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Company Registration No. 8758110 (England and Wales)
RED LINE BUSES LTD Unaudited accounts for the year ended 31 March 2025
RED LINE BUSES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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RED LINE BUSES LTD Company Information for the year ended 31 March 2025
Directors
Wali KHAN Parmeena BEGUM Taj Wali KHAN
Company Number
8758110 (England and Wales)
Registered Office
INTERNATIONAL HOUSE 3 GRIFFIN LANE AYLESBURY BUCKINGHAMSHIRE HP19 8BP ENGLAND
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RED LINE BUSES LTD Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,454,486
1,181,838
Current assets
Debtors
5
958,420
482,854
Cash at bank and in hand
459,616
630,355
1,418,036
1,113,209
Creditors: amounts falling due within one year
6
(602,739)
(452,834)
Net current assets
815,297
660,375
Net assets
2,269,783
1,842,213
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
2,269,683
1,842,113
Shareholders' funds
2,269,783
1,842,213
For the year ending 31 March 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 January 2026 and were signed on its behalf by
Wali KHAN Director Company Registration No. 8758110
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RED LINE BUSES LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
RED LINE BUSES LTD is a private company, limited by shares, registered in England and Wales, registration number 8758110. The registered office is INTERNATIONAL HOUSE, 3 GRIFFIN LANE, AYLESBURY, BUCKINGHAMSHIRE, HP19 8BP, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% at cost
Motor vehicles
10% at cost
Computer equipment
20% at cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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RED LINE BUSES LTD Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,030,075
1,539,408
36,585
2,606,068
Additions
-
573,833
-
573,833
At 31 March 2025
1,030,075
2,113,241
36,585
3,179,901
Depreciation
At 1 April 2024
178,834
1,218,713
26,683
1,424,230
Charge for the year
103,007
190,861
7,317
301,185
At 31 March 2025
281,841
1,409,574
34,000
1,725,415
Net book value
At 31 March 2025
748,234
703,667
2,585
1,454,486
At 31 March 2024
851,241
320,695
9,902
1,181,838
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
38,709
21,811
Accrued income and prepayments
40,546
40,546
Other debtors
694,466
244,466
773,721
306,823
Amounts falling due after more than one year
Other debtors
184,699
176,031
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
196,469
157,987
Taxes and social security
387,038
419,932
Other creditors
566,489
396,489
Loans from directors
(547,257)
(521,574)
602,739
452,834
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included in the other creditors is the sum of £547,257 - debit balance (2024: £521,574 - debit balance) due from the director, Mr W Khan. Interest is charged on this amount.
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RED LINE BUSES LTD Notes to the Accounts for the year ended 31 March 2025
9
Controlling party
Mr T W Khan is the ultimate controlling party by virtue of his shareholding in the company.
10
Average number of employees
During the year the average number of employees was 74 (2024: 64).
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