IRVINGS COACH HIRE LIMITED


Directors	IRVING, Amelia Jayne
	PLUMLEY, Ian David


Registered Address	Raven Nook
	Jesmond Street
	Greystone Road
	CA1 2DE


Registered Number	01249207 (England and Wales)

Notes to the Financial Statements
for the year ended 30 April 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

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.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Land and buildings	2
	Plant and machinery	25
	Office Equipment	15

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	26		22

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 May 25	26,503	6,081	933,304	14,187	980,075
Additions	-	-	317,500	-	317,500
At 30 April 26	26,503	6,081	1,250,804	14,187	1,297,575
Depreciation and impairment
At 01 May 25	11,692	5,840	546,783	12,171	576,486
Charge for year	296	61	42,380	302	43,039
At 30 April 26	11,988	5,901	589,163	12,473	619,525
Net book value
At 30 April 26	14,515	180	661,641	1,714	678,050
At 30 April 25	14,811	241	386,521	2,016	403,589

4.	Stocks

	2026	2025
	£	£
Raw materials and consumables	796	796
Total	796	796

5.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	62,415	43,117
Other debtors	15,517	17,353
Total	77,932	60,470

6.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	42,109	63,341
Taxation and social security	2,903	2,411
Finance lease and HP contracts	148,927	85,497
Other creditors	28,080	19,530
Accrued liabilities and deferred income	42,329	3,200
Total	264,348	173,979


	Finance Lease and HP contracts are secured over the assets to which they relate.

7.	Creditors: amounts due after one year

	2026	2025
	£	£
Other creditors	200,606	91,786
Total	200,606	91,786


	Other Creditors includes Finance Lease and HP contracts of £200,606 (2025 - £91,786), which are secured over the assets to which they relate.

8.	Creditors: amounts due after 5 years
	Amounts due under Finance Lease and HP contracts repayable after more than five years amounted to £31,777 (2025 - £nil).

9.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	111,100	70,000
Total	111,100	70,000

10.	Related party transactions
	During the year a director had a loan account with the company. At the balance sheet date, the company owed the director £22,485 (2025 - £17,887). This loan is unsecured, interest free and repayable on demand. During the year another director had a loan account with the company. At the balance sheet date, the company owed the director £4,500 (2025 - Nil). This loan is unsecured, interest free and repayable on demand.

10.

Related party transactions

During the year a director had a loan account with the company. At the balance sheet date, the company owed the director £22,485 (2025 - £17,887). This loan is unsecured, interest free and repayable on demand.

During the year another director had a loan account with the company. At the balance sheet date, the company owed the director £4,500 (2025 - Nil). This loan is unsecured, interest free and repayable on demand.

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		678,050		403,589
			678,050		403,589
Current assets
Stocks	4	796		796
Debtors	5	77,932		60,470
Cash at bank and on hand		106,801		77,383
		185,529		138,649
Creditors amounts falling due within one year	6	(264,348)		(173,979)
Net current assets (liabilities)			(78,819)		(35,330)
Total assets less current liabilities			599,231		368,259
Creditors amounts falling due after one year	7		(200,606)		(91,786)
Provisions for liabilities	9		(111,100)		(70,000)
Net assets			287,525		206,473
Capital and reserves
Called up share capital			4		4
Share premium			1		1
Profit and loss account			287,520		206,468
Shareholders' funds			287,525		206,473