14		2,438		754,728		757,180
	At 31 March 2024	18		3,047		432,972		436,037


5	Debtors					2025		2024
£							£

	Other debtors and prepayments					8,000		8,000


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Directors' current account					698		115,113
	Bank loan					22,222		22,222
	Obligations under finance lease and hire purchase contracts					126,563		70,131
	Trade creditors					17,647		29,814
	Taxation and social security costs					251		663
	Other creditors and accruals					1,850		3,060
						169,231		241,003


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loan					3,704		25,906
	Obligations under finance lease and hire purchase contracts					484,530		160,336
						488,234		186,242


8	Related party balances					2025		2024
£							£
	During the year the company paid interim dividends to the
	shareholders who are also the directors.

	Mr Jimmy Bica					17,700		-
	Mrs Julina Bica					11,800		-

8	Controlling party

	The directors control the company.

9	Other information

	Alb Minicoaches Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	15 Glebe Gardens
	New Malden
	Surrey
	KT3 5RU