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REGISTERED NUMBER: 07865236 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

K & A Transport (Yorkshire) Ltd

K & A Transport (Yorkshire) Ltd (Registered number: 07865236)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


K & A Transport (Yorkshire) Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: G Laing





SECRETARY:





REGISTERED OFFICE: 121 Woodhouse Road
Wheatley
Doncaster
DN2 4DJ





REGISTERED NUMBER: 07865236 (England and Wales)





ACCOUNTANTS: ASAP Accountants & Business Advisors Ltd
Room 206, Mercury House
Willoughton Drive
Foxby Lane Business Park
Gainsborough
Lincolnshire
DN21 1DY

K & A Transport (Yorkshire) Ltd (Registered number: 07865236)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 31,627 42,170
31,627 42,170

CURRENT ASSETS
Stocks 125 125
Debtors 6 9,454 4,319
Cash at bank 4,781 7,535
14,360 11,979
CREDITORS
Amounts falling due within one year 7 21,079 29,351
NET CURRENT LIABILITIES (6,719 ) (17,372 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,908

24,798

CREDITORS
Amounts falling due after more than
one year

8

5,634

10,833
NET ASSETS 19,274 13,965

K & A Transport (Yorkshire) Ltd (Registered number: 07865236)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,174 13,865
SHAREHOLDERS' FUNDS 19,274 13,965

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

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 director and authorised for issue on 25 November 2024 and were signed by:





G Laing - Director


K & A Transport (Yorkshire) Ltd (Registered number: 07865236)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

K & A Transport (Yorkshire) 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.

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 2011, is being amortised evenly over its estimated useful life of ten 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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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.


K & A Transport (Yorkshire) Ltd (Registered number: 07865236)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 10,000
AMORTISATION
At 1 June 2023
and 31 May 2024 10,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

K & A Transport (Yorkshire) Ltd (Registered number: 07865236)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 29,470 81,348 110,818
DEPRECIATION
At 1 June 2023 16,618 52,030 68,648
Charge for year 3,213 7,330 10,543
At 31 May 2024 19,831 59,360 79,191
NET BOOK VALUE
At 31 May 2024 9,639 21,988 31,627
At 31 May 2023 12,852 29,318 42,170

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 June 2023 19,450 60,848 80,298
Transfer to ownership (19,450 ) (60,848 ) (80,298 )
At 31 May 2024 - - -
DEPRECIATION
At 1 June 2023 11,245 35,178 46,423
Charge for year 2,051 6,418 8,469
Transfer to ownership (13,296 ) (41,596 ) (54,892 )
At 31 May 2024 - - -
NET BOOK VALUE
At 31 May 2024 - - -
At 31 May 2023 8,205 25,670 33,875

K & A Transport (Yorkshire) Ltd (Registered number: 07865236)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Trade debtors 8,221 3,460
Other debtors 1,233 859
9,454 4,319

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 5,200 5,200
Hire purchase contracts - 8,913
Trade creditors 2,706 5,448
Tax 8,433 4,794
VAT 4,740 4,901
Directors' current accounts - 95
21,079 29,351

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-2 years 5,200 5,200
Bank loans - 2-5 years 434 5,633
5,634 10,833

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 10,834 16,033
Hire purchase contracts - 8,913
10,834 24,946