REGISTERED NUMBER: 11601435 (England and Wales)

Unaudited Financial Statements

For The Year Ended 31 October 2025

for

Greenslades Tours (Exeter) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A G Gray

REGISTERED OFFICE:

Unit 19 Greendale Business Park

Woodbury Salterton

Exeter

Devon

EX5 1EW

REGISTERED NUMBER:

11601435 (England and Wales)

FIXED ASSETS

Intangible assets

4

15,660

20,879

Tangible assets

5

943,855

564,813

959,515

585,692

CURRENT ASSETS

Debtors

6

295,873

143,021

Cash at bank and in hand

63,726

45,441

359,599

188,462

CREDITORS

Amounts falling due within one year

7

1,155,586

1,039,144

NET CURRENT LIABILITIES

(795,987

)

(850,682

)

TOTAL ASSETS LESS CURRENT LIABILITIES

163,528

(264,990

)

CREDITORS

Amounts falling due after more than one year

8

275,652

20,850

NET LIABILITIES

(112,124

)

(285,840

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(112,224

)

(285,940

)

(112,124

)

(285,840

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 July 2026 and were signed by:

A G Gray - Director

1.	STATUTORY INFORMATION

Greenslades Tours (Exeter) Ltd is a private company, limited by shares , registered in England and Wales. 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 company continues to be in a net liabilities position. This includes loans of £332,566 (2024: £471,984) from the director which is included in current liabilities. The company continues to have the support of the director. Due to this the director believes that the going concern basis is still appropriate.

Turnover

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

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 etc

-

25% on cost and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

52,198

AMORTISATION

At 1 November 2024

31,319

Charge for year

5,219

At 31 October 2025

36,538

NET BOOK VALUE

At 31 October 2025

15,660

At 31 October 2024

20,879

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

1,217,868

Additions

599,858

Disposals

(128,168

)

At 31 October 2025

1,689,558

DEPRECIATION

At 1 November 2024

653,055

Charge for year

117,476

Eliminated on disposal

(24,828

)

At 31 October 2025

745,703

NET BOOK VALUE

At 31 October 2025

943,855

At 31 October 2024

564,813

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

50,160

41,192

Other debtors

245,713

101,829

295,873

143,021

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

4,563

29,105

Hire purchase contracts (see note 9)

111,923

23,355

Trade creditors

240,955

171,530

Taxation and social security

138,956

19,097

Other creditors

659,189

796,057

1,155,586

1,039,144

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans

15,964

20,850

Hire purchase contracts (see note 9)

259,688

-

275,652

20,850

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.10.25

31.10.24

£

£

Net obligations repayable:

Within one year

111,923

23,355

Between one and five years

259,688

-

371,611

23,355

Non-cancellable

operating leases

31.10.25

31.10.24

£

£

Within one year

298,519

8,606

Between one and five years

948,612

331,891

1,247,131

340,497