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 2023

Period of accounts

Start date: 01 April 2022

End date: 31 March 2023

WESTON TRANSPORT LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Balance sheet
Notes

WESTON TRANSPORT LIMITED

Balance sheet

As at 31 March 2023


Notes
2023
2022


£
£
Fixed assets
Tangible assets: 3 1,574,430 1,967,069
Total fixed assets: 1,574,430 1,967,069
Current assets
Debtors:   1,246,800 1,506,357
Cash at bank and in hand: 239,013 94,024
Total current assets: 1,485,813 1,600,381
Creditors: amounts falling due within one year: 4 (1,469,382) (1,632,487)
Net current assets (liabilities): 16,431 (32,106)
Total assets less current liabilities: 1,590,861 1,934,963
Creditors: amounts falling due after more than one year: 5 (1,214,896) (1,554,570)
Provision for liabilities: (212,496) (209,638)
Total net assets (liabilities): 163,469 170,755
Capital and reserves
Called up share capital: 30,200 42,500
Other reserves: 40,400 28,100
Profit and loss account: 92,869 100,155
Shareholders funds: 163,469 170,755

The notes form part of these financial statements

WESTON TRANSPORT LIMITED

Balance sheet statements

For the year ending 31 March 2023 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 15 December 2023
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 2023

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 2023

2. Employees

2023 2022
Average number of employees during the period 35 35

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible Assets

Total
Cost £
At 01 April 2022 5,123,275
Additions 3,092
Disposals (386,159)
At 31 March 2023 4,740,208
Depreciation
At 01 April 2022 3,156,206
Charge for year 395,731
On disposals (386,159)
At 31 March 2023 3,165,778
Net book value
At 31 March 2023 1,574,430
At 31 March 2022 1,967,069

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Creditors: amounts falling due within one year note

Creditors falling due within one year include secured creditors amounting to £398,591 (2022 £516,957).

WESTON TRANSPORT LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

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

Creditors falling due after one year include secured creditors amounting to £1,214,896 (2022 £1,554,570).