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REGISTERED NUMBER: 08761554 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

West Road Haulage Ltd

West Road Haulage Ltd (Registered number: 08761554)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


West Road Haulage Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: K Osborn
A J Osborn





REGISTERED OFFICE: 2 Cooks Drive
Castle Donington
Derby
DE74 2SW





REGISTERED NUMBER: 08761554 (England and Wales)





ACCOUNTANTS: Bourne & Co
Chartered Accountants
6 Lichfield Street
Burton-on-Trent
Staffordshire
DE14 3RD

West Road Haulage Ltd (Registered number: 08761554)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,250 665
Tangible assets 5 780,673 603,333
782,923 603,998

CURRENT ASSETS
Debtors 234,385 160,210
Cash at bank and in hand 109,836 153,261
344,221 313,471
CREDITORS
Amounts falling due within one year 486,120 394,138
NET CURRENT LIABILITIES (141,899 ) (80,667 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

641,024

523,331

CREDITORS
Amounts falling due after more than
one year

311,650

202,025
NET ASSETS 329,374 321,306

CAPITAL AND RESERVES
Called up share capital 373,642 373,642
Retained earnings (44,268 ) (52,336 )
SHAREHOLDERS' FUNDS 329,374 321,306

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

West Road Haulage Ltd (Registered number: 08761554)

Abridged Balance Sheet - continued
31 December 2024


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

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 July 2025 and were signed on its behalf by:





K Osborn - Director


West Road Haulage Ltd (Registered number: 08761554)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

West Road Haulage Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on the going concern basis.

Turnover
Turnover represents the net invoiced value of haulage services provided within the year.
Revenue is recognised upon invoice which occurs once the performance of a contract is complete.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

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.
Improvements to property - 25% on reducing balance
Fixtures, fittings and equipment - 25% on reducing balance
Motor vehicles - at variable rates on reducing balance
IT equipment - 33% on cost

The directors undertake an impairment review of the motor vehicles each year and charge depreciation accordingly.

Taxation
Taxation for the year comprises current tax only. Tax is recognised in the Statement of Income and Retained Earnings, 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, where they exist, 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.


West Road Haulage Ltd (Registered number: 08761554)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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
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.

Debtors
Short term debtors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

Creditors
Short term creditors are measured at transaction price less any impairment. Any losses arising from impairment are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

West Road Haulage Ltd (Registered number: 08761554)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024
and 31 December 2024 4,680
AMORTISATION
At 1 January 2024 4,015
Amortisation for year (1,585 )
At 31 December 2024 2,430
NET BOOK VALUE

At 31 December 2024 2,250
At 31 December 2023 665

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 1,119,282
Additions 302,965
Disposals (103,674 )
At 31 December 2024 1,318,573
DEPRECIATION
At 1 January 2024 515,949
Charge for year 97,065
Eliminated on disposal (75,114 )
At 31 December 2024 537,900
NET BOOK VALUE
At 31 December 2024 780,673
At 31 December 2023 603,333

West Road Haulage Ltd (Registered number: 08761554)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 January 2024 673,990
Additions 299,495
At 31 December 2024 973,485
DEPRECIATION
At 1 January 2024 237,980
Charge for year 85,116
At 31 December 2024 323,096
NET BOOK VALUE
At 31 December 2024 650,389
At 31 December 2023 436,010

6. LEASING AGREEMENTS

At the year end, the company had total operating lease commitments amounting to £1,806 (2023: £14,177).

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 439,959 295,230

Hire purchase and finance leases are secured on the assets to which they relate.