2023-04-012024-03-312024-03-31falseSC642620RKMTRANSPORTS 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RKMTRANSPORTS LIMITED

Registered Number
SC642620
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

RKMTRANSPORTS LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

Ryan Monaghan

Registered Address

4 Woods Way
Glenrothes
KY6 2TG

Registered Number

SC642620 (Scotland)
RKMTRANSPORTS LIMITED
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets314,34419,215
14,34419,215
Current assets
Debtors46,11548,834
Cash at bank and on hand87,73283,450
93,847132,284
Creditors amounts falling due within one year5(74,040)(81,814)
Net current assets (liabilities)19,80750,470
Total assets less current liabilities34,15169,685
Provisions for liabilities(2,725)(3,651)
Net assets31,42666,034
Capital and reserves
Called up share capital1010
Profit and loss account31,41666,024
Shareholders' funds31,42666,034
The financial statements were approved and authorised for issue by the Director on 26 September 2024, and are signed on its behalf by:
Ryan Monaghan
Director
Registered Company No. SC642620
RKMTRANSPORTS LIMITED
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Employee benefits
The company operates a defined contribution pension scheme. Contributions payable to the companys pension scheme are charged to profit or loss in the period to which they relate.
Current taxation
Taxation for the period 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Vehicles25-
Office Equipment-3
Finance leases and hire purchase contracts
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.Average number of employees

20242023
Average number of employees during the year119
3.Tangible fixed assets

Vehicles

Office Equipment

Total

£££
Cost or valuation
At 01 April 2333,39952533,924
At 31 March 2433,39952533,924
Depreciation and impairment
At 01 April 2314,6129714,709
Charge for year4,6971744,871
At 31 March 2419,30927119,580
Net book value
At 31 March 2414,09025414,344
At 31 March 2318,78742819,215
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables2,06445,453
Other debtors-650
Prepayments and accrued income4,0512,731
Total6,11548,834
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables20,14916,271
Taxation and social security21,54331,644
Other creditors32,34833,899
Total74,04081,814