REGISTERED NUMBER: SC663851 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

FOR

EUROPEAN TRAILER SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B J Grandison

L Grandison

Mrs Y Grandison

REGISTERED OFFICE:

105 Carlisle Road

Airdrie

ML6 8AG

REGISTERED NUMBER:

SC663851 (Scotland)

ACCOUNTANT:

John Murphy & Company (Scotland) Limited

Chartered Accountants

Castle Chambers

67 Main Street

Bothwell

Lanarkshire

G71 8ER

FIXED ASSETS

Tangible assets

4

20,873

29,780

CURRENT ASSETS

Debtors

5

511,270

418,607

Cash at bank and in hand

101,405

232,249

612,675

650,856

CREDITORS

Amounts falling due within one year

6

512,083

519,864

NET CURRENT ASSETS

100,592

130,992

TOTAL ASSETS LESS CURRENT LIABILITIES

121,465

160,772

CREDITORS

Amounts falling due after more than one year

7

(18,439

)

(22,762

)

PROVISIONS FOR LIABILITIES

8

-

(176

)

NET ASSETS

103,026

137,834

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

102,926

137,734

SHAREHOLDERS' FUNDS

103,026

137,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

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

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 5 September 2025 and were signed on its behalf by:

B J Grandison - Director

1.	STATUTORY INFORMATION

European Trailer Services Limited is a private company, limited by shares , registered in Scotland. 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.

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.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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.

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 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

5,081

30,934

7,193

43,208

Additions

1,249

-

-

1,249

At 30 June 2025

6,330

30,934

7,193

44,457

DEPRECIATION

At 1 July 2024

2,406

6,445

4,577

13,428

Charge for year

1,218

7,733

1,205

10,156

At 30 June 2025

3,624

14,178

5,782

23,584

NET BOOK VALUE

At 30 June 2025

2,706

16,756

1,411

20,873

At 30 June 2024

2,675

24,489

2,616

29,780

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

Motor

vehicles

£

COST

At 1 July 2024

and 30 June 2025

30,934

DEPRECIATION

At 1 July 2024

6,445

Charge for year

7,733

At 30 June 2025

14,178

NET BOOK VALUE

At 30 June 2025

16,756

At 30 June 2024

24,489

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Trade debtors

473,698

399,662

VAT

35,957

18,945

Deferred tax asset

1,615

-

511,270

418,607

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

£

Bank loans and overdrafts

633

1,565

Hire purchase contracts

4,323

3,709

Trade creditors

427,675

391,056

Corporation tax

9,142

28,860

Payroll taxation

1,980

2,195

Pension fund control

-

497

Arrestments

144

-

Directors' current accounts

5,587

22,078

Accrued charges

62,599

69,904

512,083

519,864

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.25

30.6.24

£

£

Hire purchase contracts

18,439

22,762

8.	PROVISIONS FOR LIABILITIES

30.6.24

£

Deferred tax

176

Deferred

tax

£

Balance at 1 July 2024

176

Provided during year

(1,791

)

Balance at 30 June 2025

(1,615

)

9.	ULTIMATE CONTROLLING PARTY

The controlling party is B J Grandison.