IRIS Accounts Production v23.3.0.418 13213391 Board of Directors 1.3.22 28.2.23 28.2.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure132133912022-02-28132133912023-02-28132133912022-03-012023-02-28132133912021-02-18132133912021-02-192022-02-28132133912022-02-2813213391ns16:EnglandWales2022-03-012023-02-2813213391ns15:PoundSterling2022-03-012023-02-2813213391ns11:Director12022-03-012023-02-2813213391ns11:PrivateLimitedCompanyLtd2022-03-012023-02-2813213391ns11:SmallEntities2022-03-012023-02-2813213391ns11:AuditExempt-NoAccountantsReport2022-03-012023-02-2813213391ns11:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2813213391ns11:SmallCompaniesRegimeForAccounts2022-03-012023-02-2813213391ns11:FullAccounts2022-03-012023-02-281321339112022-03-012023-02-2813213391ns11:Director22022-03-012023-02-2813213391ns11:CompanySecretary12022-03-012023-02-2813213391ns11:RegisteredOffice2022-03-012023-02-2813213391ns6:CurrentFinancialInstruments2023-02-2813213391ns6:CurrentFinancialInstruments2022-02-2813213391ns6:Non-currentFinancialInstruments2023-02-2813213391ns6:Non-currentFinancialInstruments2022-02-2813213391ns6:ShareCapital2023-02-2813213391ns6:ShareCapital2022-02-2813213391ns6:RetainedEarningsAccumulatedLosses2023-02-2813213391ns6:RetainedEarningsAccumulatedLosses2022-02-2813213391ns6:NetGoodwill2022-03-012023-02-2813213391ns6:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2813213391ns6:PlantMachinery2022-03-012023-02-2813213391ns6:NetGoodwill2022-02-2813213391ns6:NetGoodwill2023-02-2813213391ns6:NetGoodwill2022-02-2813213391ns6:LandBuildings2022-02-2813213391ns6:PlantMachinery2022-02-2813213391ns6:LandBuildings2022-03-012023-02-2813213391ns6:LandBuildings2023-02-2813213391ns6:PlantMachinery2023-02-2813213391ns6:LandBuildings2022-02-2813213391ns6:PlantMachinery2022-02-2813213391ns6:WithinOneYearns6:CurrentFinancialInstruments2023-02-2813213391ns6:WithinOneYearns6:CurrentFinancialInstruments2022-02-28
REGISTERED NUMBER: 13213391 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Truckpaint NW Ltd

Truckpaint NW Ltd (Registered number: 13213391)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Truckpaint NW Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: C S Crompton
G Smith





SECRETARY:





REGISTERED OFFICE: Unit 2b Huyton Road
Adlington
Chorley
United Kingdom
PR7 4HD





REGISTERED NUMBER: 13213391 (England and Wales)





ACCOUNTANTS: Triton Accountancy Services Ltd
Suite 7 Lesscent House
405 Wigan Rd
Ashton in Makerfield
Wigan
WN4 0AR

Truckpaint NW Ltd (Registered number: 13213391)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 50,400 53,200
Tangible assets 5 71,729 80,052
122,129 133,252

CURRENT ASSETS
Stocks 15,000 15,699
Debtors 6 248,659 160,884
Cash at bank and in hand (551 ) 5,691
263,108 182,274
CREDITORS
Amounts falling due within one year 7 406,105 288,101
NET CURRENT LIABILITIES (142,997 ) (105,827 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,868

)

27,425

CREDITORS
Amounts falling due after more than
one year

8

(14,404

)

(24,903

)

PROVISIONS FOR LIABILITIES (3,313 ) -
NET (LIABILITIES)/ASSETS (38,585 ) 2,522

Truckpaint NW Ltd (Registered number: 13213391)

Balance Sheet - continued
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (38,685 ) 2,422
(38,585 ) 2,522

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 14 November 2023 and were signed on its behalf by:





G Smith - Director


Truckpaint NW Ltd (Registered number: 13213391)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Truckpaint NW Ltd 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance, 20% on cost and 10% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Truckpaint NW Ltd (Registered number: 13213391)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

2. ACCOUNTING POLICIES - continued
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 12 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 56,000
AMORTISATION
At 1 March 2022 2,800
Charge for year 2,800
At 28 February 2023 5,600
NET BOOK VALUE
At 28 February 2023 50,400
At 28 February 2022 53,200

Truckpaint NW Ltd (Registered number: 13213391)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022 3,146 86,973 90,119
Additions - 2,529 2,529
At 28 February 2023 3,146 89,502 92,648
DEPRECIATION
At 1 March 2022 - 10,067 10,067
Charge for year - 10,852 10,852
At 28 February 2023 - 20,919 20,919
NET BOOK VALUE
At 28 February 2023 3,146 68,583 71,729
At 28 February 2022 3,146 76,906 80,052

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 206,573 118,798
Other debtors 42,086 42,086
248,659 160,884

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 43,774 42,833
Trade creditors 103,011 91,631
Taxation and social security 94,714 60,588
Other creditors 164,606 93,049
406,105 288,101

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 14,404 24,903

Truckpaint NW Ltd (Registered number: 13213391)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Factoring 146,304 91,049