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COMPANY REGISTRATION NUMBER: 08771400

Miller Brothers Coaches Limited

Unaudited financial statements

31 December 2025

Miller Brothers Coaches Limited

Statement of financial position

31 December 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 2,283,988 |  | 1,379,690

Current assets

Stocks | 13,750 |  | 13,250 |
Debtors | 6 | 384,412 |  | 137,658 |
Cash at bank and in hand | 32,052 |  | 306,796 |
| --------- |  | --------- |
| 430,214 |  | 457,704 |

Creditors: Amounts falling due within one year | 7 | ( 662,754) |  | ( 478,035) |
| --------- |  | --------- |
Net current liabilities |  | ( 232,540) |  | ( 20,331)
|  | ----------- |  | -----------
Total assets less current liabilities |  | 2,051,448 |  | 1,359,359

Creditors: Amounts falling due after more than one year | 8 |  | ( 1,160,760) |  | ( 565,989)

Provisions

Taxation including deferred tax |  | ( 512,817) |  | ( 298,932)
|  | ----------- |  | -----------
Net assets |  | 377,871 |  | 494,438
|  | ----------- |  | -----------

Capital and reserves

Called up share capital |  | 5 |  | 5
Profit and loss account |  | 377,866 |  | 494,433
|  | --------- |  | ---------
Shareholders funds |  | 377,871 |  | 494,438
|  | --------- |  | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the 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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Miller Brothers Coaches Limited

Statement of financial position (continued)

31 December 2025
These financial statements were approved by the board of directors and authorised for issue on 29 June 2026 , and are signed on behalf of the board by:

Jon M Miller
Director

Company registration number: 08771400

Miller Brothers Coaches Limited

Notes to the financial statements

Year ended 31 December 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 11 Lynn Road, Littleport, Ely, Cambridgeshire, CB6 1QG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Revenue from the sale of services is recognised when the service has been satisfactorily provided, the amount can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Short leasehold property | - | 20% straight line
| Plant and machinery | - | 20% straight line
| Coach fleet | - | Useful economic life of 20 years
| Equipment | - | 20% straight line

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the straight line method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Financial instruments
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of employees during the year was 46 (2024: 37 ).
5. Tangible assets

| Short leasehold property | Plant and machinery | Coach fleet | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 January 2025 | 6,364 | 62,638 | 1,888,689 | 23,625 | 1,981,316
Additions | – | 6,577 | 1,232,709 | 221 | 1,239,507
Disposals | – | – | ( 149,288) | – | ( 149,288)
| ------ | ------- | ----------- | ------- | -----------
At 31 December 2025 | 6,364 | 69,215 | 2,972,110 | 23,846 | 3,071,535
| ------ | ------- | ----------- | ------- | -----------
Depreciation |  |  |  |  |
At 1 January 2025 | 6,364 | 7,254 | 568,864 | 19,144 | 601,626
Charge for the year | – | 13,116 | 228,423 | 2,568 | 244,107
Disposals | – | – | ( 58,186) | – | ( 58,186)
| ------ | ------- | ----------- | ------- | -----------
At 31 December 2025 | 6,364 | 20,370 | 739,101 | 21,712 | 787,547
| ------ | ------- | ----------- | ------- | -----------
Carrying amount |  |  |  |  |
At 31 December 2025 | – | 48,845 | 2,233,009 | 2,134 | 2,283,988
| ------ | ------- | ----------- | ------- | -----------
At 31 December 2024 | – | 55,384 | 1,319,825 | 4,481 | 1,379,690
| ------ | ------- | ----------- | ------- | -----------

6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 198,236 | 75,179
Amounts owed by group undertakings | 166,807 | –
Other debtors | 19,369 | 62,479
| --------- | ---------
| 384,412 | 137,658
| --------- | ---------

At the reporting date, the Company had an outstanding balance of £166,807 due from group companies. The balance is interest-free, unsecured, and repayable on demand.
7. Creditors: Amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 14,951
Trade creditors | 121,214 | 153,464
Social security and other taxes | 28,525 | 19,999
Other creditors | 513,015 | 289,621
| --------- | ---------
| 662,754 | 478,035
| --------- | ---------

The following liabilities disclosed under creditors falling due within one year are secured by the company: Hire purchase agreements - £454,425 (2024 - £244,312). Bank loan - £Nil (2024 - £14,951). Mil-Ken Travel Limited has provided a cross company guarantee to secure the Hire Purchase of Miller Brothers Coaches limited. The maximum amount secured under this arrangement is £454,425.
8. Creditors: Amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | 1,160,760 | 565,989
| ----------- | ---------

The following liabilities disclosed under creditors falling due after one year are secured by the company: Hire purchase agreements - £1,160,760 (2024 - £565,989). Mil-Ken Travel Limited has provided a cross company guarantee to secure the Hire Purchase of Miller Brothers Coaches limited. The maximum amount secured under this arrangement is £1,160,760.
9. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 15,900 | 15,900
| ------- | -------

10. Directors' advances, credits and guarantees
Included within debtors at the year end is a directors loan account of £Nil (2024: £54). The maximum overdrawn balance during the year was £54.