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Registered number: 05951404
WILTON TRANSPORT LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 DECEMBER 2025
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WILTON TRANSPORT LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
Wilton Transport Ltd (WTL) is a specialist provider of diesel fuels and heating oils, servicing both commercial and domestic clients, with primary operations in the North East of England.
WTL delivers a comprehensive range of fuelling solutions, including both direct fuelling and bulk delivery services to the commercial sector. The company supplies DERV (White Diesel) and Gas Oil (Red Diesel), as well as Kerosene (heating oil), which is supplied to the domestic market.
Continued progress has been achieved through the ongoing expansion of kerosene supply to the domestic market, alongside the continued development of alternative fuel offerings, including HVO (Hydrotreated Vegetable Oil) and Marine Gas Oil. Core Derv and Kerosene markets remained subject to price volatility during 2024 and 2025, with average prices easing year on year. This environment supported volume growth but continued to place pressure on margins in a competitive market. The investment in the modernised vehicle fleet has continued to support improved delivery efficiency, operational resilience, and a consistently high level of customer service.
Principal risks and uncertainties
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The key strategic risk facing the business is the volatility in commodity prices and supply chain reliability. This risk is actively managed through robust inventory control measures and maintaining a diversified supplier base to mitigate dependency on any single source. Additionally, the business is exposed to fluctuations in logistical costs—particularly those related to fuel transportation—which can impact overall profitability.
Financial Risk Management Objectives and Policies
WTL is exposed to a range of financial risks, which are managed through comprehensive policies and procedures:
∙Credit Risk: Exposure to potential bad debt is mitigated through rigorous customer due diligence, regular review of credit limits, and continuous monitoring of counterparties’ financial performance. Proactive steps are taken where there is a heightened risk of contractual default.
∙Liquidity Risk: The company maintains a strong focus on liquidity by actively monitoring cash flows, optimizing inventory levels, and implementing stringent credit control practices to ensure adequate funding is available for operational needs.
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WILTON TRANSPORT LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Financial and non financial key performance indicators
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With effect from 1 January 2025, the postal unit was separated from the company and established as an independent operation. The estimated impact of this unit on gross profit in 2024 was approximately £375k.
In 2025, WTL reported an operating loss before interest and tax of £60,449 a slight improvement from the £86,742 loss reported in 2024. This demonstrates a positive trajectory towards operating breakeven.
Total fuel volumes increased year on year, with Derv volumes rising by 6% and Kerosene volumes increasing by 29%. Growth was primarily driven by a continued strategic focus on increasing market share within the domestic sector.
Gross profit for the year remained broadly stable at £2.17m (2024: £2.15m). This outcome was achieved despite higher overall sales volumes, as margin compression in a highly competitive market offset the benefits of volume growth.
Outlook and Strategic Prospects
The strategic priorities outlined in the prior year are now translating into measurable operational and financial progress. The investment in a new fleet and enhanced logistical capabilities has supported increased delivery capacity, improved service levels, and contributed directly to the strong growth in fuel volumes achieved during 2025. This operational leverage provides a solid foundation for further customer acquisition and targeted expansion within core and adjacent markets.
Looking ahead, management remains focused on disciplined growth, margin stabilisation, and continued cost efficiency.
While fuel markets continue to experience some volatility in pricing and competitive conditions, WTL is well positioned to manage these dynamics through its improved operational efficiency, scale benefits, and disciplined commercial approach.
Key Performance Indicators (KPIs)
WTL tracks both financial and non-financial indicators to assess performance and guide strategic decision-making:
Volume Growth and Operating Performance
°Total volumes increased by 12%, continuing the success of strategic growth initiatives
°Operating costs reduced by 2% through continued cost controls and operational efficiency
Risk and Cost Management
°Enhanced fuel supply chain management and route optimisation have reduced logistical inefficiencies
°Proactive fleet maintenance protocols introduced to manage running costs effectively
°Strengthened credit control procedures through tighter management of aged debtors and comprehensive due diligence on new accounts
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WILTON TRANSPORT LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
Director's statement of compliance with duty to promote the success of the Company
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In accordance with Section 172 of the UK Companies Act 2006, the Directors of WTL are committed to acting in a manner that promotes the long-term success of the company for the benefit of its stakeholders. The Board adheres to the following key principles:
∙Risk Management: Operating in a highly regulated industry, WTL adopts a proactive approach to identifying, assessing, and mitigating risks. The company continuously enhances its risk management framework to safeguard operational resilience and financial stability.
