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REGISTERED NUMBER: 00984640 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

K.G.B.Transport Limited

K.G.B.Transport Limited (Registered number: 00984640)

Contents of the Financial Statements
for the Year Ended 31 March 2025










Page

Balance Sheet 1

Notes to the Financial Statements 3


K.G.B.Transport Limited (Registered number: 00984640)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £ £
Fixed assets
Tangible assets 4 1,974,351 2,047,850
Investments 5 917 917
1,975,268 2,048,767

Current assets
Stocks 125,000 150,000
Debtors 6 327,934 446,187
Cash at bank 141,555 62,329
594,489 658,516
Creditors
Amounts falling due within one year 7 (680,689 ) (699,707 )
Net current liabilities (86,200 ) (41,191 )
Total assets less current liabilities 1,889,068 2,007,576

Creditors
Amounts falling due after more than one
year

8

(380,838

)

(495,294

)

Provisions for liabilities (394,059 ) (301,920 )
Net assets 1,114,171 1,210,362

K.G.B.Transport Limited (Registered number: 00984640)

Balance Sheet - continued
31 March 2025

31.3.25 31.3.24
Notes £ £
Capital and reserves
Called up share capital 6,100 6,100
Capital redemption reserve 1,544 1,544
Retained earnings 1,106,527 1,202,718
1,114,171 1,210,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





Mr T J Brown - Director


K.G.B.Transport Limited (Registered number: 00984640)

Notes to the Financial Statements
for the Year Ended 31 March 2025


1. Statement of compliance

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.

2. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements in conformity with IFRS requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Given the straightforward operations and financial position of the company, there are not considered to be any key sources of judgement or estimation uncertainty within these financial statements.

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 the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 2% straight line
Plant and machinery - 10% p.a. reducing balance
Fixtures and fittings - 15% p.a. reducing balance
Motor vehicles - 10% p.a. reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

K.G.B.Transport Limited (Registered number: 00984640)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year 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.


K.G.B.Transport Limited (Registered number: 00984640)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


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.

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 21 (2024 - 20 ) .

4. Tangible fixed assets
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 April 2024 534,245 1,993,061 30,668 1,918,474 4,476,448
Additions - - - 127,850 127,850
Disposals - - - (25,000 ) (25,000 )
At 31 March 2025 534,245 1,993,061 30,668 2,021,324 4,579,298
Depreciation
At 1 April 2024 151,036 1,462,955 29,730 784,877 2,428,598
Charge for year 10,685 53,010 141 119,260 183,096
Eliminated on disposal - - - (6,747 ) (6,747 )
At 31 March 2025 161,721 1,515,965 29,871 897,390 2,604,947
Net book value
At 31 March 2025 372,524 477,096 797 1,123,934 1,974,351
At 31 March 2024 383,209 530,106 938 1,133,597 2,047,850

K.G.B.Transport Limited (Registered number: 00984640)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025


5. Fixed asset investments
Own shares
£
Cost
At 1 April 2024
and 31 March 2025 917
Net book value
At 31 March 2025 917
At 31 March 2024 917

6. Debtors: amounts falling due within one year
31.3.25 31.3.24
£ £
Trade debtors 316,454 438,269
Other debtors 11,480 7,918
327,934 446,187

7. Creditors: amounts falling due within one year
31.3.25 31.3.24
£ £
Bank loans and overdrafts 223,766 209,688
Hire purchase contracts 161,183 168,026
Trade creditors 78,531 129,758
Amounts owed to group undertakings 74,164 56,997
Taxation and social security 116,122 106,366
Other creditors 26,923 28,872
680,689 699,707

8. Creditors: amounts falling due after more than one year
31.3.25 31.3.24
£ £
Bank loans 5,208 67,708
Hire purchase contracts 375,630 427,586
380,838 495,294