Angel Executive Travel Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 11843297

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		2,118,321		2,144,642

			2,118,321		2,144,642
CURRENT ASSETS
Debtors	6	317,904		319,334
Cash at bank and in hand		51,313		42,212

		369,217		361,546
Creditors: Amounts Falling Due Within One Year	7	(667,300 )		(924,230 )

NET CURRENT ASSETS (LIABILITIES)			(298,083 )		(562,684 )

TOTAL ASSETS LESS CURRENT LIABILITIES			1,820,238		1,581,958

Creditors: Amounts Falling Due After More Than One Year	8		(579,795 )		(404,843 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(322,160 )		(291,755 )

NET ASSETS			918,283		885,360

CAPITAL AND RESERVES
Called up share capital	10		1,100,100		1,100,100
Profit and Loss Account			(181,817 )		(214,740 )

SHAREHOLDERS' FUNDS			918,283		885,360

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Angel Executive Travel Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mrs Helen Hulme Director	Mr Stuart Warwick Director
14/09/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Angel Executive Travel Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11843297 . The registered office is Unit 35, Binders Industrial Estate, Cryers Hill, High Wycombe, Buckinghamshire, HP15 6LJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the provision of coach hire services and coach related maintenance services. Turnover is reduced for estimated customer refunds, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 5 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20 years straight line
Fixtures & Fittings	5 years staight line
Computer Equipment	5 years staight line

Plant and machinery includes coaches used to generate income. Most of the coaches were brought in from a sole trader business where the coaches were depreciation over 10 years straight line.

2.5. Leasing and Hire Purchase Contracts

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Angel Executive Travel Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2025: 13)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	702,755

As at 31 March 2026	702,755

Amortisation
As at 1 April 2025	702,755

As at 31 March 2026	702,755

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	2,639,109	3,075	9,241	2,651,425
Additions	320,828	2,930	4,703	328,461
Disposals	(269,395 )	-	(2,613 )	(272,008 )

As at 31 March 2026	2,690,542	6,005	11,331	2,707,878

Depreciation
As at 1 April 2025	500,041	2,568	4,174	506,783
Provided during the period	134,542	1,093	2,063	137,698
Disposals	(53,879 )	-	(1,045 )	(54,924 )

As at 31 March 2026	580,704	3,661	5,192	589,557

Net Book Value
As at 31 March 2026	2,109,838	2,344	6,139	2,118,321

As at 1 April 2025	2,139,068	507	5,067	2,144,642

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Angel Executive Travel Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Plant & Machinery	1,313,316	1,407,793

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	156,134	175,651
Prepayments and accrued income	61,095	72,481
Other debtors	21,982	17,092
VAT debtor	78,693	54,110

	317,904	319,334

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	424,044	617,916
Trade creditors	47,823	92,530
Bank loans and overdrafts	-	11,111
Total taxes and social security	18,772	19,009
Other creditors	31,846	33,534
Accruals and deferred income	17,221	41,545
Directors' loan accounts	127,594	108,585

	667,300	924,230

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	579,795	402,991
Bank loans	-	1,852

	579,795	404,843

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	424,044	617,916
Later than one year and not later than five years	579,795	402,991

	1,003,839	1,020,907

	1,003,839	1,020,907

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Angel Executive Travel Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

10. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	1,100,100	1,100,100

11. Other Commitments

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

	2026	2025
	£	£
Not later than one year	37,572	36,750

	37,572	36,750

12. Directors Advances, Credits and Guarantees

Amounts owed under hire purchase are personally guaranteed by a director.

13. Related Party Transactions

At year end, one director was owed £55,895 (2025: £46,886) and another director was owed £71,699 (2025: £61,699). No interest has been charged, these amounts are repayable on demand and are unsecured.

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