REGISTERED NUMBER: 09688986 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

M. W. TRUCK PARTS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

H M Watti

REGISTERED OFFICE:

Carnaby Industrial Estate

Lancaster Road

Carnaby

Bridlington

East Yorkshire

YO15 3QY

REGISTERED NUMBER:

09688986 (England and Wales)

ACCOUNTANTS:

Jackson Robson Licence Limited

33-35 Exchange Street

Driffield

East Yorkshire

YO25 6LL

FIXED ASSETS

Tangible assets

4

25,009

12,206

CURRENT ASSETS

Stocks

5

20,500

36,000

Debtors

6

15,952

11,107

Cash at bank

10,728

6,635

47,180

53,742

CREDITORS

Amounts falling due within one year

7

38,487

44,293

NET CURRENT ASSETS

8,693

9,449

TOTAL ASSETS LESS CURRENT LIABILITIES

33,702

21,655

PROVISIONS FOR LIABILITIES

3,002

3,002

NET ASSETS

30,700

18,653

CAPITAL AND RESERVES

Called up share capital

9

9

Retained earnings

30,691

18,644

SHAREHOLDERS' FUNDS

30,700

18,653

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 27 September 2025 and were signed by:

H M Watti - Director

1.	STATUTORY INFORMATION

M. W. Truck Parts 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

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

20% on reducing balance

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 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

4,748

9,366

7,250

5,768

27,132

Additions

8,000

7,885

-

2,555

18,440

Disposals

-

-

-

(1,970

)

(1,970

)

At 31 December 2024

12,748

17,251

7,250

6,353

43,602

DEPRECIATION

At 1 January 2024

2,647

5,341

3,538

3,400

14,926

Charge for year

1,515

1,786

742

833

4,876

Eliminated on disposal

-

-

-

(1,209

)

(1,209

)

At 31 December 2024

4,162

7,127

4,280

3,024

18,593

NET BOOK VALUE

At 31 December 2024

8,586

10,124

2,970

3,329

25,009

At 31 December 2023

2,101

4,025

3,712

2,368

12,206

5.

STOCKS

2024

2023

£

£

Stocks

20,500

36,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

10,501

6,987

Other debtors

5,451

4,120

15,952

11,107

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,206

11,075

Trade creditors

25,171

24,175

Taxation and social security

7,010

8,013

Other creditors

1,100

1,030

38,487

44,293