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Company Registration No. 08374191 (England and Wales)
RED EAGLE BUSES LIMITED Unaudited accounts for the year ended 31 January 2025
RED EAGLE BUSES LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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RED EAGLE BUSES LIMITED Company Information for the year ended 31 January 2025
Director
Sardar Ali KHAN
Company Number
08374191 (England and Wales)
Registered Office
Oxford Road Haddenham Aylesbury Buckinghamshire HP17 8TT England
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RED EAGLE BUSES LIMITED Statement of financial position as at 31 January 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
5
291,701
239,321
Current assets
Debtors
6
2,911,327
2,107,339
Cash at bank and in hand
1,069,233
229,102
3,980,560
2,336,441
Creditors: amounts falling due within one year
7
(2,474,421)
(1,603,268)
Net current assets
1,506,139
733,173
Net assets
1,797,840
972,494
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
1,797,740
972,394
Shareholders' funds
1,797,840
972,494
For the year ending 31 January 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 director acknowledges his 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 and authorised for issue on 14 January 2026 and were signed on its behalf by
Sardar Ali KHAN Director Company Registration No. 08374191
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RED EAGLE BUSES LIMITED Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
RED EAGLE BUSES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08374191. The registered office is Oxford Road, Haddenham, Aylesbury, Buckinghamshire, HP17 8TT, 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
20% on cost
Computer equipment
33% on cost
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four years.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2024
10,000
At 31 January 2025
10,000
Amortisation
At 1 February 2024
10,000
At 31 January 2025
10,000
Net book value
At 31 January 2025
-
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RED EAGLE BUSES LIMITED Notes to the Accounts for the year ended 31 January 2025
5
Tangible fixed assets
Plant & machinery
£
Cost or valuation
At cost
At 1 February 2024
1,422,350
Additions
152,500
At 31 January 2025
1,574,850
Depreciation
At 1 February 2024
1,183,029
Charge for the year
100,120
At 31 January 2025
1,283,149
Net book value
At 31 January 2025
291,701
At 31 January 2024
239,321
6
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
76,447
66,829
Other debtors
1,264,510
254,500
1,340,957
321,329
Amounts falling due after more than one year
Amounts due from group undertakings etc.
1,570,370
1,786,010
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
268,853
129,051
Other creditors
887,805
500,018
Loans from directors
508,968
521,199
Accruals
558,795
203,000
Deferred income
250,000
250,000
2,474,421
1,603,268
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
Included in other creditors is the amount of £558,795 (2024: £521,199) due to the director, Mr S A Khan.
10
Controlling party
Mr S A Khan and Mrs S M Khan are the ultimate controlling party by virtue of their shareholding in the company.
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RED EAGLE BUSES LIMITED Notes to the Accounts for the year ended 31 January 2025
11
Average number of employees
During the year the average number of employees was 48 (2024: 48).
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