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REGISTERED NUMBER: 03649876 (England and Wales)












TRUCKSERV AUTO ELECTRICAL LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






TRUCKSERV AUTO ELECTRICAL LIMITED (REGISTERED NUMBER: 03649876)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRUCKSERV AUTO ELECTRICAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTOR: Mrs K P Stephens



SECRETARY: Mrs K P Stephens



REGISTERED OFFICE: Highland House
Mayflower Close
Chandler's Ford
Eastleigh
Hampshire
SO53 4AR



REGISTERED NUMBER: 03649876 (England and Wales)



BANKERS: TSB Bank plc
6 Market Place
Romsey
Hampshire
SO51 8YS

TRUCKSERV AUTO ELECTRICAL LIMITED (REGISTERED NUMBER: 03649876)

BALANCE SHEET
30 NOVEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,957 8,723
6,957 8,723

CURRENT ASSETS
Stocks 495 450
Debtors 6 7,308 16,819
Cash at bank 77,085 59,912
84,888 77,181
CREDITORS
Amounts falling due within one year 7 (36,267 ) (43,449 )
NET CURRENT ASSETS 48,621 33,732
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,578

42,455

PROVISIONS FOR LIABILITIES (1,739 ) (2,181 )
NET ASSETS 53,839 40,274

CAPITAL AND RESERVES
Called up share capital 820 820
Retained earnings 53,019 39,454
SHAREHOLDERS' FUNDS 53,839 40,274

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

TRUCKSERV AUTO ELECTRICAL LIMITED (REGISTERED NUMBER: 03649876)

BALANCE SHEET - continued
30 NOVEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 August 2024 and were signed by:





Mrs K P Stephens - Director


TRUCKSERV AUTO ELECTRICAL LIMITED (REGISTERED NUMBER: 03649876)

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


1. STATUTORY INFORMATION

Truckserv Auto Electrical Limited 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 FRS 102 "The Financial Reporting Standards applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies' regime.

The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention, modified to include certain financial instruments at fair value. The principal accounting policies adopted are set out below.

Turnover
Turnover represents sales of goods and services, net of VAT and trade discounts. Turnover is recognised when the goods are physically dispatched to the customer or the services are performed.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows.

Goodwill - 5 Years Straight line

Goodwill had been fully amortised prior to the start of the current accounting period.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - Straight line over 10 years
Tools & equipment - 10% Reducing balance
Office equipment - 20% Reducing balance
Motor vehicles - 25% Reducing balance
Computer equipment - Straight line over 3 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.

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


TRUCKSERV AUTO ELECTRICAL LIMITED (REGISTERED NUMBER: 03649876)

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


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Financial assets
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

TRUCKSERV AUTO ELECTRICAL LIMITED (REGISTERED NUMBER: 03649876)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 December 2022
and 30 November 2023 7,000
AMORTISATION
At 1 December 2022
and 30 November 2023 7,000
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

5. TANGIBLE FIXED ASSETS
Short Tools & Office
leasehold equipment equipment
£ £ £
COST
At 1 December 2022
and 30 November 2023 9,643 8,542 958
DEPRECIATION
At 1 December 2022 9,643 5,773 894
Charge for year - 280 13
At 30 November 2023 9,643 6,053 907
NET BOOK VALUE
At 30 November 2023 - 2,489 51
At 30 November 2022 - 2,769 64

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 December 2022
and 30 November 2023 54,929 4,975 79,047
DEPRECIATION
At 1 December 2022 49,039 4,975 70,324
Charge for year 1,473 - 1,766
At 30 November 2023 50,512 4,975 72,090
NET BOOK VALUE
At 30 November 2023 4,417 - 6,957
At 30 November 2022 5,890 - 8,723

TRUCKSERV AUTO ELECTRICAL LIMITED (REGISTERED NUMBER: 03649876)

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


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 6,385 14,850
Other debtors 923 1,969
7,308 16,819

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors - 769
Taxation and social security 7,736 7,794
Other creditors 28,531 34,886
36,267 43,449