Company Registration No. 03634103 (England and Wales)
TWE Haulage Limited
Unaudited accounts
for the year ended 31 March 2023
TWE Haulage Limited
Unaudited accounts
Contents
TWE Haulage Limited
Company Information
for the year ended 31 March 2023
Directors
Ross Edden
Trevor Edden
Tristan Edden
Company Number
03634103 (England and Wales)
Registered Office
Clearway House
Clearway Industrial Estate
Banbury
Oxfordshire
OX16 4US
Accountants
Anthistle Craven
Moreton House
31 High Street
Buckingham
Bucks
MK18 1NU
TWE Haulage Limited
Statement of financial position
as at 31 March 2023
Tangible assets
1,458,664
1,056,584
Debtors
1,538,155
1,732,131
Cash at bank and in hand
654,783
646,064
Creditors: amounts falling due within one year
(993,343)
(1,088,672)
Net current assets
1,205,572
1,308,476
Total assets less current liabilities
2,664,236
2,365,060
Creditors: amounts falling due after more than one year
(339,761)
(260,050)
Provisions for liabilities
Deferred tax
(188,188)
(137,361)
Net assets
2,136,287
1,967,649
Called up share capital
2
2
Profit and loss account
2,136,285
1,967,647
Shareholders' funds
2,136,287
1,967,649
For the year ending 31 March 2023 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by
Ross Edden
Director
Company Registration No. 03634103
TWE Haulage Limited
Notes to the Accounts
for the year ended 31 March 2023
TWE Haulage Limited is a private company, limited by shares, registered in England and Wales, registration number 03634103. The registered office is Clearway House, Clearway Industrial Estate, Banbury, Oxfordshire, OX16 4US.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
307,299
153,062
1,639,140
28,635
2,128,136
Additions
136,148
7,829
577,743
9,739
731,459
Disposals
-
(1,192)
(162,603)
(7,175)
(170,970)
At 31 March 2023
443,447
159,699
2,054,280
31,199
2,688,625
At 1 April 2022
-
112,139
937,827
21,586
1,071,552
Charge for the year
-
20,639
304,546
4,194
329,379
On disposals
-
(1,192)
(162,603)
(7,175)
(170,970)
At 31 March 2023
-
131,586
1,079,770
18,605
1,229,961
At 31 March 2023
443,447
28,113
974,510
12,594
1,458,664
At 31 March 2022
307,299
40,923
701,313
7,049
1,056,584
TWE Haulage Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
1,435,278
1,611,658
Accrued income and prepayments
97,977
108,592
Other debtors
4,900
11,881
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
214,825
108,927
Trade creditors
542,933
630,457
Taxes and social security
44,786
42,888
Other creditors
6,953
2,323
Loans from directors
128,653
105,314
7
Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
339,761
225,438
8
Deferred taxation
2023
2022
Accelerated capital allowances
188,188
137,361
Provision at start of year
137,361
93,212
Charged to the profit and loss account
50,827
44,149
Provision at end of year
188,188
137,361
9
Average number of employees
During the year the average number of employees was 46 (2022: 43).