REGISTERED NUMBER: SC181540 (Scotland)

ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ELMHURST TRANSPORT (SCOTLAND) LTD.

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Donoghue

Mrs S Donoghue

SECRETARY:

Mrs S Donoghue

REGISTERED OFFICE:

37 Portland Road

KILMARNOCK

Ayrshire

KA1 2DJ

REGISTERED NUMBER:

SC181540 (Scotland)

ACCOUNTANTS:

Gilmour Hamilton LLP

Chartered Accountants

37 Portland Road

KILMARNOCK

Ayrshire

KA1 2DJ

FIXED ASSETS

Intangible assets

4

-

250

Tangible assets

5

341,649

321,733

341,649

321,983

CURRENT ASSETS

Stocks

9,700

19,500

Debtors

436,482

322,202

Cash at bank and in hand

6,071

15,722

452,253

357,424

CREDITORS

Amounts falling due within one year

398,067

337,466

NET CURRENT ASSETS

54,186

19,958

TOTAL ASSETS LESS CURRENT LIABILITIES

395,835

341,941

CREDITORS

Amounts falling due after more than one year

(94,300

)

(47,290

)

PROVISIONS FOR LIABILITIES

(85,412

)

(65,677

)

NET ASSETS

216,123

228,974

CAPITAL AND RESERVES

Called up share capital

500

500

Retained earnings

215,623

228,474

SHAREHOLDERS' FUNDS

216,123

228,974

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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 8 September 2025 and were signed on its behalf by:

M Donoghue - Director

1.	STATUTORY INFORMATION

Elmhurst Transport (Scotland) Ltd. is a private company, limited by shares , registered in Scotland. 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.

The financial statements are presented in pounds sterling which is the functional currency of the company, rounded to the nearest pound.

The directors have reviewed the company's cash flows and believes these are sufficient to meet liabilities as they fall due. Accordingly, the accounts have been prepared on a going concern basis.

Revenue recognition

Turnover from the provision of freight transport is recognised at the fair value of the consideration receivable for the services provided. Turnover is recognised when services are provided to the customer.

Other intangible assets

Other intangible assets comprise of private vehicle registration numbers which are amortised on as straight line basis over 5 years.

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

-

33.33% on cost, 25% on reducing balance, 20% on cost and 20% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Provision is made for damaged, obsolete and slow moving stock where appropriate.

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.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statement of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits

When employees have rendered a service to the company, short term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operated a defined contributed plan for the benefit of its employees. Contributions are expensed as the liability for payment arises.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded ar transaction price. Any losses arising from impairment are recognised in the Statement of Comprehensive Income in administrative expenses.

Cash on the balance sheet comprises cash in hand and cash at bank

Hire purchase and leasing

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.

Operating leases are charged to the statement of income and retained earnings on a straight line basis over the lease period.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

1,250

AMORTISATION

At 1 April 2024

1,000

Amortisation for year

250

At 31 March 2025

1,250

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

250

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

904,035

Additions

204,477

Disposals

(259,697

)

At 31 March 2025

848,815

DEPRECIATION

At 1 April 2024

582,302

Charge for year

81,085

Eliminated on disposal

(156,221

)

At 31 March 2025

507,166

NET BOOK VALUE

At 31 March 2025

341,649

At 31 March 2024

321,733

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

163,141

88,103

Due re factored trade debtors

93,591

51,683

256,732

139,786

Hire purchase contract liabilities are secured against the assets financed. Amounts due re factored trade debts are secured over trade debts and by way of a personal guarantee provided by the directors.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

£

M Donoghue and Mrs S Donoghue

Balance outstanding at start of year

-

45,048

Amounts repaid

-

(45,048

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

8.	RELATED PARTY DISCLOSURES

The company operates from premises which are owned by the directors. Rent of £36,000 (2024 £9,000) was charged for the use of the premises during the year.