Claribel Coaches Limited - Accounts to registrar (filleted) - small 18.2
Claribel Coaches Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| CLARIBEL COACHES LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 OCTOBER 2021 |
| CLARIBEL COACHES LIMITED (REGISTERED NUMBER: 01310977) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| For The Year Ended 31 OCTOBER 2021 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| CLARIBEL COACHES LIMITED |
| COMPANY INFORMATION |
| For The Year Ended 31 OCTOBER 2021 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| and Statutory Auditors |
| 8 Church Green East |
| Redditch |
| Worcestershire |
| B98 8BP |
| CLARIBEL COACHES LIMITED (REGISTERED NUMBER: 01310977) |
| BALANCE SHEET |
| 31 OCTOBER 2021 |
| 31.10.21 | 31.10.20 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| CLARIBEL COACHES LIMITED (REGISTERED NUMBER: 01310977) |
| BALANCE SHEET - continued |
| 31 OCTOBER 2021 |
| 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 |
| CLARIBEL COACHES LIMITED (REGISTERED NUMBER: 01310977) |
| NOTES TO THE FINANCIAL STATEMENTS |
| For The Year Ended 31 OCTOBER 2021 |
| 1. | STATUTORY INFORMATION |
| Claribel Coaches Limited is a |
| 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. |
| Uncertainty due to the recent Covid-19 outbreak has been considered as part of the Company's adoption of the going concern basis. |
| The uncertainties arising from Covid-19 continue to be under review and the directors believe that the business has the ability to remain trading for a period of at least 12 months from the date of these financial statements. Therefore the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they have adopted the going concern basis in preparing these financial statements. |
| 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 |
| Plant and machinery | - |
| Motor vehicles | - |
| Computer equipment | - |
| 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 year 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 year 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. |
| CLARIBEL COACHES LIMITED (REGISTERED NUMBER: 01310977) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 OCTOBER 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| 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 year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and | Motor | Computer |
| prop | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 November 2020 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| Revaluations |
| At 31 October 2021 |
| DEPRECIATION |
| At 1 November 2020 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 31 October 2021 |
| NET BOOK VALUE |
| At 31 October 2021 |
| At 31 October 2020 |
| Cost or valuation at 31 October 2021 is represented by: |
| Freehold | Plant and | Motor | Computer |
| prop | machinery | vehicles | equipment | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 2021 | 340,000 | 45,575 | 2,270,207 | 3,470 | 2,659,252 |
| CLARIBEL COACHES LIMITED (REGISTERED NUMBER: 01310977) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 OCTOBER 2021 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| If freehold property had not been revalued it would have been included at the following historical cost: |
| 31.10.21 | 31.10.20 |
| £ | £ |
| Cost | 113,104 | 113,104 |
| Freehold property was valued on an open market basis on 5 July 2021 by Salloway . |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST OR VALUATION |
| At 1 November 2020 |
| Transfer to ownership | (227,400 | ) |
| At 31 October 2021 |
| DEPRECIATION |
| At 1 November 2020 |
| Transfer to ownership | (189,500 | ) |
| At 31 October 2021 |
| NET BOOK VALUE |
| At 31 October 2021 |
| At 31 October 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.21 | 31.10.20 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.10.21 | 31.10.20 |
| £ | £ |
| Hire purchase contracts (see note 7) |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| CLARIBEL COACHES LIMITED (REGISTERED NUMBER: 01310977) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| For The Year Ended 31 OCTOBER 2021 |
| 7. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 31.10.21 | 31.10.20 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Non-cancellable | operating leases |
| 31.10.21 | 31.10.20 |
| £ | £ |
| Within one year |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.10.21 | 31.10.20 |
| £ | £ |
| Hire purchase contracts | - | 2,667 |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 November 2020 |
| Freehold property | 15,000 |
| At 31 October 2021 |