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WHEELDON HAULAGE LTD.

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






WHEELDON HAULAGE LTD. (REGISTERED NUMBER: 04337550)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


WHEELDON HAULAGE LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: D R Wheeldon
Ms T A Kelsall





REGISTERED OFFICE: Birch Grove
Furlong Lane
Turlow Fields
Ashbourne
Derbyshire
DE6 1PX





REGISTERED NUMBER: 04337550 (England and Wales)





ACCOUNTANTS: Sibbalds Limited
Chartered Accountants and Business Advisers
Oakhurst House
57 Ashbourne Road
Derby
Derbyshire
DE22 3FS

WHEELDON HAULAGE LTD. (REGISTERED NUMBER: 04337550)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 84,259 111,540

CURRENT ASSETS
Debtors 5 42,596 36,613
Cash at bank 17,558 1,948
60,154 38,561
CREDITORS
Amounts falling due within one year 6 42,123 54,722
NET CURRENT ASSETS/(LIABILITIES) 18,031 (16,161 )
TOTAL ASSETS LESS CURRENT LIABILITIES 102,290 95,379

CREDITORS
Amounts falling due after more than one year 7 (16,215 ) (37,168 )

PROVISIONS FOR LIABILITIES 9 (3,300 ) -
NET ASSETS 82,775 58,211

CAPITAL AND RESERVES
Called up share capital 10 1 1
Capital redemption reserve 1 1
Retained earnings 82,773 58,209
SHAREHOLDERS' FUNDS 82,775 58,211

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 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.

WHEELDON HAULAGE LTD. (REGISTERED NUMBER: 04337550)

BALANCE SHEET - continued
31 DECEMBER 2023


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 19 September 2024 and were signed on its behalf by:





D R Wheeldon - Director


WHEELDON HAULAGE LTD. (REGISTERED NUMBER: 04337550)

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


1. STATUTORY INFORMATION

Wheeldon Haulage Ltd. 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 presentation currency of the financial statements is the Pound Sterling (£).


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 - 20% on cost and 10% on cost
Motor vehicles - 25% per annum of net book value and 20% on cost

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.

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.

WHEELDON HAULAGE LTD. (REGISTERED NUMBER: 04337550)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2023 11,008 10,328 817,010 838,346
Additions 857 - - 857
Disposals - - (172,600 ) (172,600 )
At 31 December 2023 11,865 10,328 644,410 666,603
DEPRECIATION
At 1 January 2023 3,101 10,328 713,377 726,806
Charge for year 2,230 - 25,908 28,138
Eliminated on disposal - - (172,600 ) (172,600 )
At 31 December 2023 5,331 10,328 566,685 582,344
NET BOOK VALUE
At 31 December 2023 6,534 - 77,725 84,259
At 31 December 2022 7,907 - 103,633 111,540

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 41,444 35,941
Other debtors 1,152 672
42,596 36,613

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 20,953 20,191
Trade creditors 9,214 10,175
Taxation and social security 3,187 1,515
Other creditors 8,769 22,841
42,123 54,722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 16,215 37,168

WHEELDON HAULAGE LTD. (REGISTERED NUMBER: 04337550)

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


8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 37,168 57,359

Amounts owing on hire purchase agreements are secured on the individual assets concerned.

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 3,300 -

Deferred
tax
£   
Provided during year 3,300
Balance at 31 December 2023 3,300

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary £1.00 1 1