Whittle Coach & Bus Limited - Accounts to registrar (filleted) - small 23.1.2
Whittle Coach & Bus Limited - Accounts to registrar (filleted) - small 23.1.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2022 |
| FOR |
| WHITTLE COACH & BUS LIMITED |
| WHITTLE COACH & BUS LIMITED (REGISTERED NUMBER: 09359513) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| WHITTLE COACH & BUS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 December 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Chartered Accountants |
| Statutory Auditors |
| 1110 Elliott Court |
| Herald Avenue |
| Coventry Business Park |
| Coventry |
| West Midlands |
| CV5 6UB |
| WHITTLE COACH & BUS LIMITED (REGISTERED NUMBER: 09359513) |
| BALANCE SHEET |
| 31 December 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 |
| WHITTLE COACH & BUS LIMITED (REGISTERED NUMBER: 09359513) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2022 |
| 1. | STATUTORY INFORMATION |
| Whittle Coach & Bus Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the 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. |
| Turnover represents net invoiced sales of services, excluding value added tax, recognised according to the departure date of the tour or hire. |
| Goodwill |
| 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 |
| Short leasehold | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| 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. |
| WHITTLE COACH & BUS LIMITED (REGISTERED NUMBER: 09359513) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2022 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts, finance leases or sale and leaseback arrangements are capitalised in the balance sheet. Depreciation is charged to the profit and loss account over the estimated useful life of the asset. Interest is charged to the profit or 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 profit or loss in the period to which they relate. |
| Finance and operating leases |
| In accordance with FRS102 section 20, finance agreements where substantially all the risks and rewards of ownership are transferred are treated as finance leases. The liability is recognised as the present value of the minimum lease payments and a charge is taken to the profit and loss in order to produce a constant periodic rate of interest on the remaining balance of the liability. |
| Lease payments made under operating leases are recognised as an expense over the lease term in accordance with Section 20 FRS102. |
| Sale and leaseback arrangements |
| In accordance with FRS 102 section 20.33 sale and leaseback arrangements have been accounted for as finance leases. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Intellectual | Negative | Computer |
| Goodwill | property | goodwill | software | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2022 |
| and 31 December 2022 | ( |
) | ( |
) |
| AMORTISATION |
| At 1 January 2022 |
| and 31 December 2022 | ( |
) | ( |
) |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| WHITTLE COACH & BUS LIMITED (REGISTERED NUMBER: 09359513) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2022 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Short | Plant and | and |
| leasehold | machinery | fittings |
| £ | £ | £ |
| COST |
| At 1 January 2022 |
| Additions |
| Disposals |
| At 31 December 2022 |
| DEPRECIATION |
| At 1 January 2022 |
| Charge for year |
| Eliminated on disposal |
| At 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| Motor | Computer |
| vehicles | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2022 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2022 |
| DEPRECIATION |
| At 1 January 2022 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| WHITTLE COACH & BUS LIMITED (REGISTERED NUMBER: 09359513) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2022 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Motor |
| vehicles |
| £ |
| COST |
| At 1 January 2022 |
| Additions |
| Transfer to ownership | (259,950 | ) |
| At 31 December 2022 |
| DEPRECIATION |
| At 1 January 2022 |
| Charge for year |
| Transfer to ownership | (158,660 | ) |
| At 31 December 2022 |
| NET BOOK VALUE |
| At 31 December 2022 |
| At 31 December 2021 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| Tax |
| Prepayments |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Hire purchase contracts (see note 9) |
| Trade creditors |
| Amounts owed to group undertakings |
| Tax |
| Social security and other taxes |
| Other creditors |
| Accrued expenses |
| WHITTLE COACH & BUS LIMITED (REGISTERED NUMBER: 09359513) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2022 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Hire purchase contracts (see note 9) |
| Amounts owed to group undertakings |
| 9. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase contracts |
| 2022 | 2021 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable | operating leases |
| 2022 | 2021 |
| £ | £ |
| Within one year |
| Between one and five years |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2022 | 2021 |
| £ | £ |
| Hire purchase contracts | 280,401 | 105,985 |
| Bank debt is secured by a fixed and floating charge over the assets and undertakings of the Company both present and future. Hire purchase borrowings are secured on the assets to which the contract relates. |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary | £1 | 1 | 1 |
| WHITTLE COACH & BUS LIMITED (REGISTERED NUMBER: 09359513) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2022 |
| 12. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 13. | PARENT UNDERTAKING |
| The Company's parent undertaking is Johnsons (Henley) Limited, registered at Liveridge Hill, Henley-In-Arden B95 5QS. |