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COMPANY REGISTRATION NUMBER: 04471848

Tony Powell Transport Limited

Filleted Unaudited Financial Statements

30 June 2025

Tony Powell Transport Limited

Financial Statements

Year ended 30 June 2025

CONTENTS | PAGE

Officers and professional advisers | 1

Statement of financial position | 2

Notes to the financial statements | 4

Tony Powell Transport Limited

Officers and Professional Advisers

The board of directors | Mr T Powell
| Mr M Powell
| Mrs A C Powell

Company secretary | Mrs A C Powell

Registered office | 7 Llandeilo Road Industrial Estate
| Llandybie
| Ammanford
| Wales
| SA18 3JG

Accountants | James & Uzzell Ltd
| Chartered Certified Accountants
| Axis 15, Axis Court
| Mallard Way
| Riverside Business Park
| Swansea
| SA7 0AJ

Tony Powell Transport Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £

FIXED ASSETS

Intangible assets | 5 | 18,000 | 21,000
Tangible assets | 6 | 573,711 | 521,534
| --------- | ---------
| 591,711 | 542,534

CURRENT ASSETS

Stocks | 7 | 10,500 | –
Debtors | 8 | 291,535 | 287,024
Cash at bank and in hand | 186,848 | 229,640
| --------- | ---------
| 488,883 | 516,664

CREDITORS: amounts falling due within one year | 9 | 539,399 | 545,860
| --------- | ---------
NET CURRENT LIABILITIES | 50,516 | 29,196
| --------- | ---------
TOTAL ASSETS LESS CURRENT LIABILITIES | 541,195 | 513,338

PROVISIONS | 139,535 | 117,131
| --------- | ---------
NET ASSETS | 401,660 | 396,207
| --------- | ---------

CAPITAL AND RESERVES

Called up share capital | 10 | 1,000 | 1,000
Profit and loss account | 400,660 | 395,207
| --------- | ---------
SHAREHOLDERS FUNDS | 401,660 | 396,207
| --------- | ---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Tony Powell Transport Limited

Statement of Financial Position (continued)

30 June 2025
These financial statements were approved by the board of directors and authorised for issue on 17 March 2026 , and are signed on behalf of the board by:
Tony Powell
Tony Powell
Director
Company registration number: 04471848

Tony Powell Transport Limited

Notes to the Financial Statements

Year ended 30 June 2025
1. GENERAL INFORMATION
Tony Powell Transport Limited is a private company limited by shares incorporated in England & Wales, United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements. The nature of the company's operations and principle activities was haulage.
2. STATEMENT OF COMPLIANCE
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 'The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102)', Section 1A for Small Entities and the Companies Act 2006.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1. The reporting period of these financial statements and its comparative period is 12 months. These financial statements only include the results of the individual entity made up to 30 June 2025. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
Going concern
The director has considered the future trading position of the company and is confident that the going concern principle can be applied to the financial statements.
Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
Critical accounting estimates and assumptions
The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below (i) Useful economic lives of tangible assets The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See notes for the carrying amount of the property plant and equipment, and the depreciation accounting policy for the useful economic lives for each class of assets. (ii) Impairment of debtors The company makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience. See notes for the net carrying amount of the debtors and associated impairment provision. (iii) Stock provisioning The company provides haulage services and is subject to consumer demands. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around anticipated saleability (iv) Goodwill and intangible fixed assets Accounting standards require the recognition of intangible assets as part of a business combination. The methods used to value such intangible assets require the use of estimates. Future results are impacted by the amortisation periods adopted and changes to the estimated useful lives would result in different effects on the profit and loss account and balance sheet. Goodwill is amortised and tested at least annually for impairment along with finite lives of intangible assets and other assets. Tests for impairment are based on subjective assumptions. (v) Provisions Estimates are used in determining the value of provisions when recognised. This will be based on historical information, known expectations and reasonable outcomes (vi) Going Concern The assessment of going concern may include the use of critical judgements in respect of impact of various external factors such as political, economic and social issues. Material uncertainties are considered in this regard
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows: Rendering of services When the outcome of a transaction can be estimated reliably, turnover from the provision of haulage services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to receipt of the service. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable. Interest receivable Interest income is recognised using the effective interest method.
Employee benefits
When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.
The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.
Goodwill
Goodwill arising on business combinations is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful life. The period chosen for writing off goodwill is ten years. Provision is made for any impairment.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 10 Years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 15% straight line
| Motor vehicles | - | 20% straight line
| Equipment | - | 20% straight line

