Registered number
12458184
Wilson Transport Ltd
Filleted Accounts
28 February 2023
Wilson Transport Ltd
Registered number: 12458184
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 70,418 88,022
Current assets
Debtors 4 100 237
Cash at bank and in hand 17,199 19,357
17,299 19,594
Creditors: amounts falling due within one year 5 (87,391) (106,932)
Net current liabilities (70,092) (87,338)
Net assets 326 684
Capital and reserves
Called up share capital 100 100
Profit and loss account 226 584
Shareholder's funds 326 684
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Malino Deigo Wilson
Director
Approved by the board on 28 November 2023
Wilson Transport Ltd
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor Vehicles 20% Reducing balance
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Motor vehicles
£
Cost
At 1 March 2022 110,028
At 28 February 2023 110,028
Depreciation
At 1 March 2022 22,006
Charge for the year 17,604
At 28 February 2023 39,610
Net book value
At 28 February 2023 70,418
At 28 February 2022 88,022
4 Debtors 2023 2022
£ £
Other debtors 100 237
5 Creditors: amounts falling due within one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 83,847 102,892
Trade creditors 188 169
Director loan 45 -
Other creditors 3,311 3,871
87,391 106,932
6 Other information
Wilson Transport Ltd is a private company limited by shares and incorporated in England. Its registered office is:
17 Meadow Road
Birmingham
West Midlands
B62 8NJ
Wilson Transport Ltd 12458184 false 2022-03-01 2023-02-28 2023-02-28 VT Final Accounts October 2023 release 2 Malino Deigo Wilson No description of principal activity 12458184 2021-03-01 2022-02-28 12458184 core:WithinOneYear 2022-02-28 12458184 core:ShareCapital 2022-02-28 12458184 core:RetainedEarningsAccumulatedLosses 2022-02-28 12458184 2022-03-01 2023-02-28 12458184 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 12458184 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 12458184 bus:Director40 2022-03-01 2023-02-28 12458184 core:Vehicles 2022-03-01 2023-02-28 12458184 countries:England 2022-03-01 2023-02-28 12458184 bus:FRS102 2022-03-01 2023-02-28 12458184 bus:FullAccounts 2022-03-01 2023-02-28 12458184 2023-02-28 12458184 core:WithinOneYear 2023-02-28 12458184 core:ShareCapital 2023-02-28 12458184 core:RetainedEarningsAccumulatedLosses 2023-02-28 12458184 core:Vehicles 2023-02-28 12458184 2022-02-28 12458184 core:Vehicles 2022-02-28 iso4217:GBP xbrli:pure