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REGISTERED NUMBER: 10922844 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

DAVID HOWELLS TRANSPORT LTD

DAVID HOWELLS TRANSPORT LTD (REGISTERED NUMBER: 10922844)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DAVID HOWELLS TRANSPORT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: D S Howells
M C Howells





SECRETARY:





REGISTERED OFFICE: 13 Elgar Avenue
Port Talbot
SA12 7TH





REGISTERED NUMBER: 10922844 (England and Wales)





ACCOUNTANTS: Roger Byers & Co. Limited
Castle Buildings
23 Church Place
Neath
SA11 3LP

DAVID HOWELLS TRANSPORT LTD (REGISTERED NUMBER: 10922844)

BALANCE SHEET
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 457,135 467,206

CURRENT ASSETS
Debtors 5 123,855 147,396
Cash at bank 123,875 94,742
247,730 242,138
CREDITORS
Amounts falling due within one year 6 (312,645 ) (341,224 )
NET CURRENT LIABILITIES (64,915 ) (99,086 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,220

368,120

CREDITORS
Amounts falling due after more than one
year

7

(31,567

)

(40,494

)

PROVISIONS FOR LIABILITIES (86,857 ) (82,871 )
NET ASSETS 273,796 244,755

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 273,696 244,655
SHAREHOLDERS' FUNDS 273,796 244,755

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

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

The directors acknowledge their 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.

DAVID HOWELLS TRANSPORT LTD (REGISTERED NUMBER: 10922844)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 6 December 2023 and were signed on its behalf by:





M C Howells - Director


DAVID HOWELLS TRANSPORT LTD (REGISTERED NUMBER: 10922844)

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


1. STATUTORY INFORMATION

David Howells Transport Ltd 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.

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 and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 13 (2022 - 11 ) .

DAVID HOWELLS TRANSPORT LTD (REGISTERED NUMBER: 10922844)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 577,117
Additions 69,000
At 31 August 2023 646,117
DEPRECIATION
At 1 September 2022 109,911
Charge for year 79,071
At 31 August 2023 188,982
NET BOOK VALUE
At 31 August 2023 457,135
At 31 August 2022 467,206

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 123,755 147,296
Other debtors 100 100
123,855 147,396

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 158,350 197,625
Trade creditors 63,551 28,454
Taxation and social security 35,126 58,077
Other creditors 55,618 57,068
312,645 341,224

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 31,567 40,494

Amounts falling due in more than five years:

Repayable by instalments
Bounce Back Loan 31,567 40,494