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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
Page
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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
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WEARDALE LOGISTICS LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,558 
4,744 
Current assets
Inventories
27,823 
18,351 
Debtors
136,064 
141,681 
Cash at bank and in hand
71,356 
61,669 
235,243 
221,701 
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)
Net assets
102,186 
85,068 
Capital and reserves
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
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WEARDALE LOGISTICS LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 December 2024
2,008 
1,550 
3,558 
At 31 December 2023
2,677 
2,067 
4,744 
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WEARDALE LOGISTICS LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
1,339 
- 
Trade debtors
133,682 
140,002 
Accrued income and prepayments
1,043 
957 
Other debtors
- 
722 
136,064 
141,681 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
2,423 
Trade creditors
115,964 
109,609 
Taxes and social security
4,293 
2,953 
Loans from directors
608 
692 
Accruals
750 
700 
121,615 
116,377 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,000 
25,000 
COVID-19 Bounceback Loan
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).
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