REGISTERED NUMBER: 01650503 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Chivers Coaches Limited

Page

Company Information

1

Report of the Directors

2

Chartered Accountants' Report

3

Income Statement

4

Statement of Financial Position

5

Notes to the Financial Statements

7

DIRECTORS:

M J Chivers

P Chivers

L M Lucas

S G Lucas

SECRETARY:

M J Chivers

REGISTERED OFFICE:

40 Leighton Gardens

South Croydon

Surrey

CR2 9DY

REGISTERED NUMBER:

01650503 (England and Wales)

ACCOUNTANTS:

PB Partners LLP

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

The directors present their report with the financial statements of the company for the year ended 31 October 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of coach hire.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 November 2024 to the date of this report.

M J Chivers

P Chivers

L M Lucas

S G Lucas

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

L M Lucas - Director

20 July 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Chivers Coaches Limited for the year ended 31 October 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Chivers Coaches Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Chivers Coaches Limited and state those matters that we have agreed to state to the Board of Directors of Chivers Coaches Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Chivers Coaches Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Chivers Coaches Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Chivers Coaches Limited. You consider that Chivers Coaches Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Chivers Coaches Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

PB Partners LLP

Endeavour House

78 Stafford Road

Wallington

Surrey

SM6 9AY

20 July 2026

TURNOVER

429,268

436,296

Cost of sales

253,483

247,665

GROSS PROFIT

175,785

188,631

Administrative expenses

117,019

55,390

58,766

133,241

Other operating income

1,554

150

OPERATING PROFIT

4

60,320

133,391

Interest receivable and similar income

-

154

60,320

133,545

Interest payable and similar expenses

5

27,067

18,710

PROFIT BEFORE TAXATION

33,253

114,835

Tax on profit

24,849

16,840

PROFIT FOR THE FINANCIAL YEAR

8,404

97,995

FIXED ASSETS

Tangible assets

6

481,302

482,933

481,302

482,933

CURRENT ASSETS

Debtors

7

39,768

63,299

Cash at bank and in hand

1,500

3,507

41,268

66,806

CREDITORS

Amounts falling due within one year

8

163,030

227,602

NET CURRENT LIABILITIES

(121,762

)

(160,796

)

TOTAL ASSETS LESS CURRENT LIABILITIES

359,540

322,137

CREDITORS

Amounts falling due after more than one year

9

(207,700

)

(202,550

)

PROVISIONS FOR LIABILITIES

(41,689

)

(16,840

)

NET ASSETS

110,151

102,747

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

110,051

102,647

110,151

102,747

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 20 July 2026 and were signed on its behalf by:

L M Lucas - Director

S G Lucas - Director

1.	STATUTORY INFORMATION

Chivers Coaches Limited 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.

Tangible fixed assets

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

Motor vehicles

-

25% per annum on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 4 (2024 - 4 ) .

4.	OPERATING PROFIT

The operating profit is stated after charging:

2025

2024

£

£

Depreciation - owned assets

27,631

27,235

5.

INTEREST PAYABLE AND SIMILAR EXPENSES

2025

2024

£

£

Bank loan interest

1,233

569

Hire purchase

25,834

18,141

27,067

18,710

6.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 November 2024

531,500

Additions

26,000

At 31 October 2025

557,500

DEPRECIATION

At 1 November 2024

48,567

Charge for year

27,631

At 31 October 2025

76,198

NET BOOK VALUE

At 31 October 2025

481,302

At 31 October 2024

482,933

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

33,044

30,582

Social security and other taxes

6,724

32,717

39,768

63,299

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

45,055

16,362

Hire purchase contracts

76,434

159,011

Trade creditors

13,400

17,386

Social security and other taxes

4,375

5,537

Other creditors

3,368

2,529

Directors' current accounts

18,898

21,482

Accruals and deferred income

1,500

5,295

163,030

227,602

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

2,267

9,542

Bank loans - 2-5 years

-

2,394

Hire purchase contracts

205,433

190,614

207,700

202,550

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is L M Lucas.