Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falseNo description of principal activity232023-01-01false19falsetrue 05951404 2023-01-01 2023-12-31 05951404 2022-01-01 2022-12-31 05951404 2023-12-31 05951404 2022-12-31 05951404 c:Director3 2023-01-01 2023-12-31 05951404 d:PlantMachinery 2023-01-01 2023-12-31 05951404 d:PlantMachinery 2023-12-31 05951404 d:PlantMachinery 2022-12-31 05951404 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05951404 d:MotorVehicles 2023-01-01 2023-12-31 05951404 d:MotorVehicles 2023-12-31 05951404 d:MotorVehicles 2022-12-31 05951404 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05951404 d:OfficeEquipment 2023-01-01 2023-12-31 05951404 d:OfficeEquipment 2023-12-31 05951404 d:OfficeEquipment 2022-12-31 05951404 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05951404 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 05951404 d:ComputerSoftware 2023-12-31 05951404 d:ComputerSoftware 2022-12-31 05951404 d:OtherResidualIntangibleAssets 2023-01-01 2023-12-31 05951404 d:CurrentFinancialInstruments 2023-12-31 05951404 d:CurrentFinancialInstruments 2022-12-31 05951404 d:Non-currentFinancialInstruments 2023-12-31 05951404 d:Non-currentFinancialInstruments 2022-12-31 05951404 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05951404 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 05951404 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05951404 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 05951404 d:ShareCapital 2023-12-31 05951404 d:ShareCapital 2022-12-31 05951404 d:RetainedEarningsAccumulatedLosses 2023-12-31 05951404 d:RetainedEarningsAccumulatedLosses 2022-12-31 05951404 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05951404 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 05951404 c:OrdinaryShareClass1 2023-01-01 2023-12-31 05951404 c:OrdinaryShareClass1 2023-12-31 05951404 c:OrdinaryShareClass1 2022-12-31 05951404 c:FRS102 2023-01-01 2023-12-31 05951404 c:Audited 2023-01-01 2023-12-31 05951404 c:FullAccounts 2023-01-01 2023-12-31 05951404 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 05951404 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 05951404 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 05951404 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 05951404 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 05951404 d:HirePurchaseContracts d:MoreThanFiveYears 2023-12-31 05951404 d:HirePurchaseContracts d:MoreThanFiveYears 2022-12-31 05951404 c:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 05951404 d:ComputerSoftware d:ExternallyAcquiredIntangibleAssets 2023-01-01 2023-12-31 05951404 d:ComputerSoftware d:OwnedIntangibleAssets 2023-01-01 2023-12-31 05951404 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05951404










WILTON TRANSPORT LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
WILTON TRANSPORT LIMITED
REGISTERED NUMBER: 05951404

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
20,413
12,522

Tangible assets
 5 
901,479
813,342

  
921,892
825,864

Current assets
  

Stocks
 6 
147,398
179,272

Debtors
 7 
3,355,595
3,433,452

Cash at bank and in hand
 8 
129,529
89,341

  
3,632,522
3,702,065

Creditors: amounts falling due within one year
 9 
(2,498,628)
(2,159,967)

Net current assets
  
 
 
1,133,894
 
 
1,542,098

Total assets less current liabilities
  
2,055,786
2,367,962

Creditors: amounts falling due after more than one year
 10 
(218,970)
(247,493)

Provisions for liabilities
  

Deferred tax
 12 
(208,314)
(183,880)

  
 
 
(208,314)
 
 
(183,880)

Net assets
  
1,628,502
1,936,589


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
  
1,628,402
1,936,489

  
1,628,502
1,936,589


Page 1

 
WILTON TRANSPORT LIMITED
REGISTERED NUMBER: 05951404

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


B J Newton
Director

Date: 17 September 2024

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
WILTON TRANSPORT LIMITED
 

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

1.


General information

Wilton Transport Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is Chiltern House, 45 Station Road, Henley-On-Thames, Oxforshire, England, RG9 1AT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the Year in which they are incurred.

