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Registered number: 06218278
Whites Coaches Limited
Unaudited Financial Statements
For The Year Ended 30 April 2025
Haines and Company
Chartered Certified Accountants
Rear of 81 High Street
Wallingford
Oxfordshire
OX10 0BX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06218278
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 854,795 648,082
854,795 648,082
CURRENT ASSETS
Debtors 6 53,465 56,961
Cash at bank and in hand 11,027 43,041
64,492 100,002
Creditors: Amounts Falling Due Within One Year 7 (315,221 ) (279,830 )
NET CURRENT ASSETS (LIABILITIES) (250,729 ) (179,828 )
TOTAL ASSETS LESS CURRENT LIABILITIES 604,066 468,254
Creditors: Amounts Falling Due After More Than One Year 8 (549,906 ) (394,545 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (39,388 ) (39,388 )
NET ASSETS 14,772 34,321
CAPITAL AND RESERVES
Called up share capital 11 2 2
Profit and Loss Account 14,770 34,319
SHAREHOLDERS' FUNDS 14,772 34,321
Page 1
Page 2
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 David Bainbridge
Director
19th January 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Whites Coaches Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06218278 . The registered office is 90 Colwell Road, Berinsfield, Oxfordshire, OX10 7NU.
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.
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 5 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:
Motor Vehicles 15% reducing balance
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.
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2.6. 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 year 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.
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 7)
8 7
4. Intangible Assets
Goodwill
£
Cost
As at 1 May 2024 25,000
As at 30 April 2025 25,000
Amortisation
As at 1 May 2024 25,000
As at 30 April 2025 25,000
Net Book Value
As at 30 April 2025 -
As at 1 May 2024 -
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5. Tangible Assets
Motor Vehicles
£
Cost
As at 1 May 2024 1,588,082
Additions 365,450
Disposals (271,450 )
As at 30 April 2025 1,682,082
Depreciation
As at 1 May 2024 940,000
Provided during the period 123,122
Disposals (235,835 )
As at 30 April 2025 827,287
Net Book Value
As at 30 April 2025 854,795
As at 1 May 2024 648,082
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 47,585 53,560
Other debtors 5,880 3,401
53,465 56,961
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 170,695 95,867
Trade creditors 23,359 2,494
Bank loans and overdrafts 15,191 51,792
Other creditors 89,950 116,879
Taxation and social security 16,026 12,798
315,221 279,830
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8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 513,929 359,511
Bank loans 35,977 35,034
549,906 394,545
9. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 170,695 95,867
Later than one year and not later than five years 513,929 359,511
684,624 455,378
684,624 455,378
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 39,388 39,388
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 2 2
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