John Martin Coaches Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04379404

John Martin Coaches Ltd

Filleted Unaudited Financial Statements

30 September 2025

John Martin Coaches Ltd

Financial Statements

Year ended 30th September 2025

Contents	Page

Officers and professional advisers	1

Statement of financial position	2

Notes to the financial statements	4

John Martin Coaches Ltd

Officers and Professional Advisers

The board of directors	Mr M Rawlings
	Mr J Tamblyn
	Mrs L Tamblyn
	Mrs J Rawlings

Company secretary	Mrs Judy Rawlings

Registered office	Radstock Road
	Midsomer Norton
	Radstock
	Somerset
	United Kingdom
	BA3 2AA

Accountants	Chalmers HB Ltd
	Chartered Accountants
	20 Chamberlain Street
	Wells
	Somerset BA5 2PF

John Martin Coaches Ltd

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		131,631	163,362

Current assets

Debtors	7	15,315	18,818
Cash at bank and in hand		9,792	24,930
		--------	--------
		25,107	43,748

Creditors: amounts falling due within one year	8	207,754		98,464
		---------		--------
Net current liabilities			182,647	54,716
			---------	---------
Total assets less current liabilities			( 51,016)	108,646

Creditors: amounts falling due after more than one year	9		7,733	166,928

Provisions

Taxation including deferred tax	( 1,232)	( 810)
	--------	---------
Net liabilities	( 57,517)	( 57,472)
	--------	---------

Capital and reserves

Called up share capital	600	600
Profit and loss account	( 58,117)	( 58,072)
	--------	--------
Shareholders deficit	( 57,517)	( 57,472)
	--------	--------

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 30th September 2025 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 .

John Martin Coaches Ltd

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 22 June 2026 , and are signed on behalf of the board by:

Mr M Rawlings	Mr J Tamblyn
Director	Director

Company registration number: 04379404

John Martin Coaches Ltd

Notes to the Financial Statements

Year ended 30th September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Radstock Road, Midsomer Norton, Radstock, Somerset, BA3 2AA, United Kingdom.

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.

Going concern

At the time of approving the financial statements, the directors consider they have a reasonable expectation that the company has adequate cash resources to continue in existence for the foreseeable future now that they are rapidly recovering from the impact of COVID-19 by carrying more passengers leading to a positive cash flow even taking into account the regular repayments that need to be made on the coronavirus emergency loan funding which the company had to rely upon during COVID-19 and the travel restrictions that were imposed on the industry by the Government. The directors have confirmed their continuing financial support to the company for the foreseeable future to enable it to meet any financial obligations of the business as they fall due.

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Goodwill

Positive goodwill of £15,000 was purchased on 1st April 2002. At that time the goodwill was calculated to have an estimated useful life of 20 years based on the average return business from the customers transferred across at that date. The directors feel that this estimate is still appropriate. Goodwill is reviewed for impairment when necessary if circumstances emerge that indicate that the carrying value may not be recoverable.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	On a straight line basis over 20 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Coaches	-	12% straight line

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Intangible assets

	Goodwill
	£
Cost
At 1st October 2024 and 30th September 2025	15,000
	--------
Amortisation
At 1st October 2024 and 30th September 2025	15,000
	--------
Carrying amount
At 30th September 2025	–
	--------
At 30th September 2024	–
	--------

6. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Coaches	Total
	£	£	£	£	£
Cost
At 1st October 2024	11,824	12,057	12,917	448,335	485,133
Additions	–	1,295	–	–	1,295
	--------	--------	--------	---------	---------
At 30th September 2025	11,824	13,352	12,917	448,335	486,428
	--------	--------	--------	---------	---------
Depreciation
At 1st October 2024	11,609	9,880	12,472	287,810	321,771
Charge for the year	53	570	111	32,292	33,026
	--------	--------	--------	---------	---------
At 30th September 2025	11,662	10,450	12,583	320,102	354,797
	--------	--------	--------	---------	---------
Carrying amount
At 30th September 2025	162	2,902	334	128,233	131,631
	--------	--------	--------	---------	---------
At 30th September 2024	215	2,177	445	160,525	163,362
	--------	--------	--------	---------	---------

7. Debtors

	2025	2024
	£	£
Other debtors	15,315	18,818
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	23,200	23,200
Trade creditors	3,330	9,105
Corporation tax	411	277
Social security and other taxes	4,688	2,659
Other creditors	176,125	63,223
	---------	--------
	207,754	98,464
	---------	--------

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

	2025	2024
	£	£
Bank loans and overdrafts	7,733	30,933
Other creditors	–	135,995
	-------	---------
	7,733	166,928
	-------	---------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	( 1,232)	( 810)
	-------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	( 810)	( 4,402)
Other revaluations	( 422)	3,592
	-------	-------
	(1,232)	(810)
	-------	-------