Whytes Coaches Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the directors on the preparation of the unaudited statutory accounts of Whytes Coaches Limited for the year ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Whytes Coaches Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the directors of Whytes Coaches Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Whytes Coaches Limited and state those matters that we have agreed to state to the directors of Whytes Coaches Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Whytes Coaches Limited and its directors as a body for our work or for this report.

It is your duty to ensure that Whytes Coaches Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Whytes Coaches Limited . You consider that Whytes Coaches Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Whytes Coaches Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

8 January 2026

Nuvo Scotland Limited

Office 2&3

Thainstone Business Centre

Thainstone

Inverurie

AB51 5TB

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Whytes Coaches Limited

Balance Sheet

As At 30 April 2025

Balance Sheet

Registered number: SC333425

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		296,634		205,186

			296,634		205,186
CURRENT ASSETS
Stocks	6	7,028		4,250
Debtors	7	305,428		238,303
Cash at bank and in hand		927		827

		313,383		243,380
Creditors: Amounts Falling Due Within One Year	8	(272,899 )		(246,817 )

NET CURRENT ASSETS (LIABILITIES)			40,484		(3,437 )

TOTAL ASSETS LESS CURRENT LIABILITIES			337,118		201,749

Creditors: Amounts Falling Due After More Than One Year	9		(132,087 )		(47,924 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(70,856 )		(47,209 )

NET ASSETS			134,175		106,616

CAPITAL AND RESERVES
Called up share capital			50,000		50,000
Profit and Loss Account			84,175		56,616

SHAREHOLDERS' FUNDS			134,175		106,616

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Whytes Coaches Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D Campbell

Director

8 January 2026

The notes on pages 4 to 8 form part of these financial statements.

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Whytes Coaches Limited

Notes to the Financial Statements

For The Year Ended 30 April 2025

Notes to the Financial Statements

1. General Information

Whytes Coaches Limited is a private company, limited by shares, incorporated in Scotland, registered number SC333425 . The registered office is Scotstown Road, Newmachar, AB21 7PP.

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

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 section 1A Small Entities "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.

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 ten years.

2.4. Tangible Fixed Assets and Depreciation

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Assets held under finance leases are depreciated in the same way as owned assets.

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:

Leasehold	5% on cost
Plant & Machinery	20% on cost
Motor Vehicles	10% on cost
Fixtures & Fittings	20% on cost

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 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 includes all direct costs and an appropriate proportion of fixed and variable overheads.

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Whytes Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.7. Financial Instruments

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors and cash and bank balances are measured at transaction price including transaction costs.

Financial assets are derecognised when the contractual rights to cash flows from the asset expire or are settled or when the company transfers the risks and rewards of ownership to another entity.

Basic financial liabilities

Basic financial liabilities, which include trade and other creditors and bank loans payable within one year are not amortised and is recognised at transaction price.

Debt instruments are initially recognised at transaction price plus transaction cost and subsequently carried at amortised cost using the effective interest rate method.

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

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

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

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.

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.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 7)

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Whytes Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 May 2024	343,003

As at 30 April 2025	343,003

Amortisation
As at 1 May 2024	343,003

As at 30 April 2025	343,003

Net Book Value
As at 30 April 2025	-

As at 1 May 2024	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 May 2024	62,778	38,182	876,273	17,128	994,361
Additions	-	-	140,350	-	140,350

As at 30 April 2025	62,778	38,182	1,016,623	17,128	1,134,711

Depreciation
As at 1 May 2024	46,430	38,182	687,435	17,128	789,175
Provided during the period	3,139	-	45,763	-	48,902

As at 30 April 2025	49,569	38,182	733,198	17,128	838,077

Net Book Value
As at 30 April 2025	13,209	-	283,425	-	296,634

As at 1 May 2024	16,348	-	188,838	-	205,186

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	191,544	62,338

6. Stocks

	2025	2024
	£	£
Stock	7,028	4,250

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Whytes Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	30,164	28,392
Prepayments and accrued income	13,429	15,028
VAT	33,425	3,127
Amounts owed by group undertakings	228,410	191,756

	305,428	238,303

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	66,675	17,239
Trade creditors	24,846	12,442
Bank loans and overdrafts	130,577	140,119
Corporation tax	(1,893 )	26,008
Other taxes and social security	1,296	1,685
Other creditors	2,463	804
Accruals and deferred income	3,559	3,768
Directors' loan accounts	45,376	44,752

	272,899	246,817

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	105,559	15,798
Bank loans	26,528	32,126

	132,087	47,924

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	-		7,010

10. Secured Creditors

The following secured debts are included within creditors:

The company has granted a floating charge in favour of Bank of Scotland PLC in respect of all present and future undertakings and property of the company.

	2025		2024
	£		£
Bank loans and overdrafts	124,684		134,269

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Whytes Coaches Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

11. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	66,675	17,239
Later than one year and not later than five years	105,559	15,798

	172,234	33,037

	172,234	33,037

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 May 2024	47,209	47,209
Deferred taxation	23,647	23,647

Balance at 30 April 2025	70,856	70,856

13. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 May 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 April 2025
	£	£	£	£	£
Mr David Campbell	(27,036 )	-	(312 )	-	(27,348 )
Mr Jason Carrison	(17,716 )	-	(312 )	-	(18,028 )

The above loan is interest free and has no fixed repayment terms.

14. Related Party Transactions

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is WCCU Limited.

The ultimate controlling parties are the directors who control 100% of the shares of WCCU Limited.

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