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REGISTERED NUMBER: 01100144 (England and Wales)















RANCH TRUCKS AND TRAILERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






RANCH TRUCKS AND TRAILERS LIMITED (REGISTERED NUMBER: 01100144)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 6


RANCH TRUCKS AND TRAILERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: M Sheppard





SECRETARY: Mrs P A Sheppard





REGISTERED OFFICE: Ranch House
1 Chapel Lane
Bingham
Nottinghamshire
NG13 8GF





REGISTERED NUMBER: 01100144 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

RANCH TRUCKS AND TRAILERS LIMITED (REGISTERED NUMBER: 01100144)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 656,205 673,938
Investments 5 97 97
Investment property 6 4,487,500 4,487,500
5,143,802 5,161,535

CURRENT ASSETS
Inventories 128,000 138,000
Debtors 7 328,060 266,651
Cash at bank 270,489 842,727
726,549 1,247,378
CREDITORS
Amounts falling due within one year 8 2,903,555 3,628,264
NET CURRENT LIABILITIES (2,177,006 ) (2,380,886 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,966,796 2,780,649

PROVISIONS FOR LIABILITIES 430,094 433,955
NET ASSETS 2,536,702 2,346,694

CAPITAL AND RESERVES
Called up share capital 10 6,400 6,400
Share premium 6,000 6,000
Fair value reserve 11 1,592,094 1,592,094
Retained earnings 932,208 742,200
SHAREHOLDERS' FUNDS 2,536,702 2,346,694

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

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

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 25 June 2025 and were signed by:



M Sheppard - Director


RANCH TRUCKS AND TRAILERS LIMITED (REGISTERED NUMBER: 01100144)

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

1. STATUTORY INFORMATION

Ranch Trucks and Trailers 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 as modified by the revaluation of certain assets.

Revenue
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 33% on reducing balance and 20% on reducing balance

No depreciation has been provided for freehold property. The directors consider that the lives of these buildings and their residual values are such that their depreciation is not significant.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in the income statement and the revaluation reserve. No depreciation is provided in respect of investment properties. The directors consider this to show a true and fair view.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 Statement of Financial Position date.


RANCH TRUCKS AND TRAILERS LIMITED (REGISTERED NUMBER: 01100144)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 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 statement of financial position 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 Statement of Financial Position. 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 tern, whichever is the shorter.

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

Rentals paid under operating leases are charged to the Income Statement on a straight line basis over the period of the lease.

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 the Income Statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 585,405 318,005 903,410
DEPRECIATION
At 1 October 2023 - 229,472 229,472
Charge for year - 17,733 17,733
At 30 September 2024 - 247,205 247,205
NET BOOK VALUE
At 30 September 2024 585,405 70,800 656,205
At 30 September 2023 585,405 88,533 673,938


RANCH TRUCKS AND TRAILERS LIMITED (REGISTERED NUMBER: 01100144)

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

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 97
NET BOOK VALUE
At 30 September 2024 97
At 30 September 2023 97

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 4,487,500
NET BOOK VALUE
At 30 September 2024 4,487,500
At 30 September 2023 4,487,500

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2015 1,224,533
Valuation in 2016 75,000
Valuation in 2017 109,805
Valuation in 2018 120,000
Valuation in 2021 450,556
Valuation in 2022 2,200
Cost 2,505,406
4,487,500

The directors revalued the investment property with regard to market based evidence for similar properties sold in the local area.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 133,879 70,155
Other debtors 194,181 196,496
328,060 266,651

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 31,773 89,390
Taxation and social security 121,076 55,602
Other creditors 2,750,706 3,483,272
2,903,555 3,628,264

RANCH TRUCKS AND TRAILERS LIMITED (REGISTERED NUMBER: 01100144)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

The hire purchase contracts are secured against the assets to which the hire purchase agreements relate to.
The bank loan is secured by fixed and floating charges over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,400 Ordinary £1 6,400 6,400

11. RESERVES
Fair
value
reserve
£   
At 1 October 2023
and 30 September 2024 1,592,094

The aggregate surplus on re-measurement of investment properties, net of associated deferred tax, is transferred to a separate non-distributable fair value reserve in order to assist with the identification of profits available for distribution.