Registered number
05476946
D.A.W.S Transport Services Limited
Unaudited Filleted Accounts
30 June 2023
D.A.W.S Transport Services Limited
Registered number: 05476946
Balance Sheet
as at 30 June 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 7,864 9,829
Tangible assets 4 132,559 83,166
140,423 92,995
Current assets
Debtors 5 276,570 194,330
Cash at bank and in hand 150,569 235,557
427,139 429,887
Creditors: amounts falling due within one year 6 (245,932) (274,618)
Net current assets 181,207 155,269
Total assets less current liabilities 321,630 248,264
Creditors: amounts falling due after more than one year 7 (19,167) (29,167)
Provisions for liabilities (33,000) (15,000)
Net assets 269,463 204,097
Capital and reserves
Called up share capital 100 100
Profit and loss account 269,363 203,997
Shareholders' funds 269,463 204,097
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Amanda Watkins-Smith
Director
Approved by the board on 14 March 2024
D.A.W.S Transport Services Limited
Notes to the Accounts
for the year ended 30 June 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Patents and licences are being amortised over their estimated useful life of nil years.
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:
Plant and machinery 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 16 15
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2022 61,646
At 30 June 2023 61,646
Amortisation
At 1 July 2022 51,817
Provided during the year 1,965
At 30 June 2023 53,782
Net book value
At 30 June 2023 7,864
At 30 June 2022 9,829
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2022 245,098
Additions 104,390
Disposals (63,845)
At 30 June 2023 285,643
Depreciation
At 1 July 2022 161,932
Charge for the year 46,889
On disposals (55,737)
At 30 June 2023 153,084
Net book value
At 30 June 2023 132,559
At 30 June 2022 83,166
5 Debtors 2023 2022
£ £
Trade debtors 198,461 144,082
Other debtors 78,109 50,248
276,570 194,330
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 66,226 74,902
Taxation and social security costs 69,363 90,152
Other creditors 100,343 99,564
245,932 274,618
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,167 29,167
8 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 288,888 397,221
9 Related party transactions
Included in Other creditors is an amount of £900 (2022 £43,684) owed to the Directors, payable on demand and without interest.
10 Other information
D.A.W.S Transport Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Westons Way
Kingswood
Bristol
Avon
BS15 9RR
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