TEDS TRUCKS LIMITED

Company Registration Number:
11066206 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

TEDS TRUCKS LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Additional notes
Balance sheet notes

TEDS TRUCKS LIMITED

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets: 3 174,342 217,853
Investments:   0 0
Total fixed assets: 174,342 217,853
Current assets
Stocks: 4 5,600 35,600
Debtors:   0 0
Cash at bank and in hand: 236,050 67,888
Investments:   0 0
Total current assets: 241,650 103,488
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 5 ( 156,709 ) ( 108,112 )
Net current assets (liabilities): 84,941 (4,624)
Total assets less current liabilities: 259,283 213,229
Creditors: amounts falling due after more than one year: 6 ( 34,800 ) ( 34,800 )
Provision for liabilities: 0 0
Total net assets (liabilities): 224,483 178,429
Capital and reserves
Called up share capital: 10 10
Share premium account: 224,473 178,419
Other reserves: 0 0
Total Shareholders' funds: 224,483 178,429

The notes form part of these financial statements

TEDS TRUCKS LIMITED

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 31 August 2024
and signed on behalf of the board by:

Name: Mr B Bowden
Status: Director

The notes form part of these financial statements

TEDS TRUCKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis: Plant and equipment 20% reducing balance basis Fixtures and fittings 15% reducing balance basis The gain or loss arising on the disposal of an asset it determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit and loss.

    Other accounting policies

    Stocks Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

TEDS TRUCKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 1

TEDS TRUCKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 337,324 337,324
Additions
Disposals
Revaluations
Transfers
At 30 November 2023 337,324 337,324
Depreciation
At 1 December 2022 119,471 119,471
Charge for year 43,511 43,511
On disposals
Other adjustments
At 30 November 2023 162,982 162,982
Net book value
At 30 November 2023 174,342 174,342
At 30 November 2022 217,853 217,853

TEDS TRUCKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Stocks

2023 2022
£ £
Stocks 5,600 35,600
Total 5,600 35,600

TEDS TRUCKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 25,000 40,000
Taxation and social security 22,045 3,626
Other creditors 109,664 64,486
Total 156,709 108,112

TEDS TRUCKS LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 34,800 34,800
Total 34,800 34,800

Other creditors are secured