Relate AccountsProduction v2.6.1 v2.6.1 2022-01-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company continues to be that of a haulage contractor mainly operating throughout the United Kingdom, Republic of Ireland and continental Europe. 20 October 2023 6 6 NI014690 2022-12-31 NI014690 2021-12-31 NI014690 2020-12-31 NI014690 2022-01-01 2022-12-31 NI014690 2021-01-01 2021-12-31 NI014690 uk-bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 NI014690 uk-bus:AbridgedAccounts 2022-01-01 2022-12-31 NI014690 uk-bus:Director1 2022-01-01 2022-12-31 NI014690 uk-bus:RegisteredOffice 2022-01-01 2022-12-31 NI014690 uk-bus:Agent1 2022-01-01 2022-12-31 NI014690 uk-core:ShareCapital 2022-12-31 NI014690 uk-core:ShareCapital 2021-12-31 NI014690 uk-core:RetainedEarningsAccumulatedLosses 2022-12-31 NI014690 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 NI014690 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-12-31 NI014690 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2021-12-31 NI014690 uk-bus:FRS102 2022-01-01 2022-12-31 NI014690 uk-core:LandBuildings 2022-01-01 2022-12-31 NI014690 uk-core:PlantMachinery 2022-01-01 2022-12-31 NI014690 uk-core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 NI014690 uk-core:MotorVehicles 2022-01-01 2022-12-31 NI014690 uk-core:ParentEntities 2022-01-01 2022-12-31 NI014690 2022-01-01 2022-12-31 NI014690 uk-bus:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI014690
 
 
Kilkeel Freight Services Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 December 2022
Kilkeel Freight Services Limited
DIRECTOR AND OTHER INFORMATION

 
Director Aidan Morgan
 
 
Company Registration Number NI014690
 
 
Registered Office 68 Moor Road
Kilkeel
Co Down
BT34 4NQ
Northern Ireland
 
 
Business Address 68 Moor Road
Kilkeel
Co Down
BT34 4NQ
 
 
Accountants Paul Hagerty & Co.
Chartered Accountants
11 The Square
Rostrevor
Co Down
BT34 3AZ
 
 
Bankers First Trust Bank
  30 Greencastle Street
  Kilkeel
  Co Down
  BT34 4BH
   
   
  Alllied Irish Bank
  96 Clanbrassil Street
  Dundalk



Kilkeel Freight Services Limited
Company Registration Number: NI014690
ABRIDGED BALANCE SHEET
as at 31 December 2022

2022 2021
Notes £ £
 
Fixed Assets
Tangible assets 4 325,351 204,903
───────── ─────────
 
Current Assets
Debtors 577,529 458,562
Cash and cash equivalents 288,490 361,426
───────── ─────────
866,019 819,988
───────── ─────────
Creditors: amounts falling due within one year (698,822) (588,723)
───────── ─────────
Net Current Assets 167,197 231,265
───────── ─────────
Total Assets less Current Liabilities 492,548 436,168
 
Provisions for liabilities (29,773) (38,205)
───────── ─────────
Net Assets 462,775 397,963
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings 462,773 397,961
───────── ─────────
Equity attributable to owners of the company 462,775 397,963
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Abridged Profit and Loss Account and Director's Report.
           
For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 20 October 2023
           
________________________________          
Aidan Morgan          
Director          
           



Kilkeel Freight Services Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 December 2022

   
1. General Information
 
Kilkeel Freight Services Limited is a company limited by shares incorporated in Northern Ireland.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 December 2022 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - twenty five
  Plant and machinery - 20% Reducing Balance
  Fixtures, fittings and equipment - 20% Reducing Balance
  Motor vehicles - 25% Reducing Balance
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 6, (2021 - 6).
 
  2022 2021
  Number Number
 
Employees 6 6
  ═════════ ═════════
             
4. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 January 2022 - 261,241 19,568 519,293 800,102
Additions 175,685 46,250 2,335 - 224,270
Disposals - (159,044) (16,868) (284,067) (459,979)
  ───────── ───────── ───────── ───────── ─────────
At 31 December 2022 175,685 148,447 5,035 235,226 564,393
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 January 2022 - 192,308 17,667 385,224 595,199
Charge for the financial year 7,027 19,052 608 26,021 52,708
On disposals - (139,120) (15,665) (254,080) (408,865)
  ───────── ───────── ───────── ───────── ─────────
At 31 December 2022 7,027 72,240 2,610 157,165 239,042
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 31 December 2022 168,658 76,207 2,425 78,061 325,351
  ═════════ ═════════ ═════════ ═════════ ═════════
At 31 December 2021 - 68,933 1,901 134,069 204,903
  ═════════ ═════════ ═════════ ═════════ ═════════
   
5. Parent company
 
The company regards Kilkeel Freight Holdings Limited as its parent company.