SK CAR TRANSPORT LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NI652808

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		122,097		88,167

			122,097		88,167
CURRENT ASSETS
Stocks	5	16,285		12,380
Debtors	6	29,091		13,309
Cash at bank and in hand		5,506		2,658

		50,882		28,347
Creditors: Amounts Falling Due Within One Year	7	(116,342 )		(58,000 )

NET CURRENT ASSETS (LIABILITIES)			(65,460 )		(29,653 )

TOTAL ASSETS LESS CURRENT LIABILITIES			56,637		58,514

Creditors: Amounts Falling Due After More Than One Year	8		(55,367 )		(44,236 )

NET ASSETS			1,270		14,278

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			1,170		14,178

SHAREHOLDERS' FUNDS			1,270		14,278

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SK CAR TRANSPORT LTD

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 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

Miss Kristina Statkaityte

Director

26/08/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

SK CAR TRANSPORT LTD is a private company, limited by shares, incorporated in Northern Ireland, registered number NI652808 . The registered office is Cido Innovation Centre C/O Mary Mackle & Co., 73 Charlestown Road, Portadown, Craigavon, BT63 5PP.

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:

Plant & Machinery	20% RB
Motor Vehicles	20% SL
Fixtures & Fittings	20% RB

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 the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 8)

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SK CAR TRANSPORT LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 September 2024	10,710	130,268	8,625	149,603
Additions	-	52,355	-	52,355

As at 31 August 2025	10,710	182,623	8,625	201,958

Depreciation
As at 1 September 2024	4,717	54,287	2,432	61,436
Provided during the period	1,199	15,987	1,239	18,425

As at 31 August 2025	5,916	70,274	3,671	79,861

Net Book Value
As at 31 August 2025	4,794	112,349	4,954	122,097

As at 1 September 2024	5,993	75,981	6,193	88,167

5. Stocks

	2025	2024
	£	£
Stock	10,000	-
Work in progress	6,285	12,380

	16,285	12,380

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	20,059	9,370
Prepayments and accrued income	2,279	3,939
VAT	6,753	-

	29,091	13,309

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	29,492	18,850
Trade creditors	16,993	17,490
Bank loans and overdrafts	48,811	3,554
Other taxes and social security	2,177	2,126
VAT	-	3,850
Accruals and deferred income	9,136	2,397
Directors' loan accounts	9,733	9,733

	116,342	58,000

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SK CAR TRANSPORT LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	25,331	8,012
Bank loans	-	3,730
Directors' loan account	30,036	32,494

	55,367	44,236

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	29,492	18,850
Later than one year and not later than five years	25,331	8,012

	54,823	26,862

	54,823	26,862

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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