ABBEY COACHES LIMITED Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC215576

ABBEY COACHES LIMITED

Filleted Unaudited Financial Statements

28 February 2026

ABBEY COACHES LIMITED

Statement of Financial Position

28 February 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		1,703,371	1,662,863

Current assets

Debtors	6	6,800	54,675
Cash at bank and in hand		300,035	290,815
		---------	---------
		306,835	345,490

Creditors: amounts falling due within one year	7	327,064		303,134
		---------		---------
Net current (liabilities)/assets			( 20,229)	42,356
			------------	------------
Total assets less current liabilities			1,683,142	1,705,219

Creditors: amounts falling due after more than one year	8	649,677	684,644
		------------	------------
Net assets		1,033,465	1,020,575
		------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,033,365	1,020,475
	------------	------------
Shareholders funds	1,033,465	1,020,575
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

ABBEY COACHES LIMITED

Statement of Financial Position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 19 May 2026 , and are signed on behalf of the board by:

Mrs C Walker

Director

Company registration number: SC215576

ABBEY COACHES LIMITED

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is Narplan House, 63 Main Street, Rutherglen, Glasgow, G73 2JH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 22 (2025: 20 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 March 2025	292,056	116,397	3,137,255	10,533	3,556,241
Additions	–	9,647	389,800	7,050	406,497
Disposals	–	–	( 258,500)	–	( 258,500)
	---------	---------	------------	--------	------------
At 28 February 2026	292,056	126,044	3,268,555	17,583	3,704,238
	---------	---------	------------	--------	------------
Depreciation
At 1 March 2025	–	66,561	1,818,489	8,328	1,893,378
Charge for the year	–	14,871	330,763	551	346,185
Disposals	–	–	( 238,696)	–	( 238,696)
	---------	---------	------------	--------	------------
At 28 February 2026	–	81,432	1,910,556	8,879	2,000,867
	---------	---------	------------	--------	------------
Carrying amount
At 28 February 2026	292,056	44,612	1,357,999	8,704	1,703,371
	---------	---------	------------	--------	------------
At 28 February 2025	292,056	49,836	1,318,766	2,205	1,662,863
	---------	---------	------------	--------	------------

6. Debtors

	2026	2025
	£	£
Other debtors	6,800	54,675
	-------	--------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	4,468	59,644
Corporation tax	51,040	1,857
Social security and other taxes	16,724	11,708
Other creditors	254,832	229,925
	---------	---------
	327,064	303,134
	---------	---------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	10,319	14,787
Other creditors	639,358	669,857
	---------	---------
	649,677	684,644
	---------	---------