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REGISTERED NUMBER: 03997514 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

D W Transport Limited

D W Transport Limited (Registered number: 03997514)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


D W Transport Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr D West





REGISTERED OFFICE: Unit 7 Universal Business Park
Henson Road
Darlington
Co. Durham
DL1 4WG





REGISTERED NUMBER: 03997514 (England and Wales)





ACCOUNTANTS: Lyons Watson
Accountants & Business Advisers
Business Central
2 Union Square
Darlington
Co. Durham
DL1 1GL

D W Transport Limited (Registered number: 03997514)

Abridged Balance Sheet
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 154,291 126,774

CURRENT ASSETS
Stocks 1,265 955
Debtors 101,973 118,463
Cash at bank 106,946 130,120
210,184 249,538
CREDITORS
Amounts falling due within one year 283,996 262,825
NET CURRENT LIABILITIES (73,812 ) (13,287 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,479

113,487

CREDITORS
Amounts falling due after more than one
year

(45,912

)

(24,503

)

PROVISIONS FOR LIABILITIES (29,315 ) (24,087 )
NET ASSETS 5,252 64,897

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 5,152 64,797
SHAREHOLDERS' FUNDS 5,252 64,897

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

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

D W Transport Limited (Registered number: 03997514)

Abridged Balance Sheet - continued
31 May 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 27 February 2025 and were signed by:





Mr D West - Director


D W Transport Limited (Registered number: 03997514)

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

1. STATUTORY INFORMATION

D W 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.

The financial statements have been prepared under the going concern basis of accounting.

Turnover
Turnover represents the value of work carried out during the year including amounts not yet invoiced, excluding value added tax. Income is being recognised according to the stage of completion of work done.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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

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.

D W Transport Limited (Registered number: 03997514)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

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 5 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 234,890
Additions 82,145
At 31 May 2024 317,035
DEPRECIATION
At 1 June 2023 108,116
Charge for year 36,233
Eliminated on disposal 18,395
At 31 May 2024 162,744
NET BOOK VALUE
At 31 May 2024 154,291
At 31 May 2023 126,774

D W Transport Limited (Registered number: 03997514)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 June 2023 157,300
Additions 45,500
At 31 May 2024 202,800
DEPRECIATION
At 1 June 2023 81,745
Charge for year 21,259
Eliminated on disposal 18,395
At 31 May 2024 121,399
NET BOOK VALUE
At 31 May 2024 81,401
At 31 May 2023 75,555