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REGISTERED NUMBER: 08586247 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Willow Transport Solutions Limited

Willow Transport Solutions Limited (Registered number: 08586247)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Willow Transport Solutions Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr L P Nix
Mr C L Betts
Mr D A Drinkwater
Mr M A Truscott





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 08586247 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Willow Transport Solutions Limited (Registered number: 08586247)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 571,410 609,731

CURRENT ASSETS
Debtors 5 133,435 90,539
Cash at bank 7,890 -
141,325 90,539
CREDITORS
Amounts falling due within one year 6 257,417 227,672
NET CURRENT LIABILITIES (116,092 ) (137,133 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

455,318

472,598

CREDITORS
Amounts falling due after more than one
year

7

(380,901

)

(522,070

)

PROVISIONS FOR LIABILITIES (108,499 ) (129,606 )
NET LIABILITIES (34,082 ) (179,078 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 5,200 5,200
Retained earnings (40,282 ) (185,278 )
SHAREHOLDERS' FUNDS (34,082 ) (179,078 )

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

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

Willow Transport Solutions Limited (Registered number: 08586247)

Balance Sheet - continued
31 July 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 12 October 2023 and were signed on its behalf by:




Mr L P Nix - Director



Mr C L Betts - Director


Willow Transport Solutions Limited (Registered number: 08586247)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Willow Transport Solutions 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 invoiced services provided, 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.

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.

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.

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 9 (2022 - 16 ) .

Willow Transport Solutions Limited (Registered number: 08586247)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 August 2022 163,118 7,813 921,090 8,656 1,100,677
Additions - 833 - 388 1,221
Disposals (11,384 ) - (34,995 ) - (46,379 )
At 31 July 2023 151,734 8,646 886,095 9,044 1,055,519
DEPRECIATION
At 1 August 2022 146,258 7,437 328,944 8,307 490,946
Charge for year 14,622 175 6,000 291 21,088
Eliminated on disposal (11,384 ) - (16,541 ) - (27,925 )
At 31 July 2023 149,496 7,612 318,403 8,598 484,109
NET BOOK VALUE
At 31 July 2023 2,238 1,034 567,692 446 571,410
At 31 July 2022 16,860 376 592,146 349 609,731

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 August 2022 134,025 921,090 1,055,115
Disposals - (34,995 ) (34,995 )
At 31 July 2023 134,025 886,095 1,020,120
DEPRECIATION
At 1 August 2022 122,091 328,944 451,035
Charge for year 11,934 6,000 17,934
Eliminated on disposal - (16,541 ) (16,541 )
At 31 July 2023 134,025 318,403 452,428
NET BOOK VALUE
At 31 July 2023 - 567,692 567,692
At 31 July 2022 11,934 592,146 604,080

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 121,738 76,977
Other debtors 708 708
Prepayments 10,989 12,854
133,435 90,539

Willow Transport Solutions Limited (Registered number: 08586247)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts - 6,533
Hire purchase contracts 142,914 143,197
Trade creditors 19,863 33,410
Tax 43,003 2
Social security and other taxes 7,185 8,675
VAT 34,123 28,134
Other creditors 6,134 3,997
Accrued expenses 4,195 3,724
257,417 227,672

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 380,901 522,070