Company registration number 09094696 (England and Wales)
DE WESSELOW LOGISTICS (DWL) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
DE WESSELOW LOGISTICS (DWL) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
DE WESSELOW LOGISTICS (DWL) LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
909
1,732
Current assets
Debtors
6
114,599
156,453
Cash at bank and in hand
57,639
63,885
172,238
220,338
Creditors: amounts falling due within one year
7
(170,600)
(235,911)
Net current assets/(liabilities)
1,638
(15,573)
Total assets less current liabilities
2,547
(13,841)
Creditors: amounts falling due after more than one year
8
(6,276)
(7,788)
Provisions for liabilities
(227)
(433)
Net liabilities
(3,956)
(22,062)
Capital and reserves
Called up share capital
9
1
1
Profit and loss reserves
(3,957)
(22,063)
Total equity
(3,956)
(22,062)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

DE WESSELOW LOGISTICS (DWL) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2025
30 June 2025
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 12 November 2025
Mr P De Wesselow
Director
Company Registration No. 09094696
DE WESSELOW LOGISTICS (DWL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 3 -
1
Accounting policies
Company information

De Wesselow Logistics (DWL) Limited is a private company limited by shares incorporated in England and Wales (company number: 09094696). The registered office is 14 Bankside, The Watermark, Gateshead, NE11 9SY. The business address is 14 Bankside, The Watermark, Gateshead, NE11 9SY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

1.2
Going concern

Despite the deficit on the balance sheet, a true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Intangible fixed assets - goodwill

Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 5 years. At 30 June 2025, the NBV of goodwill was £nil (20 2 4: £nil)

1.5
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
20% straight line
Computers
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand.

DE WESSELOW LOGISTICS (DWL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

DE WESSELOW LOGISTICS (DWL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
5
6
4
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024 and 30 June 2025
117,500
Amortisation and impairment
At 1 July 2024 and 30 June 2025
117,500
Carrying amount
At 30 June 2025
-
0
At 30 June 2024
-
0
DE WESSELOW LOGISTICS (DWL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 6 -
5
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2024 and 30 June 2025
4,937
Depreciation and impairment
At 1 July 2024
3,205
Depreciation charged in the year
823
At 30 June 2025
4,028
Carrying amount
At 30 June 2025
909
At 30 June 2024
1,732
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
111,083
152,715
Other debtors
3,516
3,738
114,599
156,453
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
1,516
1,475
Trade creditors
104,366
153,351
Corporation tax
29,878
24,750
Other taxation and social security
4,384
5,680
Other creditors
30,456
50,655
170,600
235,911

Bank loans are unsecured.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
6,276
7,788
DE WESSELOW LOGISTICS (DWL) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
8
Creditors: amounts falling due after more than one year
(Continued)
- 7 -

Bank loans are unsecured.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary share of £1 each
1
1
1
1
10
Operating lease commitments
As lessee

At the reporting end date the company had no outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
17,237
33,926
11
Directors' transactions

At 30 June 2025 Mr P De Wesselow was owed by the company £1,947 (30 June 2024: £1,393).

12
Profit and loss reserves

During the year to 30 June 202 5, the director paid dividends in expectation of profits which were not subsequently realised. This is a breach of section 830 of the Companies Act 2006. The director will restore the reserves in the current year and will make no further distributions until such time as there are reserves available for the purpose.

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