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Registered number: 11843297
Angel Executive Travel Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Angel Executive Travel Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
Angel Executive Travel Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 11843297

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 2,144,642 |  | 1,849,305
|  |  | 2,144,642 |  | 1,849,305
CURRENT ASSETS
Debtors | 6 | 319,334 |  | 332,318 |
Cash at bank and in hand |  | 42,212 |  | 79,730 |
|  | 361,546 |  | 412,048 |
Creditors: Amounts Falling Due Within One Year | 7 | (924,230 ) |  | (828,814 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (562,684 ) |  | (416,766 )
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 1,581,958 |  | 1,432,539
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (404,843 ) |  | (417,968 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (291,755 ) |  | (242,409 )
NET ASSETS |  |  | 885,360 |  | 772,162
CAPITAL AND RESERVES
Called up share capital | 10 |  | 1,100,100 |  | 1,100,100
Profit and Loss Account |  |  | (214,740 ) |  | (327,938 )
SHAREHOLDERS' FUNDS |  |  | 885,360 |  | 772,162

Page 1
Page 2
Angel Executive Travel Limited
Balance Sheet (continued)
As At 31 March 2025
For the year ending 31 March 2025 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr Stuart Warwick Director
02/10/2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Angel Executive Travel Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
Angel Executive Travel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11843297 . The registered office is Unit 35, Binders Industrial Estate, Cryers Hill, High Wycombe, Buckinghamshire, HP15 6LJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of coach hire services and coach related maintenance services. Turnover is reduced for estimated customer refunds, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery | 20 years straight line
Fixtures & Fittings | 5 years staight line
Computer Equipment | 5 years staight line

Plant and machinery includes coaches used to generate income. Most of the coaches were brought in from a sole trader business where the coaches were depreciation over 10 years straight line.
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
...CONTINUED
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Page 4
Angel Executive Travel Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.6. Taxation - continued
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 13 (2024: 9)
13 9
4. Intangible Assets

| Goodwill
--- | ---
| £
Cost
As at 1 April 2024 | 702,755
As at 31 March 2025 | 702,755
Amortisation
As at 1 April 2024 | 702,755
As at 31 March 2025 | 702,755
Net Book Value
As at 31 March 2025 | -
As at 1 April 2024 | -

5. Tangible Assets

| Plant & Machinery | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | ---
| £ | £ | £ | £
Cost
As at 1 April 2024 | 2,224,517 | 3,075 | 6,213 | 2,233,805
Additions | 450,625 | - | 3,297 | 453,922
Disposals | (36,033 ) | - | (269 ) | (36,302 )
As at 31 March 2025 | 2,639,109 | 3,075 | 9,241 | 2,651,425
Depreciation
As at 1 April 2024 | 379,877 | 2,060 | 2,563 | 384,500
Provided during the period | 131,971 | 508 | 1,761 | 134,240
Disposals | (11,807 ) | - | (150 ) | (11,957 )
As at 31 March 2025 | 500,041 | 2,568 | 4,174 | 506,783
Net Book Value
As at 31 March 2025 | 2,139,068 | 507 | 5,067 | 2,144,642
As at 1 April 2024 | 1,844,640 | 1,015 | 3,650 | 1,849,305

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Plant & Machinery | 1,407,793 |  | 1,491,545

Page 4
Page 5
Angel Executive Travel Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 175,651 |  | 155,182
Prepayments and accrued income | 72,481 |  | 60,426
Other debtors | 17,092 |  | 25,892
VAT debtor | 54,110 |  | 90,818
| 319,334 |  | 332,318

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 617,916 |  | 575,391
Trade creditors | 92,530 |  | 61,138
Bank loans and overdrafts | 11,111 |  | 11,111
Total taxes and social security | 19,009 |  | 24,115
Other creditors | 33,534 |  | 30,643
Accruals and deferred income | 41,545 |  | 19,186
Directors' loan accounts | 108,585 |  | 107,230
| 924,230 |  | 828,814

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 402,991 |  | 405,005
Bank loans | 1,852 |  | 12,963
| 404,843 |  | 417,968

9. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 617,916 |  | 575,391
Later than one year and not later than five years | 402,991 |  | 405,005
| 1,020,907 |  | 980,396
| 1,020,907 |  | 980,396

10. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 1,100,100 |  | 1,100,100

Page 5
Page 6
Angel Executive Travel Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
11. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 36,750 |  | 35,934
| 36,750 |  | 35,934

12. Directors Advances, Credits and Guarantees
Amounts owed under hire purchase are personally guaranteed by a director.
13. Related Party Transactions
At year end, one director was owed £46,886 (2024: £49,768) and another director was owed £61,699 (202,43: £57,462). No interest has been charged, these amounts are repayable on demand and are unsecured.
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