REGISTERED NUMBER: 01904973 (England and Wales)

Trailer Services Limited

Financial Statements

for the Period 31 March 2024 to 29 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr L A Marsh

Mr R M Marsh

REGISTERED OFFICE:

33 George Street

Wakefield

West Yorkshire

WF1 1LX

REGISTERED NUMBER:

01904973 (England and Wales)

ACCOUNTANTS:

SMH Jolliffe Cork Ltd

Accountants & Business Advisors

33 George Street

Wakefield

West Yorkshire

WF1 1LX

BANKERS:

HSBC Bank PLC

66 Westgate

Wakefield

WF1 1XB

FIXED ASSETS

Tangible assets

4

-

2,815

Investment property

5

705,000

342,000

705,000

344,815

CURRENT ASSETS

Debtors

6

10,730

7,798

CREDITORS

Amounts falling due within one year

7

312,265

350,989

NET CURRENT LIABILITIES

(301,535

)

(343,191

)

TOTAL ASSETS LESS CURRENT LIABILITIES

403,465

1,624

PROVISIONS FOR LIABILITIES

90,404

720

NET ASSETS

313,061

904

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

9

312,661

504

SHAREHOLDERS' FUNDS

313,061

904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 March 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 June 2026 and were signed on its behalf by:

Mr L A Marsh - Director

Mr R M Marsh - Director

1.	STATUTORY INFORMATION

Trailer Services 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.

The company's functional and presentation currency is the pound sterling £. All financial information presented has been rounded to the nearest £, unless otherwise stated.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles & Plant

-

25% on reducing balance

All fixed assets are initially recorded at cost.

Investment property

Investment property comprises land and is measured at fair value. The fair value has been determined by the directors having taken appropriate professional advice. Changes in fair value are recognised in profit or loss.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

& Plant

£

COST

At 31 March 2024

5,000

Disposals

(5,000

)

At 29 March 2025

-

DEPRECIATION

At 31 March 2024

2,185

Eliminated on disposal

(2,185

)

At 29 March 2025

-

NET BOOK VALUE

At 29 March 2025

-

At 30 March 2024

2,815

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 31 March 2024

342,000

Revaluations

363,000

At 29 March 2025

705,000

NET BOOK VALUE

At 29 March 2025

705,000

At 30 March 2024

342,000

Fair value at 29 March 2025 is represented by:

£

Valuation in 2025

363,000

Cost

342,000

705,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,730

7,798

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

21,489

27,543

Trade creditors

3,024

5,595

Tax

18,513

16,569

VAT

11,479

10,902

Other creditors

229,390

-

Directors' current accounts

-

285,862

Accruals and deferred income

28,370

4,518

312,265

350,989

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

21,489

27,543

9.

RESERVES

Retained

earnings

£

At 31 March 2024

504

Profit for the period

312,157

At 29 March 2025

312,661

Included within retained earnings at 30 March 2025 is an amount of £272,596 (2024: £Nil) which is not distributable. This related to an accumulated increase in the fair value of investment property held by the company, net of deferred tax.