N. W. Truck And Mixer Repairs Ltd 05595242 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is repair and maintenance of other transport equipment. Digita Accounts Production Advanced 6.30.9574.0 true 05595242 2022-12-01 2023-11-30 05595242 2023-11-30 05595242 bus:OrdinaryShareClass1 2023-11-30 05595242 core:CurrentFinancialInstruments 2023-11-30 05595242 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 05595242 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 05595242 core:PlantMachinery 2023-11-30 05595242 bus:SmallEntities 2022-12-01 2023-11-30 05595242 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 05595242 bus:FilletedAccounts 2022-12-01 2023-11-30 05595242 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 05595242 bus:RegisteredOffice 2022-12-01 2023-11-30 05595242 bus:CompanySecretaryDirector1 2022-12-01 2023-11-30 05595242 bus:Director2 2022-12-01 2023-11-30 05595242 bus:OrdinaryShareClass1 2022-12-01 2023-11-30 05595242 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 05595242 core:PlantMachinery 2022-12-01 2023-11-30 05595242 countries:AllCountries 2022-12-01 2023-11-30 05595242 2022-11-30 05595242 core:PlantMachinery 2022-11-30 05595242 2021-12-01 2022-11-30 05595242 2022-11-30 05595242 bus:OrdinaryShareClass1 2022-11-30 05595242 core:CurrentFinancialInstruments 2022-11-30 05595242 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 05595242 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 05595242 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05595242

N. W. Truck And Mixer Repairs Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

N. W. Truck And Mixer Repairs Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

N. W. Truck And Mixer Repairs Ltd

Company Information

Directors

Mr CG Andrews

Mr GA Jackson

Company secretary

Mr CG Andrews

Registered office

Tan House Lane
Widnes
Cheshire
WA8 0SW

Accountants

Williamson Croft (Liverpool) Ltd
Chartered Certified Accountants
1 Old Hall Street
1st Floor
Liverpool
L3 9HF

 

N. W. Truck And Mixer Repairs Ltd

(Registration number: 05595242)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

25,361

20,171

Current assets

 

Stocks

6,750

3,930

Debtors

5

45,548

71,980

Cash at bank and in hand

 

23,477

8,954

 

75,775

84,864

Creditors: Amounts falling due within one year

6

(77,495)

(76,906)

Net current (liabilities)/assets

 

(1,720)

7,958

Total assets less current liabilities

 

23,641

28,129

Creditors: Amounts falling due after more than one year

6

(21,249)

(26,230)

Net assets

 

2,392

1,899

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

2,390

1,897

Shareholders' funds

 

2,392

1,899

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

N. W. Truck And Mixer Repairs Ltd

(Registration number: 05595242)
Balance Sheet as at 30 November 2023

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 July 2024 and signed on its behalf by:
 

.........................................
Mr CG Andrews
Company secretary and director

 

N. W. Truck And Mixer Repairs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Tan House Lane
Widnes
Cheshire
WA8 0SW

These financial statements were authorised for issue by the Board on 18 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

N. W. Truck And Mixer Repairs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

20% on reducing balance and 12.5% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

N. W. Truck And Mixer Repairs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

 

N. W. Truck And Mixer Repairs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2022

42,872

42,872

Additions

8,139

8,139

At 30 November 2023

51,011

51,011

Depreciation

At 1 December 2022

22,701

22,701

Charge for the year

2,949

2,949

At 30 November 2023

25,650

25,650

Carrying amount

At 30 November 2023

25,361

25,361

At 30 November 2022

20,171

20,171

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

35,716

45,183

Amounts owed by related parties

8

5,071

7,571

Prepayments

 

986

1,726

Other debtors

 

3,775

17,500

   

45,548

71,980

 

N. W. Truck And Mixer Repairs Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

11,367

9,250

Trade creditors

 

34,553

33,746

Taxation and social security

 

11,457

21,872

Other creditors

 

20,118

12,038

 

77,495

76,906

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

21,249

26,230

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares

2

2

2

2

       

8

Related party transactions

Mr CG Andrews and Mr GA Jackson are directors and shareholders of North West Mixers Ltd. During the year this company supplied services to North West Mixers Ltd amounting to £40,360 (2022 - £26,738); all transactions were carried out on normal commercial terms.

Included in debtors in note 5 above is a loan due from North West Mixers Ltd of £5,071 (2022 - £7,571).

Also included in the financial statements is management charge for the year of £14,000 (2022 - recharge of £17,500) between the connected companies.