REGISTERED NUMBER: 05682816 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

TECH TRUCKS UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

10

DIRECTOR:

M Evans

REGISTERED OFFICE:

6B North

The Old Sawmills

Eardisley

Herefordshire

HR3 6NR

REGISTERED NUMBER:

05682816 (England and Wales)

ACCOUNTANTS:

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

FIXED ASSETS

Tangible assets

5

2,257,664

2,284,788

CURRENT ASSETS

Stocks

263,047

371,483

Debtors

6

1,225,178

917,103

Cash at bank and in hand

178,403

197,384

1,666,628

1,485,970

CREDITORS

Amounts falling due within one year

7

875,017

612,790

NET CURRENT ASSETS

791,611

873,180

TOTAL ASSETS LESS CURRENT LIABILITIES

3,049,275

3,157,968

CREDITORS

Amounts falling due after more than one year

8

(507,113

)

(664,809

)

PROVISIONS FOR LIABILITIES

(228,646

)

(183,200

)

NET ASSETS

2,313,516

2,309,959

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

2,312,516

2,308,959

SHAREHOLDERS' FUNDS

2,313,516

2,309,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 16 December 2025 and were signed by:

M Evans - Director

1.	STATUTORY INFORMATION

Tech Trucks UK 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention. The accounts have been prepared on a going concern basis.

The financial statements are presented in Sterling (£) rounded to the nearest £1.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

not provided

Plant and machinery

-

15% on cost

Heavy vehicles

-

5% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

33% on cost

Depreciation has not been provided in respect of freehold property. The director considers this accounting policy, which represents a departure from the statutory accounting rules, to be necessary for the financial statements to show a true & fair view.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.

Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price and subsequently carried at amortised cost with an assessment for objective evidence of impairment. Any impairment is recognised in profit and loss.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards or control of the ownership of the asset are transferred to another party.

Basic financial liabilities including trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

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.

Pension costs and other post-retirement benefits

Payments in respect of other post-retirement benefits are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 24 ) .

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Heavy

property

machinery

vehicles

£

£

£

COST

At 1 April 2024

1,309,908

627,686

331,002

Additions

23,624

378,013

-

Disposals

-

(96,096

)

(331,002

)

At 31 March 2025

1,333,532

909,603

-

DEPRECIATION

At 1 April 2024

-

367,672

11,381

Charge for year

-

81,681

-

Eliminated on disposal

-

(93,796

)

(11,381

)

At 31 March 2025

-

355,557

-

NET BOOK VALUE

At 31 March 2025

1,333,532

554,046

-

At 31 March 2024

1,309,908

260,014

319,621

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 April 2024

580,248

62,761

2,911,605

Additions

169,766

1,138

572,541

Disposals

(150,236

)

(15,467

)

(592,801

)

At 31 March 2025

599,778

48,432

2,891,345

DEPRECIATION

At 1 April 2024

189,825

57,939

626,817

Charge for year

92,621

1,512

175,814

Eliminated on disposal

(50,750

)

(13,023

)

(168,950

)

At 31 March 2025

231,696

46,428

633,681

NET BOOK VALUE

At 31 March 2025

368,082

2,004

2,257,664

At 31 March 2024

390,423

4,822

2,284,788

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 April 2024

-

121,769

121,769

Additions

208,123

47,033

255,156

At 31 March 2025

208,123

168,802

376,925

DEPRECIATION

At 1 April 2024

-

16,164

16,164

Charge for year

5,902

29,268

35,170

At 31 March 2025

5,902

45,432

51,334

NET BOOK VALUE

At 31 March 2025

202,221

123,370

325,591

At 31 March 2024

-

105,605

105,605

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

623,374

234,881

Other debtors

566,524

656,474

Prepayments

35,280

25,748

1,225,178

917,103

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Mortgage < 1 year

84,474

98,727

Bounce back loan

10,354

10,098

Hire purchase contracts (see note 9)

82,893

151,294

Trade creditors

411,599

231,869

Tax

64,121

-

Social security and other taxes

39,223

17,675

VAT

116,314

48,379

Other creditors

10,167

28,956

Directors' current accounts

30,622

18,622

Accrued expenses

25,250

7,170

875,017

612,790

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Mortgage 2 - 5 years

83,000

194,801

Mortgage over 5 years

203,035

265,100

Bounce back loan

6,160

16,514

Hire purchase contracts (see note 9)

214,918

188,394

507,113

664,809

Amounts falling due in more than five years:

Repayable by instalments

Mortgage over 5 years

203,035

265,100

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Net obligations repayable:

Within one year

82,893

151,294

Between one and five years

214,918

188,394

297,811

339,688

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

30,000

-

Between one and five years

92,500

-

122,500

-

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

370,509

558,628

Hire purchase contracts

297,811

339,688

668,320

898,316

Long term loans are secured by fixed charges over properties owned by the company.

The hire purchase contracts are secured on the assets to which they relate.

11.	RELATED PARTY DISCLOSURES

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.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Tech Trucks UK Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Tech Trucks UK Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Tech Trucks UK Limited and state those matters that we have agreed to state to the director of Tech Trucks UK Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Tech Trucks UK Limited and its director for our work or for this report.

It is your duty to ensure that Tech Trucks UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Tech Trucks UK Limited. You consider that Tech Trucks UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Tech Trucks UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

D.R.E. & Co. Limited

Chartered Accountants

Number 5

The Business Quarter

Eco Park Road

Ludlow

Shropshire

SY8 1FD

17 December 2025