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REGISTERED NUMBER: 04394577 (England and Wales)















TRUCK ENGINEERING LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024






TRUCK ENGINEERING LIMITED (REGISTERED NUMBER: 04394577)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TRUCK ENGINEERING LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: M A Jones





SECRETARY: Ms D Jones





REGISTERED OFFICE: Unit 4 Holland Industrial Park
Bentley Road South
Darlaston
West Midlands
WS10 8LN





REGISTERED NUMBER: 04394577 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

TRUCK ENGINEERING LIMITED (REGISTERED NUMBER: 04394577)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 383,108 266,550
Investments 5 40 40
383,148 266,590

CURRENT ASSETS
Stocks 20,884 90,073
Debtors 6 995,492 1,123,424
Cash at bank 1,532,621 1,029,040
2,548,997 2,242,537
CREDITORS
Amounts falling due within one year 7 910,736 880,736
NET CURRENT ASSETS 1,638,261 1,361,801
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,021,409

1,628,391

PROVISIONS FOR LIABILITIES 92,638 63,298
NET ASSETS 1,928,771 1,565,093

CAPITAL AND RESERVES
Called up share capital 510 510
Capital redemption reserve 490 490
Retained earnings 1,927,771 1,564,093
1,928,771 1,565,093

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

TRUCK ENGINEERING LIMITED (REGISTERED NUMBER: 04394577)

Balance Sheet - continued
31 December 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 director and authorised for issue on 16 May 2025 and were signed by:





M A Jones - Director


TRUCK ENGINEERING LIMITED (REGISTERED NUMBER: 04394577)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Truck Engineering 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.

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

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks 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 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

TRUCK ENGINEERING LIMITED (REGISTERED NUMBER: 04394577)

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

2. ACCOUNTING POLICIES - continued

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 26 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024 1,250 471,106 452,214 924,570
Additions - 26,970 221,966 248,936
Disposals - - (26,265 ) (26,265 )
At 31 December 2024 1,250 498,076 647,915 1,147,241
DEPRECIATION
At 1 January 2024 1,250 372,427 284,343 658,020
Charge for year - 31,413 96,291 127,704
Eliminated on disposal - - (21,591 ) (21,591 )
At 31 December 2024 1,250 403,840 359,043 764,133
NET BOOK VALUE
At 31 December 2024 - 94,236 288,872 383,108
At 31 December 2023 - 98,679 167,871 266,550

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 January 2024
and 31 December 2024 40
NET BOOK VALUE
At 31 December 2024 40
At 31 December 2023 40

TRUCK ENGINEERING LIMITED (REGISTERED NUMBER: 04394577)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 987,856 1,120,791
Other debtors 7,636 2,633
995,492 1,123,424

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 463,077 497,753
Taxation and social security 298,520 315,099
Other creditors 67,139 16,884
Accruals and deferred income 82,000 51,000
910,736 880,736

8. ULTIMATE CONTROLLING PARTY

The controlling party is M A Jones.