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REGISTERED NUMBER: SC755691 (Scotland)















Unaudited Financial Statements

for the Period 17 January 2023 to 31 January 2024

for

DIW TRANSPORT LIMITED

DIW TRANSPORT LIMITED (REGISTERED NUMBER: SC755691)

Contents of the Financial Statements
for the Period 17 January 2023 to 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIW TRANSPORT LIMITED

Company Information
for the Period 17 January 2023 to 31 January 2024







DIRECTORS: D I Weston
A J Weston





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC755691 (Scotland)






DIW TRANSPORT LIMITED (REGISTERED NUMBER: SC755691)

Balance Sheet
31 January 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 331,195

CURRENT ASSETS
Debtors 5 154,392
Cash at bank 74,699
229,091
CREDITORS
Amounts falling due within one year 6 228,550
NET CURRENT ASSETS 541
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,736

CREDITORS
Amounts falling due after more than one
year

7

(40,333

)

PROVISIONS FOR LIABILITIES (82,482 )
NET ASSETS 208,921

CAPITAL AND RESERVES
Called up share capital 1
Retained earnings 208,920
208,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 January 2024 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.

DIW TRANSPORT LIMITED (REGISTERED NUMBER: SC755691)

Balance Sheet - continued
31 January 2024


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 22 July 2024 and were signed on its behalf by:





D I Weston - Director


DIW TRANSPORT LIMITED (REGISTERED NUMBER: SC755691)

Notes to the Financial Statements
for the Period 17 January 2023 to 31 January 2024


1. STATUTORY INFORMATION

DIW Transport Limited is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery - 20% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the period 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 period 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 period was 2 .

DIW TRANSPORT LIMITED (REGISTERED NUMBER: SC755691)

Notes to the Financial Statements - continued
for the Period 17 January 2023 to 31 January 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
Additions 150,724 1,600 219,750 3,328 375,402
At 31 January 2024 150,724 1,600 219,750 3,328 375,402
DEPRECIATION
Charge for period 16,577 333 26,650 647 44,207
At 31 January 2024 16,577 333 26,650 647 44,207
NET BOOK VALUE
At 31 January 2024 134,147 1,267 193,100 2,681 331,195

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 154,392

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 41,667
Trade creditors 94,118
Taxation and social security 5,976
Other creditors 86,789
228,550

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 40,333

8. ULTIMATE CONTROLLING PARTY

The controlling party is D I Weston.