IRIS Accounts Production v23.3.1.45 04435436 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044354362022-05-31044354362023-05-31044354362022-06-012023-05-31044354362021-05-31044354362021-06-012022-05-31044354362022-05-3104435436ns10:Originalns15:EnglandWales2022-06-012023-05-3104435436ns14:PoundSterlingns10:Original2022-06-012023-05-3104435436ns10:Originalns10:Director12022-06-012023-05-3104435436ns10:Original2022-06-012023-05-3104435436ns10:Original2023-05-3104435436ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-3104435436ns10:Originalns10:SmallEntities2022-06-012023-05-3104435436ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-3104435436ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-3104435436ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-3104435436ns10:Originalns10:FullAccounts2022-06-012023-05-3104435436ns10:CompanySecretary1ns10:Original2022-06-012023-05-3104435436ns10:Originalns10:RegisteredOffice2022-06-012023-05-3104435436ns10:Original2022-05-3104435436ns10:Originalns5:CurrentFinancialInstruments2023-05-3104435436ns10:Originalns5:CurrentFinancialInstruments2022-05-3104435436ns10:Originalns5:Non-currentFinancialInstruments2023-05-3104435436ns10:Originalns5:Non-currentFinancialInstruments2022-05-3104435436ns5:ShareCapitalns10:Original2023-05-3104435436ns5:ShareCapitalns10:Original2022-05-3104435436ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-3104435436ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-3104435436ns10:Originalns5:LeaseholdImprovements2022-06-012023-05-3104435436ns10:Originalns5:FurnitureFittings2022-06-012023-05-3104435436ns10:Originalns5:ComputerEquipment2022-06-012023-05-3104435436ns10:Original2021-06-012022-05-3104435436ns10:Originalns5:LeaseholdImprovements2022-05-3104435436ns10:Originalns5:FurnitureFittings2022-05-3104435436ns10:Originalns5:ComputerEquipment2022-05-3104435436ns10:Original2022-05-3104435436ns10:Originalns5:LeaseholdImprovements2023-05-3104435436ns10:Originalns5:FurnitureFittings2023-05-3104435436ns10:Originalns5:ComputerEquipment2023-05-3104435436ns10:Originalns5:LeaseholdImprovements2022-05-3104435436ns10:Originalns5:FurnitureFittings2022-05-3104435436ns10:Originalns5:ComputerEquipment2022-05-3104435436ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3104435436ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-05-3104435436ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3104435436ns10:Originalns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-05-31
REGISTERED NUMBER: 04435436 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

DAVE WILES TRANSPORT LIMITED

DAVE WILES TRANSPORT LIMITED (REGISTERED NUMBER: 04435436)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVE WILES TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: D.A. Wiles





SECRETARY: E.J. Glass





REGISTERED OFFICE: 3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW





REGISTERED NUMBER: 04435436 (England and Wales)





ACCOUNTANTS: GKP (Ampthill) Limited
Chartered Accountants
3 Doolittle Yard
Froghall Road
Ampthill
Bedfordshire
MK45 2NW

DAVE WILES TRANSPORT LIMITED (REGISTERED NUMBER: 04435436)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,305 53,996

CURRENT ASSETS
Stocks 900 900
Debtors 5 - 2,322
900 3,222
CREDITORS
Amounts falling due within one year 6 30,724 23,494
NET CURRENT LIABILITIES (29,824 ) (20,272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,481

33,724

CREDITORS
Amounts falling due after more than one
year

7

(14,000

)

(21,000

)

PROVISIONS FOR LIABILITIES (8,798 ) (10,259 )
NET (LIABILITIES)/ASSETS (6,317 ) 2,465

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (6,318 ) 2,464
SHAREHOLDERS' FUNDS (6,317 ) 2,465

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

DAVE WILES TRANSPORT LIMITED (REGISTERED NUMBER: 04435436)

BALANCE SHEET - continued
31 MAY 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 director and authorised for issue on 15 February 2024 and were signed by:





D.A. Wiles - Director


DAVE WILES TRANSPORT LIMITED (REGISTERED NUMBER: 04435436)

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


1. STATUTORY INFORMATION

Dave Wiles 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Commercial vehicles - 5% on cost
Equipment - 20% on reducing balance and 15% on reducing balance
Computer equipment - 33% 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.

Hire purchase
Assets obtained under hire purchase contract are capitalised on the balance sheet. Assets held under hire purchase contract are depreciated over their estimated useful lives.

The interest element of these obligation is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

DAVE WILES TRANSPORT LIMITED (REGISTERED NUMBER: 04435436)

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


2. ACCOUNTING POLICIES - continued

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 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Commercial Computer
vehicles Equipment equipment Totals
£    £    £    £   
COST
At 1 June 2022 102,830 4,077 2,520 109,427
Disposals - (3,843 ) - (3,843 )
At 31 May 2023 102,830 234 2,520 105,584
DEPRECIATION
At 1 June 2022 51,415 1,634 2,382 55,431
Charge for year 5,141 770 115 6,026
Eliminated on disposal - (2,178 ) - (2,178 )
At 31 May 2023 56,556 226 2,497 59,279
NET BOOK VALUE
At 31 May 2023 46,274 8 23 46,305
At 31 May 2022 51,415 2,443 138 53,996

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT - 2,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,459 10,926
Trade creditors - 1,516
Social security and other taxes 797 2,448
VAT 1,219 -
Directors' current accounts 11,778 7,028
Accruals and deferred income 1,471 1,576
30,724 23,494

DAVE WILES TRANSPORT LIMITED (REGISTERED NUMBER: 04435436)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 14,000 14,000
Bank loans - 2-5 years - 7,000
14,000 21,000

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount of £11,778 (2022: £7,028) owed to the director, D A Wiles. The loan is interest free.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D.A. Wiles.