REGISTERED NUMBER: SC471032 (Scotland)

COAST TO COAST TRAVEL LIMITED

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T D Erskine

B J Angus

REGISTERED OFFICE:

2 South Crescent Road

Ardrossan

Ayrshire

KA22 8DU

REGISTERED NUMBER:

SC471032 (Scotland)

ACCOUNTANTS:

JRD Partnership Ltd

Chartered Accountants

11 Portland Road

Kilmarnock

Ayrshire

KA1 2BT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,728,388

1,299,853

1,728,388

1,299,853

CURRENT ASSETS

Debtors

6

182,337

153,890

Cash at bank and in hand

179,055

323,472

361,392

477,362

CREDITORS

Amounts falling due within one year

7

342,695

458,117

NET CURRENT ASSETS

18,697

19,245

TOTAL ASSETS LESS CURRENT LIABILITIES

1,747,085

1,319,098

CREDITORS

Amounts falling due after more than one year

8

(856,133

)

(689,260

)

PROVISIONS FOR LIABILITIES

(351,484

)

(184,249

)

NET ASSETS

539,468

445,589

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

539,368

445,489

SHAREHOLDERS' FUNDS

539,468

445,589

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th October 2025 and were signed on its behalf by:

T D Erskine - Director

B J Angus - Director

1.	STATUTORY INFORMATION

Coast To Coast Travel Limited is a private company, limited by shares , registered in Scotland. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2014, was fully amortised over its estimated useful life of five years until 2019.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 25% on cost and 15% on reducing balance

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 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.

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 39 (2024 - 41 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st February 2024

and 31st January 2025

26,000

AMORTISATION

At 1st February 2024

and 31st January 2025

26,000

NET BOOK VALUE

At 31st January 2025

-

At 31st January 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st February 2024

311,212

2,079,716

2,390,928

Additions

-

751,288

751,288

Disposals

-

(375,413

)

(375,413

)

At 31st January 2025

311,212

2,455,591

2,766,803

DEPRECIATION

At 1st February 2024

13,203

1,077,872

1,091,075

Charge for year

5,972

197,384

203,356

Eliminated on disposal

-

(256,016

)

(256,016

)

At 31st January 2025

19,175

1,019,240

1,038,415

NET BOOK VALUE

At 31st January 2025

292,037

1,436,351

1,728,388

At 31st January 2024

298,009

1,001,844

1,299,853

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

Plant and

machinery

etc

£

COST

At 1st February 2024

1,207,406

Additions

530,000

Transfer to ownership

(326,900

)

At 31st January 2025

1,410,506

DEPRECIATION

At 1st February 2024

549,579

Charge for year

135,627

Transfer to ownership

(268,240

)

At 31st January 2025

416,966

NET BOOK VALUE

At 31st January 2025

993,540

At 31st January 2024

657,827

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

50,134

46,055

Other debtors

132,203

107,835

182,337

153,890

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

51,527

48,665

Hire purchase contracts

203,427

240,910

Trade creditors

37,619

19,791

Taxation and social security

18,852

12,793

Other creditors

31,270

135,958

342,695

458,117

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

78,225

129,752

Hire purchase contracts

725,975

492,375

Other creditors

51,933

67,133

856,133

689,260

9.	RELATED PARTY DISCLOSURES

The directors have advanced the company an interest free loan of £8,469 (2024 - £111,276). There is no fixed term of repayment.

Debtors includes a balance of £6,402 due from TDE Assets Ltd, a company in which T D Erskine, director, has a material interest. Rental payments of £46,140 and vehicle rental payments of £8,400 have been paid to TDE Assets Ltd during the year.

Coast to Coast Travel Limited has granted a guarantee and floating charge as security on behalf of borrowings made by TDE Assets Ltd. It is noted that TDE Assets Ltd has also provided it's own security against these borrowings.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T D Erskine.

11.	OTHER MATTERS

Coast to Coast Travel Limited has granted a guarantee and floating charge as security on behalf of borrowings made by TDE Assets Ltd. It is noted that TDE Assets Ltd has also provided it's own security against these borrowings.