Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-312024-12-312025-05-092025-05-132326truetrue2024-01-01falseNo description of principal activityfalse 05951404 2024-01-01 2024-12-31 05951404 2023-01-01 2023-12-31 05951404 2024-12-31 05951404 2023-12-31 05951404 2023-01-01 05951404 c:Director3 2024-01-01 2024-12-31 05951404 d:PlantMachinery 2024-01-01 2024-12-31 05951404 d:PlantMachinery 2024-12-31 05951404 d:PlantMachinery 2023-12-31 05951404 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05951404 d:MotorVehicles 2024-01-01 2024-12-31 05951404 d:MotorVehicles 2024-12-31 05951404 d:MotorVehicles 2023-12-31 05951404 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05951404 d:OfficeEquipment 2024-01-01 2024-12-31 05951404 d:OfficeEquipment 2024-12-31 05951404 d:OfficeEquipment 2023-12-31 05951404 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05951404 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05951404 d:ComputerSoftware 2024-12-31 05951404 d:ComputerSoftware 2023-12-31 05951404 d:OtherResidualIntangibleAssets 2024-01-01 2024-12-31 05951404 d:CurrentFinancialInstruments 2024-12-31 05951404 d:CurrentFinancialInstruments 2023-12-31 05951404 d:Non-currentFinancialInstruments 2024-12-31 05951404 d:Non-currentFinancialInstruments 2023-12-31 05951404 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05951404 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05951404 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 05951404 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 05951404 d:ShareCapital 2024-01-01 2024-12-31 05951404 d:ShareCapital 2024-12-31 05951404 d:ShareCapital 2023-01-01 2023-12-31 05951404 d:ShareCapital 2023-12-31 05951404 d:ShareCapital 2023-01-01 05951404 d:RetainedEarningsAccumulatedLosses 2024-01-01 2024-12-31 05951404 d:RetainedEarningsAccumulatedLosses 2024-12-31 05951404 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 05951404 d:RetainedEarningsAccumulatedLosses 2023-12-31 05951404 d:RetainedEarningsAccumulatedLosses 2023-01-01 05951404 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 05951404 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 05951404 d:TaxLossesCarry-forwardsDeferredTax 2024-12-31 05951404 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 05951404 c:OrdinaryShareClass1 2024-01-01 2024-12-31 05951404 c:OrdinaryShareClass1 2024-12-31 05951404 c:OrdinaryShareClass1 2023-12-31 05951404 c:FRS102 2024-01-01 2024-12-31 05951404 c:Audited 2024-01-01 2024-12-31 05951404 c:FullAccounts 2024-01-01 2024-12-31 05951404 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05951404 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 05951404 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 05951404 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 05951404 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 05951404 c:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05951404 d:ComputerSoftware d:OwnedIntangibleAssets 2024-01-01 2024-12-31 05951404 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 05951404










WILTON TRANSPORT LIMITED










FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
WILTON TRANSPORT LIMITED
 

STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024

Principle activity
 
Wilton Transport Ltd (WTL) is a specialist provider of diesel fuels and heating oils, servicing both commercial and domestic clients, with primary operations in the North East of England.

Business review
 
WTL delivers a comprehensive range of fuelling solutions, including both direct fuelling and bulk delivery services to the commercial sector. The company supplies DERV (White Diesel) and Gas Oil (Red Diesel), as well as Kerosene (heating oil), which is supplied to the domestic market.

With a fleet of modern mini tankers and experienced drivers, WTL is equipped to provide responsive and reliable fuel distribution. In response to market pressures and escalating operational costs, the company has focused on increasing delivery volumes and implementing operational efficiencies.

Significant progress has been made through the expansion of Kerosene offerings to the domestic market and the introduction of alternative fuels such as HVO (Hydrotreated Vegetable Oil) and Marine Gas Oil. The strategic replacement of the ageing vehicle fleet has enhanced delivery efficiency and service reliability.

Principal risks and uncertainties
 
The key strategic risk facing the business is the volatility in commodity prices and supply chain reliability. This risk is actively managed through robust inventory control measures and maintaining a diversified supplier base to mitigate dependency on any single source. Additionally, the business is exposed to fluctuations in logistical costs—particularly those related to fuel transportation—which can impact overall profitability.

Financial Risk Management Objectives and Policies

WTL is exposed to a range of financial risks, which are managed through comprehensive policies and procedures:
Credit Risk: Exposure to potential bad debt is mitigated through rigorous customer due diligence, regular review of credit limits, and continuous monitoring of counterparties’ financial performance. Proactive steps are taken where there is a heightened risk of contractual default.
Liquidity Risk: The company maintains a strong focus on liquidity by actively monitoring cash flows, optimizing inventory levels, and implementing stringent credit control practices to ensure adequate funding is available for operational needs.

