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REGISTERED NUMBER: 05669217 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

D & G TRUCKS LIMITED

D & G TRUCKS LIMITED (REGISTERED NUMBER: 05669217)

Contents of the Financial Statements

FOR THE YEAR ENDED 31 OCTOBER 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

D & G TRUCKS LIMITED

Company Information

FOR THE YEAR ENDED 31 OCTOBER 2024

| DIRECTOR: | Mr D G Harding

| REGISTERED OFFICE: | AKS Advisers

| Fourth & Fifth Floor

| 14-15 Lower Grosvenor Place

| London

| SW1W 0EX

| REGISTERED NUMBER: | 05669217 (England and Wales)

| ACCOUNTANTS: | AKS Advisers

| 14-15 Lower Grosvenor Place

| London

| SW1W 0EX

D & G TRUCKS LIMITED (REGISTERED NUMBER: 05669217)

Balance Sheet

31 OCTOBER 2024

| 31.10.24 | 31.10.23 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 820,505 |  | 1,010,461 |  |

CURRENT ASSETS

Debtors | 5 | 1,045,839 |  | 617,592 |  |

Cash at bank and in hand | 140,736 |  | 110,903 |  |

1,186,575 |  | 728,495 |  |

CREDITORS

Amounts falling due within one year | 6 | 2,042,831 |  | 1,616,304 |  |

NET CURRENT LIABILITIES | (856,256 | ) | (887,809 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (35,751 | ) | 122,652 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (197,190 | ) | (356,426 | ) |

PROVISIONS FOR LIABILITIES | (47,970 | ) | (47,970 | ) |

NET LIABILITIES | (280,911 | ) | (281,744 | ) |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | (280,913 | ) | (281,746 | ) |

SHAREHOLDERS' FUNDS | (280,911 | ) | (281,744 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

D & G TRUCKS LIMITED (REGISTERED NUMBER: 05669217)

Balance Sheet - continued

31 OCTOBER 2024

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 8 October 2025 and were signed by:

Mr D G Harding - Director

D & G TRUCKS LIMITED (REGISTERED NUMBER: 05669217)

Notes to the Financial Statements

FOR THE YEAR ENDED 31 OCTOBER 2024

1. | STATUTORY INFORMATION

| D & G Trucks 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

| The financial statements have been prepared under the historical cost convention and in accordance with Section 1A Small Entities of Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

| Level of rounding

| The figures presented in the financial statements are rounded to the nearest pound.

| Going concern

| The company continues to be confident about the outlook for the business, with the group remaining well positioned to deliver sustainable growth over the medium to long term. Customer trading activity remained buoyant throughout the year.

| The company has reported net current liabilities for the year ended 31 October 2024 amounting to (£280,911) \2023: (£281,744)\.

| The company meets its day-to-day working capital requirements through its bank and loan facilities. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

| 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.

| 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

| Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| Plant and machinery |  | -25% |  | -reducing balance |  |

| Motor vehicle |  | -10% |  | -reducing balance on light commercial vehicles |  |

|  | -5% |  | -reducing balance on heavy commercial vehicles |  |

| Fixtures & fittings |  | -15% |  | -on cost |  |

| Computer equipment |  | -20% |  | -on cost |  |

D & G TRUCKS LIMITED (REGISTERED NUMBER: 05669217)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 OCTOBER 2024

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| a) Debtors

| Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

| b) Creditors

| Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

| c) Cash at bank and in hand

| Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| d) Interest income

| Interest income is recognised in profit or loss using the effective interest method.

| 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.

D & G TRUCKS LIMITED (REGISTERED NUMBER: 05669217)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 OCTOBER 2024

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2023 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |  | Computer |

| machinery |  | fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 November 2023 | 167,746 |  | 48,500 |  | 1,482,924 |  | 13,232 |  | 1,712,402 |  |

| Additions | 26,486 |  | 128 |  | 11,648 |  | - |  | 38,262 |  |

| Disposals | - |  | - |  | (239,010 | ) | - |  | (239,010 | ) |

| At 31 October 2024 | 194,232 |  | 48,628 |  | 1,255,562 |  | 13,232 |  | 1,511,654 |  |

| DEPRECIATION

| At 1 November 2023 | 145,075 |  | 48,500 |  | 499,016 |  | 9,350 |  | 701,941 |  |

| Charge for year | 12,286 |  | 19 |  | 20,267 |  | 971 |  | 33,543 |  |

| Eliminated on disposal | - |  | - |  | (44,335 | ) | - |  | (44,335 | ) |

| At 31 October 2024 | 157,361 |  | 48,519 |  | 474,948 |  | 10,321 |  | 691,149 |  |

| NET BOOK VALUE

| At 31 October 2024 | 36,871 |  | 109 |  | 780,614 |  | 2,911 |  | 820,505 |  |

| At 31 October 2023 | 22,671 |  | - |  | 983,908 |  | 3,882 |  | 1,010,461 |  |

| The leased assets are generally classified as finance leases as the rental period amounts to the estimated useful economic life of the assets concerned and often the company has the right to purchase the assets outright at the end of the minimum lease term by paying a nominal amount.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.24 |  | 31.10.23

£ | £ |

| Trade debtors | 123,809 |  | 108,676 |  |

| Amounts owed by group undertakings | 705,103 |  | 393,484 |  |

| Other debtors | 216,927 |  | 115,432 |  |

1,045,839 |  | 617,592 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.10.24 |  | 31.10.23

£ | £ |

| Bank loans and overdrafts | 6,600 |  | 6,601 |  |

| Trade creditors | 205,791 |  | 59,450 |  |

| Amounts owed to group undertakings | 1,178,086 |  | 764,619 |  |

| Taxation and social security | 73,075 |  | 58,622 |  |

| Other creditors | 579,279 |  | 727,012 |  |

2,042,831 |  | 1,616,304 |  |

| Other creditors include directors loan of £491,230 (2023: £522,719).

D & G TRUCKS LIMITED (REGISTERED NUMBER: 05669217)

Notes to the Financial Statements - continued

FOR THE YEAR ENDED 31 OCTOBER 2024

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.10.24 |  | 31.10.23

£ | £ |

| Bank loans | 26,912 |  | 31,050 |  |

| Other creditors | 170,278 |  | 325,376 |  |

197,190 |  | 356,426 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.10.24 |  | 31.10.23

£ | £ |

| HP loans | 30,569 |  | 280,183 |  |

| The loans hold fixed & floating charges over certain assets of the company.

9. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr D G Harding.