IRIS Accounts Production v25.4.12.37 SC235065 Board of Directors 1.9.24 31.8.25 31.8.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh SC235065 2024-08-31 SC235065 2025-08-31 SC235065 2024-09-01 2025-08-31 SC235065 2023-08-31 SC235065 2023-09-01 2024-08-31 SC235065 2024-08-31 SC235065 ns15:Scotland 2024-09-01 2025-08-31 SC235065 ns14:PoundSterling 2024-09-01 2025-08-31 SC235065 ns10:Director1 2024-09-01 2025-08-31 SC235065 ns10:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 SC235065 ns10:SmallEntities 2024-09-01 2025-08-31 SC235065 ns10:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 SC235065 ns10:SmallCompaniesRegimeForDirectorsReport 2024-09-01 2025-08-31 SC235065 ns10:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 SC235065 ns10:FullAccounts 2024-09-01 2025-08-31 SC235065 1 2024-09-01 2025-08-31 SC235065 ns10:Director3 2024-09-01 2025-08-31 SC235065 ns10:RegisteredOffice 2024-09-01 2025-08-31 SC235065 ns5:CurrentFinancialInstruments 2025-08-31 SC235065 ns5:CurrentFinancialInstruments 2024-08-31 SC235065 ns5:Non-currentFinancialInstruments 2025-08-31 SC235065 ns5:Non-currentFinancialInstruments 2024-08-31 SC235065 ns5:ShareCapital 2025-08-31 SC235065 ns5:ShareCapital 2024-08-31 SC235065 ns5:CapitalRedemptionReserve 2025-08-31 SC235065 ns5:CapitalRedemptionReserve 2024-08-31 SC235065 ns5:RetainedEarningsAccumulatedLosses 2025-08-31 SC235065 ns5:RetainedEarningsAccumulatedLosses 2024-08-31 SC235065 ns5:NetGoodwill 2024-09-01 2025-08-31 SC235065 ns5:LeaseholdImprovements 2024-09-01 2025-08-31 SC235065 ns5:PlantMachinery 2024-09-01 2025-08-31 SC235065 ns5:FurnitureFittings 2024-09-01 2025-08-31 SC235065 ns5:MotorVehicles 2024-09-01 2025-08-31 SC235065 ns5:ComputerEquipment 2024-09-01 2025-08-31 SC235065 ns5:NetGoodwill 2024-08-31 SC235065 ns5:NetGoodwill 2025-08-31 SC235065 ns5:NetGoodwill 2024-08-31 SC235065 ns5:LandBuildings 2024-08-31 SC235065 ns5:LeaseholdImprovements 2024-08-31 SC235065 ns5:PlantMachinery 2024-08-31 SC235065 ns5:LandBuildings 2024-09-01 2025-08-31 SC235065 ns5:LandBuildings 2025-08-31 SC235065 ns5:LeaseholdImprovements 2025-08-31 SC235065 ns5:PlantMachinery 2025-08-31 SC235065 ns5:LandBuildings 2024-08-31 SC235065 ns5:LeaseholdImprovements 2024-08-31 SC235065 ns5:PlantMachinery 2024-08-31 SC235065 ns5:FurnitureFittings 2024-08-31 SC235065 ns5:MotorVehicles 2024-08-31 SC235065 ns5:ComputerEquipment 2024-08-31 SC235065 ns5:FurnitureFittings 2025-08-31 SC235065 ns5:MotorVehicles 2025-08-31 SC235065 ns5:ComputerEquipment 2025-08-31 SC235065 ns5:FurnitureFittings 2024-08-31 SC235065 ns5:MotorVehicles 2024-08-31 SC235065 ns5:ComputerEquipment 2024-08-31 SC235065 ns5:LeasedAssetsHeldAsLessee ns5:FurnitureFittings 2024-08-31 SC235065 ns5:LeasedAssetsHeldAsLessee ns5:FurnitureFittings 2025-08-31 SC235065 ns5:LeasedAssetsHeldAsLessee ns5:FurnitureFittings 2024-09-01 2025-08-31 SC235065 ns5:LeasedAssetsHeldAsLessee ns5:FurnitureFittings 2024-08-31 SC235065 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-08-31 SC235065 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-08-31

REGISTERED NUMBER: SC235065 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Watermill Coaches Limited

| Watermill Coaches Limited (Registered number: SC235065) |

Contents of the Financial Statements

for the Year Ended 31 August 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Watermill Coaches Limited |

Company Information

for the Year Ended 31 August 2025

| DIRECTORS: | Mr A J Clark

| Mr R A Clark

| REGISTERED OFFICE: | 74 College Bounds

| Fraserburgh

| Aberdeenshire

| AB43 9QS

| REGISTERED NUMBER: | SC235065 (Scotland)

| ACCOUNTANTS: | SBP

| Accountants

| 27 Finlayson Street

| Fraserburgh

| Aberdeenshire

| AB43 9JQ

| Watermill Coaches Limited (Registered number: SC235065) |

Balance Sheet

31 August 2025

| 31.8.25 | 31.8.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 26,700 |  | 53,400 |  |

Tangible assets | 5 | 4,229,072 |  | 4,265,717 |  |

4,255,772 |  | 4,319,117 |  |

CURRENT ASSETS

Stocks | 25,000 |  | 25,000 |  |

Debtors | 6 | 237,693 |  | 365,883 |  |

Cash at bank | 1,445,385 |  | 789,082 |  |

1,708,078 |  | 1,179,965 |  |

CREDITORS

Amounts falling due within one year | 7 | 641,712 |  | 638,050 |  |

NET CURRENT ASSETS | 1,066,366 |  | 541,915 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,322,138 |  | 4,861,032 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (11,111 | ) | (118,333 | ) |

