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Registration number: 05434192

Ipswich Truck Services Limited
Annual Report and Unaudited Financial Statements
Pages for filing with the Registrar
for the Year Ended 30 April 2025

Ipswich Truck Services Limited

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3 to 4
Statement of Changes in Equity | 5
Notes to the Unaudited Financial Statements | 6 to 12

Ipswich Truck Services Limited

Company Information

Directors | Mr C Canham Mr S J Canham

Registered office | Addison Way Great Blakenham Ipswch Suffolk IP6 0RL

Accountants | Oxlade & Bond Limited Chartered Certified AccountantsUnit 14, Riduna Park Station Road Melton Woodbridge Suffolk IP12 1QT

Chartered Certified Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Ipswich Truck Services Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ipswich Truck Services Limited for the year ended 30 April 2025 as set out on pages 3 to 12 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Ipswich Truck Services Limited, as a body, in accordance with the terms of our engagement letter dated 12 November 2024. Our work has been undertaken solely to prepare for your approval the accounts of Ipswich Truck Services Limited and state those matters that we have agreed to state to the Board of Directors of Ipswich Truck Services Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ipswich Truck Services Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Ipswich Truck Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Ipswich Truck Services Limited. You consider that Ipswich Truck Services 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 accounts of Ipswich Truck Services 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 accounts.

......................................
Oxlade & Bond Limited
Chartered Certified Accountants
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

22 January 2026

Ipswich Truck Services Limited

(Registration number: 05434192)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 134,286 | 118,912
Current assets |  |  |
Stocks | 6 | 8,000 | 10,195
Debtors | 7 | 414,466 | 365,957
Cash at bank and in hand |  | 490,674 | 453,173
|  | 913,140 | 829,325
Creditors: Amounts falling due within one year | 8 | (303,494) | (186,317)
Net current assets |  | 609,646 | 643,008
Total assets less current liabilities |  | 743,932 | 761,920
Provisions for liabilities (deferred taxation) |  | (30,925) | (27,930)
Net assets |  | 713,007 | 733,990
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Profit and loss account |  | 712,907 | 733,890
Total equity |  | 713,007 | 733,990

Ipswich Truck Services Limited

(Registration number: 05434192)
Balance Sheet as at 30 April 2025

For the financial year ending 30 April 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 22 January 2026 and signed on its behalf by:

......................................... Mr C Canham Director

Ipswich Truck Services Limited

Statement of Changes in Equity for the Year Ended 30 April 2025

| Called up share capital £ | Profit and loss account £ | Total equity £
At 1 May 2024 | 100 | 733,890 | 733,990
Profit for the year | - | 46,017 | 46,017
Total comprehensive income | - | 46,017 | 46,017
Dividends | - | (67,000) | (67,000)
At 30 April 2025 | 100 | 712,907 | 713,007

| Called up share capital £ | Profit and loss account £ | Total equity £
At 1 May 2023 | 100 | 641,076 | 641,176
Profit for the year | - | 146,980 | 146,980
Total comprehensive income | - | 146,980 | 146,980
Dividends | - | (54,166) | (54,166)
At 30 April 2024 | 100 | 733,890 | 733,990

Ipswich Truck Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
Addison Way
Great Blakenham
Ipswch
Suffolk
IP6 0RL

These financial statements were authorised for issue by the Board on 22 January 2026.

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.

The financial statements are prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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.

Ipswich Truck Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises current and deferred 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.

The current corporation 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 over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% reducing balance basis
Plant and machinery | 25% reducing balance basis
Office building | write off cost over 15 years

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | fully amortised

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.

Ipswich Truck Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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. Stocks relate to the value of parts held at the accounting year end.
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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Ipswich Truck Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the profit and loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2024 - 8).

Ipswich Truck Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost
At 1 May 2024 | 12,000 | 12,000
At 30 April 2025 | 12,000 | 12,000
Amortisation
At 1 May 2024 | 12,000 | 12,000
At 30 April 2025 | 12,000 | 12,000
Carrying amount
At 30 April 2025 | - | -

5 | Tangible assets

| Office building £ | Motor vehicles £ | Plant and machinery £ | Total £
Cost
At 1 May 2024 | 12,700 | 45,517 | 148,500 | 206,717
Additions | 4,450 | 16,500 | 34,523 | 55,473
Disposals | - | - | (4,134) | (4,134)
At 30 April 2025 | 17,150 | 62,017 | 178,889 | 258,056
Depreciation
At 1 May 2024 | 5,499 | 15,248 | 67,058 | 87,805
Charge for the year | 1,068 | 9,567 | 25,330 | 35,965
At 30 April 2025 | 6,567 | 24,815 | 92,388 | 123,770
Carrying amount
At 30 April 2025 | 10,583 | 37,202 | 86,501 | 134,286
At 30 April 2024 | 7,201 | 30,269 | 81,442 | 118,912

6 | Stocks

| 2025 £ | 2024 £
Other inventories | 8,000 | 10,195

Ipswich Truck Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Debtors

| 2025 £ | 2024 £
Trade debtors | 286,503 | 285,621
Prepayments | 72,915 | 22,114
Other debtors | 55,048 | 58,222
| 414,466 | 365,957

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 129,329 | 69,298
Taxation and social security | 127,076 | 101,612
Accruals and deferred income | 35,467 | 10,700
Other creditors | 11,622 | 4,707
| 303,494 | 186,317

9 | Reserves

The profit and loss reserves of the company are wholly distributable.

10 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £670.00 (2024 - £541.67) per ordinary share |  | 67,000 |  | 54,167

Ipswich Truck Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

11 | Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £2,381,394 (2024 - £78,516). The commitments not included in the balance sheet relate to the operating lease commitments in respect of the total rent payments payable by the company to the end of the current leases on lease agreements for the rental of the sites from which the company operates and leases on various equipment used by the business
The property lease commitments at year end are £2,286,750 and the equipment lease commitments are £94,644.

12 | Related party transactions

Other transactions with directors

Included in other debtors at 30th April 2025 is the sum of £nil (2024 £20,022) in respect of monies advanced as a loan and owed to the company by a UK registered trading company known as DJ Spall Recovery Ltd.
This loan was repaid to Ipswich Truck Services Limited in July 2024.
DJ Spall Recovery Ltd had a principal activity of vehicle recovery services and ceased to trade in 2024.
The Director C Canham was also a director in DJ Spall Recovery Ltd and he owns 25% of the issued share capital in the company. The Director S Canham was also a director in DJ Spall Recovery Ltd and he owns 75% of the issued share capital in the company.