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REGISTERED NUMBER: 08914538 (England and Wales)















Financial Statements for the Year Ended 31st March 2024

for

1StopTrailers Ltd

1StopTrailers Ltd (Registered number: 08914538)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


1StopTrailers Ltd

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Mr R C Prescott





SECRETARY: Mrs J A Prescott





REGISTERED OFFICE: 25 Grove Avenue
Little Waldingfield
Sudbury
Suffolk
CO10 0SX





REGISTERED NUMBER: 08914538 (England and Wales)

1StopTrailers Ltd (Registered number: 08914538)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,107 732

CURRENT ASSETS
Stocks and work in progress 59,846 55,578
Debtors 5 14,587 15,952
Cash at bank and in hand 22,286 17,118
96,719 88,648
CREDITORS
Amounts falling due within one year 6 21,238 21,340
NET CURRENT ASSETS 75,481 67,308
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,588

68,040

PROVISIONS FOR LIABILITIES 2,680 139
NET ASSETS 86,908 67,901

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 86,708 67,701
SHAREHOLDERS' FUNDS 86,908 67,901

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

1StopTrailers Ltd (Registered number: 08914538)

Balance Sheet - continued
31st March 2024


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 24th October 2024 and were signed by:





Mr R C Prescott - Director


1StopTrailers Ltd (Registered number: 08914538)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

1StopTrailers Ltd 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.

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.
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

1StopTrailers Ltd (Registered number: 08914538)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. TANGIBLE FIXED ASSETS
Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1st April 2023 8,467 637 9,104
Additions 14,200 - 14,200
At 31st March 2024 22,667 637 23,304
DEPRECIATION
At 1st April 2023 8,103 269 8,372
Charge for year 733 92 825
At 31st March 2024 8,836 361 9,197
NET BOOK VALUE
At 31st March 2024 13,831 276 14,107
At 31st March 2023 364 368 732

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,919 14,605
Prepayments and accrued income 1,668 1,347
14,587 15,952

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 3,702 908
Social security and other taxes 2,823 3,041
VAT 7,460 6,777
Directors' loan accounts 5,073 7,524
Accruals and deferred income 2,180 3,090
21,238 21,340