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset’s cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
Leases
Assets acquired under finance leases are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. Minimum lease payments are apportioned between the finance charge and the reduction of the outstanding lease liability using the effective interest method. The related obligations, net of future finance charges, are included in creditors. Where goods are sold using finance leases, the entity recognises turnover from the sale of goods and the rights to receive future lease payments as a debtor. Minimum lease payments are apportioned between finance income and the reduction of the lease debtor with finance income allocated so as to produce a constant periodic rate of interest on the net investment in the finance lease. Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 14 (2024: 14 ).
5. INTANGIBLE ASSETS

| Goodwill
| £
Cost |
At 1 July 2024 and 30 June 2025 | 60,000
| --------
Amortisation |
At 1 July 2024 | 39,000
Charge for the year | 3,000
| --------
At 30 June 2025 | 42,000
| --------
Carrying amount |
At 30 June 2025 | 18,000
| --------
At 30 June 2024 | 21,000
| --------

6. TANGIBLE ASSETS

| Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 July 2024 | 330,054 | 1,584,216 | 3,014 | 1,917,284
Additions | 38,526 | 149,832 | 635 | 188,993
Disposals | ( 55,201) | ( 624,633) | – | ( 679,834)
| --------- | ------------ | ------ | ------------
At 30 June 2025 | 313,379 | 1,109,415 | 3,649 | 1,426,443
| --------- | ------------ | ------ | ------------
Depreciation |  |  |  |
At 1 July 2024 | 280,768 | 1,112,246 | 2,736 | 1,395,750
Charge for the year | 16,698 | 83,123 | 266 | 100,087
Disposals | ( 50,472) | ( 592,633) | – | ( 643,105)
| --------- | ------------ | ------ | ------------
At 30 June 2025 | 246,994 | 602,736 | 3,002 | 852,732
| --------- | ------------ | ------ | ------------
Carrying amount |  |  |  |
At 30 June 2025 | 66,385 | 506,679 | 647 | 573,711
| --------- | ------------ | ------ | ------------
At 30 June 2024 | 49,286 | 471,970 | 278 | 521,534
| --------- | ------------ | ------ | ------------

7. STOCKS

| 2025 | 2024
| £ | £
Raw materials and consumables | 10,500 | –
| -------- | ----

8. DEBTORS

| 2025 | 2024
| £ | £
Trade debtors | 291,311 | 286,598
Other debtors | 224 | 426
| --------- | ---------
| 291,535 | 287,024
| --------- | ---------

9. CREDITORS: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 234,445 | 412,630
Corporation tax | 11,546 | –
Social security and other taxes | 59,112 | 24,577
Other creditors | 234,296 | 108,653
| --------- | ---------
| 539,399 | 545,860
| --------- | ---------

The hire purchase contracts are secured against the related fixed asset. The aggregate amount of secured liabilities is £0 (2024:£27,957).
10. CALLED UP SHARE CAPITAL
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 1 | 1 | 1 | 1
'A' Ordinary shares of £ 1 each | 649 | 649 | 649 | 649
'B' Ordinary shares of £ 1 each | 200 | 200 | 200 | 200
'C' Ordinary shares of £ 1 each | 50 | 50 | 50 | 50
'D' Ordinary shares of £ 1 each | 50 | 50 | 50 | 50
'E' Ordinary shares of £1 each | 50 | 50 | 50 | 50
| ------ | ------ | ------ | ------
| 1,000 | 1,000 | 1,000 | 1,000
| ------ | ------ | ------ | ------

11. OTHER FINANCIAL COMMITMENTS
Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £2,274 (2024: £6,822).
12. RELATED PARTY TRANSACTIONS
During the year the company had balances with related parties as follows: Key Management Personnel of the entity

|  | 2025 | 2024
|  | £ | £
| Balance owed to Key Management | 104,872 | 37,591

No interest was charges during the year