Mikro Coaches Limited - Filleted accounts

Registered number

08628977

Mikro Coaches Limited

Filleted Accounts

31 July 2026

Mikro Coaches Limited
Registered number:		08628977
Balance Sheet
as at 31 July 2026

Notes			2026			2025
£				£
Fixed assets
Intangible assets	3		-			40,000
Tangible assets	4		134,684			179,669
			134,684			219,669

Current assets
Stocks		15,000			15,000
Debtors	5	296,397			240,308
Cash at bank and in hand		88,479			117,588
		399,876			372,896

Creditors: amounts falling due within one year	6	(113,794)			(97,498)

Net current assets			286,082			275,398

Total assets less current liabilities			420,766			495,067

Creditors: amounts falling due after more than one year	7		(52,867)			(94,435)

Provisions for liabilities			(33,671)			(44,917)


Net assets			334,228			355,715

Capital and reserves
Called up share capital			100			100
Profit and loss account			334,128			355,615

Shareholders' funds			334,228			355,715

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Deborah Weekes
Director
Approved by the board on 20 October 2026

Mikro Coaches Limited
Notes to the Accounts
for the year ended 31 July 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	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 from 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	10% reducing balance
	Motor vehicles	over 5 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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.

	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.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			23		22


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 August 2025					200,000
	At 31 July 2026					200,000

	Amortisation
	At 1 August 2025					160,000
	Provided during the year					40,000
	At 31 July 2026					200,000

	Net book value
	At 31 July 2026					-
	At 31 July 2025					40,000

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 August 2025	104,705		315,531		420,236
	Additions	42,000		20,850		62,850
	Disposals	(56,435)		(71,276)		(127,711)
	At 31 July 2026	90,270		265,105		355,375

	Depreciation
	At 1 August 2025	41,842		198,725		240,567
	Charge for the year	7,154		43,878		51,032
	On disposals	(23,110)		(47,798)		(70,908)
	At 31 July 2026	25,886		194,805		220,691

	Net book value
	At 31 July 2026	64,384		70,300		134,684
	At 31 July 2025	62,863		116,806		179,669


5	Debtors			2026		2025
£					£

	Trade debtors			86,532		60,131
	Other debtors			209,865		180,177
				296,397		240,308

	Amounts due after more than one year included above			172,086		172,086


6	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			45,675		44,796
	Trade creditors			2,238		673
	Taxation and social security costs			46,572		48,558
	Other creditors			19,309		3,471
				113,794		97,498


7	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			38,063		-
	Other creditors			14,804		94,435
				52,867		94,435


8	Other information

	Mikro Coaches Limited is a private company limited by shares and incorporated in England. Its registered office is:
	91 Hospital Street
	Nantwich
	Cheshire
	CW5 5RU