REGISTERED NUMBER: 03473596 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

S M W Haulage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTOR:

G R Pook

REGISTERED OFFICE:

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

REGISTERED NUMBER:

03473596 (England and Wales)

ACCOUNTANTS:

Kirk Hills Business Advisors

a trading name of RT Marke &

Co Ltd Chartered Accountants

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

FIXED ASSETS

Tangible assets

4

421,686

458,931

CURRENT ASSETS

Debtors

5

283,076

256,929

Cash at bank

10,090

15,204

293,166

272,133

CREDITORS

Amounts falling due within one year

6

219,520

217,279

NET CURRENT ASSETS

73,646

54,854

TOTAL ASSETS LESS CURRENT LIABILITIES

495,332

513,785

CREDITORS

Amounts falling due after more than one year

7

(110,735

)

(176,517

)

PROVISIONS FOR LIABILITIES

(101,971

)

(84,567

)

NET ASSETS

282,626

252,701

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

282,624

252,699

SHAREHOLDERS' FUNDS

282,626

252,701

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 director acknowledges his 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 director and authorised for issue on 19 September 2025 and were signed by:

G R Pook - Director

1.	STATUTORY INFORMATION

SMW Haulage 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. The company trades from Unit 10, Howden Industrial Estate, Tiverton, Devon, EX16 5HW.

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.

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.

Plant and machinery

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

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.

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 10 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Plant and

Computer

to property

machinery

equipment

Totals

£

£

£

£

COST

At 1 January 2024

13,638

781,144

1,331

796,113

Additions

-

79,200

-

79,200

Disposals

-

(205,197

)

-

(205,197

)

At 31 December 2024

13,638

655,147

1,331

670,116

DEPRECIATION

At 1 January 2024

-

335,860

1,322

337,182

Charge for year

-

52,371

1

52,372

Eliminated on disposal

-

(141,124

)

-

(141,124

)

At 31 December 2024

-

247,107

1,323

248,430

NET BOOK VALUE

At 31 December 2024

13,638

408,040

8

421,686

At 31 December 2023

13,638

445,284

9

458,931

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

Plant and

machinery

£

COST

At 1 January 2024

368,773

Additions

68,200

At 31 December 2024

436,973

DEPRECIATION

At 1 January 2024

49,789

Charge for year

41,387

At 31 December 2024

91,176

NET BOOK VALUE

At 31 December 2024

345,797

At 31 December 2023

318,984

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

283,076

256,929

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

37,656

69,044

Hire purchase contracts

104,871

80,495

Trade creditors

9,382

41,890

Taxation and social security

58,923

16,389

Other creditors

8,688

9,461

219,520

217,279

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

9,225

19,232

Hire purchase contracts

101,510

157,285

110,735

176,517

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the company entered into transactions with entities involving Mr G R Pook, the director of the company.

The company purchased goods and services from G R Pook Engineering Limited, a company in which Mr G R Pook is director.

9.	RELATED PARTY DISCLOSURES

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of S M W Haulage Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of S M W Haulage Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of S M W Haulage Limited and state those matters that we have agreed to state to the director of S M W Haulage Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than S M W Haulage Limited and its director for our work or for this report.

It is your duty to ensure that S M W Haulage Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of S M W Haulage Limited. You consider that S M W Haulage Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of S M W Haulage Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Kirk Hills Business Advisors

a trading name of RT Marke &

Co Ltd Chartered Accountants

5 Barnfield Crescent

Exeter

Devon

EX1 1QT

19 September 2025