WESTON TRANSPORT LIMITED

WESTON TRANSPORT LIMITED

WESTON TRANSPORT LIMITED - Company Information

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WESTON TRANSPORT LIMITED

Company Registration Number:
SC175456 (Scotland)

Unaudited abridged accounts for the year ended 31 March 2022

Period of accounts

Start date: 01 April 2021

End date: 31 March 2022

WESTON TRANSPORT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Balance sheet
Notes

WESTON TRANSPORT LIMITED

Balance sheet

As at 31 March 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 1,967,069 1,555,281
Total fixed assets: 1,967,069 1,555,281
Current assets
Debtors:   1,506,357 1,630,177
Cash at bank and in hand: 94,024 854,596
Total current assets: 1,600,381 2,484,773
Creditors: amounts falling due within one year: 4 (1,632,487) (1,477,761)
Net current assets (liabilities): (32,106) 1,007,012
Total assets less current liabilities: 1,934,963 2,562,293
Creditors: amounts falling due after more than one year: 5 (1,554,570) (1,146,664)
Provision for liabilities: (209,638) (199,573)
Total net assets (liabilities): 170,755 1,216,056
Capital and reserves
Called up share capital: 30,200 42,500
Other reserves: 40,400 28,100
Profit and loss account: 100,155 1,145,456
Shareholders funds: 170,755 1,216,056

The notes form part of these financial statements

WESTON TRANSPORT LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 17 December 2022
and signed on behalf of the board by:

Name: Peter Millar
Status: Director

The notes form part of these financial statements

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for the rendering of haulage services.

Tangible fixed assets and depreciation policy

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates - Plant and Machinery - 10%, 16.67%, 20% and 25% straight line.

Other accounting policies

Finance lease assets. A lease is classified as a finance lease if it transfers substantially all the risks and rewards associated with ownership.

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

2. Employees

2022 2021
Average number of employees during the period 35 35

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible Assets

Total
Cost £
At 01 April 2021 4,633,852
Additions 815,538
Disposals (326,115)
At 31 March 2022 5,123,275
Depreciation
At 01 April 2021 3,078,571
Charge for year 396,884
On disposals (319,249)
At 31 March 2022 3,156,206
Net book value
At 31 March 2022 1,967,069
At 31 March 2021 1,555,281

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Creditors: amounts falling due within one year note

Creditors falling due within one year include secured creditors amounting to £516,957 (2021 - £229,922)

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Creditors: amounts falling due after more than one year note

Creditors falling due after one year include secured creditors amounting to £1,554,570 (2021 - £1,146,664)