T & S Vehicle Services Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—7

1. General Information

T & S Vehicle Services Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10182359 . The registered office is 6 South View, Nether Heyford , Northampton , NN7 3NH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	10 SL
Fixtures & Fittings	20 SL
Computer Equipment	20 SL

2.5. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or

losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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T & S Vehicle Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: )

4. Tax on Profit

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	19.0%	-	-	-
Deferred Tax
Deferred taxation			10,644	-


Total tax charge for the period			10,644	-

	2026	2025
	£	£
Profit before tax	35,189	-

Breakdown of tax charge is:
Tax on profit at 19% (UK standard rate)	6,686	-
Goodwill/depreciation not allowed for tax	1,815	-
Tax losses utilised	3,673	-
Capital allowances	(1,530 )	-

Total tax charge for the period	10,644	-

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T & S Vehicle Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

5. Intangible Assets

	Goodwill
	£
Cost
As at 1 June 2025	-
Additions	20,000

As at 31 May 2026	20,000

Amortisation
As at 1 June 2025	-
Provided during the period	1,500

As at 31 May 2026	1,500

Net Book Value
As at 31 May 2026	18,500

As at 1 June 2025	-

6. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 June 2025	-	-	-	-
Additions	15,750	48,175	149	64,074

As at 31 May 2026	15,750	48,175	149	64,074

Depreciation
As at 1 June 2025	-	-	-	-
Provided during the period	927	7,105	22	8,054

As at 31 May 2026	927	7,105	22	8,054

Net Book Value
As at 31 May 2026	14,823	41,070	127	56,020

As at 1 June 2025	-	-	-	-

7. Stocks

	2026	2025
	£	£
Stock	1,515	-

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T & S Vehicle Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	20,675	-
Other debtors	2,167	-

	22,842	-

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	781	-
Other loans	36,000	-
Other creditors	24,282	-
Taxation and social security	16,458	-

	77,521	-

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Other loans	27,150	-

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	10,644	-

12. Provisions for Liabilities


	Deferred Tax	Total
	£	£
Additions	10,644	10,644

Balance at 31 May 2026	10,644	10,644

13. Share Capital

£0.01 Ordinary Shares	50	0.50
£0.01 Ordinary B Shares	50	0.50
		1.00

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T & S Vehicle Services Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2026

14. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2026	2025
	£	£
Not later than one year	3,715	-
Later than one year and not later than five years	2,167	-

	5,882	-

15. Related Party Transactions

The loans from the directors, included in other creditors, amounted to £23,204 and are interest free and subject to repayment without notice.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		18,500		-
Tangible Assets	6		56,020		-

			74,520		-
CURRENT ASSETS
Stocks	7	1,515		-
Debtors	8	22,842		-
Cash at bank and in hand		32,384		1

		56,741		1
Creditors: Amounts Falling Due Within One Year	9	(77,521 )		-

NET CURRENT ASSETS (LIABILITIES)			(20,780 )		1

TOTAL ASSETS LESS CURRENT LIABILITIES			53,740		1

Creditors: Amounts Falling Due After More Than One Year	10		(27,150 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(10,644 )		-

NET ASSETS			15,946		1

CAPITAL AND RESERVES
Called up share capital	13		1		1
Profit and Loss Account			15,945		-

SHAREHOLDERS' FUNDS			15,946		1