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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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HUMPHREYS COACHES (PONTYPRIDD) LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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FOR |
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HUMPHREYS COACHES (PONTYPRIDD) LIMITED |
HUMPHREYS COACHES (PONTYPRIDD) LIMITED (REGISTERED NUMBER: 05027121) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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HUMPHREYS COACHES (PONTYPRIDD) LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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13-14 Gelliwastad Road |
Pontypridd |
Rhondda Cynon Taf |
CF37 2BW |
HUMPHREYS COACHES (PONTYPRIDD) LIMITED (REGISTERED NUMBER: 05027121) |
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BALANCE SHEET |
28 FEBRUARY 2018 |
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28/2/18 | 28/2/17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
HUMPHREYS COACHES (PONTYPRIDD) LIMITED (REGISTERED NUMBER: 05027121) |
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BALANCE SHEET - continued |
28 FEBRUARY 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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HUMPHREYS COACHES (PONTYPRIDD) LIMITED (REGISTERED NUMBER: 05027121) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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1. | STATUTORY INFORMATION |
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Humphreys Coaches (Pontypridd) Limited is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents the net invoiced sale of services, excluding value added tax. |
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Tangible fixed assets |
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Freehold property | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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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. |
HUMPHREYS COACHES (PONTYPRIDD) LIMITED (REGISTERED NUMBER: 05027121) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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2. | ACCOUNTING POLICIES - continued |
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Employee benefit trusts (ebts) |
The company has established trusts for the benefit of employees and certain of their dependants. Monies held in |
these trusts are held by independent trustees and managed at their discretion. |
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Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of |
the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an |
allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust |
vest in identified individuals. |
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Where monies held in a trust are determined by the company on the basis of employees’ past services to the |
business and the company can obtain no future economic benefit from those monies, such monies, whether in the |
trust or accrued for by the company are charged to the profit and loss account in the period to which |
they relate. |
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Employer-financed retirement benefit scheme |
The company has established trusts for the benefit of employees and persons connected with them. Monies held |
in these trusts are held by independent trustees and managed at their discretion. The trustees are empowered to |
provide both retirement and other employee benefits. |
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Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of |
the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an |
allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust |
vest in identified individuals. |
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Where monies held in a trust are determined by the company on the basis of employees' past services to the |
business and the company can obtain no future economic benefit from those monies, such monies, whether in the |
trust or accrued for by the company are charged to the profit and loss account in the period to which |
they relate. |
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Where monies held in a trust are determined by the company on the basis of employees' past services to the |
business and are payable after completion of the employment, such monies are charged to the profit and loss |
account in the period during which services are rendered by employees. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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HUMPHREYS COACHES (PONTYPRIDD) LIMITED (REGISTERED NUMBER: 05027121) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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4. | PROPERTY, PLANT AND EQUIPMENT |
Fixtures |
Freehold | and | Motor |
property | fittings | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 March 2017 |
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Disposals | ( |
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At 28 February 2018 |
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DEPRECIATION |
At 1 March 2017 |
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Eliminated on disposal | ( |
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At 28 February 2018 |
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NET BOOK VALUE |
At 28 February 2018 |
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At 28 February 2017 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
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COST |
At 1 March 2017 |
and 28 February 2018 |
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NET BOOK VALUE |
At 28 February 2018 |
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At 28 February 2017 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28/2/18 | 28/2/17 |
£ | £ |
Trade debtors |
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Amounts recoverable on contract |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28/2/18 | 28/2/17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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HUMPHREYS COACHES (PONTYPRIDD) LIMITED (REGISTERED NUMBER: 05027121) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 28 FEBRUARY 2018 |
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8. | CONTINGENT LIABILITIES |
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The company has appointed assets to an Employee Benefit Trust and an Employer-Financed Retirement Benefit |
Scheme. The company is liable for PAYE/NIC that may arise on awards made by the Trustees. The Director is |
engaged in discussions with HMRC and will provide for such liabilities in the 2019 accounts, when the final |
figure and correct tax and accounting treatment is ascertained and quantifiable. |
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9. | ULTIMATE CONTROLLING PARTY |
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The ultimate controlling party is Mr K Jones by virtue of his shareholding. |