Skiddaw Transport Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 16185982

		31 January 2026
	Notes	£	£
FIXED ASSETS
Intangible Assets	4		27,308
Tangible Assets	5		359,477

			386,785
CURRENT ASSETS
Stocks		2,250
Debtors	6	248,432
Cash at bank and in hand		29,291

		279,973
Creditors: Amounts Falling Due Within One Year	7	(467,580 )

NET CURRENT ASSETS (LIABILITIES)			(187,607 )

TOTAL ASSETS LESS CURRENT LIABILITIES			199,178

Creditors: Amounts Falling Due After More Than One Year	8		(236,131 )

NET LIABILITIES			(36,953 )

CAPITAL AND RESERVES
Called up share capital	11		1
Profit and Loss Account			(36,954 )

SHAREHOLDERS' FUNDS			(36,953)

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Skiddaw Transport Ltd

Balance Sheet (continued)

As At 31 January 2026

For the period ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr James Porter

Director

13 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Skiddaw Transport Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16185982 . The registered office is Grearshill Road, Kingstown Industrial Estate, Carlisle, CA3 0ET.

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.

The company has net liabilities at 31 January 2026 and meets its day to day working capital requirements through loans from third parties. On the basis of this support, the director considers it appropriate to prepare the financial statements on the going concern basis.

However, should the company not have the support of its the third parties and therefore be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.4. 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	15% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	3 years straight line

2.5. 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.

2.6. 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.

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Skiddaw Transport Ltd

Notes to the Financial Statements (continued)

For the Period 15 January 2025 to 31 January 2026

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2

4. Intangible Assets

	Goodwill
	£
Cost
As at 15 January 2025	29,000

As at 31 January 2026	29,000

Amortisation
As at 15 January 2025	-
Provided during the period	1,692

As at 31 January 2026	1,692

Net Book Value
As at 31 January 2026	27,308

As at 15 January 2025	29,000

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 15 January 2025	-	-	-	-
Additions	6,000	366,500	995	373,495

As at 31 January 2026	6,000	366,500	995	373,495

Depreciation
As at 15 January 2025	-	-	-	-
Provided during the period	525	13,327	166	14,018

As at 31 January 2026	525	13,327	166	14,018

Net Book Value
As at 31 January 2026	5,475	353,173	829	359,477

As at 15 January 2025	-	-	-	-

6. Debtors

	31 January 2026
	£
Due within one year
Trade debtors	211,095
Other debtors	37,337

	248,432

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Skiddaw Transport Ltd

Notes to the Financial Statements (continued)

For the Period 15 January 2025 to 31 January 2026

7. Creditors: Amounts Falling Due Within One Year

	31 January 2026
	£
Net obligations under finance lease and hire purchase contracts	82,072
Trade creditors	9,183
Other loans	190,000
Other creditors	110,243
Taxation and social security	76,082

	467,580

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

	31 January 2026
	£
Net obligations under finance lease and hire purchase contracts	236,131

9. Secured Creditors

Of the creditors the following amounts are secured.

Finance lease and hire purchase contracts are secured on the assets to which they relate.

	31 January 2026
	£
Net obligations under finance lease and hire purchase contracts	325,272

10. Obligations Under Finance Leases and Hire Purchase

	31 January 2026
	£
The future minimum finance lease payments are as follows:
Not later than one year	82,072
Later than one year and not later than five years	236,131

	318,203

	318,203

11. Share Capital

	31 January 2026
	£
Allotted, Called up and fully paid	1

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Skiddaw Transport Ltd

Notes to the Financial Statements (continued)

For the Period 15 January 2025 to 31 January 2026

12. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 15 January 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mr James Porter	-	37,337	-	-	37,337

The above loan is unsecured, repayable on demand and interest has been charged at the offical rates.

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