Mil-Ken Travel Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01716295

Mil-Ken Travel Limited

Unaudited financial statements

31 December 2025

Mil-Ken Travel Limited

Statement of financial position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		1,057,873		1,550,509

Current assets

Stocks		17,000	17,000
Debtors	6	649,542	628,530
Cash at bank and in hand		73,671	32,824
		---------	---------
		740,213	678,354

Creditors: Amounts falling due within one year	7	( 772,008)		( 1,204,963)
		---------		-----------
Net current liabilities			( 31,795)		( 526,609)
			-----------		-----------
Total assets less current liabilities			1,026,078		1,023,900

Creditors: Amounts falling due after more than one year	8		( 112,392)		( 100,906)

Provisions

Taxation including deferred tax	( 263,558)	( 366,905)
	-----------	-----------
Net assets	650,128	556,089
	-----------	-----------

Capital and reserves

Called up share capital	231,450	231,450
Profit and loss account	418,678	324,639
	---------	---------
Shareholders funds	650,128	556,089
	---------	---------

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 .

Mil-Ken Travel 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: 01716295

Mil-Ken Travel 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. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

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:

Coach fleet	-	Useful economic life of 20 years
Fixtures and fittings	-	20% straight line
Motor vehicles	-	25% 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 and hire purchase contracts 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 effective interest 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 62 (2024: 55 ).

5. Tangible assets

	Coach fleet	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 January 2025	3,605,755	243,586	29,497	3,878,838
Additions	–	5,100	10,000	15,100
Disposals	( 476,575)	–	–	( 476,575)
	-----------	---------	-------	-----------
At 31 December 2025	3,129,180	248,686	39,497	3,417,363
	-----------	---------	-------	-----------
Depreciation
At 1 January 2025	2,150,285	159,168	18,876	2,328,329
Charge for the year	185,562	24,989	4,749	215,300
Disposals	( 184,139)	–	–	( 184,139)
	-----------	---------	-------	-----------
At 31 December 2025	2,151,708	184,157	23,625	2,359,490
	-----------	---------	-------	-----------
Carrying amount
At 31 December 2025	977,472	64,529	15,872	1,057,873
	-----------	---------	-------	-----------
At 31 December 2024	1,455,470	84,418	10,621	1,550,509
	-----------	---------	-------	-----------

6. Debtors

	2025	2024
	£	£
Trade debtors	312,271	301,486
Amounts owed by group undertakings	2,570	–
Other debtors	334,701	327,044
	---------	---------
	649,542	628,530
	---------	---------

At the reporting date, the Company had an outstanding balance of £2,570 due from a group company. The balance is interest-free, unsecured, and repayable on demand.

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,834	10,000
Trade creditors	295,381	644,648
Amounts owed to group undertakings	119,794	204,446
Social security and other taxes	60,570	33,188
Other creditors	290,429	312,681
	---------	-----------
	772,008	1,204,963
	---------	-----------

The following liabilities disclosed under creditors falling due within one year are secured by the company: Hire purchase agreements - £106,184 (2024 - £146,471). Bank loan - £5,384 (2024 - £10,000). At the reporting date, the Company had an outstanding loan balance of £119,794 due to group companies. The loan is interest-free, unsecured, and repayable on demand.

8. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	5,833
Other creditors	112,392	95,073
	---------	---------
	112,392	100,906
	---------	---------

The following liabilities disclosed under creditors falling due after one year are secured by the company: Hire purchase agreements - £112,392 (2024 - £95,073). Bank loan - £Nil (2024 - £5,833).

9. Cross company guarantees

Mil-Ken Travel Limited has provided a cross company guarantee to secure the Hire Purchase balances of Neals Travel Limited and Miller Brothers Coaches Limited. The maximum amount secured under this arrangement is £1,172,209.

Mil-Ken Travel Limited has provided a cross company guarantee to secure the loan balance of Miller Brothers Coaches Limited. The maximum amount secured under this arrangement is £14,951.

10. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	10,300	22,800
	-------	-------