REGISTERED NUMBER: SC230852 (Scotland)

Unaudited Financial Statements

For The Year Ended 31st May 2025

for

Craighead Transport Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

F J Doonin

Mrs T Swinburne

SECRETARY:

Mrs C Doonin

REGISTERED OFFICE:

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

REGISTERED NUMBER:

SC230852 (Scotland)

ACCOUNTANTS:

J S Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

BANKERS:

Clydesdale Bank

227 Glasgow Road

Blantyre

G72 0YS

FIXED ASSETS

Tangible assets

4

526,134

404,131

CURRENT ASSETS

Debtors

5

135,461

150,367

Cash at bank

90,743

68,340

226,204

218,707

CREDITORS

Amounts falling due within one year

6

(158,882

)

(160,474

)

NET CURRENT ASSETS

67,322

58,233

TOTAL ASSETS LESS CURRENT LIABILITIES

593,456

462,364

CREDITORS

Amounts falling due after more than one year

7

(102,968

)

(44,384

)

PROVISIONS FOR LIABILITIES

(71,907

)

(41,637

)

NET ASSETS

418,581

376,343

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

418,481

376,243

SHAREHOLDERS' FUNDS

418,581

376,343

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25th November 2025 and were signed on its behalf by:

F J Doonin - Director

1.	STATUTORY INFORMATION

Craighead Transport 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.

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 each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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

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 5 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st June 2024

228,176

505,989

734,165

Additions

-

181,609

181,609

At 31st May 2025

228,176

687,598

915,774

DEPRECIATION

At 1st June 2024

-

330,034

330,034

Charge for year

-

59,606

59,606

At 31st May 2025

-

389,640

389,640

NET BOOK VALUE

At 31st May 2025

228,176

297,958

526,134

At 31st May 2024

228,176

175,955

404,131

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

132,961

143,684

Other debtors

2,500

6,683

135,461

150,367

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

6,014

6,000

Hire purchase contracts

54,189

22,040

Trade creditors

17,308

14,826

Taxation and social security

74,004

101,968

Other creditors

7,367

15,640

158,882

160,474

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

6,026

Hire purchase contracts

102,968

38,358

102,968

44,384