Company Registration No. SC229701 (Scotland)
Eve Coaches Ltd
Unaudited accounts
for the year ended 31 March 2021
Eve Coaches Ltd
Unaudited accounts
Contents
Eve Coaches Ltd
Company Information
for the year ended 31 March 2021
Company Number
SC229701 (Scotland)
Registered Office
Spott Road Industrial Estate
Dunbar
East Lothian
EH42 1RR
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Eve Coaches Ltd
Statement of financial position
as at
31 March 2021
Tangible assets
2,524,697
2,118,678
Cash at bank and in hand
469,979
173,530
Creditors: amounts falling due within one year
(186,539)
(98,047)
Net current assets
484,341
112,764
Total assets less current liabilities
3,009,038
2,231,442
Creditors: amounts falling due after more than one year
(313,737)
(66,325)
Provisions for liabilities
Deferred tax
(334,422)
(249,148)
Other provisions
(67,064)
(67,064)
Net assets
2,293,815
1,848,905
Called up share capital
1
1
Profit and loss account
2,293,814
1,848,904
Shareholders' funds
2,293,815
1,848,905
For the year ending 31 March 2021 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 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 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.
The financial statements were approved by the Board and authorised for issue on 16 July 2021 and were signed on its behalf by
Gary Scougall
Director
Company Registration No. SC229701
Eve Coaches Ltd
Notes to the Accounts
for the year ended 31 March 2021
Eve Coaches Ltd is a private company, limited by shares, registered in Scotland, registration number SC229701. The registered office is Spott Road Industrial Estate, Dunbar, East Lothian, EH42 1RR.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
15% reducing balance
Fixtures & fittings
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
487,816
94,266
3,454,927
4,037,009
Additions
-
64,677
870,022
934,699
Disposals
-
-
(737,851)
(737,851)
At 31 March 2021
487,816
158,943
3,587,098
4,233,857
At 1 April 2020
-
87,387
1,830,944
1,918,331
Charge for the year
-
17,889
290,398
308,287
On disposals
-
-
(517,458)
(517,458)
At 31 March 2021
-
105,276
1,603,884
1,709,160
At 31 March 2021
487,816
53,667
1,983,214
2,524,697
At 31 March 2020
487,816
6,879
1,623,983
2,118,678
Eve Coaches Ltd
Notes to the Accounts
for the year ended 31 March 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
197,913
29,079
Accrued income and prepayments
2,440
7,519
6
Creditors: amounts falling due within one year
2021
2020
Obligations under finance leases and hire purchase contracts
152,364
63,903
Trade creditors
32,176
55,449
Taxes and social security
(5,319)
(29,565)
Other creditors
1,845
4,335
7
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
313,737
66,325
8
Deferred taxation
2021
2020
Accelerated capital allowances
334,422
249,148
Provision at start of year
249,148
197,169
Charged to the profit and loss account
85,274
51,979
Provision at end of year
334,422
249,148
9
Average number of employees
During the year the average number of employees was 25 (2020: 23).