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REGISTERED NUMBER: 12109101 (England and Wales)















BREAKWELLS TRANSPORT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BREAKWELLS TRANSPORT LIMITED (REGISTERED NUMBER: 12109101)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


BREAKWELLS TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs E G Breakwell
Mr J E Breakwell
Mrs J D Breakwell
Mrs G A Burston
Mr J R Burston





REGISTERED OFFICE: 15-17 Church Street
Stourbridge
West Midlands
DY8 1LU





REGISTERED NUMBER: 12109101 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BREAKWELLS TRANSPORT LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Breakwells Transport Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Breakwells Transport Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Breakwells Transport Limited and state those matters that we have agreed to state to the Board of Directors of Breakwells Transport Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Breakwells Transport Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Breakwells Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Breakwells Transport Limited. You consider that Breakwells Transport Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Breakwells Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


6 November 2023

BREAKWELLS TRANSPORT LIMITED (REGISTERED NUMBER: 12109101)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 211,829 269,292

CURRENT ASSETS
Stocks 71,579 44,392
Debtors 5 810,445 727,470
Cash at bank and in hand 9,935 36,011
891,959 807,873
CREDITORS
Amounts falling due within one year 6 855,077 793,347
NET CURRENT ASSETS 36,882 14,526
TOTAL ASSETS LESS CURRENT
LIABILITIES

248,711

283,818

CREDITORS
Amounts falling due after more than one year 7 (57,015 ) (106,701 )

PROVISIONS FOR LIABILITIES (26,954 ) (26,722 )
NET ASSETS 164,742 150,395

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 164,734 150,387
SHAREHOLDERS' FUNDS 164,742 150,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

BREAKWELLS TRANSPORT LIMITED (REGISTERED NUMBER: 12109101)

BALANCE SHEET - continued
31 MARCH 2023


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 6 November 2023 and were signed on its behalf by:





Mrs E G Breakwell - Director


BREAKWELLS TRANSPORT LIMITED (REGISTERED NUMBER: 12109101)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Breakwells Transport Limited is a private company, limited by shares , registered in England and Wales. 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 represents net sales of goods/services, excluding value added tax

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 - 25% on cost and 20% on cost

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 year 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 year 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.

BREAKWELLS TRANSPORT LIMITED (REGISTERED NUMBER: 12109101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


2. ACCOUNTING POLICIES - continued

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 year was 23 (2022 - 25 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 37,361 5,215 234,378 8,914 285,868
Additions - - 2,873 790 3,663
Disposals - - (1,000 ) - (1,000 )
At 31 March 2023 37,361 5,215 236,251 9,704 288,531
DEPRECIATION
At 1 April 2022 1,457 2,086 12,287 746 16,576
Charge for year 9,341 1,304 47,384 2,328 60,357
Eliminated on disposal - - (231 ) - (231 )
At 31 March 2023 10,798 3,390 59,440 3,074 76,702
NET BOOK VALUE
At 31 March 2023 26,563 1,825 176,811 6,630 211,829
At 31 March 2022 35,904 3,129 222,091 8,168 269,292

BREAKWELLS TRANSPORT LIMITED (REGISTERED NUMBER: 12109101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2022
and 31 March 2023 198,389
DEPRECIATION
At 1 April 2022 9,203
Charge for year 39,678
At 31 March 2023 48,881
NET BOOK VALUE
At 31 March 2023 149,508
At 31 March 2022 189,186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 284,527 306,423
Other debtors 525,918 421,047
810,445 727,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 163,702 139,379
Hire purchase contracts 43,645 42,437
Trade creditors 248,916 204,069
Amounts owed to group undertakings 44,273 28,096
Taxation and social security 184,012 150,928
Other creditors 170,529 228,438
855,077 793,347

BREAKWELLS TRANSPORT LIMITED (REGISTERED NUMBER: 12109101)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 32,068 38,108
Hire purchase contracts 24,947 68,593
57,015 106,701

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 1,857

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling company is Breakwell Holdings Limited, a company incorporated in the United Kingdom.