REGISTERED NUMBER: 08460830 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

National Coach Network Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Atkinson

Mr S M Chesters

REGISTERED OFFICE:

Unit B

6 Oldham Road

Ancoats

M4 5DB

REGISTERED NUMBER:

08460830 (England and Wales)

ACCOUNTANTS:

Thompson Wright Limited

Chartered Accountants

Ebenezer House

Ryecroft

Newcastle under Lyme

Staffordshire

ST5 2BE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,488

13,978

21,488

13,978

CURRENT ASSETS

Debtors

6

912,272

1,081,279

Cash at bank

341,182

352,359

1,253,454

1,433,638

CREDITORS

Amounts falling due within one year

7

1,192,322

1,387,968

NET CURRENT ASSETS

61,132

45,670

TOTAL ASSETS LESS CURRENT LIABILITIES

82,620

59,648

CREDITORS

Amounts falling due after more than one year

8

(20,846

)

(26,802

)

PROVISIONS FOR LIABILITIES

(11,359

)

-

NET ASSETS

50,415

32,846

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

50,314

32,745

SHAREHOLDERS' FUNDS

50,415

32,846

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

Mr M Atkinson - Director

1.	STATUTORY INFORMATION

National Coach Network Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

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

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 15 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

20,000

AMORTISATION

At 1 January 2025

and 31 December 2025

20,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2025

11,013

24,226

35,239

Additions

6,557

10,624

17,181

Disposals

-

(1,127

)

(1,127

)

At 31 December 2025

17,570

33,723

51,293

DEPRECIATION

At 1 January 2025

4,325

16,936

21,261

Charge for year

3,216

6,455

9,671

Eliminated on disposal

-

(1,127

)

(1,127

)

At 31 December 2025

7,541

22,264

29,805

NET BOOK VALUE

At 31 December 2025

10,029

11,459

21,488

At 31 December 2024

6,688

7,290

13,978

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

513,224

690,597

Amounts owed by group undertakings

311,531

333,011

Other debtors

87,517

57,671

912,272

1,081,279

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,956

5,956

Taxation and social security

27,636

99,631

Other creditors

1,158,730

1,282,381

1,192,322

1,387,968

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

20,846

26,802

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,978

9.	OTHER FINANCIAL COMMITMENTS

The company had a commitments under a non cancellable operating lease at 31 December 2025 amounting to £489,670 (2024: £600,830). This commitment represents the total amount of payments due on the lease ending in December 2029.

10.	ULTIMATE CONTROLLING PARTY

The company's immediate parent and controlling party is Vault4 Ltd, a company incorporated in England & Wales.