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REGISTERED NUMBER: 11931770 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 MAY 2023 TO 31 DECEMBER 2023

FOR

K & L TRANSPORT CLITHEROE LTD

K & L TRANSPORT CLITHEROE LTD (REGISTERED NUMBER: 11931770)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1 May 2023 to 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K & L TRANSPORT CLITHEROE LTD

COMPANY INFORMATION
for the Period 1 May 2023 to 31 December 2023







DIRECTOR: P C Nelson





REGISTERED OFFICE: Greenbank House
141 Adelphi Street
Preston
Lancashire
PR1 7BH





REGISTERED NUMBER: 11931770 (England and Wales)





ACCOUNTANTS: James Todd & Co
Greenbank House
141 Adelphi Street
Preston
Lancashire
PR1 7BH

K & L TRANSPORT CLITHEROE LTD (REGISTERED NUMBER: 11931770)

BALANCE SHEET
31 December 2023

31.12.23 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 832 218

CURRENT ASSETS
Debtors 5 184,051 273,064
Cash at bank 134,256 44,145
318,307 317,209
CREDITORS
Amounts falling due within one year 6 186,479 214,981
NET CURRENT ASSETS 131,828 102,228
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,660

102,446

PROVISIONS FOR LIABILITIES 148 42
NET ASSETS 132,512 102,404

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 132,412 102,304
132,512 102,404

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2023 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.

K & L TRANSPORT CLITHEROE LTD (REGISTERED NUMBER: 11931770)

BALANCE SHEET - continued
31 December 2023


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 25 September 2024 and were signed by:





P C Nelson - Director


K & L TRANSPORT CLITHEROE LTD (REGISTERED NUMBER: 11931770)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1 May 2023 to 31 December 2023


1. STATUTORY INFORMATION

K & L Transport Clitheroe Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 period 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

K & L TRANSPORT CLITHEROE LTD (REGISTERED NUMBER: 11931770)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2023 to 31 December 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise, and the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors and accruals, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise, and the liability is measured at the present value of the future obligations discounted at a market rate of interest.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 359
Additions 681
At 31 December 2023 1,040
DEPRECIATION
At 1 May 2023 141
Charge for period 67
At 31 December 2023 208
NET BOOK VALUE
At 31 December 2023 832
At 30 April 2023 218

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.4.23
£    £   
Trade debtors 183,868 272,554
Prepayments and accrued income 183 510
184,051 273,064

K & L TRANSPORT CLITHEROE LTD (REGISTERED NUMBER: 11931770)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1 May 2023 to 31 December 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 30.4.23
£    £   
Trade creditors 150,005 184,750
Corporation tax 32,521 20,175
Social security and other taxes 2,556 5,730
Directors' current accounts - 2,731
Accruals and deferred income 1,397 1,595
186,479 214,981

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr P C Nelson.