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REGISTERED NUMBER: 06909369 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

2 WAY TRANSPORT LIMITED

2 WAY TRANSPORT LIMITED (REGISTERED NUMBER: 06909369)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


2 WAY TRANSPORT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: K B Burlinson
Mrs M A Burlinson





SECRETARY: Mrs M A Burlinson





REGISTERED OFFICE: 29-30 High Santon Villas
High Santon
SCUNTHORPE
DN15 0DG





REGISTERED NUMBER: 06909369 (England and Wales)

2 WAY TRANSPORT LIMITED (REGISTERED NUMBER: 06909369)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 138,323 165,523

CURRENT ASSETS
Stocks 112,529 87,647
Debtors 5 299,225 245,730
Cash at bank and in hand 995,300 851,098
1,407,054 1,184,475
CREDITORS
Amounts falling due within one year 6 383,638 283,233
NET CURRENT ASSETS 1,023,416 901,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,161,739

1,066,765

PROVISIONS FOR LIABILITIES 34,580 37,275
NET ASSETS 1,127,159 1,029,490

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,127,059 1,029,390
SHAREHOLDERS' FUNDS 1,127,159 1,029,490

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 14 July 2025 and were signed on its behalf by:




K B Burlinson - Director


2 WAY TRANSPORT LIMITED (REGISTERED NUMBER: 06909369)

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

1. STATUTORY INFORMATION

2 Way Transport Limited is a private company, limited by shares , registered in England and Wales. 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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments
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 39 (2023 - 37 ) .

2 WAY TRANSPORT LIMITED (REGISTERED NUMBER: 06909369)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 108,659 13,622 691,742 6,386 820,409
Additions - 723 18,838 - 19,561
Disposals - - (5,743 ) - (5,743 )
At 31 October 2024 108,659 14,345 704,837 6,386 834,227
DEPRECIATION
At 1 November 2023 74,445 9,728 564,327 6,386 654,886
Charge for year 8,557 1,529 36,538 - 46,624
Eliminated on disposal - - (5,606 ) - (5,606 )
At 31 October 2024 83,002 11,257 595,259 6,386 695,904
NET BOOK VALUE
At 31 October 2024 25,657 3,088 109,578 - 138,323
At 31 October 2023 34,214 3,894 127,415 - 165,523

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 198,164 145,252
Other debtors 101,061 100,478
299,225 245,730

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 43,227 19,689
Taxation and social security 105,095 74,276
Other creditors 235,316 189,268
383,638 283,233

7. RELATED PARTY DISCLOSURES

At the year end the company owed its directors £227,745 (2023: £180,979) on their joint loan account.

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr K B Burlinson by virtue of his directorship and shareholding.