REGISTERED NUMBER: 03038028 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

EAVESWAY TRAVEL LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Statement of Directors' Responsibilities

11

Independent Chartered Certified Accountants' Review Report

12

DIRECTORS:

M Eaves

Mrs L Eaves

SECRETARY:

Mrs L Eaves

REGISTERED OFFICE:

Bryn Side

Bryn Road

Ashton-in-Makerfield

Wigan

Lancashire

WN4 8BT

REGISTERED NUMBER:

03038028 (England and Wales)

ACCOUNTANTS:

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

BANKERS:

National Westminster Bank Plc

65 Gerrard Street

Ashton-in-Makerfield

Wigan

Lancashire

WN4 9AH

FIXED ASSETS

Tangible assets

4

4,030,616

3,051,346

CURRENT ASSETS

Stocks

27,870

23,011

Debtors

5

334,638

351,959

Cash at bank and in hand

770,720

518,902

1,133,228

893,872

CREDITORS

Amounts falling due within one year

6

1,743,666

1,471,839

NET CURRENT LIABILITIES

(610,438

)

(577,967

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,420,178

2,473,379

CREDITORS

Amounts falling due after more than one year

7

(1,181,230

)

(323,603

)

PROVISIONS FOR LIABILITIES

10

(637,949

)

(610,603

)

NET ASSETS

1,600,999

1,539,173

CAPITAL AND RESERVES

Called up share capital

11

107,440

107,440

Share premium

12

104,573

104,573

Capital redemption reserve

12

35,813

35,813

Retained earnings

12

1,353,173

1,291,347

SHAREHOLDERS' FUNDS

1,600,999

1,539,173

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 24 October 2025 and were signed on its behalf by:

M Eaves - Director

1.	STATUTORY INFORMATION

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

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The directors' consider that is appropriate to continue to prepare the financial statements on a going concern basis. In making this assessment the directors' have considered the following relevant factors; being the results of post year end management accounts, levels of advanced bookings, the company's ability to service existing finance, availability of external finance and the impact of further potential regulatory changes in respect of Euro 6 emission limits. The directors have concluded that based on the results of these assessments that going concern remains a valid basis on which to prepare the financial statements.

The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover represents the net invoice value of services provided, excluding VAT.

Turnover from the provision of services is recognised at the point at which the transport service has been provided.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses.

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.

Improvements to property - 2% on cost

Plant and machinery - 20% on reducing balance

Fixtures and fittings - 20% - 33% on cost

Motor vehicles - 25% on reducing balance

Motor coaches - 10% to 27% on reducing balance

At each reporting date the company reviews the carrying amount of its tangible fixed assets to determine if there is any indication that those assets have suffered an impairment loss. If any such indication exists the recoverable amount of the asset is estimated to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

Recoverable amount is the higher of the fair value less costs to sell and value in use. To assess value in use estimated future cashflows are discounted to their net present value using a discount rate that reflects current market assessments of the time value of money.

If the recoverable amount of the asset is estimated to be less than its carrying amount then the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss.

Recognised impairment losses are reversed if the reasons for the impairment loss have ceased to apply. Where a impairment loss subsequently reverses the carrying amount of the asset is increased to the revised estimate of its recoverable amount but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Stocks

Stocks are valued at the lower of cost and selling price, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of FRS 102 Section 11 'Basic Financial Instruments' to all of its financial instruments.

The following assets and liabilities are classified as financial instruments; bank accounts, trade debtors, Directors' loan accounts, trade creditors, accruals and hire purchase agreements.

Financial instruments that are payable or receivable within one year, typically bank accounts, Directors' loan accounts, trade creditors,accruals and trade debtors, are measured initially and subsequently at the undiscounted amount of the cash or other consideration that is expected to be paid or received.

Financial instruments repayable in more than one year such as hire purchase agreements are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method unless the effect of discounting would be immaterial.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 are capitalised in the statement of financial position and depreciated over their estimated useful lives.

The interest element of these obligations is charged to the income statement over the relevant period. The capital element of the future payments is treated as a liability.

Rentals payable under operating leases are charged to the income statement as incurred.

