Registration number:
R Wilkes Transport & Storage Limited
for the
Year Ended 31 March 2025
R Wilkes Transport & Storage Limited
Contents
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
R Wilkes Transport & Storage Limited
Balance Sheet
as at 31 March 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Allotted, called up and fully paid share capital |
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Profit and loss account |
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Shareholders' funds |
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Registration number: 09188091
R Wilkes Transport & Storage Limited
Balance Sheet
as at 31 March 2025 (continued)
For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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R Wilkes Transport & Storage Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 March 2025
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General information |
The company is a private company limited by shares incorporated in England within the United Kingdom.
The company's registration number is 09188091.
The address of its registered office is:
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
Turnover from the provision of services is recognised at the point that the service is provided to the buyer.
R Wilkes Transport & Storage Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 March 2025
(continued)
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Accounting policies (continued) |
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible assets
Tangible assets are stated in the balance sheet at cost (or deemed cost), less any accumulated depreciation and accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Land and buildings |
- 2% per annum on a straight line basis |
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Fixtures and fittings |
- 25% per annum on a straight line basis |
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Motor vehicles |
- 25% per annum on a straight line basis |
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Plant and machinery |
- 25% per annum on a straight line basis |
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions are charged to the profit and loss account.
R Wilkes Transport & Storage Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 March 2025
(continued)
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Staff numbers |
The average number of persons employed by the company (including directors) during the year was
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Tangible assets |
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Land and buildings |
Fixtures and fittings |
Motor vehicles |
Plant and machinery |
Total |
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Cost |
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At 1 April 2024 |
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Additions |
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Disposals |
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- |
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At 31 March 2025 |
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Depreciation |
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At 1 April 2024 |
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Charge for the year |
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Eliminated on disposal |
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At 31 March 2025 |
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Net book value |
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At 31 March 2025 |
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- |
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At 31 March 2024 |
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- |
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Debtors |
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Current |
2025 |
2024 |
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Trade debtors |
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Prepayments |
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Other debtors |
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R Wilkes Transport & Storage Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 31 March 2025
(continued)
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Creditors |
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2025 |
2024 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Accruals and deferred income |
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Corporation tax |
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Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
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Related party transactions |
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Transactions with directors |
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2025 |
At 1 April 2024 |
Repayments by director |
At 31 March 2025 |
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Director's loan account |
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( |
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2024 |
At 1 April 2023 |
Repayments by director |
At 31 March 2024 |
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Director's loan account |
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( |
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Interest is charged each year on the outstanding loan, at the beneficial interest rate set by HMRC.