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REGISTERED NUMBER: 03574547 (England and Wales)















Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2016

for

Sullivan Bus & Coach Limited

Sullivan Bus & Coach Limited (Registered number: 03574547)






Contents of the Financial Statements
for the Year Ended 31 December 2016




Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


Sullivan Bus & Coach Limited

Company Information
for the Year Ended 31 December 2016







DIRECTOR: D Sullivan





SECRETARY: A Panayiotou





REGISTERED OFFICE: Windfall House
D1, The Courtyard
Alban Park
St Albans
Hertfordshire
AL4 0LA





REGISTERED NUMBER: 03574547 (England and Wales)





ACCOUNTANTS: A&L
Chartered Accountants
D1, The Courtyard
Alban Park
St Albans
Hertfordshire
AL4 0LA

Sullivan Bus & Coach Limited (Registered number: 03574547)

Report of the Director
for the Year Ended 31 December 2016

The director presents his report with the financial statements of the company for the year ended 31 December 2016.

DIRECTOR
D Sullivan held office during the whole of the period from 1 January 2016 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small
companies.

ON BEHALF OF THE BOARD:





D Sullivan - Director


28 September 2017

Sullivan Bus & Coach Limited (Registered number: 03574547)

Income Statement
for the Year Ended 31 December 2016

2016 2015
Notes £    £   

TURNOVER 6,919,200 6,454,830

Cost of sales 5,788,508 5,181,423
GROSS PROFIT 1,130,692 1,273,407

Administrative expenses 900,318 971,308
OPERATING PROFIT 4 230,374 302,099


Interest payable and similar expenses 66,685 95,449
PROFIT BEFORE TAXATION 163,689 206,650

Tax on profit - -
PROFIT FOR THE FINANCIAL YEAR 163,689 206,650

Sullivan Bus & Coach Limited (Registered number: 03574547)

Balance Sheet
31 December 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,940,673 2,570,818

CURRENT ASSETS
Stocks 25,700 25,700
Debtors 6 802,584 349,665
Cash at bank 128,856 245,868
957,140 621,233
CREDITORS
Amounts falling due within one year 7 815,993 700,292
NET CURRENT ASSETS/(LIABILITIES) 141,147 (79,059 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,081,820

2,491,759

CREDITORS
Amounts falling due after more than one
year

8

1,160,254

733,882
NET ASSETS 1,921,566 1,757,877

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 1,911,566 1,747,877
SHAREHOLDERS' FUNDS 1,921,566 1,757,877

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)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.

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 September 2017 and were signed by:



D Sullivan - Director


Sullivan Bus & Coach Limited (Registered number: 03574547)

Notes to the Financial Statements
for the Year Ended 31 December 2016

1. STATUTORY INFORMATION

Sullivan Bus & Coach Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and Straight line over 15 years

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 that have been enacted or
substantively enacted by the balance sheet date.

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 or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Sullivan Bus & Coach Limited (Registered number: 03574547)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 200 .

4. OPERATING PROFIT

The operating profit is stated after charging:

2016 2015
£    £   
Depreciation - owned assets 130,008 157,298

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 5,403,370
Additions 644,890
At 31 December 2016 6,048,260
DEPRECIATION
At 1 January 2016 2,832,552
Charge for year 275,035
At 31 December 2016 3,107,587
NET BOOK VALUE
At 31 December 2016 2,940,673
At 31 December 2015 2,570,818

Sullivan Bus & Coach Limited (Registered number: 03574547)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2016 1,914,007
Additions 628,800
Transfer to ownership (33,587 )
At 31 December 2016 2,509,220
DEPRECIATION
At 1 January 2016 472,030
Charge for year 145,027
Transfer to ownership (74,673 )
At 31 December 2016 542,384
NET BOOK VALUE
At 31 December 2016 1,966,836
At 31 December 2015 1,441,977

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 666,856 205,038
Other debtors 135,728 144,627
802,584 349,665

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Hire purchase contracts 303,298 237,545
Trade creditors 237,094 307,041
Taxation and social security 121,963 64,365
Other creditors 153,638 91,341
815,993 700,292

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Hire purchase contracts 686,766 324,453
Other creditors 473,488 409,429
1,160,254 733,882

Sullivan Bus & Coach Limited (Registered number: 03574547)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2016

9. SECURED DEBTS

The following secured debts are included within creditors:

2016 2015
£    £   
Hire purchase contracts 990,064 561,998

10. RELATED PARTY DISCLOSURES

Included in other creditors over 1 year were unsecured and interest free loans due to director Dean Sullivan of
£473,488 (2015 - £409,429).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Sullivan by virtue of holding 80% of the issued share capital.