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REGISTERED NUMBER: 07496681 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Launceston Truck Service Limited

Launceston Truck Service Limited (Registered number: 07496681)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Launceston Truck Service Limited

Company Information
for the Year Ended 31 March 2025







DIRECTORS: D Sandercock
N T Ching





REGISTERED OFFICE: Scarne Industrial Estate
Launceston
Cornwall
PL15 9HS





REGISTERED NUMBER: 07496681 (England and Wales)





ACCOUNTANTS: Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR

Launceston Truck Service Limited (Registered number: 07496681)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 158,311 143,215
158,311 143,215

CURRENT ASSETS
Stocks 235,506 217,241
Debtors 6 249,389 201,807
Cash at bank 99,020 60,817
583,915 479,865
CREDITORS
Amounts falling due within one year 7 517,308 455,574
NET CURRENT ASSETS 66,607 24,291
TOTAL ASSETS LESS CURRENT LIABILITIES 224,918 167,506

CREDITORS
Amounts falling due after more than one
year

8

(178,314

)

(44,181

)

PROVISIONS FOR LIABILITIES (27,004 ) (20,484 )
NET ASSETS 19,600 102,841

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Retained earnings 18,600 101,841
SHAREHOLDERS' FUNDS 19,600 102,841

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

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

Launceston Truck Service Limited (Registered number: 07496681)

Balance Sheet - continued
31 March 2025


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 29 August 2025 and were signed on its behalf by:





D Sandercock - Director


Launceston Truck Service Limited (Registered number: 07496681)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Launceston Truck Service 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 2011, 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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.

Launceston Truck Service Limited (Registered number: 07496681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 8,640
AMORTISATION
At 1 April 2024
and 31 March 2025 8,640
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

Launceston Truck Service Limited (Registered number: 07496681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 392,130
Additions 68,150
Disposals (9,050 )
At 31 March 2025 451,230
DEPRECIATION
At 1 April 2024 248,915
Charge for year 51,842
Eliminated on disposal (7,838 )
At 31 March 2025 292,919
NET BOOK VALUE
At 31 March 2025 158,311
At 31 March 2024 143,215

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2024
and 31 March 2025 34,495
DEPRECIATION
At 1 April 2024 8,624
Charge for year 6,468
At 31 March 2025 15,092
NET BOOK VALUE
At 31 March 2025 19,403
At 31 March 2024 25,871

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 88,349 79,449
Amounts owed by group undertakings 7,819 -
Other debtors 153,221 122,358
249,389 201,807

Launceston Truck Service Limited (Registered number: 07496681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 36,736 6,000
Hire purchase contracts (see note 9) 21,387 10,348
Trade creditors 69,585 66,978
Taxation and social security 4,823 4,971
Other creditors 384,777 367,277
517,308 455,574

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans 160,210 27,796
Hire purchase contracts (see note 9) 18,104 16,385
178,314 44,181

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,796

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
31.3.25 31.3.24
£    £   
Net obligations repayable:
Within one year 21,387 10,348
Between one and five years 18,104 16,385
39,491 26,733

Non-cancellable
operating leases
31.3.25 31.3.24
£    £   
Within one year 58,000 58,000
Between one and five years 135,333 193,333
193,333 251,333

Launceston Truck Service Limited (Registered number: 07496681)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.25 31.3.24
value: £    £   
1,000 Ordinary 1 1,000 1,000

11. RELATED PARTY DISCLOSURES

During the year, the company entered into the following transactions with related parties:


Transaction
Value
Transaction
Value
Balance owed
by/(owed to

)
Balance owed
by/(owed to

)

Year end
31/03/2025
Year end
31/03/2024
Year end
31/03/2025
Year end
31/03/2024
South West Truck and Trailer Parts Ltd(£81,714)(£105,539)£151,173£115,595
LTS Truck & Van Ltd(£9,337)-£7,819-


As at 31 March 2025 the company owed the director, Mr D Sandercock £374,777 (31 March 2024 £367,277). This loan is provided to the company at an interest rate of nil and is repayable on demand.

Blackbird Holdings (SW) Ltd was incorporated on 5 September 2023. It is a holding company, which
formed a group incorporating Launceston Truck Service Limited as 100% owned subsidiary and LTS Truck & Van Ltd as 100% owned subsidiary. At the end of the period, Launceston Truck Service owed Blackbird Holdings (SW) Ltd £10,000.

Shareholders of Launceston Truck Service Limited exchanged all of their shares in Launceston Truck Service Limited for shares in the holding company, Blackbird Holdings (SW) Ltd , on 5 September 2023.

12. ULTIMATE CONTROLLING PARTY

D Sandercock, by virtue of his shareholding in the parent company and directorship, controls the company.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Launceston Truck Service 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Launceston Truck Service Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Launceston Truck Service Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Launceston Truck Service Limited and state those matters that we have agreed to state to the Board of Directors of Launceston Truck Service Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Launceston Truck Service Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Launceston Truck Service Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Launceston Truck Service Limited. You consider that Launceston Truck Service Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Launceston Truck Service Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR


29 August 2025