STEPPES TRAVEL LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +7.9%

  £12,080,048 → £13,032,473

  highest in 3 filed years

• Cash

  +6.2%

  £4,537,641 → £4,821,196

  highest in 10 filed years

• Net assets

  +25.1%

  £1,091,085 → £1,364,902

  highest in 6 filed years

• Employees

  +16.7%

  24 → 28

• Operating profit

  -16.7%

  £788,188 → £656,450

  lowest in 3 filed years

• Profit before tax

  -11.4%

  £883,740 → £783,182

  lowest in 3 filed years

• Wages

  +10.1%

  £1,402,715 → £1,544,559

  highest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

1. STEPPES TRAVEL LTD 2010-02-19 → present
2. THE STEPPES GROUP LIMITED 1997-09-22 → 2010-02-19
3. CO.SHELF SIX LIMITED 1997-01-24 → 1997-09-22

Accounting basis

FRS 102

Auditor

White Hart Associates (London) Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. The directors have prepared profit and loss account projections and cash flow forecasts for the period to August 2027 which reflect operational liquidity throughout. The cashflow forecasts reflect ongoing complaince with the liquidity covenant agreed with the Civil Aviation Authority in connection with the ongoing maintenance of the Company's ATOL. This covenant requires the Company to maintain an unrestricted minimum cash balance of £733,500 at the end of each month throughout the Company's licence year to March each year. The directors have also performed a sensitivity analysis on the Company's budgets and forecasts to assess the financial impact of any potential further slowdown in trading. This sensitivity analysis shows that the Company has enough liquidity and cash to trade through a further slowdown. Consequently, the directors are confident that the Company will have sufficient funds and cash reserves to continue to meet liabilities as they fall due for at least 12 months from the date of approval of the financial statements and therefore have prepared the financial statements on a going concern basis.”

Group structure

1. STEPPES TRAVEL LTD · parent
   1. Steppes East Limited 100%
   2. Art of Travel Limited 100%
   3. Discovery Initiatives Limited 100%
   4. Steppes Travel (TCI) Limited 100%

Significant events

• “Further to this, we are embracing Al to enhance personalised experiences, optimise operations and improve efficiency. We are harnessing Al to speed up our itinerary building to allow our travel experts to spend more time with our clients. As well as from an operations and efficiency perspective, we are suing Al to improve our business and risk management.”
• “During the year to 31 August 2025, with the conditions for excercise being met, options were exercised by employees on 24,789 £0.01 "A" Ordinary shares. As at year end 31 August 2025 there were unexercised options over 82,785 £0.01 Oridnary "A" shares. During the year to 31 August 2025 a further 10,000 options were granted over £0.01 "A" Ordinary shares. In relation to these options HMRC agreed an Actual Market Value per share option of £0.81, also the excercise price per share and an Unrestricted Market Value of £0.89 per £0.01 "A" Ordinary share. as at the year end 31 August 2025 none of these options were excercised. There were also a further 30,000 A Ordinary shares of £1 nominal value remain under option. These options were granted under an EMI scheme in 2020.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

8

last 12 months

Capital events

7

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.