NEW WAY TRANSPORT LTD

Company Registration Number:
11130603 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 01 February 2024

End date: 31 January 2025

NEW WAY TRANSPORT LTD

Contents of the Financial Statements

for the Period Ended 31 January 2025

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 12

NEW WAY TRANSPORT LTD

Company Information

for the Period Ended 31 January 2025




Director: Mihai Portase
Registered office: The Hub Business Centre
Hubbard Way
2 Civic Drive
Ipswich
Suffolk
England
IP1 2QA
Company Registration Number: 11130603 (England and Wales)

NEW WAY TRANSPORT LTD

Directors' Report Period Ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Principal Activities

Freight transport by road

Political and charitable donations

The company's charitable donations during the period amounted to £935. No political donations were made

Company policy on the employment of disabled persons

The company policy is to employ disabled people wherever practical.

Directors

The directors shown below have held office during the whole of the period from 01 February 2024 to 31 January 2025
Mihai Portase

This report was approved by the board of directors on 31 October 2025
And Signed On Behalf Of The Board By:

Name: Mihai Portase
Status: Director

NEW WAY TRANSPORT LTD

Profit and Loss Account

for the Period Ended 31 January 2025


Notes

2025
£

2024
£
Turnover 494,541 391,440
Cost of sales ( 149,520 ) ( 146,174 )
Gross Profit or (Loss) 345,021 245,266
Administrative Expenses ( 307,650 ) ( 243,139 )
Other operating income - 3,732
Operating Profit or (Loss) 37,371 5,859
Interest Payable and Similar Charges ( 12,350 ) -
Profit or (Loss) Before Tax 25,021 5,859
Tax on Profit ( 4,756 ) ( 1,113 )
Profit or (Loss) for Period 20,265 4,746

The notes form part of these financial statements

NEW WAY TRANSPORT LTD

Balance sheet

As at 31 January 2025


Notes

2025
£

2024
£
Fixed assets
Tangible assets: 5 231,524 197,904
Total fixed assets: 231,524 197,904
Current assets
Debtors: 6 12,870 9,995
Cash at bank and in hand: 60,584 79,752
Total current assets: 73,454 89,747
Creditors: amounts falling due within one year: 7 ( 124,362 ) ( 125,413 )
Net current assets (liabilities): ( 50,908 ) ( 35,666 )
Total assets less current liabilities: 180,616 162,238
Creditors: amounts falling due after more than one year: 8 ( 160,350 ) ( 156,379 )
Total net assets (liabilities): 20,266 5,859

The notes form part of these financial statements

NEW WAY TRANSPORT LTD

Balance sheet continued

As at 31 January 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 20,265 5,858
Shareholders funds: 20,266 5,859

For the year ending 31 January 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 31 October 2025
And Signed On Behalf Of The Board By:

Name: Mihai Portase
Status: Director

The notes form part of these financial statements

NEW WAY TRANSPORT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover represents amounts receivable for goods and services net of VAT and trade discounts.

    Tangible fixed assets depreciation policy

    Annual depreciation motor vehicles is calculated at 10% of reducing balance amount .

NEW WAY TRANSPORT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 13 3

NEW WAY TRANSPORT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 3. Off balance sheet disclosure

    No

NEW WAY TRANSPORT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

4. Dividends


2025
£

2024
£
Dividends paid 1,000 1,000

NEW WAY TRANSPORT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

5. Tangible assets

Motor vehicles Total
Cost £ £
At 01 February 2024 197,904 197,904
Additions 64,250 64,250
Disposals - -
Revaluations - -
Transfers - -
At 31 January 2025 262,154 262,154
Depreciation
At 01 February 2024 - -
Charge for year 30,630 30,630
On disposals - -
Other adjustments - -
At 31 January 2025 30,630 30,630
Net book value
At 31 January 2025 231,524 231,524
At 31 January 2024 197,904 197,904

NEW WAY TRANSPORT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

6. Debtors


2025
£

2024
£
Trade debtors 12,870 9,995
Total 12,870 9,995

NEW WAY TRANSPORT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

7.Creditors: amounts falling due within one year note


2025
£

2024
£
Bank loans and overdrafts 16,033 26,944
Amounts due under finance leases and hire purchase contracts 46,457 54,452
Trade creditors 16,377 9,995
Taxation and social security 45,495 34,022
Total 124,362 125,413

NEW WAY TRANSPORT LTD

Notes to the Financial Statements

for the Period Ended 31 January 2025

8.Creditors: amounts falling due after more than one year


2025
£

2024
£
Bank loans and overdrafts 15,014 22,637
Amounts due under finance leases and hire purchase contracts 145,336 133,742
Total 160,350 156,379