Niven Truck Bodies Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04462437

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		460		613
Investments	5		15,000		15,000

			15,460		15,613
CURRENT ASSETS
Stocks	6	-		2,750
Debtors	7	8,527		6,242
Cash at bank and in hand		34,870		43,251

		43,397		52,243
Creditors: Amounts Falling Due Within One Year	8	(28,957 )		(29,686 )

NET CURRENT ASSETS (LIABILITIES)			14,440		22,557

TOTAL ASSETS LESS CURRENT LIABILITIES			29,900		38,170

Creditors: Amounts Falling Due After More Than One Year	9		(30,093 )		(35,648 )

NET (LIABILITIES)/ASSETS			(193 )		2,522

CAPITAL AND RESERVES
Called up share capital	10		1		1
Profit and Loss Account			(194 )		2,521

SHAREHOLDERS' FUNDS			(193)		2,522

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Niven Truck Bodies Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Niven Whiteoak

Director

11/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Niven Truck Bodies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04462437 . The registered office is Sandrock, Avenue Road , Hurst Green, Clitheroe, Lancsashire, BB7 9QB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance
Computer Equipment	33% Straight Line

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2024	2023
Office and administration	2	2

	2	2

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Niven Truck Bodies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	699	2,667	1,891	5,257

As at 31 December 2024	699	2,667	1,891	5,257

Depreciation
As at 1 January 2024	175	2,578	1,891	4,644
Provided during the period	131	22	-	153

As at 31 December 2024	306	2,600	1,891	4,797

Net Book Value
As at 31 December 2024	393	67	-	460

As at 1 January 2024	524	89	-	613

5. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2024	15,000

As at 31 December 2024	15,000

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	15,000

As at 1 January 2024	15,000

6. Stocks

	2024	2023
	£	£
Stock	-	2,750

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	700	3,800
Prepayments and accrued income	951	400
VAT	730	-
Director's loan account	6,146	2,043
Called up share capital not paid	-	(1 )

	8,527	6,242

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Niven Truck Bodies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

8. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	591	1,290
VAT	-	30
Directors Loan Acc	28,366	28,366

	28,957	29,686

9. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	30,093	35,648

10. Share Capital

	2024	2023
	£	£
Called Up Share Capital not Paid	-	(1 )
Called Up Share Capital has been paid up	1	2

Amount of Allotted, Called Up Share Capital	1	1

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