A & C Coaches Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC303750 (Scotland)

Unaudited Financial Statements

For The Period

1st March 2023 to 25th April 2023

for

A & C Coaches Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTOR:

A Grenfell

SECRETARY:

REGISTERED OFFICE:

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

REGISTERED NUMBER:

SC303750 (Scotland)

ACCOUNTANTS:

J S Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

-

1

-

1

CURRENT ASSETS

Debtors

6

-

87,200

Investments

7

131,045

Cash at bank

210,706

239,953

341,751

458,198

CREDITORS

Amounts falling due within one year

8

(1,628

)

(111,098

)

NET CURRENT ASSETS

340,123

347,100

TOTAL ASSETS LESS CURRENT
LIABILITIES

340,123

347,101

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

340,122

347,100

SHAREHOLDERS' FUNDS

340,123

347,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 25th April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 25th April 2023 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 1st May 2023 and were signed by:

A Grenfell - Director

1.	STATUTORY INFORMATION

A & C Coaches Limited is a private company, limited by shares , registered in Scotland. 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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 NIL (2023 - 6 ).

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st March 2023

and 25th April 2023

30,000

AMORTISATION

At 1st March 2023

and 25th April 2023

30,000

NET BOOK VALUE

At 25th April 2023

-

At 28th February 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st March 2023

and 25th April 2023

6,373

DEPRECIATION

At 1st March 2023

and 25th April 2023

6,373

NET BOOK VALUE

At 25th April 2023

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

£

Trade debtors

-

11,000

Other debtors

-

76,200

-

87,200

7.	CURRENT ASSET INVESTMENTS

2023

£

Unlisted investments

131,045

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

£

Bank loans and overdrafts

-

33,031

Trade creditors

(1

)

1,075

Taxation and social security

584

74,807

Other creditors

1,045

2,185

1,628

111,098

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the period ended 25th April 2023 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

J S Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

1st May 2023

A & C Coaches Limited - Accounts to registrar (filleted) - small 23.1.2

A & C Coaches Limited - Accounts to registrar (filleted) - small 23.1.2