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 36 (2024 - 35 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 April 2024

195,059

212,740

158,710

Additions

8,320

-

788

Disposals

-

-

-

At 31 March 2025

203,379

212,740

159,498

DEPRECIATION

At 1 April 2024

47,364

198,500

153,169

Charge for year

3,901

2,847

3,204

Eliminated on disposal

-

-

-

At 31 March 2025

51,265

201,347

156,373

NET BOOK VALUE

At 31 March 2025

152,114

11,393

3,125

At 31 March 2024

147,695

14,240

5,541

Motor

Motor

vehicles

coaches

Totals

£

£

£

COST

At 1 April 2024

30,829

6,348,979

6,946,317

Additions

-

1,733,507

1,742,615

Disposals

-

(1,457,256

)

(1,457,256

)

At 31 March 2025

30,829

6,625,230

7,231,676

DEPRECIATION

At 1 April 2024

30,597

3,465,341

3,894,971

Charge for year

58

351,669

361,679

Eliminated on disposal

-

(1,055,590

)

(1,055,590

)

At 31 March 2025

30,655

2,761,420

3,201,060

NET BOOK VALUE

At 31 March 2025

174

3,863,810

4,030,616

At 31 March 2024

232

2,883,638

3,051,346

The net book value of tangible fixed assets includes £ 1,540,872 (2024 - £ 1,712,080 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

82,371

114,660

Other debtors

252,267

237,299

334,638

351,959

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

586,931

344,558

Trade creditors

331,057

232,871

Other creditors

825,678

894,410

1,743,666

1,471,839

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

1,181,230

323,603

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

586,931

344,558

Between one and five years

1,181,230

323,603

1,768,161

668,161

Non-cancellable

operating leases

2025

2024

£

£

Within one year

74,611

82,339

Between one and five years

43,911

118,522

In more than five years

-

39,375

118,522

240,236

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,768,161

668,161

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Tax losses carried forward

(333,457

)

(51,904

)

Accelerated capital allowances

971,406

662,507

637,949

610,603

Deferred

tax

£

Balance at 1 April 2024

610,603

Provided during year

35,400

Movement related to prior year

(8,054

)

Balance at 31 March 2025

637,949

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

107,440

Ordinary

£1

107,440

107,440

12.

RESERVES

Capital

Retained

Share

redemption

earnings

premium

reserve

Totals

£

£

£

£

At 1 April 2024

1,291,347

104,573

35,813

1,431,733

Profit for the year

106,825

106,825

Dividends

(44,999

)

(44,999

)

At 31 March 2025

1,353,173

104,573

35,813

1,493,559

13.	CAPITAL COMMITMENTS

2025

2024

£

£

Contracted but not provided for in the

financial statements

754,750

530,000

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M Eaves

Balance outstanding at start of year

9,891

-

Amounts advanced

10,114

42,764

Amounts repaid

(9,891

)

(32,873

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,114

9,891

The amounts advanced are unsecured, there are no fixed repayment terms and interest has been charged at the official rate.

The balance due to the company has been repaid within 9 months of the reporting date

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

ON BEHALF OF THE BOARD:

M Eaves - Director

24 October 2025

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

We have reviewed the financial statements of Eavesway Travel Limited for the year ended 31 March 2025, which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Directors' responsibility for the financial statements

As explained more fully in the Statement of Directors' Responsibilities set out on page fourteen, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view.

Accountants' responsibility

Our responsibility is to express a conclusion on the financial statements. We conducted our review in accordance with International Standard on Review Engagements (ISRE) 2400 (Revised), 'Engagements to review historical financial statements' and ICAEW Technical Release TECH 09/13AAF (Revised) 'Assurance review engagements on historical financial statements'. ISRE 2400 (Revised) requires us to conclude whether anything has come to our attention that causes us to believe that the financial statements, taken as a whole, are not prepared, in all material respects, in accordance with United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). ISRE 2400 (Revised) also requires us to comply with the ICAEW Code of Ethics and the FRC's Ethical Standard, as applicable.

Scope of the assurance review

A review of financial statements in accordance with ISRE 2400 (Revised) is a limited assurance engagement. We have performed additional procedures, primarily consisting of making enquiries of management and others within the entity, as appropriate, applying analytical procedures and evaluating the evidence obtained. The procedures performed in a review are substantially less than those performed in an audit conducted in accordance with International Standards on Auditing (UK). Accordingly, we do not express an audit opinion on these financial statements.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the financial statements have not been prepared:

-	so as to give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its profit for the year then ended;

-	in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	in accordance with the requirements of the Companies Act 2006.

Use of our report

This report is made solely to the company's directors, as a body, in accordance with our terms of engagement. Our review has been undertaken so that we might state to the directors those matters that we have agreed with them in a reviewer's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's directors as a body for our work, for this report, or for the conclusions we have formed.

Fairhurst Accountants Ltd

Chartered Accountants

Douglas Bank House

Wigan Lane

Wigan

Lancashire

WN1 2TB

24 October 2025