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REGISTERED NUMBER: 08537780 (England and Wales)















Stretch's Truck & Trailer Maintenance
Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2023






Stretch's Truck & Trailer Maintenance
Ltd (Registered number: 08537780)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stretch's Truck & Trailer Maintenance
Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTOR: P A Slocombe





REGISTERED OFFICE: Unit 2
Transport Yard
Aberllechau Road
Wattstown
Rhondda Cynon Taff
CF39 0PB





REGISTERED NUMBER: 08537780 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Stretch's Truck & Trailer Maintenance
Ltd (Registered number: 08537780)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 43,801 44,470

CURRENT ASSETS
Stocks 2,150 2,000
Debtors 5 28,859 30,786
Cash at bank 20,729 10,680
51,738 43,466
CREDITORS
Amounts falling due within one year 6 42,537 31,689
NET CURRENT ASSETS 9,201 11,777
TOTAL ASSETS LESS CURRENT
LIABILITIES

53,002

56,247

CREDITORS
Amounts falling due after more than one year 7 (48,062 ) (46,346 )

PROVISIONS FOR LIABILITIES (3,482 ) (1,535 )
NET ASSETS 1,458 8,366

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,456 8,364
SHAREHOLDERS' FUNDS 1,458 8,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 21 February 2024 and were signed by:





P A Slocombe - Director


Stretch's Truck & Trailer Maintenance
Ltd (Registered number: 08537780)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Stretch's Truck & Trailer Maintenance 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for the work performed to date to the total estimated contract costs.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Stretch's Truck & Trailer Maintenance
Ltd (Registered number: 08537780)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 77,062 3,660 76,184 16,971 173,877
Additions 2,892 - 15,737 - 18,629
At 31 May 2023 79,954 3,660 91,921 16,971 192,506
DEPRECIATION
At 1 June 2022 76,720 3,660 42,205 6,822 129,407
Charge for year 827 - 6,903 2,779 10,509
Eliminated on disposal - - 8,789 - 8,789
At 31 May 2023 77,547 3,660 57,897 9,601 148,705
NET BOOK VALUE
At 31 May 2023 2,407 - 34,024 7,370 43,801
At 31 May 2022 342 - 33,979 10,149 44,470

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 June 2022 24,252
Additions 15,737
At 31 May 2023 39,989
DEPRECIATION
At 1 June 2022 11,463
Charge for year 2,001
Eliminated on disposal (5,464 )
At 31 May 2023 8,000
NET BOOK VALUE
At 31 May 2023 31,989
At 31 May 2022 12,789

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 28,416 30,423
Other debtors 443 363
28,859 30,786

Stretch's Truck & Trailer Maintenance
Ltd (Registered number: 08537780)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 4,791 5,240
Hire purchase contracts 3,237 3,180
Trade creditors 25,683 14,541
Taxation and social security 5,183 6,424
Other creditors 3,643 2,304
42,537 31,689

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans 35,115 39,456
Hire purchase contracts 12,947 6,890
48,062 46,346

8. SECURED DEBTS

The following secured debts are included within creditors:

31.5.23 31.5.22
£    £   
Hire purchase contracts 16,184 10,070

9. ULTIMATE CONTROLLING PARTY

The controlling party is P A Slocombe.