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Truck Services Of Sussex Limited
Registered Number:04617549
For the year ended 31 January 2024
England and Wales
Unaudited Financial Statements
2
Registered Number :
04617549
As at 31 January 2024
Truck Services Of Sussex Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
31,657
29,228
3
31,657
29,228
Current assets
Trade and other receivables
30,625
67,007
4
80,976
Cash and cash equivalents
61,992
128,999
111,601
Trade and other payables: amounts falling due within one
year
(84,387)
(94,844)
5
27,214
34,155
Net current assets
Total assets less current liabilities
65,812
56,442
Trade and other payables: amounts falling due after more
than one year
(834)
-
6
65,812
Net assets
55,608
Capital and reserves
Called up share capital
2
2
Retained earnings
65,810
55,606
65,812
55,608
Shareholders' funds
For the year ended 31 January 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
L Street Director
These financial statements were approved and authorised for issue by the Board on 30 October 2024 and were signed by:
The notes form part of these financial statements
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For the year ended 31 January 2024
Truck Services Of Sussex Limited
Notes to the Financial Statements
Statutory Information
Truck Services Of Sussex Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 04617549.
Registered address:
19-21 Cradle Hill Industrial Estate
Seaford
East Sussex
BN25 3JE
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Reducing balance
25% Straight line
Computer equipment
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
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.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
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4
For the year ended 31 January 2024
Truck Services Of Sussex Limited
Notes to the Financial Statements Continued
2. Intangible fixed assets
Goodwill
Cost or valuation
£
At 01 February 2023
40,000
At 31 January 2024
40,000
Amortisation
At 01 February 2023
40,000
At 31 January 2024
40,000
Net book value
At 31 January 2024
-
At 31 January 2023
-
3. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 February 2023
146,101
-
36,140
109,961
12,744
1,728
11,016
-
Additions
At 31 January 2024
109,961
47,156
1,728
158,845
Provision for depreciation and impairment
At 01 February 2023
116,873
-
25,743
91,130
Charge for year
10,315
432
5,175
4,708
At 31 January 2024
127,188
432
30,918
95,838
At 31 January 2024
Net book value
14,123
16,238
1,296
31,657
At 31 January 2023
18,831
10,397
-
29,228
4. Trade and other receivables
2023
2024
£
£
Trade debtors
48,950
13,645
Other debtors
18,057
16,980
30,625
67,007
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For the year ended 31 January 2024
Truck Services Of Sussex Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
550
5,000
Trade creditors
57,518
61,158
Taxation and social security
35,798
10,671
Other creditors
978
7,558
94,844
84,387
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
-
834
7. Related party transactions
The company is controlled by the directors who own 100% of the called up share capital.
8. Average number of persons employed
During the year the average number of employees was 8 (2023 : 8)
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