Company Registration No. 11093755 (England and Wales)
WEARDALE LOGISTICS LTD
Unaudited accounts
for the year ended 31 December 2023
WEARDALE LOGISTICS LTD
Unaudited accounts
Contents
WEARDALE LOGISTICS LTD
Company Information
for the year ended 31 December 2023
Directors
William Elliott Hobson
Richard Alexander Hobson
Company Number
11093755 (England and Wales)
Registered Office
67 Northumbrian Way
North Shields
Tyne and Wear
NE29 6XG
Accountants
Wardle Business Solutions Ltd.
Orchard House
Pittington Road
Rainton Gate
Tyne and Wear
DH5 9RG
WEARDALE LOGISTICS LTD
Statement of financial position
as at 31 December 2023
Tangible assets
4,744
6,325
Cash at bank and in hand
61,669
67,639
Creditors: amounts falling due within one year
(116,377)
(116,159)
Net current assets
105,324
102,737
Total assets less current liabilities
110,068
109,062
Creditors: amounts falling due after more than one year
(25,000)
(35,000)
Called up share capital
100
100
Profit and loss account
84,968
73,962
Shareholders' funds
85,068
74,062
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 23 March 2024 and were signed on its behalf by
William Elliott Hobson
Director
Company Registration No. 11093755
WEARDALE LOGISTICS LTD
Notes to the Accounts
for the year ended 31 December 2023
WEARDALE LOGISTICS LTD is a private company, limited by shares, registered in England and Wales, registration number 11093755. The registered office is 67 Northumbrian Way, North Shields, Tyne and Wear, NE29 6XG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
7,500
4,900
12,400
At 31 December 2023
7,500
4,900
12,400
At 1 January 2023
3,931
2,144
6,075
Charge for the year
892
689
1,581
At 31 December 2023
4,823
2,833
7,656
At 31 December 2023
2,677
2,067
4,744
At 31 December 2022
3,569
2,756
6,325
Amounts falling due within one year
Trade debtors
140,002
133,340
Accrued income and prepayments
957
816
WEARDALE LOGISTICS LTD
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
109,609
103,386
Taxes and social security
2,953
3,352
Loans from directors
692
8,508
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
Wolsingham Developments Ltd
WE Hobson is a Director and Shareholder
Purchase of materials and services at market rates £568 (2022 £6,730)
Deneside Management Ltd
WE Hobson is a Director, RA Hobson is a Shareholder
Purchase of materials and services at market rates £6,659
Amount due to related party £638
Hobson Bros (Stanhope) Ltd
WE Hobson and RA Hobson are Directors and Shareholders
Purchase of materials and services at market rates £234,799 (2022 £302,682)
Amount due to related party £85,580 (2022 £80,295)
9
Average number of employees
During the year the average number of employees was 0 (2022: 0).