Company registration number 03512128 (England and Wales)
ETS TRUCKS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
ETS TRUCKS LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 10
ETS TRUCKS LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr. C Gale
Mr. D Gale
Mrs. L Gale
Secretary
Mrs. S Gale
Company number
03512128
Registered office
6 Witney Road
Nuffield Industrial Estate
Poole
Dorset
United Kingdom
BH17 0GH
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
ETS TRUCKS LIMITED
BALANCE SHEET
AS AT 28 FEBRUARY 2025
28 February 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
1,390,607
1,391,644
Investments
5
786,147
-
0
2,176,754
1,391,644
Current assets
Stocks
217,669
246,758
Debtors
6
596,791
1,224,652
Cash at bank and in hand
623,931
726,923
1,438,391
2,198,333
Creditors: amounts falling due within one year
7
(816,154)
(975,736)
Net current assets
622,237
1,222,597
Total assets less current liabilities
2,798,991
2,614,241
Creditors: amounts falling due after more than one year
8
(433,080)
(491,860)
Provisions for liabilities
(38,067)
(37,933)
Net assets
2,327,844
2,084,448
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
2,327,744
2,084,348
Total equity
2,327,844
2,084,448
ETS TRUCKS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2025
28 February 2025
- 3 -

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 15 September 2025 and are signed on its behalf by:
Mr. C Gale
Mr. D Gale
Director
Director
Company Registration No. 03512128
The notes on pages 4 to 10 form part of these financial statements
ETS TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
1
Accounting policies
Company information

ETS Trucks Limited is a private company limited by shares incorporated in England and Wales. The registered office is 6 Witney Road, Nuffield Industrial Estate, Poole, Dorset, United Kingdom, BH17 0GH.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

1.3
Intangible fixed assets - goodwill

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill purchased from on acquisition of a local business - amortised fully over a period of 5 years

ETS TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Freehold Land and buildings
No depreciation
Plant and machinery
20% straight line
Equipment
33% straight line
Motor vehicles
20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

ETS TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 6 -
1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

ETS TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
31
32
3
Intangible fixed assets
Goodwill
£
Cost
At 29 February 2024 and 28 February 2025
25,002
Amortisation and impairment
At 29 February 2024 and 28 February 2025
25,002
Carrying amount
At 28 February 2025
-
0
At 28 February 2024
-
0
ETS TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 8 -
4
Tangible fixed assets
Freehold Land and buildings
Plant and machinery
Equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 29 February 2024
1,213,715
553,777
78,020
290,733
2,136,245
Additions
-
0
-
0
-
0
71,999
71,999
Disposals
-
0
-
0
-
0
(40,800)
(40,800)
At 28 February 2025
1,213,715
553,777
78,020
321,932
2,167,444
Depreciation and impairment
At 29 February 2024
-
0
521,569
75,772
147,260
744,601
Depreciation charged in the year
-
0
22,403
1,083
49,550
73,036
Eliminated in respect of disposals
-
0
-
0
-
0
(40,800)
(40,800)
At 28 February 2025
-
0
543,972
76,855
156,010
776,837
Carrying amount
At 28 February 2025
1,213,715
9,805
1,165
165,922
1,390,607
At 28 February 2024
1,213,715
32,208
2,248
143,473
1,391,644
5
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
786,147
-
0
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 29 February 2024
-
Additions
786,147
At 28 February 2025
786,147
Carrying amount
At 28 February 2025
786,147
At 28 February 2024
-
ETS TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 9 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
570,047
791,583
Amounts owed by group undertakings
16,328
-
0
Other debtors
10,416
433,069
596,791
1,224,652
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
59,513
60,842
Trade creditors
335,439
458,687
Other taxation and social security
348,202
433,302
Other creditors
11,750
19,155
Accruals and deferred income
61,250
3,750
816,154
975,736

The aggregate amount of creditors for which security has been given amounted to £49,343 (2024 - £50,672).

8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
433,080
491,860

The aggregate amount of creditors for which security has been given amounted to £429,355 (20 24 - £478,300).

Amounts included above which fall due after five years are as follows:
Payable by instalments
231,982
275,613
ETS TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 10 -
9
Called up share capital
2025
2024
£
£
Ordinary share capital
Issued and fully paid
40 Ordinary A shares of £1 each
40
40
40 Ordinary B shares of £1 each
40
40
20 Ordinary C shares of £1 each
20
20
100
100
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
280,000
33,333
11
Related party transactions

The company has not disclosed any transactions with group companies as per FRS 102 para 33.1A.

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