REGISTERED NUMBER: SC550751 (Scotland)

Unaudited Financial Statements

For The Period

1st December 2024 to 31st January 2026

for

Kn Transport Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs N L Connor

K Connor

SECRETARY:

REGISTERED OFFICE:

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

REGISTERED NUMBER:

SC550751 (Scotland)

ACCOUNTANTS:

J S Mackie & Co Ltd

8 Douglas Street

Hamilton

Lanarkshire

ML3 0BP

FIXED ASSETS

Tangible assets

4

1,029,971

568,304

Investments

5

10,000

10,000

1,039,971

578,304

CURRENT ASSETS

Stocks

500

500

Debtors

6

449,971

380,400

Cash at bank and in hand

106,344

148,218

556,815

529,118

CREDITORS

Amounts falling due within one year

7

(456,734

)

(381,598

)

NET CURRENT ASSETS

100,081

147,520

TOTAL ASSETS LESS CURRENT LIABILITIES

1,140,052

725,824

CREDITORS

Amounts falling due after more than one year

8

(416,033

)

(116,682

)

PROVISIONS FOR LIABILITIES

(253,104

)

(104,479

)

NET ASSETS

470,915

504,663

CAPITAL AND RESERVES

Called up share capital

190

190

Retained earnings

470,725

504,473

SHAREHOLDERS' FUNDS

470,915

504,663

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st January 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 2026 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 6th October 2026 and were signed on its behalf by:

K Connor - Director

Mrs N L Connor - Director

1.	STATUTORY INFORMATION

Kn 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on reducing balance, 20% on reducing balance, 15% on reducing balance and in accordance with the property

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 period 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 period 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 period was 8 (2024 - NIL ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st December 2024

749,832

Additions

688,507

Disposals

(107,308

)

At 31st January 2026

1,331,031

DEPRECIATION

At 1st December 2024

181,528

Charge for period

160,608

Eliminated on disposal

(41,076

)

At 31st January 2026

301,060

NET BOOK VALUE

At 31st January 2026

1,029,971

At 30th November 2024

568,304

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

Plant and

machinery

etc

£

COST

At 1st December 2024

468,315

Additions

486,541

At 31st January 2026

954,856

DEPRECIATION

At 1st December 2024

119,434

Charge for period

103,533

At 31st January 2026

222,967

NET BOOK VALUE

At 31st January 2026

731,889

At 30th November 2024

348,881

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st December 2024

and 31st January 2026

10,000

NET BOOK VALUE

At 31st January 2026

10,000

At 30th November 2024

10,000

6.

DEBTORS

2026

2024

£

£

Amounts falling due within one year:

Trade debtors

245,171

320,547

Other debtors

-

17,903

245,171

338,450

2026

2024

£

£

Amounts falling due after more than one year:

Other debtors

204,800

41,950

Aggregate amounts

449,971

380,400

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2024

£

£

Bank loans and overdrafts

5,586

10,000

Hire purchase contracts

121,497

92,529

Trade creditors

293,750

244,012

Taxation and social security

31,624

33,635

Other creditors

4,277

1,422

456,734

381,598

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2024

£

£

Bank loans

-

5,586

Hire purchase contracts

416,033

111,096

416,033

116,682