Truck Tech (NE) Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 9

Truck Tech (NE) Ltd

Company Information

Directors

Gary Brown Christopher Brown

Registered office

Stapylton Street Bolkow Ind Est Middlesbrough TS6 7BH

Accountants

Chuhan and Singh Partnership Limited Chartered Accountants81 Borough Road Middlesbrough TS1 3AA

Truck Tech (NE) Ltd

(Registration number: 5958578)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	150,916	172,103
Current assets
Stocks	5	1,000	1,000
Debtors	6	41,935	50,294
Cash at bank and in hand		11,338	31,529
		54,273	82,823
Creditors: Amounts falling due within one year	7	(81,109)	(81,709)
Net current (liabilities)/assets		(26,836)	1,114
Total assets less current liabilities		124,080	173,217
Creditors: Amounts falling due after more than one year	7	(30,830)	(29,221)
Provisions for liabilities		(39,852)	(39,852)
Net assets		53,398	104,144
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		52,398	103,144
Shareholders' funds		53,398	104,144

Truck Tech (NE) Ltd

(Registration number: 5958578)
Balance Sheet as at 31 July 2025 (continued)

For the financial year ending 31 July 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 17 November 2025 and signed on its behalf by:
 

......................................... Christopher Brown Director

Truck Tech (NE) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Stapylton Street
Bolkow Ind Est
Middlesbrough
TS6 7BH

These financial statements were authorised for issue by the Board on 17 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Truck Tech (NE) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Truck Tech (NE) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

Truck Tech (NE) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4	Tangible assets

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Office equipment £
Cost or valuation
At 1 August 2024	69,838	2,328	113,035	3,188
Additions	-	-	1,695	-
Disposals	-	-	-	-
At 31 July 2025	69,838	2,328	114,730	3,188
Depreciation
At 1 August 2024	63,977	2,328	87,846	1,360
Charge for the year	3,388	-	6,721	638
Eliminated on disposal	-	-	-	-
At 31 July 2025	67,365	2,328	94,567	1,998
Carrying amount
At 31 July 2025	2,473	-	20,163	1,190
At 31 July 2024	5,859	-	25,189	1,828

Truck Tech (NE) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4	Tangible assets (continued)

	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	419,207	607,596
Additions	32,850	34,545
Disposals	(14,945)	(14,945)
At 31 July 2025	437,112	627,196
Depreciation
At 1 August 2024	279,980	435,491
Charge for the year	42,653	53,400
Eliminated on disposal	(12,611)	(12,611)
At 31 July 2025	310,022	476,280
Carrying amount
At 31 July 2025	127,090	150,916
At 31 July 2024	139,227	172,103

Included within the net book value of land and buildings above is £2,473 (2024 - £5,859) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Stock	1,000	1,000

6

Debtors

Current	2025 £	2024 £
Trade debtors	38,002	46,362
Prepayments	3,933	3,932
	41,935	50,294

Truck Tech (NE) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		27,832	20,977
Trade creditors		20,133	19,633
Taxation and social security		23,345	37,170
Accruals and deferred income		8,540	2,274
Other creditors		1,259	1,655
		81,109	81,709

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		30,830	29,221