REGISTERED NUMBER: 02779409 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

JOHN BYWATER TRANSPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J-C Ricart

R Fiquet

K Letham

REGISTERED OFFICE:

Pike Road Industrial Estate

Pike Road

Eythorne

Kent

CT15 4ND

REGISTERED NUMBER:

02779409 (England and Wales)

SENIOR STATUTORY AUDITOR:

Paul Flood BFP FCA

AUDITORS:

Spain Brothers & Co

Chartered Accountants and Statutory Auditors

Westgate House

87 St Dunstans Street

Canterbury

Kent

CT2 8AE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,576,678

1,095,463

Investments

6

25,000

25,000

1,601,678

1,120,463

CURRENT ASSETS

Stocks

7

3,142

3,539

Debtors

8

888,613

869,115

Cash at bank and in hand

145,239

54,826

1,036,994

927,480

CREDITORS

Amounts falling due within one year

9

867,302

775,989

NET CURRENT ASSETS

169,692

151,491

TOTAL ASSETS LESS CURRENT LIABILITIES

1,771,370

1,271,954

CREDITORS

Amounts falling due after more than one year

10

(831,487

)

(423,395

)

PROVISIONS FOR LIABILITIES

(146,214

)

(220,741

)

NET ASSETS

793,669

627,818

CAPITAL AND RESERVES

Called up share capital

1,316

1,316

Share premium

99,684

99,684

Retained earnings

692,669

526,818

793,669

627,818

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 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 15th September 2025 and were signed on its behalf by:

K Letham - Director

R Fiquet - Director

1.	STATUTORY INFORMATION

John Bywater 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

50 years

Improvements to property

-

Straight line over 15 years

Plant and machinery

-

20% on reducing balance and 10% on reducing balance

Fixtures and fittings

-

50% on reducing balance, 40% on reducing balance, Straight line over 3 years and Straight line over 15 years

Motor vehicles

-

25% on reducing balance, Straight line over life of lease, Straight line over 7 years and Straight line over 5 years

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 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 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 45 (2023 - 49 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st January 2024

and 31st December 2024

14,000

AMORTISATION

At 1st January 2024

and 31st December 2024

14,000

NET BOOK VALUE

At 31st December 2024

-

At 31st December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1st January 2024

246,739

16,606

519,955

Additions

-

-

42,696

Disposals

-

-

-

At 31st December 2024

246,739

16,606

562,651

DEPRECIATION

At 1st January 2024

7,342

356

340,232

Charge for year

1,046

1,107

30,059

Eliminated on disposal

-

-

-

At 31st December 2024

8,388

1,463

370,291

NET BOOK VALUE

At 31st December 2024

238,351

15,143

192,360

At 31st December 2023

239,397

16,250

179,723

Fixtures

and

Motor

fittings

vehicles

Totals

£

£

£

COST

At 1st January 2024

80,919

1,322,000

2,186,219

Additions

2,895

674,120

719,711

Disposals

-

(126,900

)

(126,900

)

At 31st December 2024

83,814

1,869,220

2,779,030

DEPRECIATION

At 1st January 2024

72,924

669,902

1,090,756

Charge for year

1,453

202,056

235,721

Eliminated on disposal

-

(124,125

)

(124,125

)

At 31st December 2024

74,377

747,833

1,202,352

NET BOOK VALUE

At 31st December 2024

9,437

1,121,387

1,576,678

At 31st December 2023

7,995

652,098

1,095,463

Included within Tangible Fixed Assets are Motor Vehicles and Trailers with a cost of £2,064,772 and Net Book Value of £1,166,069 that are subject to finance.

The depreciation for the year on these assets was £220,904.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st January 2024

and 31st December 2024

25,000

NET BOOK VALUE

At 31st December 2024

25,000

At 31st December 2023

25,000

7.

STOCKS

2024

2023

£

£

Stocks

3,142

3,539

8.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

781,032

782,124

Other debtors

52,617

47,617

VAT

10,302

-

Prepayments and accrued income

14,662

14,374

858,613

844,115

Amounts falling due after more than one year:

Amounts owed by group undertakings

30,000

25,000

Aggregate amounts

888,613

869,115

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

3,239

Other loans

10,000

10,000

Hire purchase contracts

260,753

171,403

Trade creditors

263,948

246,499

Social security and other taxes

31,191

35,051

VAT

-

13,845

Other creditors

282,670

278,742

Accruals and deferred income

18,740

17,210

867,302

775,989

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Other loans - 1-2 years

10,000

10,000

Other loans - 2-5 years

2,684

12,500

Hire purchase contracts

818,803

400,895

831,487

423,395

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

-

3,239

Other loans

22,684

32,500

Hire purchase contracts

1,079,556

572,298

1,102,240

608,037

Bank Borrowings are secured by charges over the company's land and buildings and by a floating charge over all other assets.

The other loans represent funds borrowed under the Government backed Bounce Back scheme.

Hire purchase and finance lease liabilities are secured against the assets to which they relate.

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Flood BFP FCA (Senior Statutory Auditor)

for and on behalf of Spain Brothers & Co

13.	RELATED PARTY DISCLOSURES

In the year 31st December 2024, the Company purchased goods and services totalling £123,214 (2023 £25,791) from AllianceEurope SARL a fellow group member. At the year end the Company owed £9,255 (2023 £13,205) to its fellow group member.

In the year 31st December 2024, the Company provided goods and services totalling £668,431 (2023 £856,460) to AllianceEurope SARL a fellow group member. At the year end the Company was owed £4,623 (2023 £7,731) from its fellow group member.

In the year 31st December 2024, the Company paid rent of £40,800 (2023 £20,400) to Bywater Developments (UK) Limited a fellow group member. At the year end the Company owed £Nil (2023 £Nil) to its fellow group member.

14.	ULTIMATE CONTROLLING PARTY

The Ultimate Parent Company is Sarl Orion, a company registered in France and its address is Z.A -St Jean de la Neuville ,76210 Bolbec, France