REGISTERED NUMBER: 10602802 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Uk Truckrepairs Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

G Culora

REGISTERED OFFICE:

147a High Street

Waltham Cross

United Kingdom

Hertfordshire

EN8 7AP

REGISTERED NUMBER:

10602802 (England and Wales)

SENIOR STATUTORY AUDITOR:

Iain McMurray ACA

AUDITORS:

Thickbroom Coventry

Chartered Accountants

and Statutory Auditors

147a High Street

Waltham Cross

EN8 7AP

FIXED ASSETS

Tangible assets

4

779,798

736,667

CURRENT ASSETS

Debtors

5

1,524,630

2,278,096

Cash at bank

194,819

268,275

1,719,449

2,546,371

CREDITORS

Amounts falling due within one year

6

(1,034,173

)

(2,012,332

)

NET CURRENT ASSETS

685,276

534,039

TOTAL ASSETS LESS CURRENT LIABILITIES

1,465,074

1,270,706

CREDITORS

Amounts falling due after more than one year

7

-

(219,697

)

PROVISIONS FOR LIABILITIES

(48,601

)

(21,111

)

NET ASSETS

1,416,473

1,029,898

CAPITAL AND RESERVES

Called up share capital

9

2

2

Retained earnings

1,416,471

1,029,896

SHAREHOLDERS' FUNDS

1,416,473

1,029,898

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 May 2025 and were signed by:

G Culora - Director

1.	STATUTORY INFORMATION

Uk Truckrepairs Limited 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Critical accounting judgements and key sources of estimation uncertainty

Tangible and intangible assets

Fixtures and fittings, plant and machinery and motor vehicles are depreciated based on their useful lives. Depreciation on tangible assets is recognised on a reducing balance basis over their estimated useful lives.

The company assesses tangible fixed assets where there are indications that the assets could be impaired. Indicators of impairment include factors both inside and outside the organisation, which give indication of a reduction in value. Where there are indicators of a reduction in the carrying value of the asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

Debtors

The directors assess the recoverability of the amounts outstanding at the balance sheet date, undertaking a review of the age profile of the debt, historic collection rates and the nature and class of the debt.

Work in progress

The directors assess the costs incurred in respect of ongoing jobs. Where costs have been incurred and time has been spent on a job which has yet to be billed at the balance sheet date, accrued work in progress is included in revenue based on underlying costs incurred and stage of completion.

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.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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

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 36 (2023 - 34 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

815,492

177,995

132,032

65,200

1,190,719

Additions

27,208

105,083

5,671

64,551

202,513

Disposals

(15,000

)

(32,000

)

-

(23,250

)

(70,250

)

At 31 December 2024

827,700

251,078

137,703

106,501

1,322,982

DEPRECIATION

At 1 January 2024

190,884

117,657

98,885

46,626

454,052

Charge for year

81,221

31,994

17,354

11,020

141,589

Eliminated on disposal

(5,375

)

(25,632

)

-

(21,450

)

(52,457

)

At 31 December 2024

266,730

124,019

116,239

36,196

543,184

NET BOOK VALUE

At 31 December 2024

560,970

127,059

21,464

70,305

779,798

At 31 December 2023

624,608

60,338

33,147

18,574

736,667

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

820,547

1,186,059

Amounts owed by group undertakings

460,000

940,729

Other debtors

244,083

151,308

1,524,630

2,278,096

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

90,909

Trade creditors

344,020

400,809

Amounts owed to group undertakings

150,749

1,020,296

Taxation and social security

309,247

271,016

Other creditors

230,157

229,302

1,034,173

2,012,332

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

219,697

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

-

310,606

The company has granted a debenture in favour of Santander UK PLC dated 28 May 2021, with a fixed and floating charge over the company assets. Charge code 1060 2802 0002

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

2

Ordinary

£1

2

2

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Iain McMurray ACA (Senior Statutory Auditor)

for and on behalf of Thickbroom Coventry

11.	RELATED PARTY DISCLOSURES

All of the following companies are related by the fact that they either have common directors with UK Truckrepairs Limited or are ultimately controlled by one or more of the directors or family members of UK Truckrepairs Limited.

Financial information on transactions and balances between related parties are as follows:

UK Truck Properties Limited

UK Truckrepairs Limited is connected with UK Truck Properties Limited due to common directors and control.

Included in other creditors is a balance due to UK Truck Properties Limited amounting to £100,000 (2023: £nil). This balance is interest free and repayable on demand.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is UK Truckcentre Limited, company number 12152853.

Group accounts can be obtained by request at the registered office:

147a High Street

Waltham Cross

Hertfordshire

EN8 7AP