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REGISTERED NUMBER: 11609758 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TWO WHEELS LOGISTICS LTD

TWO WHEELS LOGISTICS LTD (REGISTERED NUMBER: 11609758)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

TWO WHEELS LOGISTICS LTD

COMPANY INFORMATION
for the Year Ended 31 October 2023







DIRECTOR: S North





SECRETARY: Mrs A L Sokhi-North





REGISTERED OFFICE: Unit 15
Hockliffe Business Park
Watling Street
Hockliffe
Bedfordshire
LU7 9NB





REGISTERED NUMBER: 11609758 (England and Wales)





ACCOUNTANTS: Graham Hunt & Co
Chartered Accountants
Unit 15
Hockliffe Business Park
Watling Street
Hockliffe
Bedfordshire
LU7 9NB

TWO WHEELS LOGISTICS LTD (REGISTERED NUMBER: 11609758)

BALANCE SHEET
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,614 15,976

CURRENT ASSETS
Debtors 5 106,079 128,645
Cash at bank 17,552 16,587
123,631 145,232
CREDITORS
Amounts falling due within one year 6 70,189 95,045
NET CURRENT ASSETS 53,442 50,187
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,056

66,163

CREDITORS
Amounts falling due after more than one year 7 79,606 64,113
NET ASSETS 450 2,050

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 350 1,950
450 2,050

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

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

The director acknowledges his 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.

TWO WHEELS LOGISTICS LTD (REGISTERED NUMBER: 11609758)

BALANCE SHEET - continued
31 October 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 director and authorised for issue on 26 July 2024 and were signed by:





S North - Director


TWO WHEELS LOGISTICS LTD (REGISTERED NUMBER: 11609758)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Two Wheels Logistics 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

TWO WHEELS LOGISTICS LTD (REGISTERED NUMBER: 11609758)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 25,299
Additions 16,000
Disposals (10,000 )
At 31 October 2023 31,299
DEPRECIATION
At 1 November 2022 9,323
Charge for year 1,143
Eliminated on disposal (5,781 )
At 31 October 2023 4,685
NET BOOK VALUE
At 31 October 2023 26,614
At 31 October 2022 15,976

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2022 24,000
Additions 16,000
Disposals (10,000 )
At 31 October 2023 30,000
DEPRECIATION
At 1 November 2022 8,998
Charge for year 899
Eliminated on disposal (5,781 )
At 31 October 2023 4,116
NET BOOK VALUE
At 31 October 2023 25,884
At 31 October 2022 15,002

TWO WHEELS LOGISTICS LTD (REGISTERED NUMBER: 11609758)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 39,906 52,228
Other debtors 66,173 76,417
106,079 128,645

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 20,544 46,753
Hire purchase contracts 6,939 6,035
Trade creditors - (1 )
Taxation and social security 41,399 40,951
Other creditors 1,307 1,307
70,189 95,045

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 69,721 61,124
Hire purchase contracts 9,885 2,989
79,606 64,113

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
TWO WHEELS LOGISTICS LTD

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Two Wheels Logistics Ltd for the year ended 31 October 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Two Wheels Logistics Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Two Wheels Logistics Ltd and state those matters that we have agreed to state to the director of Two Wheels Logistics Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Two Wheels Logistics Ltd and its director for our work or for this report.

It is your duty to ensure that Two Wheels Logistics Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Two Wheels Logistics Ltd. You consider that Two Wheels Logistics Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Two Wheels Logistics Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Graham Hunt & Co
Chartered Accountants
Unit 15
Hockliffe Business Park
Watling Street
Hockliffe
Bedfordshire
LU7 9NB


26 July 2024