SKILLS MOTOR COACHES LIMITED

• ⚠

  Material uncertainty over going concern

  We draw attention to note 1.2 in the financial statements, which explains the level of company financial liabilities and the need to ensure continuance of future profits in order to meet the structured repayments as they fall due. As stated in note 1.2 this indicates the existence of a material uncertainty in connection with the Company's ability to continue as a going concern.

• ◆

  Audit opinion: Qualified

  Latest auditor's report carried a non-clean opinion.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

TAG Assurance Services Ltd

Audit opinion

Qualified

Going concern

Material uncertainty disclosed

“We draw attention to note 1.2 in the financial statements, which explains the level of company financial liabilities and the need to ensure continuance of future profits in order to meet the structured repayments as they fall due. As stated in note 1.2 this indicates the existence of a material uncertainty in connection with the Company's ability to continue as a going concern.”

Group structure

1. SKILLS MOTOR COACHES LIMITED · parent
   1. Silverdale Tours (Nottingham) Limited 90% · Nottingham
   2. Nottingham City Coaches Limited 100% · Nottinghamshire
   3. Skills and Wardle Sports Tours Limited 99% · Nottingham

Significant events

• “The Directors have subsequently been successful in securing new contract private hire work with a major cruise company and Kuoni Holidays. The NEC contract continues to grow as exhibitions return to the NEC. The Company continues to operate for schools and colleges and the major colleges are delighted with the results.”
• “The return of our private hire customer base has been pleasing and shows the strength of the brands. We continue to work with National Express who have reported their revenues have returned to pre pandemic levels. A new five year contract has been signed with National Express.”
• “During the year Skills Transport Solutions Limited and Apartair Travel Limited were sold to the directors of Skills Motor Coaches Limited.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -15.8%

  £4,494,332 → £3,784,751

  lowest in 3 filed years

• Cash

  -37.1%

  £911,016 → £573,065

• Net assets

  -8%

  £1,447,358 → £1,331,065

• Employees

  0%

  46 → 46

• Operating profit

  +72.2%

  £267,649 → £460,786

  highest in 3 filed years

• Profit before tax

  +323.9%

  £56,534 → £239,621

  highest in 5 filed years

• Wages

  +8.5%

  £1,176,752 → £1,277,086

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers