REGISTERED NUMBER: 05649340 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

K.G.T Logistics (North West) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S Gill

Mrs H Gill

SECRETARY:

Mrs H Gill

REGISTERED OFFICE:

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

REGISTERED NUMBER:

05649340 (England and Wales)

ACCOUNTANTS:

Clifford Roberts

63 Broad Green

Wellingborough

Northamptonshire

NN8 4LQ

FIXED ASSETS

Intangible assets

4

12,000

16,000

Tangible assets

5

1,955,086

1,654,972

1,967,086

1,670,972

CURRENT ASSETS

Stocks

33,870

20,000

Debtors

6

1,242,045

1,627,038

Cash at bank and in hand

318,973

119,989

1,594,888

1,767,027

CREDITORS

Amounts falling due within one year

7

1,706,805

1,837,035

NET CURRENT LIABILITIES

(111,917

)

(70,008

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,855,169

1,600,964

CREDITORS

Amounts falling due after more than one year

8

(699,337

)

(535,556

)

PROVISIONS FOR LIABILITIES

(494,921

)

(394,609

)

NET ASSETS

660,911

670,799

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

660,811

670,699

SHAREHOLDERS' FUNDS

660,911

670,799

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 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 29 April 2026 and were signed on its behalf by:

Mr S Gill - Director

Mrs H Gill - Director

1.	STATUTORY INFORMATION

K.G.T Logistics (North West) Limited is a private company, limited by shares , registered in England and Wales. 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.

Revenue

Turnover represents net invoices sale of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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

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.

Hire purchase and leasing commitments

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 36 (2024 - 36 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

20,000

AMORTISATION

At 1 January 2025

4,000

Charge for year

4,000

At 31 December 2025

8,000

NET BOOK VALUE

At 31 December 2025

12,000

At 31 December 2024

16,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

2,841,516

Additions

771,515

Disposals

(344,980

)

At 31 December 2025

3,268,051

DEPRECIATION

At 1 January 2025

1,186,544

Charge for year

372,922

Eliminated on disposal

(246,501

)

At 31 December 2025

1,312,965

NET BOOK VALUE

At 31 December 2025

1,955,086

At 31 December 2024

1,654,972

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2025

2,215,168

Additions

763,015

Disposals

(53,000

)

Transfer to ownership

(805,855

)

At 31 December 2025

2,119,328

DEPRECIATION

At 1 January 2025

794,598

Charge for year

244,582

Eliminated on disposal

(22,045

)

Transfer to ownership

(482,723

)

At 31 December 2025

534,412

NET BOOK VALUE

At 31 December 2025

1,584,916

At 31 December 2024

1,420,570

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,209,416

1,429,974

Amounts owed by group undertakings

-

162,675

Other debtors

32,629

34,389

1,242,045

1,627,038

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

422,755

351,043

Trade creditors

1,019,860

1,200,538

Taxation and social security

246,214

266,902

Other creditors

17,976

18,552

1,706,805

1,837,035

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

699,337

535,556

9.	FINANCIAL INSTRUMENTS

The company has a factoring arrangement with Skipton Business Finance to sell a portion of its trade debtors. Under the terms of this agreement, the factor advances 80% of the invoice value to the company.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

During the year, the company formally waived a loan of £164,115 due from Steve Gill Logistics Limited, a connected company.