REGISTERED NUMBER: SC163310 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

McColl's Travel Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

W McColl

SECRETARY:

Mrs S A McColl

REGISTERED OFFICE:

Block 4C

Vale Of Leven Industrial Estate

Dumbarton

G82 3PD

REGISTERED NUMBER:

SC163310 (Scotland)

ACCOUNTANTS:

Bell Barr & Company

Chartered Accountants

2 Stewart Street

Milngavie

Glasgow

G62 6BW

FIXED ASSETS

Tangible assets

4

1,295,586

1,018,849

CURRENT ASSETS

Debtors

5

178,448

262,342

Cash at bank and in hand

174,355

157,481

352,803

419,823

CREDITORS

Amounts falling due within one year

6

954,323

677,278

NET CURRENT LIABILITIES

(601,520

)

(257,455

)

TOTAL ASSETS LESS CURRENT LIABILITIES

694,066

761,394

CREDITORS

Amounts falling due after more than one year

7

804,862

823,675

NET LIABILITIES

(110,796

)

(62,281

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(110,799

)

(62,284

)

SHAREHOLDERS' FUNDS

(110,796

)

(62,281

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 June 2026 and were signed by:

W McColl - Director

1.	STATUTORY INFORMATION

McColl's 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.

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.

The directors have reviewed the company's operating costs for the next twelve months, and the sources of funds available, and are satisfied that the company is a going concern.

Turnover

Turnover represents gross revenue earned for road passenger transport together with amounts receivable for other services supplied in the ordinary course of business, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

10% on reducing balance

Commercial vehicles

-

15% on reducing balance and 10% on cost

Computer equipment

-

33% on reducing balance

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Cash at bank

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Commercial

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2024

188,045

5,422

1,429,814

69,503

1,692,784

Additions

7,185

-

452,175

7,326

466,686

Disposals

-

-

(22,690

)

-

(22,690

)

At 31 May 2025

195,230

5,422

1,859,299

76,829

2,136,780

DEPRECIATION

At 1 June 2024

90,031

3,462

516,643

63,799

673,935

Charge for year

10,520

392

160,803

4,300

176,015

Eliminated on disposal

-

-

(8,756

)

-

(8,756

)

At 31 May 2025

100,551

3,854

668,690

68,099

841,194

NET BOOK VALUE

At 31 May 2025

94,679

1,568

1,190,609

8,730

1,295,586

At 31 May 2024

98,014

1,960

913,171

5,704

1,018,849

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

29,424

8,699

Other debtors

149,024

253,643

178,448

262,342

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

5,556

5,556

Hire purchase contracts

279,753

221,027

Trade creditors

308,470

375,932

Taxation and social security

254,825

2,679

Other creditors

105,719

72,084

954,323

677,278

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

22,222

27,778

Hire purchase contracts

563,182

575,897

Other creditors

219,458

220,000

804,862

823,675

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.5.25

31.5.24

£

£

W McColl

Balance outstanding at start of year

26,073

12,217

Amounts advanced

-

13,856

Amounts repaid

(26,073

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

26,073