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Registered number: 04178177
EP Trucking Services Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Bailey & Associates
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 04178177
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 158,758 250,515
158,758 250,515
CURRENT ASSETS
Debtors 5 87,931 73,984
Cash at bank and in hand 154,529 84,867
242,460 158,851
Creditors: Amounts Falling Due Within One Year 6 (101,785 ) (113,562 )
NET CURRENT ASSETS (LIABILITIES) 140,675 45,289
TOTAL ASSETS LESS CURRENT LIABILITIES 299,433 295,804
NET ASSETS 299,433 295,804
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 299,333 295,704
SHAREHOLDERS' FUNDS 299,433 295,804
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr E Braine
Director
11/07/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
EP Trucking Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04178177 . The registered office is Lower Barn, Rusper Road, Ifield, West Sussex, RH11 0LL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% on reducing balance
Fixtures & Fittings 15% on reducing balance
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 623,970 2,190 626,160
Additions 37,000 - 37,000
Disposals (169,750 ) - (169,750 )
As at 31 March 2024 491,220 2,190 493,410
Depreciation
As at 1 April 2023 373,527 2,118 375,645
Provided during the period 28,006 11 28,017
Disposals (69,010 ) - (69,010 )
As at 31 March 2024 332,523 2,129 334,652
Net Book Value
As at 31 March 2024 158,697 61 158,758
As at 1 April 2023 250,443 72 250,515
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 87,931 52,104
Other debtors - 21,880
87,931 73,984
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 5,342 6,266
Bank loans and overdrafts 21,667 30,827
Other taxes and social security 25,910 13,569
Other creditors (1) 15,480 11,640
Accruals and deferred income 3,250 3,250
Director's loan account 30,136 48,010
101,785 113,562
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4