Company Registration No. 01917978 (England and Wales)
FLEETLINE COACHWORKS LIMITED
Unaudited accounts
for the year ended 30 April 2018
FLEETLINE COACHWORKS LIMITED
Unaudited accounts
Contents
FLEETLINE COACHWORKS LIMITED
Company Information
for the year ended 30 April 2018
Directors
NIGEL BORET
MARK BORET
JEREMY TANN
Company Number
01917978 (England and Wales)
Registered Office
LANCEFIELD HOUSE
5 COMMERCE WAY
CROYDON
CR0 4XA
United Kingdom
Accountants
JPT Finance Ltd
5 Commerce Way
Croydon
Surrey
CR0 4XA
FLEETLINE COACHWORKS LIMITED
Statement of financial position
as at 30 April 2018
Tangible assets
129,081
119,786
Inventories
122,422
100,837
Debtors
1,405,503
1,399,546
Cash at bank and in hand
(153,816)
(160,044)
Creditors: amounts falling due within one year
(882,956)
(910,069)
Net current assets
491,153
430,270
Total assets less current liabilities
620,234
550,056
Provisions for liabilities
Deferred tax
(18,923)
(15,551)
Net assets
601,311
534,505
Called up share capital
32,598
32,598
Share premium
66,472
66,472
Profit and loss account
502,241
435,435
Shareholders' funds
601,311
534,505
For the year ending 30 April 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 15 January 2019.
JEREMY TANN
Director
Company Registration No. 01917978
FLEETLINE COACHWORKS LIMITED
Notes to the Accounts
for the year ended 30 April 2018
FLEETLINE COACHWORKS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01917978. The registered office is LANCEFIELD HOUSE, 5 COMMERCE WAY, CROYDON, CR0 4XA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line
Motor vehicles
20% Straight Line
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Stocks and work-in-progress 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 expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
FLEETLINE COACHWORKS LIMITED
Notes to the Accounts
for the year ended 30 April 2018
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2017
660,551
15,946
676,497
Disposals
-
(2,500)
(2,500)
At 30 April 2018
705,150
13,446
718,596
At 1 May 2017
548,868
7,843
556,711
Charge for the year
32,270
1,444
33,714
At 30 April 2018
581,138
8,377
589,515
At 30 April 2018
124,012
5,069
129,081
At 30 April 2017
111,683
8,103
119,786
Finished goods
122,422
100,837
Trade debtors
669,629
566,163
Other debtors
735,874
833,383
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Creditors: amounts falling due within one year
2018
2017
Trade creditors
424,303
426,937
Taxes and social security
84,844
44,584
Other creditors
373,809
438,548
FLEETLINE COACHWORKS LIMITED
Notes to the Accounts
for the year ended 30 April 2018
Allotted, called up and fully paid:
32,598 Ordinary shares of £1 each
32,598
32,598
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Capital commitments
2018
2017
Amounts contracted but not provided for in the accounts
59,887
114,351
Committed Courtesy Car Rentals Within:
12 Months £25817
24 Months £34070
36 Months £0
The Ultimate Controlling Parties are Mr Mark Boret and Mr Robert Regester
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Average number of employees
During the year the average number of employees was 25 (2017: 0).
