Pace Services Truck Sales Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08840393

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		100,750		139,750
Tangible Assets	5		83,027		59,528

			183,777		199,278
CURRENT ASSETS
Stocks	6	76,755		63,500
Debtors	7	13,052		137,097
Cash at bank and in hand		648,735		516,978

		738,542		717,575
Creditors: Amounts Falling Due Within One Year	8	(59,792 )		(109,194 )

NET CURRENT ASSETS (LIABILITIES)			678,750		608,381

TOTAL ASSETS LESS CURRENT LIABILITIES			862,527		807,659

NET ASSETS			862,527		807,659

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			862,427		807,559

SHAREHOLDERS' FUNDS			862,527		807,659

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Pace Services Truck Sales Limited

Balance Sheet (continued)

As At 31 January 2026

For the year ending 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

The financial statements were approved by the board of directors on 17 August 2026 and were signed on its behalf by:

C E Scotchings

Director

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Pace Services Truck Sales Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08840393 . The registered office is 2nd Floor, 1 Church Square, Leighton Buzzard, Bedfordshire, LU7 1AE.

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.

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 4 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:

Plant & Machinery	25% reducing balance
Motor Vehicles	25% reducing balance
Computer Equipment	25% straight line

2.5. Stocks and Work in Progress

Stocks is valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

3. Average Number of Employees

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

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 February 2025	156,000

As at 31 January 2026	156,000

Amortisation
As at 1 February 2025	16,250
Provided during the period	39,000

As at 31 January 2026	55,250

Net Book Value
As at 31 January 2026	100,750

As at 1 February 2025	139,750

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Pace Services Truck Sales Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 February 2025	65,798
Additions	47,235
Disposals	(5,500 )

As at 31 January 2026	107,533

Depreciation
As at 1 February 2025	6,270
Provided during the period	21,107
Disposals	(2,871 )

As at 31 January 2026	24,506

Net Book Value
As at 31 January 2026	83,027

As at 1 February 2025	59,528

6. Stocks

	2026	2025
	£	£
Stock	76,755	63,500

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	2,064	115,313
Other debtors	10,988	21,784

	13,052	137,097

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	8,028	97,714
Bank loans and overdrafts	428	999
Other creditors	19,213	2,405
Taxation and social security	32,123	8,076

	59,792	109,194

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Pace Services Truck Sales Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 February 2025	Amounts advanced	Amounts repaid	Amounts written off	As at 31 January 2026
	£	£	£	£	£
Mrs Suzanne Scotchings	6,490	-	6,490	-	-
Mr Clifford Scotchings	6,490	-	6,490	-	-

The above loans are unsecured, repayable on demand and interest is charged at the official rate.

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