REGISTERED NUMBER: 04305056 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

ITALTRUCK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Uva

SECRETARY:

Mrs Y Benton

REGISTERED OFFICE:

40-42 Rushey Lane

Tyseley

Birmingham

West Midlands

B11 BL

REGISTERED NUMBER:

04305056 (England and Wales)

ACCOUNTANTS:

Harringtons

126 New John Street

Birmingham

B6 4LD

FIXED ASSETS

Tangible assets

4

131,800

55,712

CURRENT ASSETS

Stocks

326,000

452,500

Debtors

5

872,198

991,341

Cash at bank

1,331,162

873,991

2,529,360

2,317,832

CREDITORS

Amounts falling due within one year

6

1,262,954

1,246,240

NET CURRENT ASSETS

1,266,406

1,071,592

TOTAL ASSETS LESS CURRENT LIABILITIES

1,398,206

1,127,304

PROVISIONS FOR LIABILITIES

7

12,450

13,928

NET ASSETS

1,385,756

1,113,376

CAPITAL AND RESERVES

Called up share capital

15

15

Share premium account

3,000

3,000

Retained earnings

1,382,741

1,110,361

SHAREHOLDERS' FUNDS

1,385,756

1,113,376

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17th September 2025 and were signed by:

A Uva - Director

1.	STATUTORY INFORMATION

Italtruck Ltd 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

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.

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 10 (2023 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st January 2024

94,441

Additions

118,046

Disposals

(18,785

)

At 31st December 2024

193,702

DEPRECIATION

At 1st January 2024

38,729

Charge for year

41,958

Eliminated on disposal

(18,785

)

At 31st December 2024

61,902

NET BOOK VALUE

At 31st December 2024

131,800

At 31st December 2023

55,712

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

822,608

949,251

Amounts owed by group undertakings

49,590

42,090

872,198

991,341

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

764,704

705,617

Taxation and social security

496,937

539,318

Other creditors

1,313

1,305

1,262,954

1,246,240

7.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

12,450

13,928

Deferred

tax

£

Balance at 1st January 2024

13,928

Movement in period

(1,478

)

Balance at 31st December 2024

12,450

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Uva.