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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
Page
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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
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TWE Haulage Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,458,664 
1,056,584 
Current assets
Inventories
5,977 
18,953 
Debtors
1,538,155 
1,732,131 
Cash at bank and in hand
654,783 
646,064 
2,198,915 
2,397,148 
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 
Capital and reserves
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
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TWE Haulage Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
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 
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TWE Haulage Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
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 
1,538,155 
1,732,131 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
41,434 
125,605 
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 
Accruals
13,759 
73,158 
993,343 
1,088,672 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
34,612 
Obligations under finance leases and hire purchase contracts
339,761 
225,438 
339,761 
260,050 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
188,188 
137,361 
2023 
2022 
£ 
£ 
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).
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