Registration number: NI656593

S Kilpatrick Haulage Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 10

S Kilpatrick Haulage Ltd

Company Information

Director

Stuart Kilpatrick

Company secretary

Stuart Kilpatrick

Registered office

11 Crunagh Road Glenanne Armagh BT60 2LJ

S Kilpatrick Haulage Ltd

(Registration number: NI656593)
Balance Sheet as at 31 October 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	24,609	22,963
Current assets
Debtors	6	9,553	12,998
Cash at bank and in hand		36,467	5,044
		46,020	18,042
Creditors: Amounts falling due within one year	7	(47,866)	(31,406)
Net current liabilities		(1,846)	(13,364)
Total assets less current liabilities		22,763	9,599
Creditors: Amounts falling due after more than one year	7	-	(1,935)
Provisions for liabilities		(4,676)	(4,363)
Net assets		18,087	3,301
Capital and reserves
Called up share capital		100	100
Retained earnings		17,987	3,201
Shareholders' funds		18,087	3,301

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 30 October 2026
 

......................................... Stuart Kilpatrick Company secretary and director

S Kilpatrick Haulage Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

1	General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is:
11 Crunagh Road
Glenanne
Armagh
BT60 2LJ

These financial statements were authorised for issue by the director on 30 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

S Kilpatrick Haulage Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Plant & Machinery	20% Reducing Balance
Motor vehicles	20% Reducing Balance
Fixtures & Fittings	15% Reducing Balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

S Kilpatrick Haulage Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

4

Taxation

Tax charged/(credited) in the profit and loss account

S Kilpatrick Haulage Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

	2025 £	2024 £
Current taxation
UK corporation tax	6,322	917
Deferred taxation
Arising from origination and reversal of timing differences	313	(1,500)
Tax expense/(receipt) in the income statement	6,635	(583)

S Kilpatrick Haulage Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

5	Tangible assets

	Furniture, fittings and equipment  £	Other tangible assets £	Total £
Cost or valuation
At 1 November 2024	-	44,232	44,232
Additions	5,025	2,459	7,484
At 31 October 2025	5,025	46,691	51,716
Depreciation
At 1 November 2024	-	21,269	21,269
Charge for the year	754	5,084	5,838
At 31 October 2025	754	26,353	27,107
Carrying amount
At 31 October 2025	4,271	20,338	24,609
At 31 October 2024	-	22,963	22,963

6

Debtors

Current	2025 £	2024 £
Trade debtors	5,861	3,901
Other debtors	3,692	9,097
	9,553	12,998

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	-	7,638
Trade creditors		4,175	2,797
Taxation and social security		23,566	19,271
Accruals and deferred income		1,900	1,700
Other creditors		18,225	-
		47,866	31,406

Creditors: amounts falling due after more than one year

S Kilpatrick Haulage Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	-	1,935

8	Provisions for liabilities

	Deferred tax £	Total £
At 1 November 2024	4,363	4,363
Increase (decrease) in existing provisions	313	313
At 31 October 2025	4,676	4,676

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary Shares of £1 each	100	100	100	100

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	-	1,935

Current loans and borrowings

	2025 £	2024 £
Hire purchase contracts	-	7,638

11

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £100.00 (2024 - £80.00) per each Ordinary Shares		10,000		8,000

12	Related party transactions

S Kilpatrick Haulage Ltd

Notes to the Unaudited Financial Statements for the year ended 31 October 2025

Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	7,333	12,500

Dividends paid to the director

		2025 £		2024 £
Stuart Kilpatrick
Dividends Issued at 31/10/2025		10,000		8,000

13	Financial instruments

Categorisation of financial instruments

2025 £

2024 £