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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
Page
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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
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WEARDALE LOGISTICS LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,744 
6,325 
Current assets
Inventories
18,351 
17,101 
Debtors
141,681 
134,156 
Cash at bank and in hand
61,669 
67,639 
221,701 
218,896 
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)
Net assets
85,068 
74,062 
Capital and reserves
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
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WEARDALE LOGISTICS LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2023
2,677 
2,067 
4,744 
At 31 December 2022
3,569 
2,756 
6,325 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
140,002 
133,340 
Accrued income and prepayments
957 
816 
Other debtors
722 
- 
141,681 
134,156 
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WEARDALE LOGISTICS LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,423 
263 
Trade creditors
109,609 
103,386 
Taxes and social security
2,953 
3,352 
Loans from directors
692 
8,508 
Accruals
700 
650 
116,377 
116,159 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,000 
35,000 
COVID-19 Bounceback Loan
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).
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