REGISTERED NUMBER: 04396162 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

Taggs Truck Services Ltd

Previously known as

Peter Haines Engineers Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J K Tagg

Mrs A Tagg

REGISTERED OFFICE:

Thorpe Lane

Thorpe Road Industrial Estate

Banbury

Oxfordshire

OX16 4UT

REGISTERED NUMBER:

04396162 (England and Wales)

ACCOUNTANTS:

Attwoods

Chartered Certified Accountants

90-92 High Street

Evesham

Worcestershire

WR11 4EU

FIXED ASSETS

Intangible assets

4

4,800

6,000

Tangible assets

5

43,776

38,790

48,576

44,790

CURRENT ASSETS

Stocks

58,124

55,318

Debtors

499,798

385,658

Cash at bank and in hand

234,229

343,490

792,151

784,466

CREDITORS

Amounts falling due within one year

200,334

276,324

NET CURRENT ASSETS

591,817

508,142

TOTAL ASSETS LESS CURRENT LIABILITIES

640,393

552,932

PROVISIONS FOR LIABILITIES

10,944

9,698

NET ASSETS

629,449

543,234

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

629,349

543,134

629,449

543,234

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.

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 1 October 2026 and were signed on its behalf by:

Mrs A Tagg - Director

J K Tagg - Director

1.	STATUTORY INFORMATION

Taggs Truck Services 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.

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.

Changes in accounting policies

Goodwill acquired in 2002 is now being amortised over an estimated useful life of 10 years from the start of the financial year ended 31 March 2021.

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, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Improvements to property

-

20% on reducing balance

Plant and machinery

-

25% on reducing balance and 10% on cost

Motor vehicles

-

20% on cost and 10% on cost

Computer equipment

-

25% on reducing balance and 10% on cost

Stocks

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

and 31 March 2026

12,000

AMORTISATION

At 1 April 2025

6,000

Amortisation for year

1,200

At 31 March 2026

7,200

NET BOOK VALUE

At 31 March 2026

4,800

At 31 March 2025

6,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2025

190,117

Additions

16,687

Disposals

(3,490

)

At 31 March 2026

203,314

DEPRECIATION

At 1 April 2025

151,327

Charge for year

11,656

Eliminated on disposal

(3,445

)

At 31 March 2026

159,538

NET BOOK VALUE

At 31 March 2026

43,776

At 31 March 2025

38,790

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.3.26

31.3.25

£

£

Within one year

4,200

29,200

Between one and five years

15,400

19,600

19,600

48,800

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.26

31.3.25

£

£

Other loans

-

52,500

Other loans are secured by:

A fixed charge on all future freehold or leasehold properties;

A fixed equitable charge on all estates or interests in all present and future freehold or leasehold properties.

A fixed charge on all plant, machinery, vehicles, furniture and office equipment now or in the future.

A fixed charge on all stocks, share and other securities now or in the future.

A fixed charge on the goodwill and uncalled capital; and a floating charge all other present and future assets.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Tagg's Truck Holdings Limited.

The ultimate controlling party is Mr J K Tagg and Mrs A Tagg.