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Company No: 02847296 (England and Wales)

# ALANSWAY COACHES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 October 2025
Pages for filing with the registrar

ALANSWAY COACHES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 October 2025

Contents

ALANSWAY COACHES LIMITED

## BALANCE SHEET

As at 31 October 2025
ALANSWAY COACHES LIMITED

## BALANCE SHEET (continued)

As at 31 October 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 2,087,274 |  | 1,747,488
|  | 2,087,274 |  | 1,747,488
Current assets |  |  |  |
Stocks |  | 11,000 |  | 11,000
Debtors | 4 | 170,419 |  | 184,574
Cash at bank and in hand |  | 243,072 |  | 386,148
|  | 424,491 |  | 581,722
Creditors: amounts falling due within one year | 5 | ( 537,805) |  | ( 422,661)
Net current (liabilities)/assets |  | (113,314) |  | 159,061
Total assets less current liabilities |  | 1,973,960 |  | 1,906,549
Creditors: amounts falling due after more than one year | 6 | ( 222,059) |  | ( 251,826)
Provision for liabilities |  | ( 463,431) |  | ( 342,290)
Net assets |  | 1,288,470 |  | 1,312,433
Capital and reserves |  |  |  |
Called-up share capital | 7 | 20,000 |  | 20,000
Profit and loss account |  | 1,268,470 |  | 1,292,433
Total shareholders' funds |  | 1,288,470 |  | 1,312,433

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Alansway Coaches Limited (registered number: 02847296) were approved and authorised for issue by the Board of Directors on 13 March 2026. They were signed on its behalf by:

Mrs A L Ellison Director |

ALANSWAY COACHES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025
ALANSWAY COACHES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Alansway Coaches Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England & Wales. The address of the Company's registered office is King Charles Business Park, Old Newton Road, Heathfield, Newton Abbot, TQ12 6UT.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The financial statements have been prepared on a going concern basis. The directors have reviewed the company’s cash flow forecasts and funding requirements for a period of at least 12 months from the date of approval of these financial statements. Based on these forecasts, the directors expects the company to generate sufficient cash flows from its operations and available funding sources to meet its obligations as they fall due. Accordingly, the directors considers it appropriate to prepare the financial statements on a going concern basis.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax.
The company recognises revenue when services are provided.

##### Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings | 50 years straight line
Plant and machinery | 6 - 7 years straight line
Vehicles | 2 - 13 years straight line
Office equipment | 6 - 7 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, are measured at transaction price less any impairment.
Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, are measured at transaction price.
Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

##### Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 66 |  | 54

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 November 2024 | 515,636 |  | 274,683 |  | 2,154,880 |  | 110,852 |  | 3,056,051
Additions | 9,389 |  | 113,654 |  | 535,346 |  | 24,045 |  | 682,434
Disposals | 0 |  | 0 |  | ( 209,950) |  | 0 |  | ( 209,950)
At 31 October 2025 | 525,025 |  | 388,337 |  | 2,480,276 |  | 134,897 |  | 3,528,535
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 November 2024 | 96,656 |  | 234,729 |  | 876,609 |  | 100,569 |  | 1,308,563
Charge for the financial year | 5,473 |  | 26,494 |  | 257,074 |  | 5,447 |  | 294,488
Disposals | 0 |  | 0 |  | ( 161,790) |  | 0 |  | ( 161,790)
At 31 October 2025 | 102,129 |  | 261,223 |  | 971,893 |  | 106,016 |  | 1,441,261
Net book value |  |  |  |  |  |  |  |  |
At 31 October 2025 | 422,896 |  | 127,114 |  | 1,508,383 |  | 28,881 |  | 2,087,274
At 31 October 2024 | 418,980 |  | 39,954 |  | 1,278,271 |  | 10,283 |  | 1,747,488
Leased assets included above: |  |  |  |  |  |  |  |  |
Net book value |  |  |  |  |  |  |  |  |
At 31 October 2025 | 0 |  | 11,631 |  | 1,026,243 |  | 0 |  | 1,037,874
At 31 October 2024 | 0 |  | 14,804 |  | 600,040 |  | 0 |  | 614,844

Included within the net book value of land and buildings above is £460,211 (2024 - £418,980) in respect of freehold land and buildings.

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 19,115 |  | 42,175
Corporation tax | 37,059 |  | 0
Other debtors | 114,245 |  | 142,399
| 170,419 |  | 184,574

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 41,094 |  | 0
Amounts owed to Group undertakings | 25,000 |  | 0
Corporation tax | 0 |  | 67,525
Other taxation and social security | 39,762 |  | 32,365
Obligations under finance leases and hire purchase contracts | 314,768 |  | 276,687
Other creditors | 117,181 |  | 46,084
| 537,805 |  | 422,661

#### 6. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 222,059 |  | 251,826

#### 7. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
2,000 C ordinary shares of £ 1.00 each | 2,000 |  | 2,000
2,000 D ordinary shares of £ 1.00 each | 2,000 |  | 2,000
10,200 A ordinary shares of £ 1.00 each | 10,200 |  | 10,200
4,800 B ordinary shares of £ 1.00 each | 4,800 |  | 4,800
250 E ordinary shares of £ 1.00 each | 250 |  | 250
250 F ordinary shares of £ 1.00 each | 250 |  | 250
250 G ordinary shares of £ 1.00 each | 250 |  | 250
250 H ordinary shares of £ 1.00 each | 250 |  | 250
| 20,000 |  | 20,000

#### 8. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 |  | 2024
| £ |  | £
within one year | 50,535 |  | 34,675
between one and five years | 56,506 |  | 60,681
Total future minimum lease payments under non-cancellable operating leases | 107,041 |  | 95,356

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Advances to directors b/fwd | 8,976 |  | 14,176
Add : Advances made during the year | 196,289 |  | 9,000
Less : Repayments during the year | (173,826) |  | (14,200)
Balance carried forward | 31,439 |  | 8,976

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Management charges received from associated companies. | 23,297 |  | 23,232