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Company Registration No. 03391364 (England and Wales)
Empress Coaches Limited Unaudited accounts for the year ended 31 December 2025
Empress Coaches Limited Unaudited accounts Contents
Page
Statement of financial position
3
Notes to the accounts
4
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Empress Coaches Limited Statement of financial position as at 31 December 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
110,951
104,943
Current assets
Inventories
750
750
Debtors
5
32,131
23,354
Cash at bank and in hand
35,888
85,572
68,769
109,676
Creditors: amounts falling due within one year
6
(25,106)
(41,653)
Net current assets
43,663
68,023
Total assets less current liabilities
154,614
172,966
Provisions for liabilities
Deferred tax
(27,738)
(26,236)
Net assets
126,876
146,730
Capital and reserves
Called up share capital
60,000
60,000
Profit and loss account
66,876
86,730
Shareholders' funds
126,876
146,730
For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 July 2026 and were signed on its behalf by
Stephen Mark Dine Director Company Registration No. 03391364
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Empress Coaches Limited Notes to the Accounts for the year ended 31 December 2025
1
Statutory information
Empress Coaches Limited is a private company, limited by shares, registered in England and Wales, registration number 03391364. The registered office is 10-11 St Margarets Road, , St Leonards-On-Sea, TN37 6EH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reports. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. (a) Critical accounting estimates and assumptions The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below. (i) Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and physical condition of the assets. See tangible assets note for the carrying amount of the assets and the accounting policy for the useful economic lives for each class of assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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Empress Coaches Limited Notes to the Accounts for the year ended 31 December 2025
Tangible fixed assets and depreciation
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 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 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. A review for indicators of impairment is carried out at each reporting date, with 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 purpose 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 group of assets. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Empress Coaches Limited Notes to the Accounts for the year ended 31 December 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 January 2025
237,729
13,188
250,917
Additions
53,299
313
53,612
Disposals
(25,000)
-
(25,000)
At 31 December 2025
266,028
13,501
279,529
Depreciation
At 1 January 2025
138,521
7,453
145,974
Charge for the year
35,270
908
36,178
On disposals
(13,574)
-
(13,574)
At 31 December 2025
160,217
8,361
168,578
Net book value
At 31 December 2025
105,811
5,140
110,951
At 31 December 2024
99,208
5,735
104,943
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
28,243
20,840
Other debtors
3,888
2,514
32,131
23,354
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
1,002
16,304
Other creditors
348
1,815
Accruals
23,756
23,534
25,106
41,653
7
Transactions with related parties
Transactions with directors are under normal market conditions and/or not material.
8
Average number of employees
During the year the average number of employees was 7 (2024: 7).
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