Caseware UK (AP4) 2022.0.179 2022.0.179 2023-12-312023-12-311513true2023-01-01falseNo description of principal activitytrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. SC166658 2023-01-01 2023-12-31 SC166658 2022-01-01 2022-12-31 SC166658 2023-12-31 SC166658 2022-12-31 SC166658 c:Director1 2023-01-01 2023-12-31 SC166658 c:Director2 2023-01-01 2023-12-31 SC166658 c:RegisteredOffice 2023-01-01 2023-12-31 SC166658 d:Buildings 2023-01-01 2023-12-31 SC166658 d:Buildings 2023-12-31 SC166658 d:Buildings 2022-12-31 SC166658 d:Buildings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC166658 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 SC166658 d:PlantMachinery 2023-01-01 2023-12-31 SC166658 d:PlantMachinery 2023-12-31 SC166658 d:PlantMachinery 2022-12-31 SC166658 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC166658 d:MotorVehicles 2023-01-01 2023-12-31 SC166658 d:MotorVehicles 2023-12-31 SC166658 d:MotorVehicles 2022-12-31 SC166658 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC166658 d:OfficeEquipment 2023-01-01 2023-12-31 SC166658 d:OfficeEquipment 2023-12-31 SC166658 d:OfficeEquipment 2022-12-31 SC166658 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC166658 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 SC166658 d:CurrentFinancialInstruments 2023-12-31 SC166658 d:CurrentFinancialInstruments 2022-12-31 SC166658 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 SC166658 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 SC166658 d:ShareCapital 2023-12-31 SC166658 d:ShareCapital 2022-12-31 SC166658 d:CapitalRedemptionReserve 2023-12-31 SC166658 d:CapitalRedemptionReserve 2022-12-31 SC166658 d:RetainedEarningsAccumulatedLosses 2023-12-31 SC166658 d:RetainedEarningsAccumulatedLosses 2022-12-31 SC166658 c:OrdinaryShareClass2 2023-01-01 2023-12-31 SC166658 c:OrdinaryShareClass2 2023-12-31 SC166658 c:OrdinaryShareClass2 2022-12-31 SC166658 c:OrdinaryShareClass4 2023-01-01 2023-12-31 SC166658 c:OrdinaryShareClass4 2023-12-31 SC166658 c:OrdinaryShareClass4 2022-12-31 SC166658 c:OrdinaryShareClass5 2023-01-01 2023-12-31 SC166658 c:OrdinaryShareClass5 2023-12-31 SC166658 c:OrdinaryShareClass5 2022-12-31 SC166658 c:FRS102 2023-01-01 2023-12-31 SC166658 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 SC166658 c:FullAccounts 2023-01-01 2023-12-31 SC166658 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: SC166658










WW GLENDINNING HAULAGE CONTRACTORS LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
WW GLENDINNING HAULAGE CONTRACTORS LTD
 

COMPANY INFORMATION


Directors
Mr B Glendinning 
Mr W S Glendinning 




Registered number
SC166658



Registered office
c/o EQ Accountants Limited
Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH




Accountants
EQ Accountants Limited
Chartered Accountants

Pentland House

Saltire Centre

Glenrothes

Fife

KY6 2AH





 
WW GLENDINNING HAULAGE CONTRACTORS LTD
REGISTERED NUMBER: SC166658

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
£
£

Fixed assets
  

Tangible assets
 4 
727,109
712,650

  
727,109
712,650

Current assets
  

Stocks
  
2,500
2,500

Debtors
 5 
265,961
309,035

Cash at bank and in hand
  
726,863
715,303

  
995,324
1,026,838

Creditors: amounts falling due within one year
 6 
(489,440)
(464,678)

Net current assets
  
 
 
505,884
 
 
562,160

Total assets less current liabilities
  
1,232,993
1,274,810

Provisions for liabilities
  

Deferred tax
  
(181,593)
(177,962)

  
 
 
(181,593)
 
 
(177,962)

Net assets
  
1,051,400
1,096,848


Capital and reserves
  

Called up share capital 
 7 
21
21

Capital redemption reserve
  
79
79

Profit and loss account
  
1,051,300
1,096,748

  
1,051,400
1,096,848

Page 1

 
WW GLENDINNING HAULAGE CONTRACTORS LTD
REGISTERED NUMBER: SC166658

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr W S Glendinning
Mr B Glendinning
Director
Director


Date: 27 March 2024
Date:27 March 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
WW GLENDINNING HAULAGE CONTRACTORS LTD
 

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

1.


General information

WW Glendinning Haulage Contractors Ltd is a private company, limited by shares, domiciled in Scotland, registration number SC166658. The registered office is Pentland House, Saltire Centre, Glenrothes, Fife, KY6 2AH, the trading address is Glenmar, Kennoway Road, Windygates, Fife, KY8 5BX.
The financial statements are presented in sterling, which is the functional currency of the company, and presented to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
WW GLENDINNING HAULAGE CONTRACTORS LTD
 

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

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Page 4

 
WW GLENDINNING HAULAGE CONTRACTORS LTD
 

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

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.


Property improvements
-
2%
Straight line
Plant and machinery
-
20%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Office equipment
-
20%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 13 (2022 - 15).

Page 5

 
WW GLENDINNING HAULAGE CONTRACTORS LTD
 

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

4.


Tangible fixed assets





Property imp'ments
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2023
23,022
113,977
1,981,169
9,612
2,127,780


Additions
-
10,330
244,500
-
254,830


Disposals
-
(3,700)
(235,179)
-
(238,879)



At 31 December 2023

23,022
120,607
1,990,490
9,612
2,143,731



Depreciation


At 1 January 2023
6,220
90,225
1,311,290
7,395
1,415,130


Charge for the year on owned assets
461
8,238
212,071
192
220,962


Disposals
-
(3,441)
(216,029)
-
(219,470)



At 31 December 2023

6,681
95,022
1,307,332
7,587
1,416,622



Net book value



At 31 December 2023
16,341
25,585
683,158
2,025
727,109



At 31 December 2022
16,802
23,752
669,879
2,217
712,650


5.


Debtors

2023
2022
£
£



Trade debtors
217,079
281,560

Prepayments and accrued income
48,882
27,475

265,961
309,035


Page 6

 
WW GLENDINNING HAULAGE CONTRACTORS LTD
 

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

6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
80
75

Trade creditors
54,312
95,846

Other taxation and social security
175,754
191,993

Other creditors
246,179
169,424

Accruals and deferred income
13,115
7,340

489,440
464,678



7.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary A share of £1.00
1
1
10 (2022 - 10) Ordinary C shares of £1.00 each
10
10
10 (2022 - 10) Ordinary D shares of £1.00 each
10
10

21

21



Page 7