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REGISTERED NUMBER: 08586247 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Willow Transport Solutions Limited

Willow Transport Solutions Limited (Registered number: 08586247)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Willow Transport Solutions Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr L P Nix
Mr C L Betts
Mr D A Drinkwater





REGISTERED OFFICE: Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL





REGISTERED NUMBER: 08586247 (England and Wales)





ACCOUNTANTS: BPSL
Brooms Professional Services Limited
Chartered Certified Accountants
Broom House
39/43 London Road
Hadleigh, Benfleet
Essex
SS7 2QL

Willow Transport Solutions Limited (Registered number: 08586247)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 522,493 571,410

CURRENT ASSETS
Debtors 5 81,521 133,435
Cash at bank 20,656 7,890
102,177 141,325
CREDITORS
Amounts falling due within one year 6 220,405 257,417
NET CURRENT LIABILITIES (118,228 ) (116,092 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

404,265

455,318

CREDITORS
Amounts falling due after more than one
year

7

(270,539

)

(380,901

)

PROVISIONS FOR LIABILITIES (130,623 ) (108,499 )
NET ASSETS/(LIABILITIES) 3,103 (34,082 )

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 5,200 5,200
Retained earnings (3,097 ) (40,282 )
SHAREHOLDERS' FUNDS 3,103 (34,082 )

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

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

Willow Transport Solutions Limited (Registered number: 08586247)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 16 January 2025 and were signed on its behalf by:




Mr L P Nix - Director



Mr C L Betts - Director


Willow Transport Solutions Limited (Registered number: 08586247)

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

1. STATUTORY INFORMATION

Willow Transport Solutions 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.

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 represents net invoiced services provided, excluding value added tax.

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.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

Willow Transport Solutions Limited (Registered number: 08586247)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 151,734 8,646 886,095 9,044 1,055,519
Additions - - - 665 665
Disposals - (416 ) (26,400 ) - (26,816 )
At 31 July 2024 151,734 8,230 859,695 9,709 1,029,368
DEPRECIATION
At 1 August 2023 149,496 7,612 318,403 8,598 484,109
Charge for year 2,238 136 33,501 193 36,068
Eliminated on disposal - (14 ) (13,288 ) - (13,302 )
At 31 July 2024 151,734 7,734 338,616 8,791 506,875
NET BOOK VALUE
At 31 July 2024 - 496 521,079 918 522,493
At 31 July 2023 2,238 1,034 567,692 446 571,410

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 August 2023 134,025 886,095 1,020,120
Disposals - (26,400 ) (26,400 )
At 31 July 2024 134,025 859,695 993,720
DEPRECIATION
At 1 August 2023 134,025 318,403 452,428
Charge for year - 33,501 33,501
Eliminated on disposal - (13,288 ) (13,288 )
At 31 July 2024 134,025 338,616 472,641
NET BOOK VALUE
At 31 July 2024 - 521,079 521,079
At 31 July 2023 - 567,692 567,692

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 69,614 121,738
Other debtors - 708
Prepayments 11,907 10,989
81,521 133,435

Willow Transport Solutions Limited (Registered number: 08586247)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 112,081 142,914
Trade creditors 27,253 19,863
Tax 33,919 43,003
Social security and other taxes 6,309 7,185
VAT 27,880 34,123
Other creditors 8,833 6,134
Accrued expenses 4,130 4,195
220,405 257,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts 270,539 380,901