CITY EXECUTIVE TRAVEL LTD

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

Registered number: SC588086

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,000		5,000
Tangible Assets	5		664,306		438,414

			668,306		443,414
CURRENT ASSETS
Stocks	6	222		111
Debtors	7	64,347		52,979
Cash at bank and in hand		84,992		76,458

		149,561		129,548
Creditors: Amounts Falling Due Within One Year	8	(194,342 )		(129,952 )

NET CURRENT ASSETS (LIABILITIES)			(44,781 )		(404 )

TOTAL ASSETS LESS CURRENT LIABILITIES			623,525		443,010

Creditors: Amounts Falling Due After More Than One Year	9		(291,023 )		(216,779 )

NET ASSETS			332,502		226,231

CAPITAL AND RESERVES
Called up share capital	11		1,000		1,000
Profit and Loss Account			331,502		225,231

SHAREHOLDERS' FUNDS			332,502		226,231

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CITY EXECUTIVE TRAVEL LTD

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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 Peter Long

Director

20/11/2025

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

CITY EXECUTIVE TRAVEL LTD is a private company, limited by shares, incorporated in Scotland, registered number SC588086 . The registered office is Unit 7/1, Edgefield Road Industrial Estate, Loanhead, EH20 9TB.

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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 the profit and loss account over its estimated economic life of .... 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:

Freehold	0%
Leasehold	0%
Plant & Machinery	10% Straight Line
Motor Vehicles	20% Straight Line
Fixtures & Fittings	15% Straight Line
Computer Equipment	15% Straight Line

2.5. Leasing and Hire Purchase Contracts

Assets obtained under 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 the profit and loss account as incurred.

2.6. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

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CITY EXECUTIVE TRAVEL LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	10,000

As at 31 March 2025	10,000

Amortisation
As at 1 April 2024	5,000
Provided during the period	1,000

As at 31 March 2025	6,000

Net Book Value
As at 31 March 2025	4,000

As at 1 April 2024	5,000

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 April 2024	3,980	-	60,769	522,958
Additions	-	6,666	2,295	321,486
Disposals	-	-	-	(131,000 )

As at 31 March 2025	3,980	6,666	63,064	713,444

Depreciation
As at 1 April 2024	-	-	24,522	130,095
Provided during the period	-	-	5,437	69,059
Disposals	-	-	-	(97,217 )

As at 31 March 2025	-	-	29,959	101,937

Net Book Value
As at 31 March 2025	3,980	6,666	33,105	611,507

As at 1 April 2024	3,980	-	36,247	392,863


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2024	5,936	5,126	598,769
Additions	-	5,496	335,943
Disposals	-	-	(131,000 )

As at 31 March 2025	5,936	10,622	803,712

...CONTINUED

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CITY EXECUTIVE TRAVEL LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Depreciation
As at 1 April 2024	4,048	1,690	160,355
Provided during the period	-	1,772	76,268
Disposals	-	-	(97,217 )

As at 31 March 2025	4,048	3,462	139,406

Net Book Value
As at 31 March 2025	1,888	7,160	664,306

As at 1 April 2024	1,888	3,436	438,414

6. Stocks

	2025	2024
	£	£
Materials	222	111

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	54,842	5,895
Other debtors	9,505	47,084

	64,347	52,979

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	101,513	56,660
Trade creditors	34,036	12,623
Bank loans and overdrafts	5,556	5,556
Other creditors	53,237	56,142
Taxation and social security	-	(1,029 )

	194,342	129,952

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	259,082	-
Bank loans	31,941	37,498
Other loans	-	179,281

	291,023	216,779

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CITY EXECUTIVE TRAVEL LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	101,513	56,660
Later than one year and not later than five years	259,082	-

	360,595	56,660

	360,595	56,660

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1,000	1,000

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