REGISTERED NUMBER: SC209659 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

Simpsons Coaches Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R T Simpson

Mrs P A Simpson

REGISTERED OFFICE:

27 Finlayson street

Fraserburgh

Aberdeenshire

AB43 9JQ

REGISTERED NUMBER:

SC209659 (Scotland)

ACCOUNTANTS:

SBP

Accountants

27 Finlayson Street

Fraserburgh

Aberdeenshire

AB43 9JQ

FIXED ASSETS

Tangible assets

4

1,628,510

1,718,708

CURRENT ASSETS

Stocks

20,000

25,000

Debtors

5

181,765

183,859

Cash at bank and in hand

969,215

792,730

1,170,980

1,001,589

CREDITORS

Amounts falling due within one year

6

438,247

508,811

NET CURRENT ASSETS

732,733

492,778

TOTAL ASSETS LESS CURRENT LIABILITIES

2,361,243

2,211,486

CREDITORS

Amounts falling due after more than one year

7

-

(22,500

)

PROVISIONS FOR LIABILITIES

(382,105

)

(416,801

)

NET ASSETS

1,979,138

1,772,185

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,979,136

1,772,183

SHAREHOLDERS' FUNDS

1,979,138

1,772,185

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 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 July 2026 and were signed on its behalf by:

Mr R T Simpson - Director

1.	STATUTORY INFORMATION

Simpsons 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.

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.

Freehold property

-

2% on cost

Plant and machinery

-

20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles & coaches

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are included at cost less depreciation and impairment. The residual value is reassessed at the end of each accounting period.

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.

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.

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 14 (2025 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 February 2025

101,045

32,332

2,977

Additions

-

38,562

490

Disposals

-

-

-

At 31 January 2026

101,045

70,894

3,467

DEPRECIATION

At 1 February 2025

10,105

7,522

1,495

Charge for year

2,020

12,674

493

Eliminated on disposal

-

-

-

At 31 January 2026

12,125

20,196

1,988

NET BOOK VALUE

At 31 January 2026

88,920

50,698

1,479

At 31 January 2025

90,940

24,810

1,482

Motor

vehicles

Computer

& coaches

equipment

Totals

£

£

£

COST

At 1 February 2025

2,645,085

7,253

2,788,692

Additions

769,330

719

809,101

Disposals

(564,345

)

-

(564,345

)

At 31 January 2026

2,850,070

7,972

3,033,448

DEPRECIATION

At 1 February 2025

1,044,556

6,306

1,069,984

Charge for year

495,485

704

511,376

Eliminated on disposal

(176,422

)

-

(176,422

)

At 31 January 2026

1,363,619

7,010

1,404,938

NET BOOK VALUE

At 31 January 2026

1,486,451

962

1,628,510

At 31 January 2025

1,600,529

947

1,718,708

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

Plant and

machinery

etc

£

COST

At 1 February 2025

433,615

Transfer to ownership

(230,000

)

At 31 January 2026

203,615

DEPRECIATION

At 1 February 2025

264,242

Charge for year

20,578

Transfer to ownership

(142,938

)

At 31 January 2026

141,882

NET BOOK VALUE

At 31 January 2026

61,733

At 31 January 2025

169,373

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Trade debtors

133,296

134,771

VAT

46,588

40,908

Prepayments

1,881

8,180

181,765

183,859

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans and overdrafts

4,167

9,999

Hire purchase contracts

18,333

40,000

Tax

107,003

121,222

Social security and other taxes

11,672

10,439

Other creditors

115,027

128,251

Directors' current accounts

162,181

173,741

Accruals and deferred income

9,350

11,955

Accrued expenses

10,514

13,204

438,247

508,811

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.26

31.1.25

£

£

Bank loans - 1-2 years

-

4,167

Hire purchase contracts

-

18,333

-

22,500

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by Mr R.Simpson and Mrs P.Simpson.