Page 1

 
WILTON TRANSPORT LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Financial and non financial key performance indicators
 
In 2024, WTL reported operating losses before interest and tax  of £86,742 (2023 loss £245,608), a decrease in losses by 65%. This positive trajectory reflects growing sales volumes, and strategic initiatives to reduce costs.

Total fuel volumes increased by 23% year-on-year, driven primarily by rapid growth in kerosene sales. Gross profit rose to £2,148,266 in 2024, up from £1,741,386 in 2023, underpinned by the increase in volume and healthier margins.

Interest expenses rose to £186,719 (2023: £38,045), reflecting the financing of the new fleet investment. This is expected to be offset by reduced operational costs over the medium term.

Outlook and Strategic Prospects

With a new fleet in operation and enhanced logistical capabilities, WTL is well-positioned to drive growth through customer acquisition and emerging market opportunities. The company remains focused on expanding its market footprint and reinforcing its position as a leading fuel distributor in the region.

Key Performance Indicators (KPIs)

WTL tracks both financial and non-financial indicators to assess performance and guide strategic decision-making:

Volume Growth and Operating Performance
°Fuel volumes increased by 23%, reflecting the success of strategic growth initiatives
°Operating losses reduced by 65% through improved cost controls and operational efficiency

Risk and Cost Management
°Enhanced fuel supply chain management and route optimisation have reduced logistical inefficiencies
°Proactive fleet maintenance protocols introduced to manage running costs effectively
°Strengthened credit control procedures through tighter management of aged debtors and comprehensive due diligence on new accounts


Page 2

 
WILTON TRANSPORT LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024

Director's statement of compliance with duty to promote the success of the Company
 
In accordance with Section 172 of the UK Companies Act 2006, the Directors of WTL are committed to acting in a manner that promotes the long-term success of the company for the benefit of its stakeholders. The Board adheres to the following key principles:

Risk Management: Operating in a highly regulated industry, WTL adopts a proactive approach to identifying, assessing, and mitigating risks. The company continuously enhances its risk management framework to safeguard operational resilience and financial stability.

Our People: WTL is committed to fostering a high-performance work environment by investing in talent, upholding strong ethical standards, and promoting a culture of integrity, collaboration, and professional development.

Business Relationships: The company prioritizes sustainable growth by maintaining long-term, mutually beneficial relationships with customers and suppliers. These partnerships are integral to ensuring supply reliability, operational efficiency, and service excellence.

Community and Environment: WTL actively contributes to the communities in which it operates and is committed to minimizing its environmental impact. The company leverages its industry expertise to support local initiatives and explore sustainable practices within its operations.

By adhering to these principles, WTL remains focused on sustainable growth, operational excellence, and delivering long-term value to its stakeholders.


This report was approved by the board and signed on its behalf.



B J Newton
Director

Date: 9 May 2025

Page 3

 
WILTON TRANSPORT LIMITED
REGISTERED NUMBER: 05951404

BALANCE SHEET
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
13,967
20,413

Tangible assets
 5 
1,469,691
901,479

  
1,483,658
921,892

Current assets
  

Stocks
 6 
175,517
174,010

Debtors
 7 
2,990,662
3,328,983

Cash at bank and in hand
 8 
28,494
129,529

  
3,194,673
3,632,522

Creditors: amounts falling due within one year
 9 
(2,383,367)
(2,498,628)

Net current assets
  
 
 
811,306
 
 
1,133,894

Total assets less current liabilities
  
2,294,964
2,055,786

Creditors: amounts falling due after more than one year
 10 
(731,609)
(218,970)

Provisions for liabilities
  

Deferred tax
 12 
(172,503)
(208,314)

  
 
 
(172,503)
 
 
(208,314)

Net assets
  
1,390,852
1,628,502


Capital and reserves
  

Called up share capital 
 13 
100
100

Profit and loss account
  
1,390,752
1,628,402

  
1,390,852
1,628,502


The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




B J Newton
Director
Page 4

 
WILTON TRANSPORT LIMITED
REGISTERED NUMBER: 05951404

BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2024


Date: 9 May 2025

The notes on pages 7 to 16 form part of these financial statements.

Page 5

 
WILTON TRANSPORT LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 January 2023
100
1,936,489
1,936,589


Comprehensive income for the year

Loss for the year
-
(308,087)
(308,087)
Total comprehensive income for the year
-
(308,087)
(308,087)


Total transactions with owners
-
-
-



At 1 January 2024
100
1,628,402
1,628,502


Comprehensive income for the Year

Loss for the Year
-
(237,650)
(237,650)
Total comprehensive income for the Year
-
(237,650)
(237,650)


Total transactions with owners
-
-
-


At 31 December 2024
100
1,390,752
1,390,852


The notes on pages 7 to 16 form part of these financial statements.

