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REGISTERED NUMBER: 10602802 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Uk Truckrepairs Limited

Uk Truckrepairs Limited (Registered number: 10602802)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Uk Truckrepairs Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G Culora





REGISTERED OFFICE: 147a High Street
Waltham Cross
United Kingdom
Hertfordshire
EN8 7AP





REGISTERED NUMBER: 10602802 (England and Wales)





AUDITORS: Thickbroom Coventry
Chartered Accountants
and Statutory Auditors
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP

Uk Truckrepairs Limited (Registered number: 10602802)

Statement of Financial Position
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 736,667 684,612

CURRENT ASSETS
Debtors 5 2,278,096 1,852,563
Cash at bank 268,275 331,637
2,546,371 2,184,200
CREDITORS
Amounts falling due within one year 6 2,012,332 1,717,472
NET CURRENT ASSETS 534,039 466,728
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,270,706

1,151,340

CREDITORS
Amounts falling due after more than
one year

7

(219,697

)

(310,606

)

PROVISIONS FOR LIABILITIES (21,111 ) (15,258 )
NET ASSETS 1,029,898 825,476

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 1,029,896 825,474
SHAREHOLDERS' FUNDS 1,029,898 825,476

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 5 August 2024 and were signed by:





G Culora - Director


Uk Truckrepairs Limited (Registered number: 10602802)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Uk Truckrepairs 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 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 statement of financial position date.


Uk Truckrepairs Limited (Registered number: 10602802)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2022 - 32 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 675,506 174,919 103,237 65,135 1,018,797
Additions 139,986 11,076 28,795 65 179,922
Disposals - (8,000 ) - - (8,000 )
At 31 December 2023 815,492 177,995 132,032 65,200 1,190,719
DEPRECIATION
At 1 January 2023 115,832 101,332 79,839 37,182 334,185
Charge for year 75,052 18,695 19,046 9,444 122,237
Eliminated on disposal - (2,370 ) - - (2,370 )
At 31 December 2023 190,884 117,657 98,885 46,626 454,052
NET BOOK VALUE
At 31 December 2023 624,608 60,338 33,147 18,574 736,667
At 31 December 2022 559,674 73,587 23,398 27,953 684,612

Uk Truckrepairs Limited (Registered number: 10602802)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,186,059 903,084
Amounts owed by group undertakings 940,729 740,729
Other debtors 151,308 208,750
2,278,096 1,852,563

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 90,909 90,909
Trade creditors 400,809 371,797
Amounts owed to group undertakings 1,020,296 841,177
Taxation and social security 271,016 189,357
Other creditors 229,302 224,232
2,012,332 1,717,472

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 219,697 310,606

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 310,606 401,515

The company has granted a debenture in favour of Santander UK PLC dated 28 May 2021, with a fixed and floating charge over the company assets. Charge code 1060 2802 0002

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

Uk Truckrepairs Limited (Registered number: 10602802)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Iain McMurray ACA (Senior Statutory Auditor)
for and on behalf of Thickbroom Coventry

11. ULTIMATE CONTROLLING PARTY

The controlling party is UK Truckcentre Limited, company number 12152853.

Group accounts can be obtained by request at the registered office:
147a High Street
Waltham Cross
Hertfordshire
EN8 7AP