Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3013distribution of commercial vehicle partsfalse2023-05-0113truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 02852981 2023-05-01 2024-04-30 02852981 2022-05-01 2023-04-30 02852981 2024-04-30 02852981 2023-04-30 02852981 c:Director1 2023-05-01 2024-04-30 02852981 d:Buildings 2023-05-01 2024-04-30 02852981 d:Buildings 2024-04-30 02852981 d:Buildings 2023-04-30 02852981 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02852981 d:LandBuildings 2024-04-30 02852981 d:LandBuildings 2023-04-30 02852981 d:PlantMachinery 2023-05-01 2024-04-30 02852981 d:PlantMachinery 2024-04-30 02852981 d:PlantMachinery 2023-04-30 02852981 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02852981 d:MotorVehicles 2023-05-01 2024-04-30 02852981 d:MotorVehicles 2024-04-30 02852981 d:MotorVehicles 2023-04-30 02852981 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02852981 d:FurnitureFittings 2023-05-01 2024-04-30 02852981 d:ComputerEquipment 2023-05-01 2024-04-30 02852981 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 02852981 d:CurrentFinancialInstruments 2024-04-30 02852981 d:CurrentFinancialInstruments 2023-04-30 02852981 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 02852981 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 02852981 d:ShareCapital 2024-04-30 02852981 d:ShareCapital 2023-04-30 02852981 d:RetainedEarningsAccumulatedLosses 2024-04-30 02852981 d:RetainedEarningsAccumulatedLosses 2023-04-30 02852981 c:FRS102 2023-05-01 2024-04-30 02852981 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 02852981 c:FullAccounts 2023-05-01 2024-04-30 02852981 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 02852981 2 2023-05-01 2024-04-30 02852981 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 02852981










TRUCK TRAILER + BUS COMPONENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
TRUCK TRAILER + BUS COMPONENTS LIMITED
REGISTERED NUMBER: 02852981

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
56,268
182,432

  
56,268
182,432

Current assets
  

Stocks
 5 
190,974
179,894

Debtors: amounts falling due within one year
 6 
1,389,517
1,322,481

Cash at bank and in hand
  
131,147
68,902

  
1,711,638
1,571,277

Creditors: amounts falling due within one year
 7 
(331,185)
(389,579)

Net current assets
  
 
 
1,380,453
 
 
1,181,698

Total assets less current liabilities
  
1,436,721
1,364,130

Provisions for liabilities
  

Deferred tax
  
(8,363)
(4,276)

  
 
 
(8,363)
 
 
(4,276)

Net assets
  
1,428,358
1,359,854


Capital and reserves
  

Called up share capital 
  
384
384

Profit and loss account
  
1,427,974
1,359,470

  
1,428,358
1,359,854


Page 1

 
TRUCK TRAILER + BUS COMPONENTS LIMITED
REGISTERED NUMBER: 02852981

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 January 2025.




Thomas Mark Williams
Director

Page 2

 
TRUCK TRAILER + BUS COMPONENTS LIMITED
 

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

1.


General information

The principal activity of the company in the year under review was that of distribution of commercial vehicle parts. 

Truck Trailer + Bus Components Limited is a private company, limited by shares, registered in England and Wales.
The company's registered office address is as below:
Unit 16 Plot 51
Village Farm Industrial Estate
Pyle
Mid-Glamorgan
CF33 6NH

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

Page 3

 
TRUCK TRAILER + BUS COMPONENTS LIMITED
 

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

2.Accounting policies (continued)

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
TRUCK TRAILER + BUS COMPONENTS LIMITED
 

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

2.Accounting policies (continued)

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
TRUCK TRAILER + BUS COMPONENTS LIMITED
 

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

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
25%
Fixtures and fittings
-
15%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 6

 
TRUCK TRAILER + BUS COMPONENTS LIMITED
 

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

3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Employees
13
13


4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Total

£
£
£
£



Cost or valuation


At 1 May 2023
157,130
69,342
73,021
299,493


Additions
-
-
50,909
50,909


Disposals
(157,130)
-
(11,850)
(168,980)



At 30 April 2024

-
69,342
112,080
181,422



Depreciation


At 1 May 2023
-
54,728
62,334
117,062


Charge for the year on owned assets
-
3,654
15,101
18,755


Disposals
-
-
(10,663)
(10,663)



At 30 April 2024

-
58,382
66,772
125,154



Net book value



At 30 April 2024
-
10,960
45,308
56,268



At 30 April 2023
157,130
14,615
10,687
182,432




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
-
157,130

-
157,130


Page 7

 
TRUCK TRAILER + BUS COMPONENTS LIMITED
 

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

5.


Stocks

2024
2023
£
£

Raw materials and consumables
190,974
179,894

190,974
179,894



6.


Debtors

2024
2023
£
£


Trade debtors
334,797
348,552

Amounts owed by group undertakings
1,046,719
957,599

Other debtors
1,878
10,207

Prepayments and accrued income
6,123
6,123

1,389,517
1,322,481



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
21,599
31,570

Trade creditors
193,375
198,864

Corporation tax
15,283
18,909

Other taxation and social security
45,526
38,603

Other creditors
1,347
42,006

Accruals and deferred income
54,055
59,627

331,185
389,579



Page 8