Page 6

 
WILTON TRANSPORT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Wilton Transport Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is Chiltern House, 45 Station Road, Henley-On-Thames, Oxforshire, England, RG9 1AT.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

Management believe WTL are a going concern based on volume litres sold ans budgeted, support will also be provided if necessary by the main trading company in the group.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 7

 
WILTON TRANSPORT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the Year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the Year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.9

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 The estimated useful lives range as follows:

Software
-
4
years

Page 8

 
WILTON TRANSPORT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.10

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
over 3-5 years
Motor vehicles
-
over 3-7 years
Fixtures, fittings and equipment
-
over 3-4 years

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.12

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.13

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.14

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 9

 
WILTON TRANSPORT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

2024
2023
£
£

Wages and salaries
971,865
804,106

Social security costs
98,097
84,191

Cost of defined contribution scheme
20,862
16,944

1,090,824
905,241


The average monthly number of employees, including the director, during the Year was as follows:


        2024
        2023
            No.
            No.







Total
26
23

Page 10

 
WILTON TRANSPORT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Intangible assets




Computer software

£



Cost


At 1 January 2024
25,785



At 31 December 2024

25,785



Amortisation


At 1 January 2024
5,372


Charge for the Year on owned assets
6,446



At 31 December 2024

11,818



Net book value



At 31 December 2024
13,967



At 31 December 2023
20,413



Page 11

 
WILTON TRANSPORT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures,  fittings and  equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2024
153,534
1,452,467
2,868
1,608,869


Additions
-
820,500
2,244
822,744


Disposals
-
(49,500)
-
(49,500)



At 31 December 2024

153,534
2,223,467
5,112
2,382,113



Depreciation


At 1 January 2024
56,041
649,122
2,227
707,390


Charge for the Year on owned assets
15,401
218,767
1,389
235,557


Disposals
-
(30,525)
-
(30,525)



At 31 December 2024

71,442
837,364
3,616
912,422



Net book value



At 31 December 2024
82,092
1,386,103
1,496
1,469,691



At 31 December 2024
97,493
803,345
641
901,479

Page 12

 
WILTON TRANSPORT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Stocks

2024
2023
£
£

Fuel stocks
175,517
174,010

175,517
174,010


Page 13

 
WILTON TRANSPORT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£



Trade debtors
2,294,523
2,431,141

Amounts owed by group undertakings
400,000
700,000

Other debtors
154,858
87,919

Prepayments and accrued income
141,281
109,923

2,990,662
3,328,983



8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
28,494
129,529

Less: bank overdrafts
(1,522,952)
(1,696,985)

(1,494,458)
(1,567,456)



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
1,522,952
1,696,985

Trade creditors
373,861
553,960

Other taxation and social security
39,325
32,671

Obligations under finance lease and hire purchase contracts
266,340
119,871

Other creditors
162,123
36,146

Accruals and deferred income
18,766
58,995

2,383,367
2,498,628



The bank overdraft is secured by charges over the assets of the company

Page 14

 
WILTON TRANSPORT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
731,609
218,970

731,609
218,970




11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
267,584
119,871

Between 1-5 years
731,609
218,970

999,193
338,841


12.


Deferred taxation




2024


£






At beginning of year
(208,314)


Released to profit or loss
35,811



At end of year
(172,503)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(348,832)
(208,314)

Tax losses carried forward
176,329
-

(172,503)
(208,314)


13.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



Page 15

 
WILTON TRANSPORT LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

13.Share capital (continued)

100 (2023 - 100) Ordinary shares of £1.00 each
100
100



14.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £20,862 (2023 - £16,944). Contributions totalling £Nil (2023 - £Nill) were payable to the fund at the balance sheet date and are included in creditors.


15.


Related party transactions

As a wholly owned subsidiary, the company has taken advantage of the exemption in Financial Reporting Standard 102 paragraph 33 not to disclose transactions with other group companies, where 100% of the voting rights are controlled by the group.


16.


Controlling party

As at 31 December 2024  the ultimate parent undertaking is Geos Group Limited, a company registered in England & Wales, by virtue of its 100% shareholding. Copies of the group financial statement of Geos Group Limited are available from Chiltern House, 45 Station Road, Henley-on-Thames, Oxfordshire, RG9 1AT.
The ultimate controlling party is Barry J Newton, by virtue of his controlling shareholding in the ultimate parent undertaking.


17.


Auditor's information

The auditor's report on the financial statements for the Year ended 31 December 2024 was unqualified.

The audit report was signed on 13 May 2025 by Alan Poole BA (Hons) FCA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.

Page 16