Archibald Graham Transport Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: SC267794

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		32,300		41,527

			32,300		41,527
CURRENT ASSETS
Debtors	5	56,633		29,477
Cash at bank and in hand		178		-

		56,811		29,477
Creditors: Amounts Falling Due Within One Year	6	(50,539 )		(45,742 )

NET CURRENT ASSETS (LIABILITIES)			6,272		(16,265 )

TOTAL ASSETS LESS CURRENT LIABILITIES			38,572		25,262

Creditors: Amounts Falling Due After More Than One Year	7		(20,315 )		(24,747 )

NET ASSETS			18,257		515

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			18,255		513

SHAREHOLDERS' FUNDS			18,257		515

For the year ending 31 October 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Colin Graham

Director

13/10/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Archibald Graham Transport Limited is a private company, limited by shares, incorporated in Scotland, registered number SC267794 . The registered office is 21 Forbes Place, Paisley, PA1 1UT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	10% Reducing balance
Plant & Machinery	15% Reducing balance
Motor Vehicles	25% Reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Archibald Graham Transport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
As at 1 November 2023	35,000	15,611	108,700	159,311

As at 31 October 2024	35,000	15,611	108,700	159,311

Depreciation
As at 1 November 2023	30,330	7,711	79,743	117,784
Provided during the period	519	1,469	7,239	9,227

As at 31 October 2024	30,849	9,180	86,982	127,011

Net Book Value
As at 31 October 2024	4,151	6,431	21,718	32,300

As at 1 November 2023	4,670	7,900	28,957	41,527

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	15,444	13,535
Other debtors	39,932	6,112
VAT	756	-
Other taxes and social security	501	2
Directors' loan accounts	-	9,828

	56,633	29,477

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Archibald Graham Transport Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Net obligations under finance lease and hire purchase contracts	-	7,875
Trade creditors	15,740	21,982
Bank loans and overdrafts	3,000	3,245
Corporation tax	12,095	5,534
VAT	-	3,649
Other creditors	-	1,026
Accruals and deferred income	4,862	2,431
Directors' loan accounts	14,842	-

	50,539	45,742

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	20,315	24,747

8. Obligations Under Finance Leases and Hire Purchase

	2024	2023
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	-	7,875

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	2	2

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