Reid International Transport Ltd 31/03/2025 iXBRL

Company registration number: NI695474

REID INTERNATIONAL TRANSPORT LTD

UNAUDITED FILLETED FINANCIAL STATEMENTS

31 March 2025

REID INTERNATIONAL TRANSPORT LTD

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

_________________________________________________________________________________________

Contents

Directors and other information

Accountants report

Balance sheet

Statement of changes in equity

Notes to the financial statements

REID INTERNATIONAL TRANSPORT LTD

DIRECTORS AND OTHER INFORMATION

________________________________________________________________________________________


	Director	Mr Robert Reid


	Company number	NI695474


	Registered office	54 Gortagammon Road
		Cookstown
		Co Tyrone
		BT80 8UY


	Business address	54 Gortagammon Road
		Tullyhogue
		Cookstown
		Co Tyrone
		BT80 8UY


	Accountants	Kelly & O'Neill Ltd
		15E Molesworth Street
		Cookstown
		Co Tyrone
		BT80 8NX




	Bankers	AIB
		18-20 Scotch Street
		Dungannon
		Co Tyrone
		BT70 1AZ

REID INTERNATIONAL TRANSPORT LTD

REPORT TO THE DIRECTOR ON THE PREPARATION OF THE

UNAUDITED STATUTORY FINANCIAL STATEMENTS OF REID INTERNATIONAL TRANSPORT LTD

YEAR ENDED 31 MARCH 2025

________________________________________________________________________________________

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Reid International Transport Ltd for the year ended 31 March 2025 which comprise the Balance Sheet, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of Chartered Accountants Ireland , we are subject to its ethical and other professional requirements which are detailed at www.charteredaccountants.ie.

This report is made solely to the director of Reid International Transport Ltd, as a body, in accordance with the terms of our engagement letter dated 31 July 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Reid International Transport Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of Chartered Accountants Ireland as detailed at www.charteredaccountants.ie To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Reid International Transport Ltd and its director as a body for our work or for this report.

It is your duty to ensure that Reid International Transport Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Reid International Transport Ltd. You consider that Reid International Transport Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Reid International Transport Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kelly & O'Neill Ltd

15E Molesworth Street

Cookstown

Co Tyrone

BT80 8NX

10 December 2025

REID INTERNATIONAL TRANSPORT LTD

BALANCE SHEET

31 MARCH 2025

_________________________________________________________________________________________

		31/03/25		31/03/24
	Note	£	£	£	£

Fixed assets
Tangible assets	5	239,384		192,764
		_______		_______
			239,384		192,764

Current assets
Debtors	6	33,141		64,562
Cash at bank and in hand		174,632		28,742
		_______		_______
		207,773		93,304
Creditors: amounts falling due
within one year	7	( 220,744)		( 194,850)
		_______		_______
Net current liabilities			( 12,971)		( 101,546)
			_______		_______
Total assets less current liabilities			226,413		91,218

Creditors: amounts falling due
after more than one year	8		( 42,757)		( 31,644)
			_______		_______
Net assets			183,656		59,574
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			183,556		59,474
			_______		_______
Shareholders funds			183,656		59,574
			_______		_______

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

Director's responsibilities:

- 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 director acknowledges their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 10 December 2025 , and are signed on behalf of the board by:

Mr Robert Reid

Director

Company registration number: NI695474

REID INTERNATIONAL TRANSPORT LTD

STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 MARCH 2025

_______________________________________________________________________________

	Called up share capital	Profit and loss account	Total
	£	£	£


At 15 March 2023	-	-	-

Profit for the year		60,474	60,474
	_______	_______	_______
Total comprehensive income for the year	-	60,474	60,474

Issue of shares	100		100
Dividends paid and payable		( 1,000)	( 1,000)
	_______	_______	_______
Total investments by and distributions to owners	100	( 1,000)	( 900)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	100	59,474	59,574

Profit for the year		158,582	158,582
	_______	_______	_______
Total comprehensive income for the year	-	158,582	158,582

Dividends paid and payable		( 34,500)	( 34,500)
	_______	_______	_______
Total investments by and distributions to owners	-	( 34,500)	( 34,500)

	_______	_______	_______
At 31 March 2025	100	183,556	183,656
	_______	_______	_______

REID INTERNATIONAL TRANSPORT LTD

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

_______________________________________________________________________________________

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 54 Gortagammon Road, Cookstown, Co Tyrone, BT80 8UY.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	reducing balance
Fittings fixtures and equipment	-	20 %	reducing balance
Motor vehicles	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	211,390	2,524	8,506	222,420
Additions	90,250	1,748	21,840	113,838
Disposals	-	-	( 8,506)	( 8,506)
	_______	_______	_______	_______
At 31 March 2025	301,640	4,272	21,840	327,752
	_______	_______	_______	_______
Depreciation
At 1 April 2024	28,185	337	1,134	29,656
Charge for the year	54,691	787	4,368	59,846
Disposals	-	-	( 1,134)	( 1,134)
	_______	_______	_______	_______
At 31 March 2025	82,876	1,124	4,368	88,368
	_______	_______	_______	_______
Carrying amount
At 31 March 2025	218,764	3,148	17,472	239,384
	_______	_______	_______	_______
At 31 March 2024	183,205	2,187	7,372	192,764
	_______	_______	_______	_______

6. Debtors

	31/03/25	31/03/24
	£	£
Trade debtors	12,397	60,521
Other debtors	20,744	4,041
	_______	_______
	33,141	64,562
	_______	_______

7. Creditors: amounts falling due within one year

	31/03/25	31/03/24
	£	£
Trade creditors	6,485	16,462
Corporation tax	16,720	-
Social security and other taxes	4,230	3,593
Other creditors	193,309	174,795
	_______	_______
	220,744	194,850
	_______	_______

8. Creditors: amounts falling due after more than one year

	31/03/25	31/03/24
	£	£
Other creditors	42,757	31,644
	_______	_______

9. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

Year ended 31/03/25
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr Robert Reid	( 152,534)	( 17,077)	( 169,611)
		_______	_______	_______

Period ended 31/03/24
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr Robert Reid	-	( 152,534)	( 152,534)
		_______	_______	_______