Hammonds Coaches Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05426458 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2021

for

Hammonds Coaches Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N D Hammond

REGISTERED OFFICE:

141 Glaisdale Drive

Nottingham

NG8 4GY

REGISTERED NUMBER:

05426458 (England and Wales)

ACCOUNTANTS:

S J Anderson BA ACA

Tower House

Findern

Derbyshire

DE65 6AP

FIXED ASSETS

Tangible assets

4

800,961

900,939

CURRENT ASSETS

Debtors

5

99,695

48,919

Prepayments and accrued income

16,340

30,927

Cash at bank and in hand

19,776

10,528

135,811

90,374

CREDITORS

Amounts falling due within one year

6

495,296

404,310

NET CURRENT LIABILITIES

(359,485

)

(313,936

)

TOTAL ASSETS LESS CURRENT LIABILITIES

441,476

587,003

CREDITORS

Amounts falling due after more than one year

7

(501,149

)

(574,158

)

PROVISIONS FOR LIABILITIES

(7,350

)

(5,720

)

NET (LIABILITIES)/ASSETS

(67,023

)

7,125

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(67,024

)

7,124

SHAREHOLDERS' FUNDS

(67,023

)

7,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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 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 director and authorised for issue on 10 May 2022 and were signed by:

N D Hammond - Director

1.	STATUTORY INFORMATION

Hammonds 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor Vehicles - Coaches - 17.5% on reducing balance

Other Tangible Assets - 25% on cost

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 10 (2020 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2020

1,214,615

Additions

141,586

Disposals

(98,000

)

At 31 August 2021

1,258,201

DEPRECIATION

At 1 September 2020

313,676

Charge for year

172,464

Eliminated on disposal

(28,900

)

At 31 August 2021

457,240

NET BOOK VALUE

At 31 August 2021

800,961

At 31 August 2020

900,939

5.

DEBTORS

31.8.21

31.8.20

£

£

Amounts falling due within one year:

Trade debtors

36,331

5,500

Other debtors

7,680

4,409

44,011

9,909

Amounts falling due after more than one year:

Other debtors

55,684

39,010

Aggregate amounts

99,695

48,919

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.21

31.8.20

£

£

Bank loans and overdrafts

69,219

68,785

Hire purchase contracts

225,043

179,729

Payments on account

16,285

11,325

Trade creditors

57,176

33,912

Amounts owed to group undertakings

33,441

40,238

Taxation and social security

32,591

13,252

Other creditors

61,541

57,069

495,296

404,310

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.21

31.8.20

£

£

Hire purchase contracts

501,149

574,158

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.21

31.8.20

£

£

Bank loans

66,408

67,500

Hire purchase contracts

726,192

753,887

792,600

821,387

9.	ULTIMATE CONTROLLING PARTY

The controlling party is N D Hammond.