IRIS Accounts Production v24.3.2.46 SC587229 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5872292023-01-31SC5872292024-01-31SC5872292023-02-012024-01-31SC5872292022-01-31SC5872292022-02-012023-01-31SC5872292023-01-31SC587229ns15:Scotland2023-02-012024-01-31SC587229ns14:PoundSterling2023-02-012024-01-31SC587229ns10:Director12023-02-012024-01-31SC587229ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC587229ns10:SmallEntities2023-02-012024-01-31SC587229ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-31SC587229ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC587229ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC587229ns10:FullAccounts2023-02-012024-01-31SC587229ns10:Director22023-02-012024-01-31SC587229ns10:CompanySecretary12023-02-012024-01-31SC587229ns10:RegisteredOffice2023-02-012024-01-31SC587229ns5:CurrentFinancialInstruments2024-01-31SC587229ns5:CurrentFinancialInstruments2023-01-31SC587229ns5:Non-currentFinancialInstruments2024-01-31SC587229ns5:Non-currentFinancialInstruments2023-01-31SC587229ns5:RetainedEarningsAccumulatedLosses2024-01-31SC587229ns5:RetainedEarningsAccumulatedLosses2023-01-31SC587229ns5:PlantMachinery2023-02-012024-01-31SC587229ns5:PlantMachinery2023-01-31SC587229ns5:PlantMachinery2024-01-31SC587229ns5:PlantMachinery2023-01-31SC587229ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-31SC587229ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-31
REGISTERED NUMBER: SC587229 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

Go West Transport Ltd

Go West Transport Ltd (Registered number: SC587229)






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


Go West Transport Ltd

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: Ms M M West
F West





SECRETARY:





REGISTERED OFFICE: 16 Overton Avenue
Strathaven
ML10 6NR





REGISTERED NUMBER: SC587229 (Scotland)





ACCOUNTANTS: MCCALL AND CO LTD
HAMILTON HOUSE
STRATHAVEN RURAL CENTRE
STRATHAVEN
ML10 6SY

Go West Transport Ltd (Registered number: SC587229)

BALANCE SHEET
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 457,304 256,619

CURRENT ASSETS
Debtors 5 34,881 24,984
Cash at bank 10,891 30,896
45,772 55,880
CREDITORS
Amounts falling due within one year 6 144,717 122,500
NET CURRENT LIABILITIES (98,945 ) (66,620 )
TOTAL ASSETS LESS CURRENT LIABILITIES 358,359 189,999

CREDITORS
Amounts falling due after more than one year 7 294,289 186,165
NET ASSETS 64,070 3,834

RESERVES
Retained earnings 64,070 3,834
64,070 3,834

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.

Go West Transport Ltd (Registered number: SC587229)

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 Income Statement has not been delivered.

The financial statements were approved by M West the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by:





Ms M M West - Director


Go West Transport Ltd (Registered number: SC587229)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Go West Transport 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

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.

Go West Transport Ltd (Registered number: SC587229)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 412,214
Additions 263,912
At 31 January 2024 676,126
DEPRECIATION
At 1 February 2023 155,595
Charge for year 63,227
At 31 January 2024 218,822
NET BOOK VALUE
At 31 January 2024 457,304
At 31 January 2023 256,619

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 5,158 7,287
Other debtors 29,723 17,697
34,881 24,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 53,422 53,203
Trade creditors 9,413 2,579
Taxation and social security 81,882 61,337
Other creditors - 5,381
144,717 122,500

Go West Transport Ltd (Registered number: SC587229)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 133,989 85,321
Other creditors 160,300 100,844
294,289 186,165