Clive Warcup Transport Limited Company accounts

COMPANY REGISTRATION NUMBER: 01432882

Clive Warcup Transport Limited

Unaudited Financial Statements

For the year ended

31 August 2025

Clive Warcup Transport Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Officers and professional advisers	1

Directors' report	2

Statement of income and retained earnings	3

Statement of financial position	4

Notes to the financial statements	6

The following pages do not form part of the financial statements

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	11

Clive Warcup Transport Limited

Officers and Professional Advisers

The board of directors	Mr C Warcup
	Mr B S Warcup
	Mrs D Warcup

Company secretary	Mr C Warcup

Registered office	Westfield Works
	Station Road
	Garton on the Wolds
	Driffield
	YO25 3EX

Accountants	Townends Accountants LLP
	Chartered Accountants
	Fulford Lodge
	1 Heslington Lane
	Fulford
	York
	YO10 4HW

Bankers	Handelsbanken
	3 Thomas More Square
	London
	E1W1WY

Clive Warcup Transport Limited

Directors' Report

Year ended 31 August 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 August 2025 .

Directors

The directors who served the company during the year were as follows:

Mr C Warcup
Mr B S Warcup
Mrs D Warcup

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 21 April 2026 and signed on behalf of the board by:

Mr C Warcup

Company Secretary

Registered office:

Westfield Works

Station Road

Garton on the Wolds

Driffield

YO25 3EX

Clive Warcup Transport Limited

Statement of Income and Retained Earnings

Year ended 31 August 2025

	2025	2024
Note	£	£
Turnover	4,129,107	4,040,106

Cost of sales	3,629,832	3,551,218
	-------------	-------------
Gross profit	499,275	488,888

Distribution costs	9,695	9,228
Administrative expenses	402,789	340,700
	----------	----------
Operating profit	86,791	138,960

Interest payable and similar expenses		8,902	9,106
		----------	----------
Profit before taxation	5	77,889	129,854

Tax on profit	12,375	46,100
	--------	----------
Profit for the financial year and total comprehensive income	65,514	83,754
	--------	----------

Dividends paid and payable	( 42,000)	( 39,500)

Retained earnings at the start of the year	514,452	470,198
	----------	----------
Retained earnings at the end of the year	537,966	514,452
	----------	----------

All the activities of the company are from continuing operations.

Clive Warcup Transport Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		2,091,946	1,693,574

Current assets

Stocks		52,717	63,283
Debtors: due within one year	7	760,650	631,626
Cash at bank and in hand		1,069	30,505
		----------	----------
		814,436	725,414

Creditors: amounts falling due within one year	8	1,360,433		1,157,660
		-------------		-------------
Net current liabilities			545,997	432,246
			-------------	-------------
Total assets less current liabilities			1,545,949	1,261,328

Creditors: amounts falling due after more than one year	9		711,308	462,576

Provisions

Taxation including deferred tax	291,675	279,300
	-------------	-------------
Net assets	542,966	519,452
	-------------	-------------

Capital and reserves

Called up share capital	5,000	5,000
Profit and loss account	537,966	514,452
	----------	----------
Shareholders funds	542,966	519,452
	----------	----------

These financial statements have been prepared 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'.

For the year ending 31 August 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 .

Clive Warcup Transport Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 21 April 2026 , and are signed on behalf of the board by:

Mr C Warcup	Mr B S Warcup
Director	Director

Company registration number: 01432882

Clive Warcup Transport Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares incorporated in England and Wales. The registered office is Westfield Works, Station Road, Garton on the Wolds, Driffield, YO25 3EX.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(i) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(ii) Going concern

At the time of approving the financial statements, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

(iii) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

(iv) Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

(v) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

(vi) 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:

Long leasehold property	-	2% straight line
Trailers	-	6% straight line
Motor vehicles	-	12% straight line
Equipment	-	15% straight line

(vii) Stocks

Stocks are measured 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 the stock to its present location and condition.

(viii) Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

(ix) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(x) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 40 (2024: 37 ).

5. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Amortisation of intangible assets	1,056	1,056
Depreciation of tangible assets	264,274	281,702
	----------	----------

6. Tangible assets

	Long leasehold property	Trailers	Motor vehicles	Fixtures and Equipment	Total
	£	£	£	£	£
Cost
At 1 September 2024	52,729	1,573,275	2,168,574	105,444	3,900,022
Additions	–	86,525	567,077	10,100	663,702
Disposals	–	–	( 390,629)	( 18,952)	( 409,581)
Other movements	–	( 5,566)	5,566	–	–
	--------	-------------	-------------	----------	-------------
At 31 August 2025	52,729	1,654,234	2,350,588	96,592	4,154,143
	--------	-------------	-------------	----------	-------------
Depreciation
At 1 September 2024	27,673	912,625	1,199,264	66,886	2,206,448
Charge for the year	1,056	68,735	185,542	9,997	265,330
Disposals	–	–	( 390,629)	( 18,952)	( 409,581)
	--------	-------------	-------------	----------	-------------
At 31 August 2025	28,729	981,360	994,177	57,931	2,062,197
	--------	-------------	-------------	----------	-------------
Carrying amount
At 31 August 2025	24,000	672,874	1,356,411	38,661	2,091,946
	--------	-------------	-------------	----------	-------------
At 31 August 2024	25,056	660,650	969,310	38,558	1,693,574
	--------	-------------	-------------	----------	-------------

7. Debtors

Debtors falling due within one year are as follows:

	2025	2024
	£	£
Trade debtors	717,259	584,483
Other debtors	43,391	47,143
	----------	----------
	760,650	631,626
	----------	----------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	145,779	10,277
Trade creditors	229,462	218,947
Amounts owed to group undertakings and undertakings in which the company has a participating interest	439,591	505,611
Social security and other taxes	173,437	167,460
Other creditors	372,164	255,365
	-------------	-------------
	1,360,433	1,157,660
	-------------	-------------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	9,644
Other creditors	711,308	452,932
	----------	----------
	711,308	462,576
	----------	----------

Clive Warcup Transport Limited

Management Information

Year ended 31 August 2025

The following pages do not form part of the financial statements.

Clive Warcup Transport Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Clive Warcup Transport Limited

Year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Clive Warcup Transport Limited for the year ended 31 August 2025, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Clive Warcup Transport Limited, as a body, in accordance with the terms of our engagement letter dated 3 June 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Clive Warcup Transport Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Clive Warcup Transport Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Clive Warcup Transport Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Clive Warcup Transport Limited. You consider that Clive Warcup Transport Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Clive Warcup Transport Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Townends Accountants LLP Chartered Accountants

Fulford Lodge 1 Heslington Lane Fulford York YO10 4HW

21 April 2026