∙Our People: WTL is committed to fostering a high-performance work environment by investing in talent, upholding strong ethical standards, and promoting a culture of integrity, collaboration, and professional development.
∙Business Relationships: The company prioritizes sustainable growth by maintaining long-term, mutually beneficial relationships with customers and suppliers. These partnerships are integral to ensuring supply reliability, operational efficiency, and service excellence.
∙Community and Environment: WTL actively contributes to the communities in which it operates and is committed to minimizing its environmental impact. The company leverages its industry expertise to support local initiatives and explore sustainable practices within its operations.
By adhering to these principles, WTL remains focused on sustainable growth, operational excellence, and delivering long-term value to its stakeholders.
This report was approved by the board and signed on its behalf.
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WILTON TRANSPORT LIMITED
REGISTERED NUMBER: 05951404
BALANCE SHEET
AS AT 31 DECEMBER 2025
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
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WILTON TRANSPORT LIMITED
REGISTERED NUMBER: 05951404
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2025
The notes on pages 8 to 16 form part of these financial statements.
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WILTON TRANSPORT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
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Comprehensive income for the Year
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Total comprehensive income for the Year
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Total transactions with owners
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The notes on pages 8 to 16 form part of these financial statements.
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WILTON TRANSPORT LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2024
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Comprehensive income for the year
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Total comprehensive income for the year
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Total transactions with owners
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The notes on pages 8 to 16 form part of these financial statements.
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WILTON TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Wilton Transport Limited is a private company limited by shares and is registered and incorporated in England and Wales. The registered office is Chiltern House, 45 Station Road, Henley-On-Thames, Oxforshire, England, RG9 1AT.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.
The following principal accounting policies have been applied:
Management believe WTL are a going concern based on volume litres sold and budgeted, plus utilisation of the invoice finance facility in place.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Sale of goods
Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
∙the Company has transferred the significant risks and rewards of ownership to the buyer;
∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the transaction; and
∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
Interest income is recognised in profit or loss using the effective interest method.
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WILTON TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the Year in which they are incurred.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
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Current and deferred taxation
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The tax expense for the Year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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WILTON TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
The estimated useful lives range as follows:
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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Fixtures, fittings and equipment
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The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.
At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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WILTON TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Provisions for liabilities
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Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Increases in provisions are generally charged as an expense to profit or loss.
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Staff costs were as follows:
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Cost of defined contribution scheme
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The average monthly number of employees, including the director, during the Year was as follows:
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WILTON TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Charge for the Year on owned assets
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WILTON TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Fixtures, fittings and equipment
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Capitalisation adjustment
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Capitalisation adjustment
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Page 13
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WILTON TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Due after more than one year
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Obligations under finance lease and hire purchase contracts
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Accruals and deferred income
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The bank overdraft is secured by charges over the assets of the company
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WILTON TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Creditors: Amounts falling due after more than one year
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Net obligations under finance leases and hire purchase contracts
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Hire purchase and finance leases
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Minimum lease payments under hire purchase fall due as follows:
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Released to profit or loss
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The provision for deferred taxation is made up as follows:
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Accelerated capital allowances
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Tax losses carried forward
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WILTON TRANSPORT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
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Allotted, called up and fully paid
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100 (2024 - 100) Ordinary shares of £1.00 each
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The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £16,558 (2024 - £20,862). Contributions totalling £Nil (2024 - £Nill) were payable to the fund at the balance sheet date and are included in creditors.
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Related party transactions
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As a wholly owned subsidiary, the company has taken advantage of the exemption in Financial Reporting Standard 102 paragraph 33 not to disclose transactions with other group companies, where 100% of the voting rights are controlled by the group.
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Post balance sheet events
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On 16 May 2026 a group reorganisation was completed. Following this Wilton Transport Limited remains owned by Geos Group Limited, Geos Gorup Limited is now owned by Wilton Transport Holdings Limited and the ultimate controlling party remains Barry J Newton by virtue of his controlling shareholding.
As at 31 December 2025 the ultimate parent undertaking is Geos Group Limited, a company registered in England & Wales, by virtue of its 100% shareholding. Copies of the group financial statement of Geos Group Limited are available from Chiltern House, 45 Station Road, Henley-on-Thames, Oxfordshire, RG9 1AT.
The ultimate controlling party is Barry J Newton, by virtue of his controlling shareholding in the ultimate parent undertaking.
The auditor's report on the financial statements for the Year ended 31 December 2025 was unqualified.
The audit report was signed on 3 September 2026 by Alan Poole BA (Hons) FCA (Senior Statutory Auditor) on behalf of James Cowper Kreston Audit.
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