Registration number: 11188176

Went's Logistics Ltd

Profit and Loss Account for the Year Ended 28 February 2025

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Went's Logistics Ltd

(Registration number: 11188176)
Balance Sheet as at 28 February 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	10,435	10,435
Current assets
Debtors	4	23,823	23,824
Creditors: Amounts falling due within one year	5	(11,637)	(11,637)
Net current assets		12,186	12,187
Total assets less current liabilities		22,621	22,622
Creditors: Amounts falling due after more than one year	5	(26,428)	(26,428)
Net liabilities		(3,807)	(3,806)
Capital and reserves
Called up share capital	6	100	100
Retained earnings		(3,907)	(3,906)
Shareholders' deficit		(3,807)	(3,806)

For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 30 November 2025
 

......................................... Mr S F H Went Director

Went's Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 18 Industrial Estate
Ddole Road
Llandrindod Wells
Powys
LD1 6DF

These financial statements were authorised for issue by the director on 30 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The accounts have been prepared on the going concern basis on the principal that the director will continue to offer his financial support.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	18% reducing balance

Went's Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Went's Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

3	Tangible assets

	Motor vehicles  £	Total £
Cost or valuation
At 1 March 2024	34,325	34,325
At 28 February 2025	34,325	34,325
Depreciation
At 1 March 2024	23,890	23,890
At 28 February 2025	23,890	23,890
Carrying amount
At 28 February 2025	10,435	10,435
At 29 February 2024	10,435	10,435

4

Debtors

Current	2025 £	2024 £
Other debtors	23,823	23,824
	23,823	23,824

5

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	5,666	5,666
Accruals		1,096	1,096
Income tax liability		4,875	4,875
		11,637	11,637
Due after one year
Loans and borrowings	7	26,428	26,428

6	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

Went's Logistics Ltd

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025

7	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	26,428	26,428

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,319	5,319
Hire purchase contracts	347	347
	5,666	5,666