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REGISTERED NUMBER: SC663851 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

EUROPEAN TRAILER SERVICES LIMITED

EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EUROPEAN TRAILER SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: B J Grandison
L Grandison
Mrs Y Grandison





REGISTERED OFFICE: 105 Carlisle Road
Airdrie
ML6 8AG





REGISTERED NUMBER: SC663851 (Scotland)





ACCOUNTANT: John Murphy & Company (Scotland) Limited
Chartered Accountants
Castle Chambers
67 Main Street
Bothwell
Lanarkshire
G71 8ER

EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,780 4,121

CURRENT ASSETS
Debtors 5 418,607 477,333
Cash at bank 232,249 146,415
650,856 623,748
CREDITORS
Amounts falling due within one year 6 519,864 508,996
NET CURRENT ASSETS 130,992 114,752
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,772

118,873

CREDITORS
Amounts falling due after more than one
year

7

(22,762

)

-

PROVISIONS FOR LIABILITIES 8 (176 ) (783 )
NET ASSETS 137,834 118,090

CAPITAL AND RESERVES
Called up share capital 100 4
Retained earnings 137,734 118,086
SHAREHOLDERS' FUNDS 137,834 118,090

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)

BALANCE SHEET - continued
30 JUNE 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 October 2024 and were signed on its behalf by:





B J Grandison - Director


EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

European Trailer Services Limited is a private company, limited by shares , registered in Scotland. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 6 (2023 - 6 ) .

EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 3,413 - 6,603 10,016
Additions 1,668 30,934 2,004 34,606
Disposals - - (1,414 ) (1,414 )
At 30 June 2024 5,081 30,934 7,193 43,208
DEPRECIATION
At 1 July 2023 1,392 - 4,503 5,895
Charge for year 1,014 6,445 1,486 8,945
Eliminated on disposal - - (1,412 ) (1,412 )
At 30 June 2024 2,406 6,445 4,577 13,428
NET BOOK VALUE
At 30 June 2024 2,675 24,489 2,616 29,780
At 30 June 2023 2,021 - 2,100 4,121

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 30,934
At 30 June 2024 30,934
DEPRECIATION
Charge for year 6,445
At 30 June 2024 6,445
NET BOOK VALUE
At 30 June 2024 24,489

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 399,662 428,004
VAT 18,945 49,329
418,607 477,333

EUROPEAN TRAILER SERVICES LIMITED (REGISTERED NUMBER: SC663851)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 1,565 2,194
Hire purchase contracts 3,709 -
Trade creditors 391,056 436,567
Corporation tax 28,860 37,494
Payroll taxation 2,195 1,956
Arrestments 497 251
Directors' current accounts 22,078 13,059
Accrued charges 69,904 17,475
519,864 508,996

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 22,762 -

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 176 783

Deferred
tax
£   
Balance at 1 July 2023 783
Provided during year (607 )
Balance at 30 June 2024 176

9. ULTIMATE CONTROLLING PARTY

The controlling party is B J Grandison.