Company Registration No. 11093755 (England and Wales)
WEARDALE LOGISTICS LTD
Unaudited accounts
for the year ended 31 December 2024
WEARDALE LOGISTICS LTD
Unaudited accounts
Contents
WEARDALE LOGISTICS LTD
Company Information
for the year ended 31 December 2024
Directors
William Elliott Hobson
Richard Alexander Hobson
Company Number
11093755 (England and Wales)
Registered Office
67 Northumbrian Way
North Shields
Tyne and Wear
NE29 6XG
Accountants
Wardle Business Solutions Ltd.
Orchard House
Pittington Road
Rainton Gate
Tyne and Wear
DH5 9RG
WEARDALE LOGISTICS LTD
Statement of financial position
as at 31 December 2024
Tangible assets
3,558
4,744
Cash at bank and in hand
71,356
61,669
Creditors: amounts falling due within one year
(121,615)
(116,377)
Net current assets
113,628
105,324
Total assets less current liabilities
117,186
110,068
Creditors: amounts falling due after more than one year
(15,000)
(25,000)
Called up share capital
100
100
Profit and loss account
102,086
84,968
Shareholders' funds
102,186
85,068
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
William Elliott Hobson
Director
Company Registration No. 11093755
WEARDALE LOGISTICS LTD
Notes to the Accounts
for the year ended 31 December 2024
WEARDALE LOGISTICS LTD is a private company, limited by shares, registered in England and Wales, registration number 11093755. The registered office is 67 Northumbrian Way, North Shields, Tyne and Wear, NE29 6XG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2024
7,500
4,900
12,400
At 31 December 2024
7,500
4,900
12,400
At 1 January 2024
4,823
2,833
7,656
Charge for the year
669
517
1,186
At 31 December 2024
5,492
3,350
8,842
At 31 December 2024
2,008
1,550
3,558
At 31 December 2023
2,677
2,067
4,744
WEARDALE LOGISTICS LTD
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
133,682
140,002
Accrued income and prepayments
1,043
957
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
115,964
109,609
Taxes and social security
4,293
2,953
Loans from directors
608
692
7
Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
Deneside Management Ltd
WE Hobson is a Director, RA Hobson is a Shareholder
Purchase of materials and services at market rates £7,500 (2023 £6,659)
Amount due to related party £695
Hobson Bros (Stanhope) Ltd
WE Hobson and RA Hobson are Directors and Shareholders
Purchase of materials and services at market rates £239,473 (2023 £234,799)
Amount due to related party £101,545 (2023 £85,580)
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).