Registration number: 15449810

Easybus Carmarthenshire Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Easybus Carmarthenshire Ltd

Company Information

Directors

Mr Paul Smith Mr Martin Lee Smith

Registered office

166 Garden Suburbs Trimsaran Kidwelly SA17 4AF

Accountants

Wynne & Co Chartered Accountants Forestry House Brewery Road Carmarthen Carmarthenshire SA31 1TF

Easybus Carmarthenshire Ltd

(Registration number: 15449810)
Balance Sheet as at 31 January 2026

	Note	31 January 2026 £	31 January 2025 £
Fixed assets
Tangible assets	4	23,376	18,439
Current assets
Debtors	5	7,146	8,972
Cash at bank and in hand		21,867	22,343
		29,013	31,315
Creditors: Amounts falling due within one year	6	(13,283)	(15,132)
Net current assets		15,730	16,183
Net assets		39,106	34,622
Capital and reserves
Called up share capital	7	2	2
Retained earnings		39,104	34,620
Shareholders' funds		39,106	34,622

For the financial year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 24 June 2026 and signed on its behalf by:
 

Easybus Carmarthenshire Ltd

(Registration number: 15449810)
Balance Sheet as at 31 January 2026

......................................... Mr Paul Smith Director

......................................... Mr Martin Lee Smith Director

Easybus Carmarthenshire Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
166 Garden Suburbs
Trimsaran
Kidwelly
SA17 4AF
Wales

These financial statements were authorised for issue by the Board on 24 June 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Easybus Carmarthenshire Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Easybus Carmarthenshire Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2025 - 4).

Easybus Carmarthenshire Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2025	-	22,062	22,062
Additions	336	13,500	13,836
At 31 January 2026	336	35,562	35,898
Depreciation
At 1 February 2025	-	3,623	3,623
Charge for the year	9	8,890	8,899
At 31 January 2026	9	12,513	12,522
Carrying amount
At 31 January 2026	327	23,049	23,376
At 31 January 2025	-	18,439	18,439

5

Debtors

Current	31 January 2026 £	31 January 2025 £
Trade debtors	3,740	1,575
Prepayments	397	2,686
Other debtors	3,009	4,711
	7,146	8,972

Easybus Carmarthenshire Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

6

Creditors

Creditors: amounts falling due within one year

	31 January 2026 £	31 January 2025 £
Due within one year
Trade creditors	1,978	432
Taxation and social security	2,250	200
Accruals and deferred income	1,100	1,405
Other creditors	7,955	13,095
	13,283	15,132

7	Share capital

Allotted, called up and fully paid shares

	31 January 2026		31 January 2025
	No.	£	No.	£
Ordinary Shares of £1 each	2	2	2	2

8

Dividends

Interim dividends paid

		31 January 2026 £		31 January 2025 £
Interim dividend of £16,000.00 (2025 - £26,000.00) per each Ordinary Shares		16,000		26,000

9	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

Easybus Carmarthenshire Ltd

Notes to the Unaudited Financial Statements
for the Year Ended 31 January 2026

	2026 £	2025 £
Remuneration	10,475	-