Swan-Way Haulage Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01416142

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		292,627		305,535

			292,627		305,535
CURRENT ASSETS
Debtors	5	91,401		96,939
Cash at bank and in hand		(591 )		4,928

		90,810		101,867
Creditors: Amounts Falling Due Within One Year	6	(371,232 )		(364,320 )

NET CURRENT ASSETS (LIABILITIES)			(280,422 )		(262,453 )

TOTAL ASSETS LESS CURRENT LIABILITIES			12,205		43,082

Creditors: Amounts Falling Due After More Than One Year	7		(24,466 )		(42,024 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	9		(19,045 )		(19,045 )

NET LIABILITIES			(31,306 )		(17,987 )

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			(31,406 )		(18,087 )

SHAREHOLDERS' FUNDS			(31,306)		(17,987)

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Swan-Way Haulage Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Searles

Director

09/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Swan-Way Haulage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01416142 . The registered office is Day's Farm Garden Place, Wilmington, Nr Dartford, Kent, DA2 7EP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not provided
Leasehold	Not provided
Plant & Machinery	20% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	20% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Employees	1	3

	1	3

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Swan-Way Haulage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 June 2024	169,270	57,053	11,470	261,021
Additions	-	-	-	7,995

As at 31 May 2025	169,270	57,053	11,470	269,016

Depreciation
As at 1 June 2024	-	-	10,077	183,202
Provided during the period	-	-	279	20,624

As at 31 May 2025	-	-	10,356	203,826

Net Book Value
As at 31 May 2025	169,270	57,053	1,114	65,190

As at 1 June 2024	169,270	57,053	1,393	77,819


	Fixtures & Fittings	Total
	£	£
Cost
As at 1 June 2024	3,856	502,670
Additions	-	7,995

As at 31 May 2025	3,856	510,665

Depreciation
As at 1 June 2024	3,856	197,135
Provided during the period	-	20,903

As at 31 May 2025	3,856	218,038

Net Book Value
As at 31 May 2025	-	292,627

As at 1 June 2024	-	305,535

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	91,401	96,721
Prepayments and accrued income	-	218

	91,401	96,939

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Swan-Way Haulage Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	(77,593 )	(77,593 )
Trade creditors	153,951	145,790
Bank loans and overdrafts	22,794	28,455
Other taxes and social security	8,379	8,379
VAT	3,884	3,842
Business Barclays cards	2,206	-
Pension control account	34,109	34,109
Bounce Back Loan	10,000	10,000
Other creditor	71,899	71,899
Other loan	8,000	8,000
Accruals and deferred income	2,800	2,800
Director's loan account	130,803	128,639

	371,232	364,320

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	18,632	26,191
Bank loans	5,834	15,833

	24,466	42,024

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	(77,593 )	(77,593 )
Later than one year and not later than five years	18,632	26,191

	(58,961 )	(51,402 )

	(58,961 )	(51,402 )

9. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Other timing differences	19,045	19,045

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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