REGISTERED NUMBER: SC492190 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2025

FOR

BAY TRAVEL COACHES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Robertson

G Robertson

REGISTERED OFFICE:

Thistle House

Cartmore Industrial Estate

Lochgelly

Fife

KY5 8LL

REGISTERED NUMBER:

SC492190 (Scotland)

ACCOUNTANTS:

S&W Partners (Scotland) Limited

Cluny Court

John Smith Business Park

Kirkcaldy

Fife

KY2 6QJ

FIXED ASSETS

Tangible assets

4

4,402,557

4,228,622

CURRENT ASSETS

Stocks

52,504

50,520

Debtors

5

588,771

437,714

Cash at bank

535,321

426,041

1,176,596

914,275

CREDITORS

Amounts falling due within one year

6

(1,294,705

)

(1,011,976

)

NET CURRENT LIABILITIES

(118,109

)

(97,701

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,284,448

4,130,921

CREDITORS

Amounts falling due after more than one year

7

(2,135,160

)

(2,486,058

)

PROVISIONS FOR LIABILITIES

9

(758,340

)

(603,294

)

NET ASSETS

1,390,948

1,041,569

CAPITAL AND RESERVES

Called up share capital

50

50

Capital redemption reserve

50

50

Retained earnings

1,390,848

1,041,469

SHAREHOLDERS' FUNDS

1,390,948

1,041,569

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2026 and were signed on its behalf by:

I Robertson - Director

1.	STATUTORY INFORMATION

Bay Travel Coaches 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

TURNOVER

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax on coach hire and bus services.

Turnover is derived principally from the provision of transport services in Scotland. Revenue is recognised upon the delivery of the service to the customer with reference to the stage of completion of travel provided under contractual terms and when relevant shown net of refunds.

Government grants are recognised where there is reasonable assurance that the grant will be received and Bay Travel Limited will comply with all attached conditions.Grants relating to costs are deferred and recognised in the income statement over the period necessary to match them with the costs they are intended to compensate. Grants relating to purchase of fixed assets are deducted from the initial purchase price. The grant is recognised as income over the life of a depreciable asset by way of a reduced depreciation charge.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% per annum reducing balance

Motor vehicles

-

25% per annum reducing balance, 20% per annum reducing balance and 15% per annum reducing balance

Computer equipment

-

33% per annum on cost

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

STOCKS

Stocks are stated at the lower of cost and estimated selling price.

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.

HIRE PURCHASE AND LEASING COMMITMENTS

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 90 (2024 - 80 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 December 2024

127,425

4,955,893

5,472

5,088,790

Additions

35,339

776,942

2,651

814,932

Disposals

-

(449,500

)

-

(449,500

)

At 30 November 2025

162,764

5,283,335

8,123

5,454,222

DEPRECIATION

At 1 December 2024

71,480

784,755

3,933

860,168

Charge for year

13,768

206,435

802

221,005

Eliminated on disposal

-

(29,508

)

-

(29,508

)

At 30 November 2025

85,248

961,682

4,735

1,051,665

NET BOOK VALUE

At 30 November 2025

77,516

4,321,653

3,388

4,402,557

At 30 November 2024

55,945

4,171,138

1,539

4,228,622

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 December 2024

4,104,477

Additions

756,942

Disposals

(449,500

)

At 30 November 2025

4,411,919

DEPRECIATION

At 1 December 2024

919,006

Charge for year

203,217

Eliminated on disposal

(29,508

)

At 30 November 2025

1,092,715

NET BOOK VALUE

At 30 November 2025

3,319,204

At 30 November 2024

3,185,471

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

218,489

174,708

Other debtors

370,282

263,006

588,771

437,714

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,834

10,000

Hire purchase contracts

901,868

740,277

Trade creditors

227,906

198,544

Taxation and social security

61,649

49,145

Other creditors

97,448

14,010

1,294,705

1,011,976

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

5,834

Hire purchase contracts

2,135,160

2,480,224

2,135,160

2,486,058

8.	SECURED DEBTS

The bank hold a floating charge over all the property or undertaking of the company.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

758,340

603,294

Deferred

tax

£

Balance at 1 December 2024

603,294

Provided during year

155,046

Balance at 30 November 2025

758,340

The provision for deferred taxation is made up of accelerated capital allowances.

10.	OTHER FINANCIAL COMMITMENTS

The company had total commitments under a non-cancellable operating lease totalling £7,744 (2024: £7,744)

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2025 and 30 November 2024:

2025

2024

£

£

I Robertson

Balance outstanding at start of year

55,754

41,061

Amounts advanced

-

65,468

Amounts repaid

(8,377

)

(50,775

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

47,377

55,754

Included in 'Other Debtors' is an amount of £47,377 (2024 - £55,754) due from the directors to the company. There is no fixed term for repayment. Where the overdrawn balance exceeds £10,000 an interest charge of 2.25% (3.75% after 6 Apr 2025) is applied to the overdrawn balance. The loan accounts were cleared post year end.