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Company Registration No. 03634103 (England and Wales)
TWE Haulage Limited Unaudited accounts for the year ended 31 March 2024
TWE Haulage Limited Unaudited accounts Contents
Page
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TWE Haulage Limited Company Information for the year ended 31 March 2024
Directors
Ross Edden Trevor Edden Tristan Edden
Company Number
03634103 (England and Wales)
Registered Office
Clearway House Clearway Industrial Estate Banbury Oxfordshire OX16 4US
Accountants
Anthistle Craven Moreton House 31 High Street Buckingham Bucks MK18 1NU
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TWE Haulage Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,706,487 
1,458,664 
Current assets
Inventories
8,949 
5,977 
Debtors
1,502,084 
1,538,155 
Cash at bank and in hand
415,612 
654,783 
1,926,645 
2,198,915 
Creditors: amounts falling due within one year
(1,016,807)
(993,343)
Net current assets
909,838 
1,205,572 
Total assets less current liabilities
2,616,325 
2,664,236 
Creditors: amounts falling due after more than one year
(270,181)
(339,761)
Provisions for liabilities
Deferred tax
(292,783)
(188,188)
Net assets
2,053,361 
2,136,287 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,053,359 
2,136,285 
Shareholders' funds
2,053,361 
2,136,287 
For the year ending 31 March 2024 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 21 August 2024 and were signed on its behalf by
Ross Edden Director Company Registration No. 03634103
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TWE Haulage Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
TWE Haulage Limited is a private company, limited by shares, registered in England and Wales, registration number 03634103. The registered office is Clearway House, Clearway Industrial Estate, Banbury, Oxfordshire, OX16 4US.
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% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
443,447 
159,699 
2,054,280 
31,199 
2,688,625 
Additions
16,190 
39,716 
684,696 
2,564 
743,166 
Disposals
- 
(20,962)
(158,788)
(1,810)
(181,560)
At 31 March 2024
459,637 
178,453 
2,580,188 
31,953 
3,250,231 
Depreciation
At 1 April 2023
- 
131,586 
1,079,770 
18,605 
1,229,961 
Charge for the year
- 
13,884 
432,436 
4,784 
451,104 
On disposals
- 
(9,342)
(126,230)
(1,749)
(137,321)
At 31 March 2024
- 
136,128 
1,385,976 
21,640 
1,543,744 
Net book value
At 31 March 2024
459,637 
42,325 
1,194,212 
10,313 
1,706,487 
At 31 March 2023
443,447 
28,113 
974,510 
12,594 
1,458,664 
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TWE Haulage Limited Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,367,620 
1,435,278 
Accrued income and prepayments
129,464 
97,977 
Other debtors
5,000 
4,900 
1,502,084 
1,538,155 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
134,217 
41,434 
Obligations under finance leases and hire purchase contracts
274,142 
214,825 
Trade creditors
500,016 
542,933 
Taxes and social security
82,805 
44,786 
Other creditors
4,147 
6,953 
Loans from directors
- 
128,653 
Accruals
21,480 
13,759 
1,016,807 
993,343 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
270,181 
339,761 
8
Controlling party
The immediate parent company and ultimate controlling party is TWE Group Holdings Ltd.
9
Average number of employees
During the year the average number of employees was 45 (2023: 46).
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