York Pullman Bus Company Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 06047813 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 November 2013 to 31 December 2014

for

York Pullman Bus Company Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

T G James

SECRETARY:

M P James

REGISTERED OFFICE:

2 Clifton Moor Business Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

REGISTERED NUMBER:

06047813 (England and Wales)

ACCOUNTANTS:

Beckingtons

2 Clifton Moor Business

Village

James Nicolson Link

York

North Yorkshire

YO30 4XG

FIXED ASSETS

Tangible assets

2

1,795,863

1,341,996

CURRENT ASSETS

Stocks

30,000

40,000

Debtors

607,454

804,413

Cash at bank and in hand

126,636

681,905

764,090

1,526,318

CREDITORS

Amounts falling due within one year

996,413

1,311,345

NET CURRENT (LIABILITIES)/ASSETS

(232,323

)

214,973

TOTAL ASSETS LESS CURRENT LIABILITIES

1,563,540

1,556,969

CREDITORS

Amounts falling due after more than one year

(301,648

)

(654,388

)

PROVISIONS FOR LIABILITIES

(147,011

)

(100,552

)

NET ASSETS

1,114,881

802,029

CAPITAL AND RESERVES

Called up share capital

3

1

1

Profit and loss account

1,114,880

802,028

SHAREHOLDERS' FUNDS

1,114,881

802,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 30 March 2015 and were signed by:

T G James - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Stocks

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

moving items.

Deferred tax

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

sheet date.

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 the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account 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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

2,917,518

Additions

1,418,635

Disposals

(720,350

)

At 31 December 2014

3,615,803

DEPRECIATION

At 1 November 2013

1,575,522

Charge for period

649,718

Eliminated on disposal

(405,300

)

At 31 December 2014

1,819,940

NET BOOK VALUE

At 31 December 2014

1,795,863

At 31 October 2013

1,341,996

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.14

31.10.13

value:

£

£

1

Ordinary

1

1

1

4.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of York Pullman Holdings Limited.

The Director considers the company's ultimate holding company to be York Pullman Holdings Limited.