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REGISTERED NUMBER: 08285352 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

KEITH ELKINGTON TRANSPORT LIMITED

KEITH ELKINGTON TRANSPORT LIMITED (REGISTERED NUMBER: 08285352)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KEITH ELKINGTON TRANSPORT LIMITED

COMPANY INFORMATION
For The Year Ended 31 January 2024







DIRECTORS: O J Elkington
K N Elkington
M R Foster





REGISTERED OFFICE: Unit 17 Garamonde Drive
Clarenden Industrial Park
Wymbush
Milton Keynes
Buckinghamshire
MK8 8DF





REGISTERED NUMBER: 08285352 (England and Wales)





ACCOUNTANTS: TC Group
Baird House
Seebeck Place
Knowlhill
Milton Keynes
Buckinghamshire
MK5 8FR

KEITH ELKINGTON TRANSPORT LIMITED (REGISTERED NUMBER: 08285352)

BALANCE SHEET
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 243,000 270,000
Tangible assets 5 1,095,307 700,890
1,338,307 970,890

CURRENT ASSETS
Stocks 6 118,671 107,849
Debtors 7 801,133 684,638
Cash at bank and in hand 166,971 7,314
1,086,775 799,801
CREDITORS
Amounts falling due within one year 8 1,109,606 678,650
NET CURRENT (LIABILITIES)/ASSETS (22,831 ) 121,151
TOTAL ASSETS LESS CURRENT LIABILITIES 1,315,476 1,092,041

CREDITORS
Amounts falling due after more than one
year

9

(626,785

)

(548,013

)

PROVISIONS FOR LIABILITIES (181,129 ) (118,456 )
NET ASSETS 507,562 425,572

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 507,462 425,472
SHAREHOLDERS' FUNDS 507,562 425,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

KEITH ELKINGTON TRANSPORT LIMITED (REGISTERED NUMBER: 08285352)

BALANCE SHEET - continued
31 January 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





O J Elkington - Director


KEITH ELKINGTON TRANSPORT LIMITED (REGISTERED NUMBER: 08285352)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 January 2024


1. STATUTORY INFORMATION

Keith Elkington Transport Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


KEITH ELKINGTON TRANSPORT LIMITED (REGISTERED NUMBER: 08285352)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2023 - 39 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 540,000
AMORTISATION
At 1 February 2023 270,000
Amortisation for year 27,000
At 31 January 2024 297,000
NET BOOK VALUE
At 31 January 2024 243,000
At 31 January 2023 270,000

KEITH ELKINGTON TRANSPORT LIMITED (REGISTERED NUMBER: 08285352)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 54,039 131,060 1,667,668 77,201 1,929,968
Additions 13,450 88,106 783,248 4,532 889,336
Disposals (3,426 ) - (519,066 ) - (522,492 )
At 31 January 2024 64,063 219,166 1,931,850 81,733 2,296,812
DEPRECIATION
At 1 February 2023 36,952 124,727 1,004,817 62,582 1,229,078
Charge for year 6,820 10,103 315,562 6,546 339,031
Eliminated on disposal (3,422 ) - (363,182 ) - (366,604 )
At 31 January 2024 40,350 134,830 957,197 69,128 1,201,505
NET BOOK VALUE
At 31 January 2024 23,713 84,336 974,653 12,605 1,095,307
At 31 January 2023 17,087 6,333 662,851 14,619 700,890

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 February 2023 914,059
Additions 783,248
Disposals (219,730 )
At 31 January 2024 1,477,577
DEPRECIATION
At 1 February 2023 295,908
Charge for year 303,874
Eliminated on disposal (63,855 )
At 31 January 2024 535,927
NET BOOK VALUE
At 31 January 2024 941,650
At 31 January 2023 618,151

6. STOCKS
2024 2023
£    £   
Stocks 118,671 107,849

KEITH ELKINGTON TRANSPORT LIMITED (REGISTERED NUMBER: 08285352)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 January 2024


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 551,213 458,706
Other debtors 76,926 25,763
Directors' current accounts 76,728 -
Tax - 8,693
Prepayments and accrued income 96,266 191,476
801,133 684,638

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 61,899 61,899
Hire purchase contracts and finance leases 368,751 207,361
Trade creditors 319,402 207,176
Taxation and social security 248,366 71,681
Other creditors 111,188 130,533
1,109,606 678,650

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 82,532 144,431
Hire purchase contracts and finance leases 544,253 403,582
626,785 548,013

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors have operated a current account during the year. As at 31 January 2024 the current accounts were in a debit position of £76,728 (2023 - £19,244 credit).