TWC Parcel Collection Services Ltd

Registered number

05055419

Unaudited Filleted Accounts

31 March 2025

TWC Parcel Collection Services Ltd
Registered number:		05055419
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		379,927			447,614
			391,527			447,614

Current assets
Stocks		-			-
Debtors	4	1,549,693			1,264,794
Cash at bank and in hand		521,190			635,029
		2,070,883			1,899,823

Creditors: amounts falling due within one year	5	(1,237,502)			(1,232,470)

Net current assets			833,381			667,353

Total assets less current liabilities			1,224,908			1,114,967

Creditors: amounts falling due after more than one year	6		(86,540)			(136,540)

Provisions for liabilities			(94,982)			(111,904)


Net assets			1,043,386			866,523

Capital and reserves
Called up share capital			40,001			40,001
Profit and loss account			1,003,385			826,522

Shareholder's funds			1,043,386			866,523

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Andrew Crockett
Director
Approved by the board on 8 December 2025

TWC Parcel Collection Services Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset on a reducing balance method over its expected useful life, as follows:

	Computer Equipment			25%
	Motor Vehicles			25%
	Plant and machinery			15%
	Fixtures, fittings, tools and equipment			15%

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					35		32


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 April 2024	-		368,967		402,237		771,204
	Additions	-		16,397		-		16,397
	Disposals	-		-		-		-
	At 31 March 2025	-		385,364		402,237		787,601

	Depreciation
	At 1 April 2024	-		184,957		138,633		323,590
	Charge for the year	-		31,363		52,721		84,084
	On disposals	-		-		-		-
	At 31 March 2025	-		216,320		191,354		407,674

	Net book value
	At 31 March 2025	-		169,044		210,883		379,927
	At 31 March 2024	-		184,010		263,604		447,614


4	Debtors					2025		2024
£							£

	Trade debtors					1,299,217		1,085,110
	Deferred tax asset					-		-
	Other debtors					250,476		179,684
						1,549,693		1,264,794

	Amounts due after more than one year included above					-		-


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					37,498		37,498
	Obligations under finance lease and hire purchase contracts					-		2,257
	Trade creditors					946,692		1,061,710
	Taxation and social security costs					247,036		127,762
	Other creditors					6,276		3,243
						1,237,502		1,232,470


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					86,540		136,540
	Obligations under finance lease and hire purchase contracts					-		-
	Trade creditors					-		-
	Other creditors					-		-
						86,540		136,540


7	Loans					2025		2024
£							£
	Creditors include:
	Amounts payable otherwise than by instalment falling due for payment after more than five years					-		-
	Instalments falling due for payment after more than five years					-		12,499
						-		12,499


	Secured bank loans					124,038		174,038

	A Covid Business Interuption loan repayable over 5 years from July 2022, secured on fixed and floating assets by debenture.


8	Events after the reporting date

	There are no events after the reporting date that have a material effect on the financial statements nor the going concern status of the company.


9	Other financial commitments					2025		2024
£							£

	Total future minimum payments under non-cancellable operating leases					-		-


10	Contingent liabilities

	There are no contingent liabilities existing at the balance sheet date.


11	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Andrew Crockett
	2024	52,194				(52,194)		-
	2025	-		70,597		-		70,597

	Reginald Crockett
	2024	25,764		-		(25,764)		-
	2024	-		3,793		-		3,793

		77,958		74,390		(77,958)		74,390


12	Related party transactions					2025		2024
						£		£
	TWC Holdings Ltd
	R Crockett is Director and shareholder
	Amount owed to Company					526		6,526

	TWC Logistics Ltd
	A Crockett is Director and shareholder
	Amount owed to company					56000		56,000

	Dividends of £148700 were declared during the year

13	Controlling party

	The ultimate controlling party is Andrew Crockett


14	Other information

	TWC Parcel Collection Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	53 Atcham Business Park
	Atcham
	Shrewsbury
	Shropshire
	SY4 4UG