REGISTERED NUMBER: SC061066 (Scotland)

Unaudited Financial Statements for the Year Ended 30 September 2025

for

Glen Travel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D D Glen

A J Glen

D K Glen

SECRETARY:

D D Glen

REGISTERED OFFICE:

227 Glasgow Road

Blantyre

Glasgow

G72 0YS

REGISTERED NUMBER:

SC061066 (Scotland)

ACCOUNTANTS:

McLay McAlister & McGibbon LLP

Chartered Accountants

145 St Vincent Street

Glasgow

G2 5JF

FIXED ASSETS

Intangible assets

4

42,346

27,460

Tangible assets

5

41,278

57,027

83,624

84,487

CURRENT ASSETS

Debtors

6

194,422

159,461

Investments

7

311,143

147,598

Cash at bank and in hand

514,334

807,830

1,019,899

1,114,889

CREDITORS

Amounts falling due within one year

8

(609,861

)

(775,520

)

NET CURRENT ASSETS

410,038

339,369

TOTAL ASSETS LESS CURRENT LIABILITIES

493,662

423,856

CREDITORS

Amounts falling due after more than one year

9

-

(59,882

)

PROVISIONS FOR LIABILITIES

12

(35,093

)

(18,260

)

NET ASSETS

458,569

345,714

CAPITAL AND RESERVES

Called up share capital

60,000

60,000

Fair value reserve

13

60,066

12,012

Retained earnings

338,503

273,702

SHAREHOLDERS' FUNDS

458,569

345,714

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 27 February 2026 and were signed on its behalf by:

A J Glen - Director

1.	STATUTORY INFORMATION

Glen 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

Amortisation is provided on the following basis:

Computer Software - 15% on reducing balance

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

33% on reducing balance and 25% on reducing balance

The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

Financial instruments

Debtors

Trade debtors and other debtors are recognised at the settlement amount due with appropriate allowances for any irrecoverable amounts when there is objective evidence the asset is impaired.

Cash and cash equivalents

Cash and cash equivalent in the balance sheet comprise cash in hand and bank overdrafts. In the balance sheet bank overdrafts are shown in creditors amounts falling due within one year.

Creditors

Trade creditors and other creditors are recognised where the company has a present obligation resulting from a past event and are recognised at the settlement amount due after allowing for any trade discounts due

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 October 2024

63,926

Additions

22,360

At 30 September 2025

86,286

AMORTISATION

At 1 October 2024

36,466

Charge for year

7,474

At 30 September 2025

43,940

NET BOOK VALUE

At 30 September 2025

42,346

At 30 September 2024

27,460

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2024

358,506

Additions

2,299

At 30 September 2025

360,805

DEPRECIATION

At 1 October 2024

301,479

Charge for year

18,048

At 30 September 2025

319,527

NET BOOK VALUE

At 30 September 2025

41,278

At 30 September 2024

57,027

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

65,379

56,176

Other debtors

129,043

103,285

194,422

159,461

7.	CURRENT ASSET INVESTMENTS

30.9.25

30.9.24

£

£

Unlisted investments

311,143

147,598

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade creditors

492,977

529,284

Taxation and social security

36,243

46,220

Other creditors

80,641

200,016

609,861

775,520

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Other creditors

-

59,882

10.

LOANS

An analysis of the maturity of loans is given below:

30.9.25

30.9.24

£

£

Amounts falling due within one year or on demand:

Other loans

3,973

58,927

Amounts falling due between two and five years:

Other loans - 2-5 years

-

59,882

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

30.9.25

30.9.24

£

£

Within one year

28,000

28,000

Between one and five years

140,000

140,000

In more than five years

37,333

65,333

205,333

233,333

12.	PROVISIONS FOR LIABILITIES

30.9.25

30.9.24

£

£

Deferred tax

35,093

18,260

Deferred

tax

£

Balance at 1 October 2024

18,260

Provided during year

16,833

Balance at 30 September 2025

35,093

13.

RESERVES

Fair

value

reserve

£

At 1 October 2024

12,012

Fair value

68,075

Deferred tax

(20,021

)

At 30 September 2025

60,066

14.	RELATED PARTY TRANSACTIONS

During the year there was rent of £28,000 ( 2024: £28,000) paid to Glen Travel shareholders pension scheme

Included in other debtors is a balance of £24,675 (2024: £14,000) due by Glentek Holdings Ltd, a company with similar Directors and Shareholders.

15.	BILLING & SETTLEMENT PLAN UK

The balance owed to BSP at 30 September 2025 was £119,170 (2024:£103,157)