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REGISTERED NUMBER: 11662301 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

TRUCKLOADER SERVICES LTD

TRUCKLOADER SERVICES LTD (REGISTERED NUMBER: 11662301)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRUCKLOADER SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: L Barnard
C Barnard





REGISTERED OFFICE: 66 Bilton Way
Luton
Bedfordshire
LU1 1UU





REGISTERED NUMBER: 11662301 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

TRUCKLOADER SERVICES LTD (REGISTERED NUMBER: 11662301)

BALANCE SHEET
31 OCTOBER 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 30,925 41,234

CURRENT ASSETS
Stocks 10,000 5,000
Debtors 5 237,503 127,427
Cash at bank and in hand 510,552 401,576
758,055 534,003
CREDITORS
Amounts falling due within one year 6 319,806 198,118
NET CURRENT ASSETS 438,249 335,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

469,174

377,119

CREDITORS
Amounts falling due after more than one
year

7

(13,166

)

(18,594

)

PROVISIONS FOR LIABILITIES (7,731 ) (10,308 )
NET ASSETS 448,277 348,217

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 448,177 348,117
SHAREHOLDERS' FUNDS 448,277 348,217

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

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

TRUCKLOADER SERVICES LTD (REGISTERED NUMBER: 11662301)

BALANCE SHEET - continued
31 OCTOBER 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 1 May 2024 and were signed on its behalf by:





C Barnard - Director


TRUCKLOADER SERVICES LTD (REGISTERED NUMBER: 11662301)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

Truckloader Services 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
The company's turnover represents the value, excluding value added tax, of services supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for services provided in the normal course of business, net of discounts and VAT.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% 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.

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 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.

TRUCKLOADER SERVICES LTD (REGISTERED NUMBER: 11662301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

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.

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.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE
Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 November 2022
and 31 October 2023 24,000 4,286 42,448 70,734
DEPRECIATION
At 1 November 2022 15,774 2,365 11,361 29,500
Charge for year 2,057 480 7,772 10,309
At 31 October 2023 17,831 2,845 19,133 39,809
NET BOOK VALUE
At 31 October 2023 6,169 1,441 23,315 30,925
At 31 October 2022 8,226 1,921 31,087 41,234

TRUCKLOADER SERVICES LTD (REGISTERED NUMBER: 11662301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£
COST
At 1 November 2022
and 31 October 2023 25,555
DEPRECIATION
At 1 November 2022 532
Charge for year 6,256
At 31 October 2023 6,788
NET BOOK VALUE
At 31 October 2023 18,767
At 31 October 2022 25,023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 231,362 115,725
Other debtors 6,141 11,702
237,503 127,427

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Hire purchase contracts (see note 8) 6,130 6,375
Trade creditors 125,424 64,205
Taxation and social security 139,182 81,874
Other creditors 49,070 45,664
319,806 198,118

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Hire purchase contracts (see note 8) 13,166 18,594

TRUCKLOADER SERVICES LTD (REGISTERED NUMBER: 11662301)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£ £
Net obligations repayable:
Within one year 6,130 6,375
Between one and five years 13,166 18,594
19,296 24,969

The company had operating lease commitments of £5,973 (2022 - £11,947) outstanding as at 31 October 2023. This all relates to a car lease expiring in June 2025.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Hire purchase contracts 19,296 24,969

Hire purchase assets are secured against the asset that they relate to.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
100 Ordinary £1 100 100

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. Contributions in the year ended 31 October 2023 were £10,750 (2022 - £7,841). No amounts were outstanding or prepaid at the Balance Sheet date.

12. OTHER FINANCIAL COMMITMENTS

The company had operating lease commitments of £116,353 (2022 - £11,947). This was all in respect of leases which expire in March 2025 and June 2025.