REGISTERED NUMBER: 04387642 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2026

FOR

MINIBUS TRAVEL SERVICES LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A.M. Stannard

REGISTERED OFFICE:

Second Floor Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

REGISTERED NUMBER:

04387642 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Horsham) Limited

Ridgeland House

15 Carfax

Horsham

West Sussex

RH12 1ER

FIXED ASSETS

Tangible assets

3

100,732

105,376

CURRENT ASSETS

Debtors

4

1,320,980

1,861,725

Cash at bank and in hand

5,680,069

4,795,759

7,001,049

6,657,484

CREDITORS

Amounts falling due within one year

5

(158,455

)

(535,632

)

NET CURRENT ASSETS

6,842,594

6,121,852

TOTAL ASSETS LESS CURRENT LIABILITIES

6,943,326

6,227,228

PROVISIONS FOR LIABILITIES

(25,183

)

(26,088

)

NET ASSETS

6,918,143

6,201,140

CAPITAL AND RESERVES

Called up share capital

49,980

49,980

Retained earnings

6,868,163

6,151,160

SHAREHOLDERS' FUNDS

6,918,143

6,201,140

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2026 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 30 October 2026 and were signed by:

A.M. Stannard - Director

1.	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.

Turnover

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

The company works exclusively for local councils to provide specialist transportation services for students requiring additional services and assistance from their transportation provider.

Turnover is recognised under pre agreed rates when the company has met the performance obligations necessary to be entitled to invoice the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Financial instruments

Basic financial assets

Basic financial assets, which include debtors and cash and cash equivalents, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost, using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Amortised cost is determined as being the transaction price less any amounts settled and any impairment losses. Financial assets classified as receivable within one year are not amortised.

A provision for impairment of debtors is established when there is objective evidence that the amounts due will not be collected according to the original terms of the contract. Impairment losses are recognised in profit or loss for the excess of the carrying value of the trade debtor over the present value of the future cash flows discounted using the original effective interest rate. Subsequent reversals of an impairment loss that objectively relate to an event occurring after the impairment loss was recognised, are recognised immediately in profit or loss.

Basic financial liabilities

Basic financial liabilities, including trade, group and other creditors (including accruals) payable are initially measured at the transaction price and subsequently measured at amortised cost unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as receivable within one year are not amortised.

Debt instruments are carried at amortised cost using the effective interest rate method.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 78 (2025 - 84 ) .

3.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1 May 2025

40,219

413,947

454,166

Additions

4,058

27,500

31,558

Disposals

-

(39,000

)

(39,000

)

At 30 April 2026

44,277

402,447

446,724

DEPRECIATION

At 1 May 2025

38,749

310,041

348,790

Charge for year

1,382

32,195

33,577

Eliminated on disposal

-

(36,375

)

(36,375

)

At 30 April 2026

40,131

305,861

345,992

NET BOOK VALUE

At 30 April 2026

4,146

96,586

100,732

At 30 April 2025

1,470

103,906

105,376

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

239,063

40,879

Other debtors

1,886

1,486

Loans

987,685

1,628,178

Tax

56,356

-

Prepayments and accrued income

35,990

191,182

1,320,980

1,861,725

Loans

Loans consist of loans to three companies. Two loans with an aggregate principal sum of £480,000 (2025:£1,180,000) are attracting interest at 10% per annum. The third loan with a principal sum of £292,000 (2025:£292,000) is interest free.

All loans are unsecured and repayable on demand.

Interest accrued on loans in the period of £59,507 (2025:£104,408).

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

41,535

-

Trade creditors

12,315

7,443

Tax

-

398,718

Social security and other taxes

2,421

11,632

VAT

39,900

52,548

Other creditors

58,284

44,791

Accruals and deferred income

4,000

20,500

158,455

535,632

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

42,012

2,700

Between one and five years

129,537

-

171,549

2,700

7.	RELATED PARTY DISCLOSURES

The company has made two loans to companies whose director and shareholder is the brother of the director and shareholder of Minibus Travel Services Ltd.

At the period end the aggregate principal drawdowns were £480,000 (2025:£1,180,000). Interest is accruing on both loans at 10% per annum on the loan. During the period £59,507 (2025:£104,408) of interest was charged and accrued. The total aggregate value outstanding at the period end was £695,685 (2025:£1,336,178).

Both loans are unsecured and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is A.M. Stannard.

The holding company Mobility Holdings Limited became the controlling party on 29/04/2026 with a share for share exchange, nil amount was paid and the ultimate controlling party remains unchanged.