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REGISTERED NUMBER: 04270763 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Clwyd Transport Services Limited

Clwyd Transport Services Limited (Registered number: 04270763)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Clwyd Transport Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S M Jones
D P Jones





SECRETARY: S M Jones





REGISTERED OFFICE: Clwyd House
Blackwood Business Park
Ash Road South
Wrexham
LL13 9UG





REGISTERED NUMBER: 04270763 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Clwyd Transport Services Limited (Registered number: 04270763)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,912,115 2,772,394
Investment property 5 180,347 180,347
3,092,462 2,952,741

CURRENT ASSETS
Debtors 6 1,714,895 1,452,140
Cash at bank and in hand 1,022,178 886,877
2,737,073 2,339,017
CREDITORS
Amounts falling due within one year 7 871,330 803,076
NET CURRENT ASSETS 1,865,743 1,535,941
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,958,205

4,488,682

CREDITORS
Amounts falling due after more than one
year

8

(1,034,603

)

(857,647

)

PROVISIONS FOR LIABILITIES (516,925 ) (415,226 )
NET ASSETS 3,406,677 3,215,809

CAPITAL AND RESERVES
Called up share capital 698,377 698,377
Retained earnings 11 2,708,300 2,517,432
SHAREHOLDERS' FUNDS 3,406,677 3,215,809

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

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

Clwyd Transport Services Limited (Registered number: 04270763)

Balance Sheet - continued
31 December 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 14 March 2025 and were signed on its behalf by:





D P Jones - Director


Clwyd Transport Services Limited (Registered number: 04270763)

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

1. STATUTORY INFORMATION

Clwyd Transport Services 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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Tangible fixed assets
Fixed assets are initially recorded at cost. 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 shorter.

Short leasehold- over the life of the lease
Plant and machinery- 25% on cost
Fixtures and fittings- 10% on cost
Motor vehicles- 20% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Clwyd Transport Services Limited (Registered number: 04270763)

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

2. ACCOUNTING POLICIES - continued

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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. The total turnover of the company for the year has been derived from its principal activity wholly undertaken in the UK.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 20 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 622,195 86,641 17,160 4,414,030 5,140,026
Additions 6,202 2,199 - 754,972 763,373
Disposals - - - (72,448 ) (72,448 )
At 31 December 2024 628,397 88,840 17,160 5,096,554 5,830,951
DEPRECIATION
At 1 January 2024 - 79,381 12,595 2,275,656 2,367,632
Charge for year - 3,323 574 603,828 607,725
Eliminated on disposal - - - (56,521 ) (56,521 )
At 31 December 2024 - 82,704 13,169 2,822,963 2,918,836
NET BOOK VALUE
At 31 December 2024 628,397 6,136 3,991 2,273,591 2,912,115
At 31 December 2023 622,195 7,260 4,565 2,138,374 2,772,394

During the year ended 31 December 2023, the company reclassified 50% of investment property to freehold property due to 50% of the building being used by Clwyd Transport Services Limited.

The freehold property is included at market value, as valued by the directors.

Clwyd Transport Services Limited (Registered number: 04270763)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 2,437,893
Additions 580,000
Transfer to ownership (254,167 )
At 31 December 2024 2,763,726
DEPRECIATION
At 1 January 2024 640,768
Charge for year 447,432
Transfer to ownership (214,167 )
At 31 December 2024 874,033
NET BOOK VALUE
At 31 December 2024 1,889,693
At 31 December 2023 1,797,125

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 180,347
NET BOOK VALUE
At 31 December 2024 180,347
At 31 December 2023 180,347

Investment property is revalued annually by the directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,182,274 957,759
Other debtors 524,274 494,381
VAT 8,347 -
1,714,895 1,452,140

Clwyd Transport Services Limited (Registered number: 04270763)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 9) 344,108 312,644
Trade creditors 260,456 166,364
PAYE creditor 30,081 34,731
VAT - 44,445
Other creditors 11,122 56,408
Amount owed to associates 192,654 173,166
Directors' current accounts 2 90
Accruals and deferred income 32,907 15,228
871,330 803,076

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts (see note 9) 1,034,603 857,647

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year 344,108 312,644
Between one and five years 1,034,603 857,647
1,378,711 1,170,291

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 1,378,711 1,170,291

Hire purchase creditors are secured on the assets to which they relate and a fixed and floating charge over assets of the company.

11. RESERVES
Retained
earnings
£   

At 1 January 2024 2,517,432
Profit for the year 302,868
Dividends (112,000 )
At 31 December 2024 2,708,300

Clwyd Transport Services Limited (Registered number: 04270763)

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

12. CAPITAL COMMITMENTS
31.12.24 31.12.23
£    £   
Contracted but not provided for in the
financial statements 152,960 93,850

During the year Clwyd Transport Services Limited had committed to buy fixed assets. The cost of these committed costs was £152,960 (2023 - £93,850) and these were realised after the year end.

13. RELATED PARTY DISCLOSURES

At the Balance Sheet date a net amount of £192,654 (2023 - £218,226) was owed by the company to Clwyd Transport Services, a partnership controlled by the shareholders and directors DP and SM Jones .

At the Balance Sheet date an amount of £23,622 (2023 - £54,080) was due from Russ Transport Ltd, a business owned by R G Jones, a connected party.

At the Balance Sheet date a net amount of £339,141 (2023 - £337,996) was due from Clwyd Developments Limited, a company associated by common shareholders.

At the Balance Sheet date a net amount of £20,000 (2023 - £10,000) was due from C Jones, a shareholder of the company.


All related party transactions during the year were on an arms length basis.

14. ULTIMATE CONTROLLING PARTY

The directors D P Jones and S M Jones are considered to be the ultimate controlling party by virtue of their ability to act in concert in respect of the operational and financial policies of the company.