Company Registration No. 01917978 (England and Wales)
FLEETLINE COACHWORKS LIMITED
Unaudited accounts
for the year ended 30 April 2019
FLEETLINE COACHWORKS LIMITED
Unaudited accounts
Contents
FLEETLINE COACHWORKS LIMITED
Company Information
for the year ended 30 April 2019
Directors
NIGEL BORET
MARK BORET
JEREMY TANN
Company Number
01917978 (England and Wales)
Registered Office
LANCEFIELD HOUSE
5 COMMERCE WAY
CROYDON
CR0 4XA
United Kingdom
Accountants
JPT Finance Ltd
5 Commerce Way
Croydon
Surrey
CR0 4XA
FLEETLINE COACHWORKS LIMITED
Statement of financial position
as at 30 April 2019
Tangible assets
167,312
129,081
Inventories
110,717
122,422
Cash at bank and in hand
(49,639)
(153,816)
Creditors: amounts falling due within one year
(861,874)
(882,956)
Net current (liabilities)/assets
(31,671)
491,153
Total assets less current liabilities
825,264
620,234
Provisions for liabilities
Net assets
825,264
601,311
Called up share capital
32,598
32,598
Share premium
66,472
66,472
Profit and loss account
726,194
502,241
Shareholders' funds
825,264
601,311
For the year ending 30 April 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 18 January 2020.
JEREMY TANN
Director
Company Registration No. 01917978
FLEETLINE COACHWORKS LIMITED
Notes to the Accounts
for the year ended 30 April 2019
FLEETLINE COACHWORKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01917978. The registered office is LANCEFIELD HOUSE, 5 COMMERCE WAY, CROYDON, CR0 4XA, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
FLEETLINE COACHWORKS LIMITED
Notes to the Accounts
for the year ended 30 April 2019
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Total
Charge for the year
45,079
Allotted, called up and fully paid:
32,598 Ordinary shares of £1 each
32,598
32,598
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Capital commitments
2019
2018
Amounts contracted but not provided for in the accounts
93,787
59,887
Committed Courtesy Car Rentals Within:
12 Months £23258
24 Months £56849
Computer Equipment 36 Months £13680
The Ultimate Controlling Parties are Mr Mark Boret and Mr Robert Regester
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Average number of employees
During the year the average number of employees was 0 (2018: 25).
