REGISTERED NUMBER: 04131410 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

THE ASSOCIATION OF INDUSTRIAL TRUCK

TRAINERS

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Ambridge

L Knight

REGISTERED OFFICE:

Unit 4

Grange Farm Business Park

Grange Road

Hugglescote

Leicestershire

LE67 2BT

REGISTERED NUMBER:

04131410 (England and Wales)

AUDITORS:

Cottons Accountants LLP

Chestnut Field House

Chestnut Field

Rugby

CV21 2PD

FIXED ASSETS

Tangible assets

5

11,311

11,960

CURRENT ASSETS

Stocks

1,754

1,754

Debtors

6

27,768

26,105

Cash at bank and in hand

446,857

420,412

476,379

448,271

CREDITORS

Amounts falling due within one year

7

55,353

57,126

NET CURRENT ASSETS

421,026

391,145

TOTAL ASSETS LESS CURRENT LIABILITIES

432,337

403,105

PROVISIONS FOR LIABILITIES

8

2,803

2,249

NET ASSETS

429,534

400,856

RESERVES

Retained earnings

9

429,534

400,856

429,534

400,856

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 7 August 2026 and were signed on its behalf by:

L Knight - Director

S Ambridge - Director

1.	STATUTORY INFORMATION

The Association of Industrial Truck Trainers is a private company limited by guarantee, 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 is the Pond 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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Critical accounting judgements and key sources of estimation uncertainty

In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered relevant, Actual results may differ from these estimates.

Turnover

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

The company has a number of key income streams:

- Monitoring, training and accreditation services

Income is recognised on completion of the service

- Membership income

Income is recognised over the course of the membership period

- Registration fees

Income is recognised when registrations/certificates become due and are issued

- Sale of publications and goods

Income is recognised on delivery

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Financial assets

Receivables are stated at amortised cost using the effective interest rate method. A provision for impairment of receivables is established where there is objective evidence that the company will not be able to collect all amounts due according to the original terms of payment. Receivables are considered for impairment on a case by case basis and any provision is based on the directors' assessment of the amount recoverable on each receivable.

Financial liabilities

The company's financial liabilities include trade and other payables, which are measured at amortised cost using the effective interest rate method. Financial liabilities are recognised when the company becomes a party to the contractual agreements of the instrument. Interest-related charges are recognised as an expense in the period in which they are incurred.

Cash and cash equivalents

Cash and cash equivalents includes cash in hand, deposits held at call with banks, other short-term highly liquid investments with original maturities of three months or less, and bank overdrafts.

Taxation

Taxation for the year 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 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2025

46,994

Additions

1,347

At 31 December 2025

48,341

DEPRECIATION

At 1 January 2025

35,034

Charge for year

1,996

At 31 December 2025

37,030

NET BOOK VALUE

At 31 December 2025

11,311

At 31 December 2024

11,960

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

26,964

23,163

Bad debt provision

(969

)

(969

)

Prepayments

1,773

3,911

27,768

26,105

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

25,310

18,035

Tax

7,004

11,925

Social security and other taxes

5,214

4,352

VAT

3,132

3,764

Accrued expenses

14,693

19,050

55,353

57,126

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

2,803

2,249

Deferred

tax

£

Balance at 1 January 2025

2,249

Provided during year

554

Balance at 31 December 2025

2,803

9.

RESERVES

Retained

earnings

£

At 1 January 2025

400,856

Profit for the year

28,678

At 31 December 2025

429,534

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Callum Veasey ACA (Senior Statutory Auditor)

for and on behalf of Cottons Accountants LLP