Registration number: 4135546

M K Transport Services Limited

Contents

Balance Sheet	1 to 2
Notes to the Financial Statements	3 to 7

M K Transport Services Limited

(Registration number: 4135546)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,315,508	1,360,369
Current assets
Stocks	5	638	15,477
Debtors	6	422,467	426,928
Cash at bank and in hand		1,282,381	934,005
		1,705,486	1,376,410
Creditors: Amounts falling due within one year	7	(293,353)	(256,196)
Net current assets		1,412,133	1,120,214
Total assets less current liabilities		2,727,641	2,480,583
Provisions for liabilities		(328,877)	(340,092)
Net assets		2,398,764	2,140,491
Capital and reserves
Called up share capital	8	1,000	1,000
Retained earnings		2,397,764	2,139,491
Shareholders' funds		2,398,764	2,140,491

M K Transport Services Limited

(Registration number: 4135546)
Balance Sheet as at 31 January 2025

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account and directors’ report have not been delivered in accordance with the special provisions applicable to companies subject to the small companies regime.


 

Approved and authorised by the Board on 23 October 2025 and signed on its behalf by:
 

......................................... Mrs JA King Company secretary and director

......................................... Mr MJ King Director

......................................... Mr J King Director

M K Transport Services Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
4 Greenbank Road
Blackburn
Lancashire
BB1 3EA
England

These financial statements were authorised for issue by the Board on 23 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Sterling which is the functional currency of the company and are rounded to the nearest pound.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

M K Transport Services Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Property alterations	20% per annum straight line
Motor vehicles	25% per annum reducing balance
Plant and machinery	15% per annum reducing balance
Fixtures and fittings	20% per annum reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

M K Transport Services Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2024 - 16).

M K Transport Services Limited

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

4	Tangible assets

	Property alterations £	Fixtures and fittings £	Motor vehicles  £	Plant and machinery £
Cost or valuation
At 1 February 2024	50,041	109,640	1,797,309	1,557,445
Additions	-	3,600	93,623	128,000
Disposals	-	-	-	(13,000)
At 31 January 2025	50,041	113,240	1,890,932	1,672,445
Depreciation
At 1 February 2024	50,041	93,090	1,196,942	813,993
Charge for the year	-	3,406	152,053	112,207
Eliminated on disposal	-	-	-	(10,582)
At 31 January 2025	50,041	96,496	1,348,995	915,618
Carrying amount
At 31 January 2025	-	16,744	541,937	756,827
At 31 January 2024	-	16,550	600,367	743,452

	Total £
Cost or valuation
At 1 February 2024	3,514,435
Additions	225,223
Disposals	(13,000)
At 31 January 2025	3,726,658
Depreciation
At 1 February 2024	2,154,066
Charge for the year	267,666
Eliminated on disposal	(10,582)
At 31 January 2025	2,411,150
Carrying amount
At 31 January 2025	1,315,508
At 31 January 2024	1,360,369

5

Stocks

	2025 £	2024 £
Other inventories	638	15,477

M K Transport Services Limited

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

6

Debtors

Current	2025 £	2024 £
Trade debtors	405,074	409,712
Prepayments	17,393	17,216
	422,467	426,928

7

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	98,952	104,627
Taxation and social security	167,477	112,219
Accruals and deferred income	25,325	24,872
Other creditors	1,599	14,478
	293,353	256,196