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REGISTERED NUMBER: SC185954 (Scotland)











Unaudited Financial Statements for the Year Ended 30th April 2025

for

Car and Truck Services Limited

Car and Truck Services Limited (Registered number: SC185954)






Contents of the Financial Statements
for the Year Ended 30th April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Report of the Accountants 6

Car and Truck Services Limited

Company Information
for the Year Ended 30th April 2025







DIRECTORS: Mrs A A Forrest
N H Forrest





SECRETARY: Mrs A A Forrest





REGISTERED OFFICE: Farries, Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ





REGISTERED NUMBER: SC185954 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Car and Truck Services Limited (Registered number: SC185954)

Balance Sheet
30th April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 230,935 217,295

CURRENT ASSETS
Stocks 53,925 31,475
Debtors 5 49,750 39,934
Cash at bank - 51,987
103,675 123,396
CREDITORS
Amounts falling due within one year 6 132,301 120,939
NET CURRENT (LIABILITIES)/ASSETS (28,626 ) 2,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

202,309

219,752

PROVISIONS FOR LIABILITIES 41,557 44,937
NET ASSETS 160,752 174,815

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 160,750 174,813
SHAREHOLDERS' FUNDS 160,752 174,815

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th June 2025 and were signed on its behalf by:





Mrs A A Forrest - Director


Car and Truck Services Limited (Registered number: SC185954)

Notes to the Financial Statements
for the Year Ended 30th April 2025

1. STATUTORY INFORMATION

Car and Truck 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.

The trading addresses of the company are: Dryfe Road, Lockerbie, DG11 2RF and Dumfries Road, Elvanfoot, ML12 6TF.

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 from the maintenance and repair of motor vehicles, 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.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value. The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

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 Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company makes contributions into a recognised UK defined contribution pension scheme. Contributions payable to this scheme are charged to the income statement in the period to which they relate.

Car and Truck Services Limited (Registered number: SC185954)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2024 534,106
Additions 110,941
Disposals (36,645 )
At 30th April 2025 608,402
DEPRECIATION
At 1st May 2024 316,811
Charge for year 60,656
At 30th April 2025 377,467
NET BOOK VALUE
At 30th April 2025 230,935
At 30th April 2024 217,295

Car and Truck Services Limited (Registered number: SC185954)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2025

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 49,750 39,934

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 28,378 -
Trade creditors 67,888 69,850
Taxation and social security 30,806 46,403
Other creditors 5,229 4,686
132,301 120,939

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £64,000 (2024 - £68,000) were paid to the directors .

At 30th April 2025, the company operated a directors' loan with Mr N Forrest and Mrs A A Forrest. These sums are repayable on demand and no interest is charged on the amounts advanced.


Amount due to Mr N Forrest at 30th April 2025 - £2,000 (2024: £2,000)

Amount due to Mrs A A Forrest at 30th April 2025 - £813 (2024: £311)

Car and Truck Services Limited

Report of the Accountants to the Directors of
Car and Truck Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th April 2025 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ


6th June 2025