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REGISTERED NUMBER: 07331163 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

A C F (TRUCK PARTS) LTD

A C F (TRUCK PARTS) LTD (Registered number: 07331163)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

A C F (TRUCK PARTS) LTD

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R Bradford
K J Bradford





REGISTERED OFFICE: 23 Mountside
Stanmore
Middlesex
HA7 2DS





REGISTERED NUMBER: 07331163 (England and Wales)





ACCOUNTANTS: KIAN & CO.
Chartered Accountants
23 Mountside
Stanmore
Middlesex
HA7 2DS

A C F (TRUCK PARTS) LTD (Registered number: 07331163)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 349

CURRENT ASSETS
Stocks 101,587 118,515
Debtors 5 220,427 212,236
Cash at bank 125,000 80,034
447,014 410,785
CREDITORS
Amounts falling due within one year 6 159,979 153,904
NET CURRENT ASSETS 287,035 256,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

287,035

257,230

CREDITORS
Amounts falling due after more than one
year

7

(12,021

)

(22,959

)

PROVISIONS FOR LIABILITIES - (87 )
NET ASSETS 275,014 234,184

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 274,914 234,084
SHAREHOLDERS' FUNDS 275,014 234,184

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

A C F (TRUCK PARTS) LTD (Registered number: 07331163)

Balance Sheet - continued
31 December 2023


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 16 February 2024 and were signed on its behalf by:





R Bradford - Director


A C F (TRUCK PARTS) LTD (Registered number: 07331163)

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

1. STATUTORY INFORMATION

A C F (TRUCK PARTS) 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.

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 - 33% on reducing balance

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

Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

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.

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 8 (2022 - 7 ) .

A C F (TRUCK PARTS) LTD (Registered number: 07331163)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 8,410
DEPRECIATION
At 1 January 2023 8,061
Charge for year 349
At 31 December 2023 8,410
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 349

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 218,677 207,236
Other debtors 1,750 5,000
220,427 212,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 11,274 11,274
Trade creditors 112,042 96,960
Taxation and social security 26,516 38,443
Other creditors 10,147 7,227
159,979 153,904

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 12,021 22,959

A C F (TRUCK PARTS) LTD

Report of the Accountants to the Directors of
A C F (TRUCK PARTS) LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
A C F (TRUCK PARTS) LTD ('The Company') for the year ended 31 December 2023 as set out on pages 3 to 7, which comprise of Profit and Loss Account, Balance Sheet, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of The Company, as a body, in accordance with the terms of our engagement letter dated 2 May 2019. Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Company and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that The Company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Company. You consider that The Company is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of The Company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






KIAN & CO.
Chartered Accountants
23 Mountside
Stanmore
Middlesex
HA7 2DS


16 February 2024