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REGISTERED NUMBER: 01334874 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Baldwin Transport Limited

Baldwin Transport Limited (Registered number: 01334874)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Baldwin Transport Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs A M Baldwin
S Baldwin
P Baldwin



SECRETARY: Mrs A M Baldwin



REGISTERED OFFICE: Hawkins Lane
Burton Upon Trent
Staffordshire
DE14 1PT



REGISTERED NUMBER: 01334874 (England and Wales)



ACCOUNTANTS: Mabe Allen LLP
Chartered Accountants
50 Osmaston Road
Derby
DE1 2HU



BANKERS: HSBC PLC
18 High Street
Burton Upon Trent
Staffordshire
DE14 1JD

Baldwin Transport Limited (Registered number: 01334874)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 323,457 390,626

CURRENT ASSETS
Stocks 9,500 10,000
Debtors 5 48,921 89,102
Cash at bank 87,824 40,912
146,245 140,014
CREDITORS
Amounts falling due within one year 6 225,171 195,958
NET CURRENT LIABILITIES (78,926 ) (55,944 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

244,531

334,682

CREDITORS
Amounts falling due after more than one
year

7

(65,560

)

(129,211

)

PROVISIONS FOR LIABILITIES (77,063 ) (93,855 )
NET ASSETS 101,908 111,616

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 101,808 111,516
SHAREHOLDERS' FUNDS 101,908 111,616

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Baldwin Transport Limited (Registered number: 01334874)

Balance Sheet - continued
31 January 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 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 9 January 2025 and were signed on its behalf by:




P Baldwin - Director



S Baldwin - Director


Baldwin Transport Limited (Registered number: 01334874)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Baldwin 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.

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.

Significant judgements and estimates
The preparation of the financial statement requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates.

No depreciation is provided on the long leasehold buildings. The directors consider the buildings to have a high residual value and therefore the depreciation will be minimal.

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
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes the original price of the asset and the cost attributable to bringing the asset into its working condition. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery 10% on reducing balance.
Motor Vehicles 25% on cost and 25% on reducing balance.

No depreciation is provided on the Long Leasehold Buildings. The Directors consider the buildings to have a high residual value and therefore any depreciation will be minimal.

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

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.


Baldwin Transport Limited (Registered number: 01334874)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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
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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that the outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

Baldwin Transport Limited (Registered number: 01334874)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2023
and 31 January 2024 107,933 98,614 792,498 999,045
DEPRECIATION
At 1 February 2023 - 75,220 533,199 608,419
Charge for year - 2,341 64,828 67,169
At 31 January 2024 - 77,561 598,027 675,588
NET BOOK VALUE
At 31 January 2024 107,933 21,053 194,471 323,457
At 31 January 2023 107,933 23,394 259,299 390,626

The company enjoys the rent free use of buildings included at cost in the balance sheet and constructed on land owned by a director shareholder.

The net book value of tangible fixed assets includes £125,577 (2023 - £167,437) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 41,165 65,548
Corporation tax - 17,355
Prepayments 7,756 6,199
48,921 89,102

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,700 9,700
Hire purchase contracts 53,733 63,133
Trade creditors 73,394 64,159
Corporation tax 36,693 -
Social security and other taxes 36,614 40,387
Other creditors 4,572 4,653
Pension 1,407 1,359
Directors' current accounts 3,527 7,516
Accruals 5,531 5,051
225,171 195,958

Baldwin Transport Limited (Registered number: 01334874)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 16,037 25,955
Hire purchase contracts 49,523 103,256
65,560 129,211

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
85 Ordinary £1 85 85
500 Ordinary B £1 5 5
500 Ordinary C 1p 5 5
500 Ordinary D 1p 5 5
100 100