Messages

4891 made a swift return to Coventry on the X1 today

6841 X1 Meriden

4 X1s on Holyhead Road into Coventry at 6 this evening. Saw 3 go back the other way 2 of which were not in service.

I don't want to argue over the details of accounting/tax treatment but unfortunately I don't agree or understand some of those points, but the I'm only an accountant so probably understands figures better than words!

Not necessary if the bus was bought using the HMRC AIA Allowances then the whole ammount is written off by the annual investment allowance in.Yr1 and so capital allowances are not claimed for year 2 onwards therefore although still an asset the NRV is shown as £0 as the value of asset has been.written off in.Yr1 Using either Capital Allowance or AIA method the repairs are justified as these would be claimed against Advance Corporation.Tax in Trading Profit and Loss Account as Repairs. Tax Relief of 19% would be claimed on the repair leaving WMT only to foot 81% of the cost this ammount remaing would be offset against final Corpration Tax at 19% marginal relief  so overall WMT only enccur round about 54% of the cost of the repair overall against its overall tax bill due so why wouldnt you repair a new nearly bus when you are only paying for half the repair in effect although other adjustments may be due?

This is not strictly correct.  The AIA is a tax relief giving 100% relief in the first year so for tax purposes the tax written down value could be £0.  As the AIA is limited to the first £1m of asset spend, it could be argued that even for tax purposes the bus would still have a value as tax allowance would be restricted to the less generous writing down allowance of 18%
The accounting treatment would be different with the bus written off overs its useful life so as a new vehicle it would still currently have a high net book value.

4581 on the 50

841 23 branded on the 16

9 - 4696

4403 failed to start at Warwick Uni.

Couldn't have been anything major as was going down Cox Street at just after 6.30.

6721Platinum on the WA6

900E to Sheldon Wheatsheaf seen coming through Allesley Village at just before 4.00 followed by another 900 to Birmingham

874 - 16

4695, 4689 and 4407 all on the 2/3 today along with 871.

It hadn't I was there until  1930, I  took a bus load of security guards down,  so had to arrive first and leave last

Did you move or where you parked in the same place all day?  My mistake but you should have been fairly easy to spot as there weren't many deckers in the coach park.

Was that you driving it in Kings Heath around 07:30?

4 hours later 6148 was at Cheltenham as it was there when we arrived.  Had gone by 6.30 though when we left the coach park.