Trailertrans (Europe) Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 01886995 (England and Wales)

TRAILERTRANS (EUROPE) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

Page

Company Information

1

Chartered Certified Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

J A Frow

REGISTERED OFFICE:

Eastfield Road

South Killingholme

Immingham

North Lincolnshire

DN40 3DQ

REGISTERED NUMBER:

01886995 (England and Wales)

ACCOUNTANTS:

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Trailertrans (Europe) Limited for the year ended 31st March 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Trailertrans (Europe) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Trailertrans (Europe) Limited and state those matters that we have agreed to state to the director of Trailertrans (Europe) Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Trailertrans (Europe) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Trailertrans (Europe) Limited. You consider that Trailertrans (Europe) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Trailertrans (Europe) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Weaver Wroot

28 Dudley Street

Grimsby

N E Lincolnshire

DN31 2AB

18th September 2023

FIXED ASSETS

Tangible assets

4

281,125

160,140

Investments

5

41,314

41,314

322,439

201,454

CURRENT ASSETS

Debtors

6

609,281

826,085

Cash at bank and in hand

243,164

263,304

852,445

1,089,389

CREDITORS

Amounts falling due within one year

7

496,074

716,157

NET CURRENT ASSETS

356,371

373,232

TOTAL ASSETS LESS CURRENT LIABILITIES

678,810

574,686

PROVISIONS FOR LIABILITIES

35,950

13,622

NET ASSETS

642,860

561,064

CAPITAL AND RESERVES

Called up share capital

2,648

2,648

Capital redemption reserve

360

360

Retained earnings

639,852

558,056

SHAREHOLDERS' FUNDS

642,860

561,064

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th September 2023 and were signed by:

J A Frow - Director

1.	STATUTORY INFORMATION

Trailertrans (Europe) Limited 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.

Turnover

Turnover represents net invoiced services, excluding value added tax.

Tangible fixed assets

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

Office Building

-

10% on cost

Trailers

-

25% on reducing balance

Office equipment

-

20% on reducing balance

Motor vehicles

-

33% on cost and 25% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Office

Office

Building

Trailers

equipment

£

£

£

COST

At 1st April 2022

34,562

391,272

22,432

Additions

-

-

1,110

Disposals

-

-

-

At 31st March 2023

34,562

391,272

23,542

DEPRECIATION

At 1st April 2022

34,562

272,154

19,746

Charge for year

-

29,779

556

Eliminated on disposal

-

-

-

At 31st March 2023

34,562

301,933

20,302

NET BOOK VALUE

At 31st March 2023

-

89,339

3,240

At 31st March 2022

-

119,118

2,686

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2022

56,000

25,092

529,358

Additions

250,669

-

251,779

Disposals

(56,000

)

-

(56,000

)

At 31st March 2023

250,669

25,092

725,137

DEPRECIATION

At 1st April 2022

18,480

24,276

369,218

Charge for year

73,502

272

104,109

Eliminated on disposal

(29,315

)

-

(29,315

)

At 31st March 2023

62,667

24,548

444,012

NET BOOK VALUE

At 31st March 2023

188,002

544

281,125

At 31st March 2022

37,520

816

160,140

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1st April 2022

and 31st March 2023

41,314

NET BOOK VALUE

At 31st March 2023

41,314

At 31st March 2022

41,314

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Top Road Haulage Limited

Registered office:

Nature of business: Haulage Contractors

%

Class of shares:

holding

Ordinary

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade debtors

567,762

746,016

Other debtors

41,519

80,069

609,281

826,085

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Trade creditors

305,335

459,186

Amounts owed to group undertakings

92,659

101,776

Taxation and social security

59,157

83,911

Other creditors

38,923

71,284

496,074

716,157

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J A Frow.