REGISTERED NUMBER: 12739977 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

HWC LOGISTICS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J J Whiteley

J Oxley

V A Grant

S C Mclaren

L Foucher

REGISTERED OFFICE:

Unit 8 Capitol Industrial Estate

Fulmar Way

Wickford

Essex

SS11 8YW

REGISTERED NUMBER:

12739977 (England and Wales)

AUDITORS:

Watson Associates (Audit Services) Ltd

Statutory Auditor

30 - 34 North Street

Hailsham

East Sussex

BN27 1DW

FIXED ASSETS

Tangible assets

4

1,360,892

1,342,852

CURRENT ASSETS

Debtors

5

2,563,505

2,655,897

Cash at bank

262,245

189,305

2,825,750

2,845,202

CREDITORS

Amounts falling due within one year

6

(3,229,310

)

(3,975,554

)

NET CURRENT LIABILITIES

(403,560

)

(1,130,352

)

TOTAL ASSETS LESS CURRENT LIABILITIES

957,332

212,500

CREDITORS

Amounts falling due after more than one year

7

(181,195

)

-

PROVISIONS FOR LIABILITIES

(339,235

)

(335,713

)

NET ASSETS/(LIABILITIES)

436,902

(123,213

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

436,802

(123,313

)

SHAREHOLDERS' FUNDS

436,902

(123,213

)

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 Board of Directors and authorised for issue on 5 August 2026 and were signed on its behalf by:

J J Whiteley - Director

1.	STATUTORY INFORMATION

HWC Logistics Limited is a private company, limited by shares , registered in England and Wales. 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

20% on cost

Plant and machinery etc

-

25% on cost and 20% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties.

Debt instruments that are payable or receivable within one year, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received; other debt instruments are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the balance sheet only when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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

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 48 (2024 - 55 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

50,386

2,543,244

2,593,630

Additions

210,018

239,286

449,304

Disposals

-

(197,000

)

(197,000

)

At 31 December 2025

260,404

2,585,530

2,845,934

DEPRECIATION

At 1 January 2025

46,215

1,204,563

1,250,778

Charge for year

21,672

295,075

316,747

Eliminated on disposal

-

(82,483

)

(82,483

)

At 31 December 2025

67,887

1,417,155

1,485,042

NET BOOK VALUE

At 31 December 2025

192,517

1,168,375

1,360,892

At 31 December 2024

4,171

1,338,681

1,342,852

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

14,975

43,605

Amounts owed by group undertakings

2,028,034

2,276,207

Other debtors

520,496

336,085

2,563,505

2,655,897

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

43,721

-

Trade creditors

63,741

195,031

Amounts owed to group undertakings

2,457,852

3,236,449

Taxation and social security

306,455

232,929

Other creditors

357,541

311,145

3,229,310

3,975,554

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

181,195

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

43,721

-

Between one and five years

181,195

-

224,916

-

Non-cancellable

operating leases

2025

2024

£

£

Within one year

1,302,359

466,565

Between one and five years

1,519,418

-

2,821,777

466,565

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

93

Ordinary

£1

93

93

7

Ordinary A

£1

7

7

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen James Moore (Senior Statutory Auditor)

for and on behalf of Watson Associates (Audit Services) Ltd