Company registration number SC221275 (Scotland)
Kennedy Transport Limited
Unaudited financial statements
for the year ended 31 December 2024
Pages for filing with registrar
Kennedy Transport Limited
Balance sheet
as at 31 December 2024
1
2024
2023
Notes
£
£
£
£
Current assets
Debtors
435,783
437,196
Cash at bank and in hand
96
435,879
437,196
Creditors: amounts falling due within one year
(750)
(900)
Net current assets
435,129
436,296
Net assets
435,129
436,296
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
435,127
436,294
Total equity
435,129
436,296
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 19 September 2025 and are signed on its behalf by:
John B. Kennedy
Alexander G. Kennedy
Director
Director
Company registration number SC221275 (Scotland)
Kennedy Transport Limited
Notes to thefinancial statements
for the year ended 31 December 2024
2
1
Accounting policies
Company information
Kennedy Transport Limited is a private company limited by shares incorporated in Scotland. The registered office is Sevenoaks, Newmachar, AB21 7PP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Related party transactions
Included within debtors are amounts owed from a related partnership, owned and controlled by the directors. At the balance sheet date the partnership owed the company £435,783 (2023 - £437,196).
There are no fixed repayment terms or interest applied to this balance.