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REGISTERED NUMBER: 12068384 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

HWA Worldwide Logistics Ltd

HWA Worldwide Logistics Ltd (Registered number: 12068384)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


HWA Worldwide Logistics Ltd (Registered number: 12068384)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - 6,000
Tangible assets 5 474 1
474 6,001

CURRENT ASSETS
Debtors 6 22,521 20,567
Cash at bank 122 -
22,643 20,567
CREDITORS
Amounts falling due within one year 7 (8,618 ) (8,461 )
NET CURRENT ASSETS 14,025 12,106
TOTAL ASSETS LESS CURRENT LIABILITIES 14,499 18,107

CREDITORS
Amounts falling due after more than one
year

8

(14,065

)

(18,053

)
NET ASSETS 434 54

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 432 52
SHAREHOLDERS' FUNDS 434 54

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

HWA Worldwide Logistics Ltd (Registered number: 12068384)

Balance Sheet - continued
30 June 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 24 March 2025 and were signed on its behalf by:





Mr M Florence - Director


HWA Worldwide Logistics Ltd (Registered number: 12068384)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

HWA Worldwide Logistics Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12068384

Registered office: 56 Hambling Drive
Beverley
Humberside
HU17 9GD

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, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

HWA Worldwide Logistics Ltd (Registered number: 12068384)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. INTANGIBLE FIXED ASSETS
Franchise
costs
£   
COST
At 1 July 2023
and 30 June 2024 30,000
AMORTISATION
At 1 July 2023 24,000
Amortisation for year 6,000
At 30 June 2024 30,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 6,000

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023 995
Additions 707
At 30 June 2024 1,702
DEPRECIATION
At 1 July 2023 994
Charge for year 234
At 30 June 2024 1,228
NET BOOK VALUE
At 30 June 2024 474
At 30 June 2023 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 2,781 5,693
Other debtors 19,740 14,874
22,521 20,567

HWA Worldwide Logistics Ltd (Registered number: 12068384)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 2,393 120
Trade creditors - 755
Taxation and social security 5,139 6,522
Other creditors 1,086 1,064
8,618 8,461

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 14,065 18,053

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
Mr M Florence
Balance outstanding at start of year 14,470 5,117
Amounts advanced 11,880 42,704
Amounts repaid (7,519 ) (33,351 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,831 14,470

Loans incur interest at 2.25% per annum.