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REGISTERED NUMBER: 02779409 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

JOHN BYWATER TRANSPORT LIMITED

JOHN BYWATER TRANSPORT LIMITED (REGISTERED NUMBER: 02779409)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


JOHN BYWATER TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: J-C Ricart
R Fiquet
K Letham



REGISTERED OFFICE:
Pike Road Industrial Estate
Pike Road
Eythorne
Kent
CT15 4ND



REGISTERED NUMBER: 02779409 (England and Wales)



SENIOR STATUTORY AUDITOR: Paul Flood BFP FCA



AUDITORS: Spain Brothers & Co
Chartered Accountants and Statutory Auditors
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

JOHN BYWATER TRANSPORT LIMITED (REGISTERED NUMBER: 02779409)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,095,463 759,629
Investments 6 25,000 25,000
1,120,463 784,629

CURRENT ASSETS
Stocks 7 3,539 24,000
Debtors 8 869,115 961,484
Cash at bank and in hand 54,826 91,798
927,480 1,077,282
CREDITORS
Amounts falling due within one year 9 775,989 848,729
NET CURRENT ASSETS 151,491 228,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,271,954

1,013,182

CREDITORS
Amounts falling due after more than one
year

10

(423,395

)

(176,300

)

PROVISIONS FOR LIABILITIES (220,741 ) (102,006 )
NET ASSETS 627,818 734,876

CAPITAL AND RESERVES
Called up share capital 1,316 1,316
Share premium 99,684 99,684
Retained earnings 526,818 633,876
627,818 734,876

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th May 2024 and were signed on its behalf by:



K Letham - Director


JOHN BYWATER TRANSPORT LIMITED (REGISTERED NUMBER: 02779409)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

John Bywater Transport Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 50 years
Improvements to property - Straight line over 15 years
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Fixtures and fittings - 50% on reducing balance, 40% on reducing balance, Straight line over 3 years and Straight line over 15 years
Motor vehicles - 25% on reducing balance, Straight line over life of lease, Straight line over 7 years and Straight line over 5 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


JOHN BYWATER TRANSPORT LIMITED (REGISTERED NUMBER: 02779409)

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


2. ACCOUNTING POLICIES - continued
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 49 (2022 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st December 2023 14,000
AMORTISATION
At 1st January 2023
and 31st December 2023 14,000
NET BOOK VALUE
At 31st December 2023 -
At 31st December 2022 -

JOHN BYWATER TRANSPORT LIMITED (REGISTERED NUMBER: 02779409)

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


5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1st January 2023 246,739 - 598,135
Additions - 16,606 47,770
Disposals - - (125,950 )
At 31st December 2023 246,739 16,606 519,955
DEPRECIATION
At 1st January 2023 6,296 - 422,356
Charge for year 1,046 356 32,838
Eliminated on disposal - - (114,962 )
At 31st December 2023 7,342 356 340,232
NET BOOK VALUE
At 31st December 2023 239,397 16,250 179,723
At 31st December 2022 240,443 - 175,779

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1st January 2023 73,854 1,223,207 2,141,935
Additions 7,065 480,643 552,084
Disposals - (381,850 ) (507,800 )
At 31st December 2023 80,919 1,322,000 2,186,219
DEPRECIATION
At 1st January 2023 70,923 882,731 1,382,306
Charge for year 2,001 142,732 178,973
Eliminated on disposal - (355,561 ) (470,523 )
At 31st December 2023 72,924 669,902 1,090,756
NET BOOK VALUE
At 31st December 2023 7,995 652,098 1,095,463
At 31st December 2022 2,931 340,476 759,629

Included within Tangible Fixed Assets are Motor Vehicles and Trailers with a cost of £1,390,652 and Net Book Value of £712,854 that are subject to finance.

The depreciation for the year on these assets was £149,483.

JOHN BYWATER TRANSPORT LIMITED (REGISTERED NUMBER: 02779409)

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


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st January 2023
and 31st December 2023 25,000
NET BOOK VALUE
At 31st December 2023 25,000
At 31st December 2022 25,000

7. STOCKS
2023 2022
£    £   
Stocks 3,539 24,000

8. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 782,124 878,248
Other debtors 47,617 49,388
Prepayments and accrued income 14,374 8,848
844,115 936,484

Amounts falling due after more than one year:
Amounts owed by group undertakings 25,000 25,000

Aggregate amounts 869,115 961,484

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,239 14,615
Other loans 10,000 10,029
Hire purchase contracts 171,403 98,834
Trade creditors 246,499 411,440
Social security and other taxes 35,051 37,348
VAT 13,845 32,681
Other creditors 278,742 231,587
Accruals and deferred income 17,210 12,195
775,989 848,729

JOHN BYWATER TRANSPORT LIMITED (REGISTERED NUMBER: 02779409)

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


10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years - 2,766
Other loans - 1-2 years 10,000 20,043
Other loans - 2-5 years 12,500 12,392
Hire purchase contracts 400,895 141,099
423,395 176,300

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 3,239 17,381
Other loans 32,500 42,464
Hire purchase contracts 572,298 239,933
608,037 299,778

Bank Borrowings are secured by charges over the company's land and buildings and by a floating charge over all other assets.

The other loans represent funds borrowed under the Government backed Bounce Back scheme.

Hire purchase and finance lease liabilities are secured against the assets to which they relate.

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Flood BFP FCA (Senior Statutory Auditor)
for and on behalf of Spain Brothers & Co

13. RELATED PARTY DISCLOSURES

In the year 31st December 2023, the Company purchased goods and services totalling £25,791 (2022 £14,137) from AllianceEurope SARL a fellow group member. At the year end the Company owed £13,205 (2022 £73) to its fellow group member.

In the year 31st December 2023, the Company provided goods and services totalling £856,460, (2022 £647,520) to AllianceEurope SARL a fellow group member. At the year end the Company was owed £7,731 (2022 £82,244) from its fellow group member..

In the year 31st December 2023, the Company paid rent of £20,400 (2022 £Nil) to Bywater Developments (UK) Limited a fellow group members. At the year end the Company owed £Nil (2022 £Nil) to its fellow group members.

JOHN BYWATER TRANSPORT LIMITED (REGISTERED NUMBER: 02779409)

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


14. ULTIMATE CONTROLLING PARTY

The Ultimate Parent Company is Sarl Orion, a company registered in France and its address is Z.A -St Jean de la Neuville ,76210 Bolbec, France