PROVISIONS FOR LIABILITIES | (641,181 | ) | (676,125 | ) |

NET ASSETS | 4,669,846 |  | 4,066,574 |  |

CAPITAL AND RESERVES

Called up share capital | 50,000 |  | 50,000 |  |

Capital redemption reserve | 50,000 |  | 50,000 |  |

Retained earnings | 4,569,846 |  | 3,966,574 |  |

SHAREHOLDERS' FUNDS | 4,669,846 |  | 4,066,574 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

| Watermill Coaches Limited (Registered number: SC235065) |

Balance Sheet - continued

31 August 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 February 2026 and were signed on its behalf by:

Mr A J Clark - Director

| Watermill Coaches Limited (Registered number: SC235065) |

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. | STATUTORY INFORMATION

| Watermill Coaches Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. | ACCOUNTING POLICIES

| Basis of preparing the financial statements

| These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

| Goodwill

| Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Improvements to freehold property | - | 4% on cost

| Equipment | - | 25% on reducing balance

| Coaches | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Wedding cars & vintage coaches | - | not provided

| Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period. The directors are of the view that the residual value of the 'Freehold property' and 'Vintage coaches' will not be less than the present carrying value of original cost and on this basis no depreciation is applied.

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Watermill Coaches Limited (Registered number: SC235065) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 91 (2024 - 88 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 September 2024

| and 31 August 2025 | 267,000 |  |

| AMORTISATION

| At 1 September 2024 | 213,600 |  |

| Amortisation for year | 26,700 |  |

| At 31 August 2025 | 240,300 |  |

| NET BOOK VALUE

| At 31 August 2025 | 26,700 |  |

| At 31 August 2024 | 53,400 |  |

| Watermill Coaches Limited (Registered number: SC235065) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

5. | TANGIBLE FIXED ASSETS

| Improvements |

| to |

| Freehold |  | freehold |

| property |  | property |  | Equipment

£ | £ | £ |

| COST

| At 1 September 2024 | 1,295,062 |  | 38,660 |  | 115,744 |  |

| Additions | 137,278 |  | - |  | 1,027 |  |

| Disposals | - |  | - |  | - |  |

| At 31 August 2025 | 1,432,340 |  | 38,660 |  | 116,771 |  |

| DEPRECIATION

| At 1 September 2024 | - |  | 13,237 |  | 71,029 |  |

| Charge for year | - |  | 1,546 |  | 11,436 |  |

| Eliminated on disposal | - |  | - |  | - |  |

| At 31 August 2025 | - |  | 14,783 |  | 82,465 |  |

| NET BOOK VALUE

| At 31 August 2025 | 1,432,340 |  | 23,877 |  | 34,306 |  |

| At 31 August 2024 | 1,295,062 |  | 25,423 |  | 44,715 |  |

| Wedding |

| cars & |

| Motor |  | vintage |

| Coaches |  | vehicles |  | coaches |  | Totals

£ | £ | £ | £ |

| COST

| At 1 September 2024 | 6,806,107 |  | 270,206 |  | - |  | 8,525,779 |  |

| Additions | 740,500 |  | 52,175 |  | 14,000 |  | 944,980 |  |

| Disposals | (315,400 | ) | (30,000 | ) | - |  | (345,400 | ) |

| At 31 August 2025 | 7,231,207 |  | 292,381 |  | 14,000 |  | 9,125,359 |  |

| DEPRECIATION

| At 1 September 2024 | 4,069,415 |  | 106,381 |  | - |  | 4,260,062 |  |

| Charge for year | 857,526 |  | 50,657 |  | - |  | 921,165 |  |

| Eliminated on disposal | (268,313 | ) | (16,627 | ) | - |  | (284,940 | ) |

| At 31 August 2025 | 4,658,628 |  | 140,411 |  | - |  | 4,896,287 |  |

| NET BOOK VALUE

| At 31 August 2025 | 2,572,579 |  | 151,970 |  | 14,000 |  | 4,229,072 |  |

| At 31 August 2024 | 2,736,692 |  | 163,825 |  | - |  | 4,265,717 |  |

| Watermill Coaches Limited (Registered number: SC235065) |

Notes to the Financial Statements - continued

for the Year Ended 31 August 2025

5. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Coaches

£ |

| COST

| At 1 September 2024 | 1,344,500 |  |

| Transfer to ownership | (477,000 | ) |

| At 31 August 2025 | 867,500 |  |

| DEPRECIATION

| At 1 September 2024 | 448,084 |  |

| Charge for year | 159,126 |  |

| Transfer to ownership | (217,089 | ) |

| At 31 August 2025 | 390,121 |  |

| NET BOOK VALUE

| At 31 August 2025 | 477,379 |  |

| At 31 August 2024 | 896,416 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Trade debtors | 87,515 |  | 122,118 |  |

| Other debtors | - |  | 20,000 |  |

| VAT | 15,973 |  | 98,308 |  |

| Prepayments | 134,205 |  | 125,457 |  |

237,693 |  | 365,883 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Hire purchase contracts | 107,222 |  | 187,222 |  |

| Trade creditors | 189,955 |  | 192,802 |  |

| Tax | 326,162 |  | 230,467 |  |

| Other creditors | 10,338 |  | 19,462 |  |

| Deferred income | 3,522 |  | 3,522 |  |

| Accrued expenses | 4,513 |  | 4,575 |  |

641,712 |  | 638,050 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.8.25 |  | 31.8.24

£ | £ |

| Hire purchase contracts | 11,111 |  | 118,333 |  |

9. | ULTIMATE CONTROLLING PARTY

| The controlling party is Mr A J Clark.