REGISTERED NUMBER: SC664383 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

DEREK WILSON CARRIERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A A Kill

REGISTERED OFFICE:

Mactalla

Connel

Oban

Argyll

PA37 1PJ

REGISTERED NUMBER:

SC664383 (Scotland)

ACCOUNTANTS:

R A Clement Associates

5 Argyll Square

OBAN

Argyll

PA34 4AZ

FIXED ASSETS

Intangible assets

4

15,000

18,000

Tangible assets

5

94,450

83,094

109,450

101,094

CURRENT ASSETS

Stocks

2,328

-

Debtors

6

105,197

98,065

Cash at bank and in hand

3,630

7,384

111,155

105,449

CREDITORS

Amounts falling due within one year

7

102,942

133,702

NET CURRENT ASSETS/(LIABILITIES)

8,213

(28,253

)

TOTAL ASSETS LESS CURRENT LIABILITIES

117,663

72,841

CREDITORS

Amounts falling due after more than one year

8

(24,279

)

(13,412

)

PROVISIONS FOR LIABILITIES

(23,613

)

(15,788

)

NET ASSETS

69,771

43,641

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

69,671

43,541

SHAREHOLDERS' FUNDS

69,771

43,641

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 January 2026 and were signed by:

A A Kill - Director

1.	STATUTORY INFORMATION

Derek Wilson Carriers Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

30,000

AMORTISATION

At 1 July 2024

12,000

Amortisation for year

3,000

At 30 June 2025

15,000

NET BOOK VALUE

At 30 June 2025

15,000

At 30 June 2024

18,000

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

21,241

154,893

6,126

182,260

Additions

27,850

14,990

-

42,840

At 30 June 2025

49,091

169,883

6,126

225,100

DEPRECIATION

At 1 July 2024

9,073

87,647

2,446

99,166

Charge for year

10,005

20,559

920

31,484

At 30 June 2025

19,078

108,206

3,366

130,650

NET BOOK VALUE

At 30 June 2025

30,013

61,677

2,760

94,450

At 30 June 2024

12,168

67,246

3,680

83,094

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 July 2024

16,995

40,103

57,098

Additions

27,850

14,990

42,840

At 30 June 2025

44,845

55,093

99,938

DEPRECIATION

At 1 July 2024

7,435

12,297

19,732

Charge for year

9,353

10,699

20,052

At 30 June 2025

16,788

22,996

39,784

NET BOOK VALUE

At 30 June 2025

28,057

32,097

60,154

At 30 June 2024

9,560

27,806

37,366

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

105,197

95,598

Other debtors

-

2,467

105,197

98,065

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

1,449

8,198

Hire purchase contracts

23,137

21,752

Trade creditors

3,040

9,827

Taxation and social security

49,610

54,907

Other creditors

25,706

39,018

102,942

133,702

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

24,279

13,412