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REGISTERED NUMBER: 03314727 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

GARSTANG TRUCK BODIES LIMITED

GARSTANG TRUCK BODIES LIMITED (REGISTERED NUMBER: 03314727)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GARSTANG TRUCK BODIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: J M Gerraty
Mrs R H Gerraty





REGISTERED OFFICE: The Old Coalyard
Green Lane West
Garstang
Preston
Lancashire
PR3 1NJ





REGISTERED NUMBER: 03314727 (England and Wales)





ACCOUNTANTS: Streets Turner Limited
Chartered Accountants
9 Victoria Rd
Fulwood
Preston
Lancashire
PR2 8ND

GARSTANG TRUCK BODIES LIMITED (REGISTERED NUMBER: 03314727)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 698,227 523,523
698,227 523,523

CURRENT ASSETS
Stocks 6 25,700 25,700
Debtors 7 34,162 106,018
Cash at bank 67,049 89,417
126,911 221,135
CREDITORS
Amounts falling due within one year 8 604,933 550,834
NET CURRENT LIABILITIES (478,022 ) (329,699 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

220,205

193,824

PROVISIONS FOR LIABILITIES 9 473 630
NET ASSETS 219,732 193,194

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 219,632 193,094
SHAREHOLDERS' FUNDS 219,732 193,194

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

GARSTANG TRUCK BODIES LIMITED (REGISTERED NUMBER: 03314727)

BALANCE SHEET - continued
30 APRIL 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 January 2025 and were signed on its behalf by:





J M Gerraty - Director


GARSTANG TRUCK BODIES LIMITED (REGISTERED NUMBER: 03314727)

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


1. STATUTORY INFORMATION

Garstang Truck Bodies Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Nil
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer 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.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


GARSTANG TRUCK BODIES LIMITED (REGISTERED NUMBER: 03314727)

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


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits

Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation taking into account the risks and uncertainties surrounding the obligation.

Pensions
For a defined benefit scheme, the liability recorded in the balance sheet is the present value of the defined obligation at that date. The defined benefit obligation is calculated on an annual basis by independent actuaries.

Actuarial gains and losses are recognised in full in the period in which they occur and are shown in Other Comprehensive Income.

Current and past service costs, along with settlements or curtailments, are charged to the Income Statement. Interest on pension plan liabilities are recognised within finance expense.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 44,555
AMORTISATION
At 1 May 2023
and 30 April 2024 44,555
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

GARSTANG TRUCK BODIES LIMITED (REGISTERED NUMBER: 03314727)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 520,206 41,852 4,100
Additions 175,533 - -
At 30 April 2024 695,739 41,852 4,100
DEPRECIATION
At 1 May 2023 - 41,687 3,670
Charge for year - 41 107
At 30 April 2024 - 41,728 3,777
NET BOOK VALUE
At 30 April 2024 695,739 124 323
At 30 April 2023 520,206 165 430

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 40,006 5,956 612,120
Additions - - 175,533
At 30 April 2024 40,006 5,956 787,653
DEPRECIATION
At 1 May 2023 37,360 5,880 88,597
Charge for year 662 19 829
At 30 April 2024 38,022 5,899 89,426
NET BOOK VALUE
At 30 April 2024 1,984 57 698,227
At 30 April 2023 2,646 76 523,523

6. STOCKS
2024 2023
£    £   
Stocks 12,500 12,500
Work-in-progress 13,200 13,200
25,700 25,700

GARSTANG TRUCK BODIES LIMITED (REGISTERED NUMBER: 03314727)

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


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,158 93,815
Other debtors 13,004 12,203
34,162 106,018

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,573 59,382
Taxation and social security 27,091 14,819
Other creditors 546,269 476,633
604,933 550,834

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 473 630

Deferred
tax
£   
Balance at 1 May 2023 630
Credit to Income Statement during year (157 )
Balance at 30 April 2024 473

10. RESERVES
Retained
earnings
£   

At 1 May 2023 193,094
Profit for the year 27,106
Dividends (568 )
At 30 April 2024 219,632

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs R H Gerraty.