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Company No: 06445699 (England and Wales)

# REDWOODS TRAVEL LTD

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

REDWOODS TRAVEL LTD

## Unaudited Financial Statements

For the financial year ended 31 December 2025

Contents

REDWOODS TRAVEL LTD

## BALANCE SHEET

As at 31 December 2025
REDWOODS TRAVEL LTD

## BALANCE SHEET (continued)

As at 31 December 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 1 |  | 1
Tangible assets | 4 | 684,504 |  | 719,091
|  | 684,505 |  | 719,092
Current assets |  |  |  |
Stocks |  | 8,500 |  | 8,000
Debtors | 5 | 504,319 |  | 496,326
Cash at bank and in hand |  | 295,790 |  | 405,212
|  | 808,609 |  | 909,538
Creditors: amounts falling due within one year | 6 | ( 159,804) |  | ( 290,313)
Net current assets |  | 648,805 |  | 619,225
Total assets less current liabilities |  | 1,333,310 |  | 1,338,317
Provision for liabilities |  | ( 167,567) |  | ( 176,051)
Net assets |  | 1,165,743 |  | 1,162,266
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 1,165,643 |  | 1,162,166
Total shareholder's funds |  | 1,165,743 |  | 1,162,266

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

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Profit and Loss Account has not been delivered.

The financial statements of Redwoods Travel Ltd (registered number: 06445699) were approved and authorised for issue by the Director on 14 May 2026. They were signed on its behalf by:

M J Redwood Director |

REDWOODS TRAVEL LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2025
REDWOODS TRAVEL LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Redwoods Travel Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include 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 £.

##### Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of coach and bus services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

##### 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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
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 tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 10 years straight line

###### Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 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 on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements | 50 years straight line
Plant and machinery | 20 % reducing balance
Vehicles | 20 % reducing balance
Fixtures and fittings | 20 % reducing balance

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.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### 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 includes materials held on site. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### 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.

Loans and borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Assets held under hire purchase agreements are capitalised as tangible fixed assets with the future obligation being recognised as a liability. Finance costs are recognised in the Profit and Loss Account calculated at a constant periodic rate of interest over the term of the liability.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 16 |  | 16

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 January 2025 | 40,000 |  | 40,000
At 31 December 2025 | 40,000 |  | 40,000
Accumulated amortisation |  |  |
At 01 January 2025 | 39,999 |  | 39,999
At 31 December 2025 | 39,999 |  | 39,999
Net book value |  |  |
At 31 December 2025 | 1 |  | 1
At 31 December 2024 | 1 |  | 1

#### 4. Tangible assets

| Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 January 2025 | 22,971 |  | 78,691 |  | 2,219,555 |  | 28,783 |  | 2,350,000
Additions | 0 |  | 0 |  | 110,000 |  | 0 |  | 110,000
Disposals | 0 |  | 0 |  | ( 88,000) |  | 0 |  | ( 88,000)
At 31 December 2025 | 22,971 |  | 78,691 |  | 2,241,555 |  | 28,783 |  | 2,372,000
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 January 2025 | 916 |  | 57,145 |  | 1,552,665 |  | 20,183 |  | 1,630,909
Charge for the financial year | 459 |  | 4,310 |  | 135,621 |  | 1,720 |  | 142,110
Disposals | 0 |  | 0 |  | ( 85,523) |  | 0 |  | ( 85,523)
At 31 December 2025 | 1,375 |  | 61,455 |  | 1,602,763 |  | 21,903 |  | 1,687,496
Net book value |  |  |  |  |  |  |  |  |
At 31 December 2025 | 21,596 |  | 17,236 |  | 638,792 |  | 6,880 |  | 684,504
At 31 December 2024 | 22,055 |  | 21,546 |  | 666,890 |  | 8,600 |  | 719,091

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 147,709 |  | 64,856
Amounts owed by Group undertakings | 299,169 |  | 318,466
Other debtors | 57,441 |  | 113,004
| 504,319 |  | 496,326

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 36,213 |  | 73,826
Taxation and social security | 56,807 |  | 172,486
Other creditors | 66,784 |  | 44,001
| 159,804 |  | 290,313

#### 7. Related party transactions

Transactions with the entity's director

The director's loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates
At 1 January 2025, the balance owed by the director was £nil. During the year, £12,394 was advanced to the directors, and £12,394 was repaid by the director. The balance owed to the company by the director at 31 December 2025 was £nil.
At 1 January 2024, the balance owed by the director was £nil. During the year, £50,929 was advanced to the director, and £50,929 was repaid by the director. The balance owed to the company by the director at 31 December 2024 was £nil.