Wolverhampton Truck Rental Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00816746

Wolverhampton Truck Rental Limited

Filleted Unaudited Financial Statements

31 December 2024

Wolverhampton Truck Rental Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		190	238

Current assets

Stocks		14,296	6,805
Debtors	6	39,108	45,190
Cash at bank and in hand		446	901
		--------	--------
		53,850	52,896

Creditors: amounts falling due within one year	7	143,377		89,204
		---------		--------
Net current liabilities			89,527	36,308
			--------	--------
Total assets less current liabilities			( 89,337)	( 36,070)
			--------	--------
Net liabilities			( 89,337)	( 36,070)
			--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 89,437)	( 36,170)
	--------	--------
Shareholders deficit	( 89,337)	( 36,070)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Wolverhampton Truck Rental Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

E A Chitty

Director

Company registration number: 00816746

Wolverhampton Truck Rental Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Saturn Service Station, 33 Wednesfield Road, Wolverhampton, West Midlands, WV10 0DS.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The company will continue to receive financial support from its parent company and directors in order that it can meet its liabilities as they fall due. Accordingly the accounts are prepared on a going concern basis.

(c) Revenue recognition

Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods falling within the company's ordinary activities.

(d) Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

(e) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

(f) Depreciation

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

	Plant and machinery	-	20% on written down value

(g) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(h) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

5. Tangible assets

	Plant and machinery	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	9,903	9,903
	-------	-------
Depreciation
At 1 January 2024	9,665	9,665
Charge for the year	48	48
	-------	-------
At 31 December 2024	9,713	9,713
	-------	-------
Carrying amount
At 31 December 2024	190	190
	-------	-------
At 31 December 2023	238	238
	-------	-------

6. Debtors

	2024	2023
	£	£
Trade debtors	11,724	12,137
Other debtors	27,384	33,053
	--------	--------
	39,108	45,190
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	7,724	8,205
Trade creditors	22,126	27,444
Amounts owed to group undertakings and undertakings in which the company has a participating interest	101,295	36,795
Social security and other taxes	3,664	5,801
Other creditors	8,568	10,959
	---------	--------
	143,377	89,204
	---------	--------

The bank overdraft is secured by a fixed and floating charge.

8. Controlling party

The ultimate parent company is Transco (Wolverhampton) Limited, a company registered in England and Wales .