REGISTERED NUMBER: 12739977 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HWC LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J J Whiteley

J Oxley

V A Grant

S C Mclaren

L Foucher

REGISTERED OFFICE:

Unit 8 Capitol Industrial Estate

Fulmar Way

Wickford

Essex

SS11 8YW

REGISTERED NUMBER:

12739977 (England and Wales)

AUDITORS:

Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

1,342,852

1,593,970

CURRENT ASSETS

Debtors

5

2,655,897

2,221,439

Cash at bank

189,305

78,644

2,845,202

2,300,083

CREDITORS

Amounts falling due within one year

6

(3,975,554

)

(3,474,412

)

NET CURRENT LIABILITIES

(1,130,352

)

(1,174,329

)

TOTAL ASSETS LESS CURRENT LIABILITIES

212,500

419,641

PROVISIONS FOR LIABILITIES

(335,713

)

(398,493

)

NET (LIABILITIES)/ASSETS

(123,213

)

21,148

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(123,313

)

21,048

SHAREHOLDERS' FUNDS

(123,213

)

21,148

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 Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

J J Whiteley - Director

1.	STATUTORY INFORMATION

HWC Logistics 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on cost and 20% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 55 (2023 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

50,386

2,542,212

2,592,598

Additions

-

1,032

1,032

At 31 December 2024

50,386

2,543,244

2,593,630

DEPRECIATION

At 1 January 2024

31,806

966,822

998,628

Charge for year

14,409

237,741

252,150

At 31 December 2024

46,215

1,204,563

1,250,778

NET BOOK VALUE

At 31 December 2024

4,171

1,338,681

1,342,852

At 31 December 2023

18,580

1,575,390

1,593,970

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

43,605

25,610

Amounts owed by group undertakings

2,276,207

1,871,988

Other debtors

336,085

323,841

2,655,897

2,221,439

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

195,031

345,436

Amounts owed to group undertakings

3,236,449

2,580,101

Taxation and social security

232,929

212,223

Other creditors

311,145

336,652

3,975,554

3,474,412

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

466,565

1,615,875

Between one and five years

-

466,565

466,565

2,082,440

After the year end, the company signed a new lease starting 10th March 2025 for 10 years. The total lease commitment per annum is £1,302,359.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

93

Ordinary

£1

93

93

7

Ordinary A

£1

7

7

100

100

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

The Report of the Auditors was unqualified.

Stephen James Moore (Senior Statutory Auditor)

for and on behalf of Watson Associates (Audit Services) Ltd