Company No: 05104702 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	2,405,131		2,504,972
		2,405,131		2,504,972
Current assets
Debtors	4	601,655		422,150
Cash at bank and in hand		452,898		463,800
		1,054,553		885,950
Creditors: amounts falling due within one year	5	( 760,500)		( 829,781)
Net current assets		294,053		56,169
Total assets less current liabilities		2,699,184		2,561,141
Creditors: amounts falling due after more than one year	6	( 1,100,090)		( 1,194,429)
Provision for liabilities		( 566,754)		( 611,223)
Net assets		1,032,340		755,489
Capital and reserves
Called-up share capital		1,000		1,000
Share premium account		29,800		29,800
Profit and loss account		1,001,540		724,689
Total shareholder's funds		1,032,340		755,489

For the financial 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 member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Bayliss Executive Travel Limited (registered number: 05104702) were approved and authorised for issue by the Board of Directors on 10 August 2026. They were signed on its behalf by:

A R Bayliss Director

1. Accounting policies

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

General information and basis of accounting

Bayliss Executive Travel Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Old Tilmanstone Colliery Pike Road, Eythorne, Dover, CT15 4ND, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
- the amount of revenue can be reliably measured:
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company’s activities.

Taxation

Current tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible asset are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Vehicles	10 years straight line
Fixtures and fittings	4 years straight line
Other property, plant and equipment	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Trade and other debtors

Trade and other debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, except where the effect of discounting would be immaterial. In such cases debtors are stated at transaction price less impairment losses. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the transaction.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	41		42

3. Tangible assets

	Vehicles		Fixtures and fittings		Other property, plant and equipment		Total
	£		£		£		£
Cost
At 01 January 2025	3,439,529		248,608		230,791		3,918,928
Additions	300,000		22,369		89,115		411,484
Disposals	0		( 3,097)		( 81,172)		( 84,269)
At 31 December 2025	3,739,529		267,880		238,734		4,246,143
Accumulated depreciation
At 01 January 2025	1,185,703		152,615		75,638		1,413,956
Charge for the financial year	373,953		29,475		45,848		449,276
Disposals	0		( 1,927)		( 20,293)		( 22,220)
At 31 December 2025	1,559,656		180,163		101,193		1,841,012
Net book value
At 31 December 2025	2,179,873		87,717		137,541		2,405,131
At 31 December 2024	2,253,826		95,993		155,153		2,504,972

4. Debtors

	2025		2024
	£		£
Trade debtors	292,505		262,815
Other debtors	309,150		159,335
	601,655		422,150

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	31,100		62,200
Trade creditors	165,810		94,100
Taxation and social security	34,179		17,597
Obligations under finance leases and hire purchase contracts (secured)	425,531		522,776
Other creditors	103,880		133,108
	760,500		829,781

Obligations under finance leases and hire purchase contracts due within one year of £425,531 (2024 - £522,776) are
secured over the assets to which they relate.
Bank loans due within one year of £31,100 (2024 - £62,200) are secured by way of a fixed and floating charge over the
company's assets.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	0		31,100
Obligations under finance leases and hire purchase contracts (secured)	1,100,090		1,163,329
	1,100,090		1,194,429

Obligations under finance leases and hire purchase contracts due within one year of £1,100,090 (2024 - £1,163,329) are secured over the assets to which they relate.

7. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts receivable from key management	128,054		54,111

During the year, the company made advances totalling £74,380 (2024- £66,961) and received repayments totalling £437 (2024 - £99,026).

This amount is provided interest free , without security and repayable on demand.

Summary of transactions with other related parties

The accounts include £13,025 due from a company under common control (2024 - £4,640). This amount is provided interest free and without security and repayable on demand.