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Registered number: 08876090
T W Road Haulage Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08876090
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 387,796 396,155
387,796 396,155
CURRENT ASSETS
Stocks 93,770 97,396
Debtors 562,739 567,290
Cash at bank and in hand 76,081 47,652
732,590 712,338
Creditors: Amounts Falling Due Within One Year (750,654 ) (729,760 )
NET CURRENT ASSETS (LIABILITIES) (18,064 ) (17,422 )
TOTAL ASSETS LESS CURRENT LIABILITIES 369,732 378,733
Creditors: Amounts Falling Due After More Than One Year (218,526 ) (267,319 )
NET ASSETS 151,206 111,414
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 151,106 111,314
SHAREHOLDERS' FUNDS 151,206 111,414
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Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 28 February 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Terry Watts
Director
12th August 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
T W Road Haulage Ltd Registered number 08876090 is a limited by shares company incorporated in England & Wales. The Registered Office is Henry Brake House, 46 Hullbridge Road, South Woodham Ferrers, Essex, CM3 5NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
3. Average Number of Employees
Average number of employees, including directors, during the year was as follows:
2024 2023
Office and administration 10 15
10 15
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4. Tangible Assets
Total
£
Cost
As at 1 March 2023 638,968
Additions 90,501
Disposals (4,667 )
As at 28 February 2024 724,802
Depreciation
As at 1 March 2023 242,813
Provided during the period 96,948
Disposals (2,755 )
As at 28 February 2024 337,006
Net Book Value
As at 28 February 2024 387,796
As at 1 March 2023 396,155
5. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 148,201 203,153
Later than one year and not later than five years 218,526 219,435
366,727 422,588
366,727 422,588
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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