Registered number
05476946
D.A.W.S Transport Services Limited
Unaudited Filleted Accounts
30 June 2024
D.A.W.S Transport Services Limited
Registered number: 05476946
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 6,291 7,864
Tangible assets 4 124,054 132,559
130,345 140,423
Current assets
Debtors 5 425,814 276,570
Cash at bank and in hand 153,640 150,569
579,454 427,139
Creditors: amounts falling due within one year 6 (336,301) (245,932)
Net current assets 243,153 181,207
Total assets less current liabilities 373,498 321,630
Creditors: amounts falling due after more than one year 7 (9,167) (19,167)
Provisions for liabilities (29,000) (33,000)
Net assets 335,331 269,463
Capital and reserves
Called up share capital 100 100
Profit and loss account 335,231 269,363
Shareholders' funds 335,331 269,463
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amanda Watkins-Smith
Director
Approved by the board on 28 March 2025
D.A.W.S Transport Services Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Patents and licences are being amortised over their estimated useful life of nil years.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing Balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 13 16
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 61,646
At 30 June 2024 61,646
Amortisation
At 1 July 2023 53,782
Provided during the year 1,573
At 30 June 2024 55,355
Net book value
At 30 June 2024 6,291
At 30 June 2023 7,864
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 285,643
Additions 32,846
At 30 June 2024 318,489
Depreciation
At 1 July 2023 153,084
Charge for the year 41,351
At 30 June 2024 194,435
Net book value
At 30 June 2024 124,054
At 30 June 2023 132,559
5 Debtors 2024 2023
£ £
Trade debtors 309,855 198,461
Other debtors 115,959 78,109
425,814 276,570
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 174,029 66,226
Taxation and social security costs 139,866 69,363
Other creditors 12,406 100,343
336,301 245,932
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 9,167 19,167
8 Other financial commitments 2024 2023
£ £
Total future minimum payments under non-cancellable operating leases 180,555 288,888
9 Related party transactions
Included in Other creditors is an amount of £1,348 (2023 £900) owed to the Directors, payable on demand and without interest.
10 Other information
D.A.W.S Transport Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Westons Way
Kingswood
Bristol
Avon
BS15 9RR
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