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REGISTERED NUMBER: SC664383 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

DEREK WILSON CARRIERS LTD

DEREK WILSON CARRIERS LTD (REGISTERED NUMBER: SC664383)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DEREK WILSON CARRIERS LTD

COMPANY INFORMATION
For The Year Ended 30 June 2024







DIRECTOR: A A Kill





REGISTERED OFFICE: Mactalla
Connel
Oban
Argyll
PA37 1PJ





REGISTERED NUMBER: SC664383 (Scotland)





ACCOUNTANTS: R A Clement Associates
5 Argyll Square
OBAN
Argyll
PA34 4AZ

DEREK WILSON CARRIERS LTD (REGISTERED NUMBER: SC664383)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 18,000 21,000
Tangible assets 5 83,094 77,865
101,094 98,865

CURRENT ASSETS
Debtors 6 98,065 74,342
Cash at bank and in hand 7,384 37,409
105,449 111,751
CREDITORS
Amounts falling due within one year 7 133,702 121,853
NET CURRENT LIABILITIES (28,253 ) (10,102 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,841

88,763

CREDITORS
Amounts falling due after more than one year 8 (13,412 ) (18,017 )

PROVISIONS FOR LIABILITIES (15,788 ) (14,794 )
NET ASSETS 43,641 55,952

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 43,541 55,852
SHAREHOLDERS' FUNDS 43,641 55,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

DEREK WILSON CARRIERS LTD (REGISTERED NUMBER: SC664383)

BALANCE SHEET - continued
30 June 2024


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 3 December 2024 and were signed by:





A A Kill - Director


DEREK WILSON CARRIERS LTD (REGISTERED NUMBER: SC664383)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

Derek Wilson Carriers Ltd is a private company, limited by shares , registered in Scotland. 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 2020, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

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

DEREK WILSON CARRIERS LTD (REGISTERED NUMBER: SC664383)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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.

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 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023 9,000
Amortisation for year 3,000
At 30 June 2024 12,000
NET BOOK VALUE
At 30 June 2024 18,000
At 30 June 2023 21,000

DEREK WILSON CARRIERS LTD (REGISTERED NUMBER: SC664383)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 18,606 126,903 3,823 149,332
Additions 2,635 27,990 2,303 32,928
At 30 June 2024 21,241 154,893 6,126 182,260
DEPRECIATION
At 1 July 2023 5,017 65,231 1,219 71,467
Charge for year 4,056 22,416 1,227 27,699
At 30 June 2024 9,073 87,647 2,446 99,166
NET BOOK VALUE
At 30 June 2024 12,168 67,246 3,680 83,094
At 30 June 2023 13,589 61,672 2,604 77,865

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 16,995 12,113 29,108
Additions - 27,990 27,990
At 30 June 2024 16,995 40,103 57,098
DEPRECIATION
At 1 July 2023 4,249 3,028 7,277
Charge for year 3,186 9,269 12,455
At 30 June 2024 7,435 12,297 19,732
NET BOOK VALUE
At 30 June 2024 9,560 27,806 37,366
At 30 June 2023 12,746 9,085 21,831

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 95,598 72,675
Other debtors 2,467 1,667
98,065 74,342

DEREK WILSON CARRIERS LTD (REGISTERED NUMBER: SC664383)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,198 -
Hire purchase contracts 21,752 10,857
Trade creditors 9,827 4,676
Taxation and social security 54,907 37,524
Other creditors 39,018 68,796
133,702 121,853

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 13,412 18,017