7 June 2022 false No description of principal activity Taxfiler 2023.14 SC082193business:PrivateLimitedCompanyLtd2022-06-072023-06-06 SC0821932022-06-06 SC0821932022-06-072023-06-06 SC082193business:AuditExemptWithAccountantsReport2022-06-072023-06-06 SC082193business:FilletedAccounts2022-06-072023-06-06 SC0821932023-06-06 SC082193business:Director12022-06-072023-06-06 SC082193business:Director22022-06-072023-06-06 SC082193business:Director32022-06-072023-06-06 SC082193business:Director42022-06-072023-06-06 SC082193business:CompanySecretary12022-06-072023-06-06 SC082193business:RegisteredOffice2022-06-072023-06-06 SC0821932022-06-06 SC082193core:WithinOneYear2023-06-06 SC082193core:WithinOneYear2022-06-06 SC082193core:AfterOneYear2023-06-06 SC082193core:AfterOneYear2022-06-06 SC082193core:ShareCapitalcore:PreviouslyStatedAmount2023-06-06 SC082193core:ShareCapitalcore:PreviouslyStatedAmount2022-06-06 SC082193core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-06 SC082193core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-06 SC082193core:PreviouslyStatedAmount2023-06-06 SC082193core:PreviouslyStatedAmount2022-06-06 SC082193business:SmallEntities2022-06-072023-06-06 SC082193countries:Scotland2022-06-072023-06-06 SC082193core:LandBuildings2022-06-072023-06-06 SC082193core:PlantMachinery2022-06-072023-06-06 SC082193core:MotorVehicles2022-06-072023-06-06 SC082193core:FurnitureFittings2022-06-072023-06-06 SC082193core:LandBuildings2022-06-06 SC082193core:PlantMachinery2022-06-06 SC082193core:MotorVehicles2022-06-06 SC082193core:FurnitureFittings2022-06-06 SC082193core:LandBuildings2023-06-06 SC082193core:PlantMachinery2023-06-06 SC082193core:MotorVehicles2023-06-06 SC082193core:FurnitureFittings2023-06-06 SC0821932021-06-072022-06-06 iso4217:GBP xbrli:pure
Company Registration No. SC082193 (Scotland)
Truckpoint Limited Unaudited Accounts for the year ended 6 June 2023
Truckpoint Limited Unaudited Accounts Contents
Page
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Truckpoint Limited Company Information for the year ended 6 June 2023
Directors
Mr J E Medine Mrs L S C Medine Mr N E Medine Mrs K S Hendrie
Secretary
Mrs K S Hendrie
Company Number
SC082193 (Scotland)
Registered Office
7-9 Irvine Road Crosshouse KILMARNOCK Ayrshire KA2 0HE Scotland
Accountants
Hugh Ferguson & Co. Ltd. 22 West Main Street DARVEL Ayrshire KA17 0AQ
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Truckpoint Limited Statement of financial position as at 6 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
162,918 
174,598 
Current assets
Inventories
120,086 
127,170 
Debtors
104,365 
128,778 
Cash at bank and in hand
115,851 
109,001 
340,302 
364,949 
Creditors: amounts falling due within one year
(369,032)
(411,388)
Net current liabilities
(28,730)
(46,439)
Total assets less current liabilities
134,188 
128,159 
Creditors: amounts falling due after more than one year
(20,000)
(30,000)
Provisions for liabilities
Deferred tax
(7,349)
(9,358)
Net assets
106,839 
88,801 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
105,839 
87,801 
Shareholders' funds
106,839 
88,801 
For the year ending 6 June 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 March 2024 and were signed on its behalf by
Mr J E Medine Director Company Registration No. SC082193
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Truckpoint Limited Notes to the Accounts for the year ended 6 June 2023
1
Statutory information
Truckpoint Limited is a private company, limited by shares, registered in Scotland, registration number SC082193. The registered office is 7-9 Irvine Road, Crosshouse, KILMARNOCK, Ayrshire, KA2 0HE, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is the amount derived from ordinary activities and stated after trade discounts, other taxes and VAT.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
not provided
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Fixtures & fittings
20% 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the lease term.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Truckpoint Limited Notes to the Accounts for the year ended 6 June 2023
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 7 June 2022
125,348 
114,759 
232,270 
51,044 
523,421 
At 6 June 2023
125,348 
114,759 
232,270 
51,044 
523,421 
Depreciation
At 7 June 2022
- 
102,369 
195,720 
50,734 
348,823 
Charge for the year
- 
2,480 
9,140 
60 
11,680 
At 6 June 2023
- 
104,849 
204,860 
50,794 
360,503 
Net book value
At 6 June 2023
125,348 
9,910 
27,410 
250 
162,918 
At 6 June 2022
125,348 
12,390 
36,550 
310 
174,598 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
102,228 
122,712 
Accrued income and prepayments
2,137 
6,066 
104,365 
128,778 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
24,376 
28,636 
Taxes and social security
39,562 
43,101 
Loans from directors
287,124 
320,516 
Accruals
7,970 
9,135 
369,032 
411,388 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,000 
30,000 
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Truckpoint Limited Notes to the Accounts for the year ended 6 June 2023
8
Transactions with related parties
At 7th June 2022 the company owed £320,516 to Mr. J. Medine, Mrs. L. Medine, Mr. N. Medine and Mrs. K. Hendrie by way of a loan. During the period under review the company repaid £33,392 of this loan to Mr. J. Medine, Mrs. L. Medine, Mr. N. Medine and Mrs. K. Hendrie. The balance due by the company to Mr. J. Medine, Mrs. L. Medine, Mr. N. Medine and Mrs. K. Hendrie at 6th June 2023 was £287,124. This loan, which is included in Creditors above, is unsecured, interest free and repayable on demand. Mr. J. Medine, Mrs. L. Medine, Mr. N. Medine and Mrs. K. Hendrie are all directors of the company and they each own 25% of the company's called up share capital.
9
Average number of employees
During the year the average number of employees was 9 (2022: 11).
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