General Information
WESTERN FREIGHT & LOGISTICS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 06665897, registration address 174 West Hendon Broadway, London, NW9 7AA.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery 10% reducing balance method
Short-term lease 10 years period
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
|
| 2. |
Average number of employees
Average number of employees during the year was 9 (2024 : 10).
|
| 3. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Land and Buildings |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
| At 01 September 2024 |
54,972 |
|
16,995 |
|
21,898 |
|
93,865 |
| Additions |
- |
|
- |
|
- |
|
- |
| Disposals |
- |
|
- |
|
(21,898) |
|
(21,898) |
| At 31 August 2025 |
54,972 |
|
16,995 |
|
- |
|
71,967 |
| Depreciation |
| At 01 September 2024 |
38,088 |
|
13,311 |
|
15,787 |
|
67,186 |
| Charge for year |
1,688 |
|
368 |
|
- |
|
2,056 |
| On disposals |
- |
|
- |
|
(15,787) |
|
(15,787) |
| At 31 August 2025 |
39,776 |
|
13,679 |
|
- |
|
53,455 |
| Net book values |
| Closing balance as at 31 August 2025 |
15,196 |
|
3,316 |
|
- |
|
18,512 |
| Opening balance as at 01 September 2024 |
16,284 |
|
3,684 |
|
6,111 |
|
26,079 |
The net book value of Land and Buildings includes £ 0 (2024 £6,111) in respect of assets leased under finance leases or hire purchase contracts.
|
| 4. |
Debtors: amounts falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Debtors |
389,902 |
|
485,304 |
| Other Debtors |
24,703 |
|
65,075 |
|
414,605 |
|
550,379 |
|
| 5. |
Creditors: amount falling due within one year
|
2025
£ |
|
2024
£ |
| Trade Creditors |
103,067 |
|
261,767 |
| PAYE & Social Security |
842 |
|
4,602 |
| Other Creditors |
65,016 |
|
70,966 |
|
168,925 |
|
337,335 |
|
| 6. |
Related parties
During the year the company entered into the following transactions with related parties: | Transaction value - income/(expenses) | | Balance owed by/(owed to) |
|---|
| 2025
£ | | 2024
£ | | 2025
£ | | 2024
£ |
|---|
| TRADING HOUSE UK LTD | (55,474) | | (55,474) | | (55,474) | | (55,474) | | Western Freight Shipping Co Ltd | 1,986 | | 1,986 | | 1,986 | | 1,986 |
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2
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