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REGISTERED NUMBER: NI672290 (Northern Ireland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

ALVIN WALLACE TRANSPORT LIMITED

ALVIN WALLACE TRANSPORT LIMITED (Registered number: NI672290)






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




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


ALVIN WALLACE TRANSPORT LIMITED

Company Information
for the Year Ended 30 September 2024







DIRECTOR: A Wallace



REGISTERED OFFICE: 24 NEILLS VILLAS
LOUGHGILLY
ARMAGH
Co. Armagh
BT60 2DX



REGISTERED NUMBER: NI672290 (Northern Ireland)



ACCOUNTANTS: Henderson & Co
Chartered Certified Accountants
15 Killuney Drive
Armagh
Co. Armagh
BT60 1AY



BANKERS: Bank of Ireland
11 Upper English Street
Armagh
Armagh

ALVIN WALLACE TRANSPORT LIMITED

Report of the Accountants to the Director of
ALVIN WALLACE TRANSPORT LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages four to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Henderson & Co
Chartered Certified Accountants
15 Killuney Drive
Armagh
Co. Armagh
BT60 1AY


27 June 2025

ALVIN WALLACE TRANSPORT LIMITED (Registered number: NI672290)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 409,648 208,315

CURRENT ASSETS
Debtors 5 118,135 67,750
Cash at bank 2,638 10,875
120,773 78,625
CREDITORS
Amounts falling due within one year 6 338,050 165,350
NET CURRENT LIABILITIES (217,277 ) (86,725 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,371

121,590

CREDITORS
Amounts falling due after more than
one year

7

124,118

61,143
NET ASSETS 68,253 60,447

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 68,252 60,446
SHAREHOLDERS' FUNDS 68,253 60,447

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ALVIN WALLACE TRANSPORT LIMITED (Registered number: NI672290)

Balance Sheet - continued
30 September 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 director and authorised for issue on 27 June 2025 and were signed by:





A Wallace - Director


ALVIN WALLACE TRANSPORT LIMITED (Registered number: NI672290)

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

1. STATUTORY INFORMATION

ALVIN WALLACE TRANSPORT LIMITED is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 10% on reducing balance
Motor vehicles - 10% on reducing balance

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

ALVIN WALLACE TRANSPORT LIMITED (Registered number: NI672290)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 55,662 182,000 237,662
Additions 93,643 156,000 249,643
Disposals (3,000 ) (16,000 ) (19,000 )
At 30 September 2024 146,305 322,000 468,305
DEPRECIATION
At 1 October 2023 4,903 24,444 29,347
Charge for year 10,229 20,456 30,685
Eliminated on disposal (175 ) (1,200 ) (1,375 )
At 30 September 2024 14,957 43,700 58,657
NET BOOK VALUE
At 30 September 2024 131,348 278,300 409,648
At 30 September 2023 50,759 157,556 208,315

ALVIN WALLACE TRANSPORT LIMITED (Registered number: NI672290)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 October 2023 38,000 106,500 144,500
Additions 21,000 140,000 161,000
At 30 September 2024 59,000 246,500 305,500
DEPRECIATION
At 1 October 2023 2,825 8,904 11,729
Charge for year 4,043 13,353 17,396
At 30 September 2024 6,868 22,257 29,125
NET BOOK VALUE
At 30 September 2024 52,132 224,243 276,375
At 30 September 2023 35,175 97,596 132,771

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 92,662 53,196
Prepayments 25,473 14,554
118,135 67,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 80,566 38,708
Trade creditors 51,716 25,439
Social security and other taxes 9,783 2,245
VAT 9,554 8,886
Directors' current accounts 179,623 86,011
Accrued expenses 6,808 4,061
338,050 165,350

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Hire purchase contracts 124,118 61,143

ALVIN WALLACE TRANSPORT LIMITED (Registered number: NI672290)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary 1 1 1

9. RESERVES
Retained
earnings
£   

At 1 October 2023 60,446
Profit for the year 8,306
Dividends (500 )
At 30 September 2024 68,252