Company Registration No. 07883919 (England and Wales)
R G WILLING TRANSPORT SERVICE LTD
Unaudited accounts
for the year ended 31 December 2024
R G WILLING TRANSPORT SERVICE LTD
Unaudited accounts
Contents
R G WILLING TRANSPORT SERVICE LTD
Company Information
for the year ended 31 December 2024
Directors
Thanminder Singh RAI
Bhapinder Singh RAI
Company Number
07883919 (England and Wales)
Registered Office
53 Whitehall Road
Grays
England
RM17 5NX
R G WILLING TRANSPORT SERVICE LTD
Statement of financial position
as at 31 December 2024
Tangible assets
382,163
477,704
Cash at bank and in hand
2,448
2,448
Creditors: amounts falling due within one year
(313,745)
(392,242)
Net current liabilities
(264,978)
(341,079)
Total assets less current liabilities
117,185
136,625
Creditors: amounts falling due after more than one year
(66,186)
(17,624)
Provisions for liabilities
Deferred tax
(87,302)
(109,378)
Net (liabilities)/assets
(36,303)
9,623
Called up share capital
67
67
Capital redemption reserve
33
33
Profit and loss account
(36,403)
9,523
Shareholders' funds
(36,303)
9,623
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2025 and were signed on its behalf by
Thanminder Singh RAI
Director
Company Registration No. 07883919
R G WILLING TRANSPORT SERVICE LTD
Notes to the Accounts
for the year ended 31 December 2024
R G WILLING TRANSPORT SERVICE LTD is a private company, limited by shares, registered in England and Wales, registration number 07883919. The registered office is 53 Whitehall Road, Grays, England, RM17 5NX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% on reducing basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
R G WILLING TRANSPORT SERVICE LTD
Notes to the Accounts
for the year ended 31 December 2024
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Tangible fixed assets
Plant & machinery
At 1 January 2024
1,246,630
At 31 December 2024
1,246,630
Charge for the year
95,541
At 31 December 2024
864,467
At 31 December 2024
382,163
At 31 December 2023
477,704
Amounts falling due within one year
Trade debtors
34,319
34,896
Other debtors
12,000
13,819
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
27,019
40,894
Obligations under finance leases and hire purchase contracts
52,162
113,860
Trade creditors
37,316
57,211
Taxes and social security
145,585
149,516
Loans from directors
32,724
16,307
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
66,186
17,624
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Average number of employees
During the year the average number of employees was 4 (2023: 4).