REGISTERED NUMBER: 07695297 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

Staines Trailers Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr E J Staines

REGISTERED OFFICE:

Huntshaw Barton Yard

Huntshaw

Torrington

Devon

EX38 7HH

REGISTERED NUMBER:

07695297 (England and Wales)

ACCOUNTANTS:

R T Marke & Co Ltd

Chartered Accountants

69 High Street

Bideford

Devon

EX39 2AT

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

302,176

376,792

302,176

376,792

CURRENT ASSETS

Stocks

671,856

692,567

Debtors

66,224

134,904

Cash at bank

4,152

5,724

742,232

833,195

CREDITORS

Amounts falling due within one year

468,325

462,287

NET CURRENT ASSETS

273,907

370,908

TOTAL ASSETS LESS CURRENT LIABILITIES

576,083

747,700

CREDITORS

Amounts falling due after more than one year

(358,532

)

(439,754

)

PROVISIONS FOR LIABILITIES

(43,605

)

(59,148

)

NET ASSETS

173,946

248,798

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

173,945

248,797

SHAREHOLDERS' FUNDS

173,946

248,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 November 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 July 2026 and were signed by:

Mr E J Staines - Director

1.	STATUTORY INFORMATION

Staines Trailers Ltd 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 presentation currency of the financial statements is the Pound Sterling (£).

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. There were no material departures from that standard.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

The principal accounting policies adopted in the preparation of the financial statements are set out below and remain unchanged from the previous period, and also have been consistently applied within the same accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill representing the excess of the purchase price over the fair value of the net assets of undertakings acquired is capitalised in the balance sheet and is amortised by equal annual instalments over the expected useful economic life of 1 year.

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

-

nil on land

Improvements to property

-

10% straight line

Plant and machinery

-

20% in year one, 10% reducing balance

Fixtures and fittings

-

20% straight line

Motor vehicles

-

25% on reducing balance

Equipment, fixtures and fittings

-

20% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Government grants

Government grants in respect of capital expenditure are treated as deferred income and are credited to the profit and loss account over the estimated useful life of the assets to which they relate.

Government grants in respect of revenue items are credited to the profit and loss account when they are receivable.

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Financial instruments

Basic financial instruments with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern

Having regard to the company's anticipated future revenues and costs including repayment of debt where appropriate, together with the expected availability of working capital, the director considers that it is appropriate to prepare the financial statements on the going concern basis.

4.	EMPLOYEES AND DIRECTORS

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

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2024

and 30 November 2025

22,678

AMORTISATION

At 1 December 2024

and 30 November 2025

22,678

NET BOOK VALUE

At 30 November 2025

-

At 30 November 2024

-

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 December 2024

675,140

Additions

4,217

Disposals

(80,975

)

At 30 November 2025

598,382

DEPRECIATION

At 1 December 2024

298,348

Charge for year

36,497

Eliminated on disposal

(38,639

)

At 30 November 2025

296,206

NET BOOK VALUE

At 30 November 2025

302,176

At 30 November 2024

376,792

Included in cost of land and buildings is freehold land of £ 91,805 (2024 - £ 91,805 ) which is not depreciated.

7.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

10,935

32,805

Between one and five years

-

10,935

10,935

43,740

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

13,796

24,083

Other loans

415,000

475,000

Hire purchase contracts

10,935

43,740

439,731

542,823

Bank loans and overdrafts are secured by fixed and floating charges over the company's assets.

Secured other loans are secured by a fixed and floating charge on the property and assets of the company.

The hire purchase contracts and finance leases are secured over the assets to which they relate.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

10.	CONTINGENT LIABILITIES

The company has provided guarantees for hire purchase and other borrowing obligations of related companies totalling £5,386,762 at the balance sheet date. Certain of these obligations are secured by a second charge over land and buildings held within stock of the company at the balance sheet date.