Registration number: 01841200

Graham Edwards Trailers Limited

(Registration number: 01841200)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	452,531	494,416
Current assets
Stocks	6	1,789,432	1,794,601
Debtors	7	568,233	694,368
Cash at bank and in hand		-	102
		2,357,665	2,489,071
Creditors: Amounts falling due within one year	8	(1,556,191)	(1,652,344)
Net current assets		801,474	836,727
Total assets less current liabilities		1,254,005	1,331,143
Creditors: Amounts falling due after more than one year	8	(56,560)	(194,949)
Provisions for liabilities		(113,133)	(123,606)
Net assets		1,084,312	1,012,588
Capital and reserves
Called up share capital		28,200	28,200
Profit and loss account		1,056,112	984,388
Total equity		1,084,312	1,012,588

Graham Edwards Trailers Limited

(Registration number: 01841200)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 November 2025 and signed on its behalf by:
 

......................................... M B Edwards Director

Graham Edwards Trailers Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Moor Lane
Full Sutton
YORK
YO41 1HX

These financial statements were authorised for issue by the Board on 12 November 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of trailers and parts in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Graham Edwards Trailers Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Buildings and building alterations	4% straight line
Plant and machinery	20% reducing balance
Office furniture	20% reducing balance
Motor vehicles	20% reducing balance
IT equipment	25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years straight line
Website	5 years straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Graham Edwards Trailers Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is
presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2024 - 34).

Graham Edwards Trailers Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

4	Intangible assets

	Goodwill  £	Website £	Total £
Cost or valuation
At 1 April 2024	4,000	8,500	12,500
At 31 March 2025	4,000	8,500	12,500
Amortisation
At 1 April 2024	4,000	8,500	12,500
At 31 March 2025	4,000	8,500	12,500
Carrying amount
At 31 March 2025	-	-	-

5	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	481,662	607,255	103,646	1,192,563
Additions	-	22,220	-	22,220
At 31 March 2025	481,662	629,475	103,646	1,214,783
Depreciation
At 1 April 2024	212,741	420,021	65,385	698,147
Charge for the year	12,429	44,023	7,653	64,105
At 31 March 2025	225,170	464,044	73,038	762,252
Carrying amount
At 31 March 2025	256,492	165,431	30,608	452,531
At 31 March 2024	268,921	187,234	38,261	494,416

6

Stocks

	2025 £	2024 £
Other inventories	1,789,432	1,794,601

Graham Edwards Trailers Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

7

Debtors

Current	2025 £	2024 £
Trade debtors	563,196	678,158
Prepayments	5,037	16,210
	568,233	694,368

8

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Bank loans and overdrafts	9	291,093	296,899
Trade creditors		948,060	1,120,282
Amounts owed to related parties	10	99,791	100,416
Taxation and social security		139,822	85,033
Other creditors		77,425	49,714
		1,556,191	1,652,344
Due after one year
Loans and borrowings	9	56,560	194,949

Graham Edwards Trailers Limited

Notes to the Financial Statements for the Year Ended 31 March 2025

9	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Bank borrowings	30,105	135,612
Finance lease liabilities	26,455	59,337
	56,560	194,949

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	105,506	93,951
Bank overdrafts	137,824	160,626
Finance lease liabilities	47,763	42,322
	291,093	296,899

10	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	100,416	100,416
At end of period	100,416	100,416

2024	Key management £	Total £
At start of period	99,089	99,089
Advanced	1,327	1,327
At end of period	100,416	100,416

Terms of loans from related parties

The loans are interest free and repayable on demand.