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REGISTERED NUMBER: 02738543 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HANDLING TRUCK SERVICES LIMITED

HANDLING TRUCK SERVICES LIMITED (REGISTERED NUMBER: 02738543)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HANDLING TRUCK SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: G Liscio
P Liscio
S Liscio





REGISTERED OFFICE: Unit A,
Cradock Road
Luton
Bedfordshire
LU4 0JF





REGISTERED NUMBER: 02738543 (England and Wales)





ACCOUNTANTS: Ad Valorem Accountancy Services Limited
Chartered Certified Accountants
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Buckinghamshire
MK12 5NN

HANDLING TRUCK SERVICES LIMITED (REGISTERED NUMBER: 02738543)

BALANCE SHEET
31 OCTOBER 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 1,341,322 1,381,725

CURRENT ASSETS
Stocks 493,750 469,366
Debtors 6 546,922 589,283
Cash at bank and in hand 178,939 130,696
1,219,611 1,189,345
CREDITORS
Amounts falling due within one year 7 829,745 985,616
NET CURRENT ASSETS 389,866 203,729
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,731,188

1,585,454

CREDITORS
Amounts falling due after more than one
year

8

(451,682

)

(525,113

)

PROVISIONS FOR LIABILITIES (306,198 ) (295,558 )
NET ASSETS 973,308 764,783

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 973,208 764,683
SHAREHOLDERS' FUNDS 973,308 764,783

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

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

HANDLING TRUCK SERVICES LIMITED (REGISTERED NUMBER: 02738543)

BALANCE SHEET - continued
31 OCTOBER 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 30 June 2025 and were signed on its behalf by:





G Liscio - Director


HANDLING TRUCK SERVICES LIMITED (REGISTERED NUMBER: 02738543)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Handling Truck Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents the value, excluding value added tax, of goods and services supplied to customers during the year. A sale is recognised when revenue and associated costs can be measured reliably and future economic benefits are probable. Revenue is measured at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, net of discounts and VAT.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - 20% on 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 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.

HANDLING TRUCK SERVICES LIMITED (REGISTERED NUMBER: 02738543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


3. ACCOUNTING POLICIES - continued

HIRE PURCHASE AND LEASING COMMITMENTS
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. 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 term, whichever is the shorter.

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

Rentals paid under operating leases are charged to profit or loss 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 profit or loss in the period to which they relate.

DEBTORS RECEIVABLE AND CREDITORS PAYABLE
Debtors and creditors with no stated interest rate and receivable or payable within or after one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

GOVERNMENT GRANTS
Government grants are recognised in the Income Statement so as to match them with the expenditure towards which they are intended to contribute.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 19 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£ £ £ £
COST
At 1 November 2023 2,638,234 109,328 409,327 3,156,889
Additions 187,279 7,293 123,249 317,821
Disposals (116,203 ) - (29,207 ) (145,410 )
Transfer to ownership (15,565 ) - - (15,565 )
At 31 October 2024 2,693,745 116,621 503,369 3,313,735
DEPRECIATION
At 1 November 2023 1,471,841 89,158 214,165 1,775,164
Charge for year 218,132 2,407 80,853 301,392
Eliminated on disposal (77,415 ) - (11,682 ) (89,097 )
Transfer to ownership (15,046 ) - - (15,046 )
At 31 October 2024 1,597,512 91,565 283,336 1,972,413
NET BOOK VALUE
At 31 October 2024 1,096,233 25,056 220,033 1,341,322
At 31 October 2023 1,166,393 20,170 195,162 1,381,725

HANDLING TRUCK SERVICES LIMITED (REGISTERED NUMBER: 02738543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor
machinery vehicles Totals
£ £ £
COST
At 1 November 2023 367,917 211,170 579,087
Additions - 44,522 44,522
Disposals (24,600 ) - (24,600 )
Transfer to ownership (15,565 ) - (15,565 )
At 31 October 2024 327,752 255,692 583,444
DEPRECIATION
At 1 November 2023 121,762 58,273 180,035
Charge for year 28,549 51,138 79,687
Eliminated on disposal (410 ) - (410 )
Transfer to ownership (15,046 ) - (15,046 )
At 31 October 2024 134,855 109,411 244,266
NET BOOK VALUE
At 31 October 2024 192,897 146,281 339,178
At 31 October 2023 246,155 152,897 399,052

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 533,914 549,286
Tax - 26,115
Prepayments 13,008 13,882
546,922 589,283

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 32,947 39,978
Hire purchase contracts and finance leases (see note 9)
87,590

215,413
Trade creditors 212,149 331,252
Tax 115,091 -
Social security and other taxes 16,624 17,563
VAT 102,891 38,809
Other creditors 5,210 10,529
Directors' current accounts 250,943 325,943
Accrued expenses 6,300 6,129
829,745 985,616

HANDLING TRUCK SERVICES LIMITED (REGISTERED NUMBER: 02738543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans - 1-2 years 35,381 32,947
Bank loans - 2-5 years 122,617 114,180
Bank loans more than 5 years 154,109 197,927
Hire purchase contracts and finance leases (see note 9)
139,575

180,059
451,682 525,113

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 154,109 197,927
Hire purchase - 13,617
154,109 211,544

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
Finance leases
2024 2023 2024 2023
£ £ £ £
Gross obligations repayable:
Within one year 91,266 222,474 6,524 16,040
Between one and five years 140,324 161,287 18,609 27,512
In more than five years - 13,931 - -
231,590 397,692 25,133 43,552

Finance charges repayable:
Within one year 9,564 21,758 636 1,343
Between one and five years 18,742 21,077 616 1,280
In more than five years - 314 - -
28,306 43,149 1,252 2,623

Net obligations repayable:
Within one year 81,702 200,716 5,888 14,697
Between one and five years 121,582 140,210 17,993 26,232
In more than five years - 13,617 - -
203,284 354,543 23,881 40,929

As at 31 October 2024, the company had operating lease commitments of nil (2023 - £nil) relating to a property lease and £49,437 (2023 - £49,437) relating to vehicles which expire in March 2025 and December 2027.

HANDLING TRUCK SERVICES LIMITED (REGISTERED NUMBER: 02738543)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 345,054 385,032
Hire purchase contracts and finance leases 227,165 395,472
572,219 780,504

Hire purchase contracts are secured over the individual assets to which they relate.

The bank loan is secured by a fixed and a floating charge over the assets of the company.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

2024 2023
£ £
P Liscio
Balance outstanding at start of year - 7,007
Amounts repaid - (7,007 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

No interest was charged on these advances and they are repayable on demand.