Page 3

 
WILTON TRANSPORT LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the Year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Software
-
4
years

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
WILTON TRANSPORT LIMITED
 

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

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
over 3-5 years
Motor vehicles
-
over 3-7 years
Fixtures, fittings and equipment
-
over 3-4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.14

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
WILTON TRANSPORT LIMITED
 

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

3.


Employees

The average monthly number of employees, including the director, during the Year was as follows:


        2023
        2022
            No.
            No.







Total
23
19


4.


Intangible assets




Computer software

£



Cost


At 1 January 2023
14,448


Additions
11,337



At 31 December 2023

25,785



Amortisation


At 1 January 2023
1,926


Charge for the Year on owned assets
3,446



At 31 December 2023

5,372



Net book value



At 31 December 2023
20,413



At 31 December 2022
12,522



Page 6

 
WILTON TRANSPORT LIMITED
 

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

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures,  fittings and  equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
173,589
1,571,195
24,840
1,769,624


Additions
1,700
260,421
-
262,121


Disposals
(21,755)
(379,149)
(21,972)
(422,876)



At 31 December 2023

153,534
1,452,467
2,868
1,608,869



Depreciation


At 1 January 2023
61,479
871,586
23,217
956,282


Charge for the Year on owned assets
16,331
156,315
870
173,516


Disposals
(21,769)
(378,779)
(21,860)
(422,408)



At 31 December 2023

56,041
649,122
2,227
707,390



Net book value



At 31 December 2023
97,493
803,345
641
901,479



At 31 December 2022
112,110
699,609
1,623
813,342


6.


Stocks

2023
2022
£
£

Fuel stocks
147,398
179,272

147,398
179,272



7.


Debtors

2023
2022
£
£



Trade debtors
2,431,141
2,688,151

Other debtors
814,531
715,384

Prepayments and accrued income
109,923
29,917

3,355,595
3,433,452


Page 7

 
WILTON TRANSPORT LIMITED
 

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

8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
129,529
89,341

Less: bank overdrafts
(1,696,985)
(1,392,769)

(1,567,456)
(1,303,428)



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
1,696,985
1,392,769

Bank loans
-
70,393

Trade creditors
553,960
502,211

Other taxation and social security
32,671
30,302

Obligations under finance lease and hire purchase contracts
119,871
126,475

Other creditors
36,146
4,453

Accruals and deferred income
58,995
33,364

2,498,628
2,159,967



10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
218,970
247,493

218,970
247,493


The long-term loans are secured by fixed and floating charges over the assets of the company.


11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
40,985
61,347

Between 1-5 years
148,017
247,493

Over 5 years
26,622
-

215,624
308,840

Page 8

 
WILTON TRANSPORT LIMITED
 

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

12.


Deferred taxation




2023


£






At beginning of year
(183,880)


Released to profit or loss
(24,434)



At end of year
(208,314)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(208,314)
(183,880)

(208,314)
(183,880)


13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



100 (2022 - 100) Ordinary shares of £1.00 each
100
100



14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £16,944 (2022 - £21,890). Contributions totalling £Nil (2022 - £3,276) were payable to the fund at the balance sheet date and are included in creditors.


15.


Related party transactions

As a wholly owned subsidiary, the company has taken advantage of the exemption in Financial Reporting Standard 102 paragraph 33 not to disclose transactions with other group companies, where 100% of the voting rights are controlled by the group.

Page 9

 
WILTON TRANSPORT LIMITED
 

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

16.


Controlling party

As at 31 December 2023  the ultimate parent undertaking is Geos Group Limited, a company registered in England & Wales, by virtue of its 100% shareholding. Copies of the group financial statement of Geos Group Limited are available from Chiltern House, 45 Station Road, Henley-on-Thames, Oxfordshire, RG9 1AT.
The ultimate controlling party is Barry J Newton, by virtue of his controlling shareholding in the ultimate parent undertaking.


17.


Auditor's information

The auditor's report on the financial statements for the Year ended 31 December 2023 was unqualified.

The audit report was signed on 18 September 2024 by Alan Poole BA (Hons) FCA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.

Page 10