IRIS Accounts Production v23.4.0.336 SC663851 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC6638512022-06-30SC6638512023-06-30SC6638512022-07-012023-06-30SC6638512021-06-30SC6638512021-07-012022-06-30SC6638512022-06-30SC663851ns15:Scotland2022-07-012023-06-30SC663851ns14:PoundSterling2022-07-012023-06-30SC663851ns10:Director12022-07-012023-06-30SC663851ns10:PrivateLimitedCompanyLtd2022-07-012023-06-30SC663851ns10:SmallEntities2022-07-012023-06-30SC663851ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-30SC663851ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-30SC663851ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-30SC663851ns10:FullAccounts2022-07-012023-06-30SC663851ns10:Director22022-07-012023-06-30SC663851ns10:Director32022-07-012023-06-30SC663851ns10:RegisteredOffice2022-07-012023-06-30SC663851ns5:CurrentFinancialInstruments2023-06-30SC663851ns5:CurrentFinancialInstruments2022-06-30SC663851ns5:ShareCapital2023-06-30SC663851ns5:ShareCapital2022-06-30SC663851ns5:RetainedEarningsAccumulatedLosses2023-06-30SC663851ns5:RetainedEarningsAccumulatedLosses2022-06-30SC663851ns5:FurnitureFittings2022-07-012023-06-30SC663851ns5:ComputerEquipment2022-07-012023-06-30SC663851ns5:FurnitureFittings2022-06-30SC663851ns5:ComputerEquipment2022-06-30SC663851ns5:FurnitureFittings2023-06-30SC663851ns5:ComputerEquipment2023-06-30SC663851ns5:FurnitureFittings2022-06-30SC663851ns5:ComputerEquipment2022-06-30SC663851ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-30SC663851ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30SC663851ns5:DeferredTaxation2022-06-30SC663851ns5:DeferredTaxation2022-07-012023-06-30SC663851ns5:DeferredTaxation2023-06-30
REGISTERED NUMBER: SC663851 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

EUROPEAN TRAILER SERVICES LIMITED

EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


EUROPEAN TRAILER SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTORS: B J Grandison
L Grandison
Mrs Y Grandison





REGISTERED OFFICE: 105 Carlisle Road
Airdrie
ML6 8AG





REGISTERED NUMBER: SC663851 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)

BALANCE SHEET
30 JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,121 4,824

CURRENT ASSETS
Debtors 5 477,333 466,039
Cash at bank 146,415 152,505
623,748 618,544
CREDITORS
Amounts falling due within one year 6 508,996 574,899
NET CURRENT ASSETS 114,752 43,645
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,873

48,469

PROVISIONS FOR LIABILITIES 7 783 917
NET ASSETS 118,090 47,552

CAPITAL AND RESERVES
Called up share capital 4 2
Retained earnings 118,086 47,550
SHAREHOLDERS' FUNDS 118,090 47,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 6 March 2024 and were signed on its behalf by:



B J Grandison - Director


EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

European Trailer Services Limited is a private company, limited by shares , registered in Scotland. 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.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on 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 6 (2022 - 6 ) .

EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2022 2,587 5,438 8,025
Additions 826 1,165 1,991
At 30 June 2023 3,413 6,603 10,016
DEPRECIATION
At 1 July 2022 661 2,540 3,201
Charge for year 731 1,963 2,694
At 30 June 2023 1,392 4,503 5,895
NET BOOK VALUE
At 30 June 2023 2,021 2,100 4,121
At 30 June 2022 1,926 2,898 4,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 428,004 435,555
VAT 49,329 30,484
477,333 466,039

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 2,194 1,582
Trade creditors 436,567 490,466
Amounts owed to debt factor - 68,354
Corporation tax 37,494 3,390
Payroll taxation 1,956 1,966
Arrestments 251 -
Wages control - 2,073
Directors' current accounts 13,059 1,853
Accrued charges 17,475 5,215
508,996 574,899

7. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 783 917

EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2022 917
Provided during year (134 )
Balance at 30 June 2023 783

8. ULTIMATE CONTROLLING PARTY

The controlling party is B J Grandison.