FAW Trucks UK Limited 31/10/2025 iXBRL

Company registration number: 09243167

FAW Trucks UK Limited

Unaudited filleted abridged financial statements

31 October 2025

FAW Trucks UK Limited

Contents

Directors and other information

Abridged balance sheet

Notes to the financial statements

FAW Trucks UK Limited

Directors and other information


Directors	Mr Tony Collins
	Mrs Mary Collins	(Appointed 20 May 2025)(Resigned 4 March 2026)


Company number	09243167


Registered office	384 Linthorpe Road
	Middlesbrough
	TS5 6HA


Business address	Unit 3b
	Cadcam Business Centre
	High Force Road
	Middlesbrough
	TS2 1RH


Accountants	Chipchase Manners
	384 Linthorpe Road
	Middlesbrough
	TS5 6HA

FAW Trucks UK Limited

Abridged Balance sheet

31 October 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	119,527		108,655
		_______		_______
			119,527		108,655

Current assets
Cash at bank and in hand		2,829		3,143
		_______		_______
		2,829		3,143
Creditors: amounts falling due
within one year		( 72,420)		( 75,067)
		_______		_______
Net current liabilities			( 69,591)		( 71,924)
			_______		_______
Total assets less current liabilities			49,936		36,731

Creditors: amounts falling due
after more than one year			( 37,645)		( 27,877)
			_______		_______
Net assets			12,291		8,854
			_______		_______

Capital and reserves
Called up share capital	6		400,000		400,000
Profit and loss account			( 387,709)		( 391,146)
			_______		_______
Shareholders funds			12,291		8,854
			_______		_______

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit and loss account has not been delivered.

All of the members have consented to the preparation of the Profit and loss account and the abridged Balance sheet for the current year ending 31 October 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 28 October 2026 , and are signed on behalf of the board by:

Mr Tony Collins

Director

Company registration number: 09243167

FAW Trucks UK Limited

Notes to the financial statements

Year ended 31 October 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 384 Linthorpe Road, Middlesbrough, TS5 6HA.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Changes in accounting estimates

During the year, the directors reviewed the estimated useful economic lives of the company's commercial vehicles and revised these from five years to eight years to better reflect their expected period of use. The revised estimates have been applied prospectively in the current year. Had the previous estimates continued to apply, the net book value of motor vehicles at the year end would have been £98,772.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	12.5 %	straight line
Website costs	-	25 %	straight line

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Hire purchase and finance leases

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets


		£
	Cost
	At 1 November 2024	437,730
	Additions	60,500
	Disposals	( 44,790)
		_______
	At 31 October 2025	453,440
		_______
	Depreciation
	At 1 November 2024	329,075
	Charge for the year	29,263
	Disposals	( 24,425)
		_______
	At 31 October 2025	333,913
		_______
	Carrying amount
	At 31 October 2025	119,527
		_______
	At 31 October 2024	108,655
		_______

6. Called up share capital

Authorised share capital

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	400,000	400,000	400,000	400,000
	_______	_______	_______	_______

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares shares of £ 1.00 each	400,000	400,000	400,000	400,000
	_______	_______	_______	_______

7. Directors advances, credits and guarantees

There were no directors advances, credits or guarantees during the year.