REGISTERED NUMBER: 06154562 (England and Wales)

Unaudited Financial Statements

for the Period 1 May 2024 to 31 March 2025

for

G.H. Watts Coaches Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Keeber

R J Keeber

D J Keeber

SECRETARY:

Mrs M A Keeber

REGISTERED OFFICE:

The Coach Station

Foxholes Road

Leicester

LE3 1TH

REGISTERED NUMBER:

06154562 (England and Wales)

ACCOUNTANTS:

Geoff Cowley & Co Ltd

Willow Park

Upton Lane

Stoke Golding

Nuneaton

Warwickshire

CV13 6EU

FIXED ASSETS

Tangible assets

4

1,095,568

1,075,050

CURRENT ASSETS

Stocks

3,000

2,800

Debtors

5

267,206

402,330

Cash at bank and in hand

282,977

399,620

553,183

804,750

CREDITORS

Amounts falling due within one year

6

331,346

508,351

NET CURRENT ASSETS

221,837

296,399

TOTAL ASSETS LESS CURRENT LIABILITIES

1,317,405

1,371,449

CREDITORS

Amounts falling due after more than one year

7

(72,417

)

(139,542

)

PROVISIONS FOR LIABILITIES

(208,158

)

(228,341

)

NET ASSETS

1,036,830

1,003,566

CAPITAL AND RESERVES

Called up share capital

100

2

Retained earnings

1,036,730

1,003,564

SHAREHOLDERS' FUNDS

1,036,830

1,003,566

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

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 October 2025 and were signed on its behalf by:

J W Keeber - Director

1.	STATUTORY INFORMATION

G.H. Watts 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.

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 each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 period was 10 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2024

2,359,251

Additions

387,000

Disposals

(245,000

)

At 31 March 2025

2,501,251

DEPRECIATION

At 1 May 2024

1,284,201

Charge for period

189,470

Eliminated on disposal

(67,988

)

At 31 March 2025

1,405,683

NET BOOK VALUE

At 31 March 2025

1,095,568

At 30 April 2024

1,075,050

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.4.24

£

£

Trade debtors

22,359

84,207

Amounts owed by associates

161,642

233,692

Other debtors

83,205

84,431

267,206

402,330

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

30.4.24

£

£

Bank loans and overdrafts

12,211

21,570

Hire purchase contracts

133,000

80,500

Trade creditors

141,994

335,917

Taxation and social security

9,865

28,366

Other creditors

34,276

41,998

331,346

508,351

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

30.4.24

£

£

Hire purchase contracts

72,417

139,542