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REGISTERED NUMBER: 03473596 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

S M W Haulage Limited

S M W Haulage Limited (Registered number: 03473596)

Contents of the Financial Statements
for the Year Ended 31 December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

S M W Haulage Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G R Pook





REGISTERED OFFICE: 5 Barnfield Crescent
Exeter
Devon
EX1 1QT





REGISTERED NUMBER: 03473596 (England and Wales)





ACCOUNTANTS: Kirk Hills Business Advisors
a trading name of RT Marke &
Co Chartered Accountants Ltd
5 Barnfield Crescent
Exeter
Devon
EX1 1QT

S M W Haulage Limited (Registered number: 03473596)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 458,931 371,238

CURRENT ASSETS
Debtors 5 256,929 297,487
Cash at bank and in hand 15,204 1,018
272,133 298,505
CREDITORS
Amounts falling due within one year 6 217,279 196,324
NET CURRENT ASSETS 54,854 102,181
TOTAL ASSETS LESS CURRENT
LIABILITIES

513,785

473,419

CREDITORS
Amounts falling due after more than one
year

7

(176,517

)

(140,076

)

PROVISIONS FOR LIABILITIES (84,567 ) (66,951 )
NET ASSETS 252,701 266,392

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 252,699 266,390
SHAREHOLDERS' FUNDS 252,701 266,392

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 12 September 2024 and were signed by:





G R Pook - Director


S M W Haulage Limited (Registered number: 03473596)

Notes to the Financial Statements
for the Year Ended 31 December 2023


1. STATUTORY INFORMATION

SMW Haulage 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. The company trades from Unit 10, Howden Industrial Estate, Tiverton, Devon, EX16 5HW.

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.
Plant and machinery - 15% on reducing balance
Computer equipment - 20% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 January 2023 13,638 632,371 1,331 647,340
Additions - 154,773 - 154,773
Disposals - (6,000 ) - (6,000 )
At 31 December 2023 13,638 781,144 1,331 796,113
DEPRECIATION
At 1 January 2023 - 274,782 1,320 276,102
Charge for year - 61,078 2 61,080
At 31 December 2023 - 335,860 1,322 337,182
NET BOOK VALUE
At 31 December 2023 13,638 445,284 9 458,931
At 31 December 2022 13,638 357,589 11 371,238

S M W Haulage Limited (Registered number: 03473596)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 296,570
Additions 148,773
Transfer to ownership (76,570 )
At 31 December 2023 368,773
DEPRECIATION
At 1 January 2023 46,424
Charge for year 38,789
Transfer to ownership (35,424 )
At 31 December 2023 49,789
NET BOOK VALUE
At 31 December 2023 318,984
At 31 December 2022 250,146

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 256,929 297,487

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 69,044 49,861
Hire purchase contracts 80,495 59,823
Trade creditors 41,890 33,360
Taxation and social security 16,389 48,894
Other creditors 9,461 4,386
217,279 196,324

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 19,232 28,995
Hire purchase contracts 157,285 111,081
176,517 140,076

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company entered into transactions with entities involving Mr G R Pook, the director of the company.

The company purchased goods and services from G R Pook Engineering Limited, a company in which Mr G R Pook is director.

S M W Haulage Limited (Registered number: 03473596)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023


9. RELATED PARTY DISCLOSURES

A net total of £410,828 was invoiced by G R Pook Engineering Ltd for the provision of diesel, lorry hire, repairs and labour services for the year ended 31 December 2023, (2022 £341,250)

As at 31 December 2023 S M W Haulage Ltd owed £22,876 (2022 £16,029 to G R Pook Engineering Ltd.
SMW Haulage Ltd was also owed by G R Pook Engineering Ltd £91,400 (2022 £84,900) on an inter-company loan.


Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
S M W Haulage Limited


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 S M W Haulage Limited for the year ended 31 December 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 S M W Haulage Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S M W Haulage Limited and state those matters that we have agreed to state to the director of S M W Haulage Limited 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 S M W Haulage Limited and its director for our work or for this report.

It is your duty to ensure that S M W Haulage Limited 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 loss of S M W Haulage Limited. You consider that S M W Haulage Limited 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 S M W Haulage Limited. 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.






Kirk Hills Business Advisors
a trading name of RT Marke &
Co Chartered Accountants Ltd
5 Barnfield Crescent
Exeter
Devon
EX1 1QT


13 September 2024