Red Line Coaches Ltd,Ltd - Accounts

RED LINE COACHES LTD - Company Information

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Red Line Coaches Ltd

For the year ended 31 August 2015

Unaudited Abbreviated Report and Financial Statements

Scotland

Registered Number: SC479134

Contents Page

Red Line Coaches Ltd

For the year ended 31 August 2015

Accountants' Report

Balance Sheet

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Notes to the Abbreviated Financial Statements

Accountants' Report

For the year ended 31 August 2015

Red Line Coaches Ltd

As described in the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2015

and you consider that the company is exempt from an audit under the Companies Act 2006. 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.

Han & Co Accountants

61 Scott Street

Dundee

DD2 2BA

01 March 2016

Dated:

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Abbreviated Balance Sheet

Red Line Coaches Ltd

As at 31 August 2015

SC479134

Registered Number :

2015

Notes

Fixed assets

Tangible assets

35,100

Current assets

Stocks

315

Debtors

8,864

Cash at bank and in hand

32,253

41,432

Creditors: amounts falling due within one year

(56,014)

(14,582)

Net current liabilities

Total assets less current liabilities

20,518

Net assets/liabilities

Capital and reserves

Called up share capital

Profit and loss account

20,516

20,518

Shareholders funds

For the year ended 31 August 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Date approved by the board: 01 March 2016

James Wright Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

For the year ended 31 August 2015

Red Line Coaches Ltd

1 Accounting Policies

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Dividends

Proposed dividends are only included as liabilities in the financial statements when their payment has been approved by the shareholders

prior to the balance sheet date.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles

5% Reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2 Tangible fixed assets

Tangible fixed

assets

Cost or valuation

36,947

Additions

At 31 August 2015

36,947

Depreciation

1,847

Charge for year

1,847

At 31 August 2015

Net book values

At 31 August 2015

35,100

3 Share capital

Allotted called up and fully paid

2015

2 Ordinary shares of £1.00 each

2 Ordinary £1.00 shares have been issued during the year at par for a cash consideration of £2.

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Notes to the Abbreviated Financial Statements

For the year ended 31 August 2015

Red Line Coaches Ltd

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