Alltrucks (Aberdeen) Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC392035 (Scotland)

Unaudited Financial Statements for the Year Ended 31 May 2021

for

Alltrucks (Aberdeen) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

A G Littlejohn

Mrs S Littlejohn

REGISTERED OFFICE:

Kirkwood

Sauchen

INVERURIE

AB51 7LQ

REGISTERED NUMBER:

SC392035 (Scotland)

ACCOUNTANTS:

Atholl Scott

55-57 West High Street

INVERURIE

AB51 3QQ

FIXED ASSETS

Tangible assets

4

19,195

24,778

CURRENT ASSETS

Stocks

2,801

1,625

Debtors

5

51,968

31,900

Cash at bank and in hand

12,752

57,246

67,521

90,771

CREDITORS

Amounts falling due within one year

6

(88,614

)

(72,042

)

NET CURRENT (LIABILITIES)/ASSETS

(21,093

)

18,729

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,898

)

43,507

CREDITORS

Amounts falling due after more than one year

7

(54,370

)

(70,551

)

PROVISIONS FOR LIABILITIES

9

(3,433

)

(4,708

)

NET LIABILITIES

(59,701

)

(31,752

)

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(59,703

)

(31,754

)

SHAREHOLDERS' FUNDS

(59,701

)

(31,752

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2021 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.

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 25 January 2022 and were signed on its behalf by:

Mrs S Littlejohn - Director

1.	STATUTORY INFORMATION

Alltrucks (Aberdeen) Ltd is a private company, limited by shares , registered in Scotland. 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 amounts receivable for goods sold and services rendered during the year, exclusive of 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern

Although the going concern basis has been adopted in these accounts, its continued appropriateness is dependent upon future trading performance and the continued support of the directors.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 June 2020

64,171

5,882

52,195

4,177

126,425

Additions

13,719

-

1,200

-

14,919

At 31 May 2021

77,890

5,882

53,395

4,177

141,344

DEPRECIATION

At 1 June 2020

47,775

3,689

46,445

3,738

101,647

Charge for year

16,113

789

3,175

425

20,502

At 31 May 2021

63,888

4,478

49,620

4,163

122,149

NET BOOK VALUE

At 31 May 2021

14,002

1,404

3,775

14

19,195

At 31 May 2020

16,396

2,193

5,750

439

24,778

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2020

and 31 May 2021

21,074

38,200

59,274

DEPRECIATION

At 1 June 2020

9,838

32,450

42,288

Charge for year

9,836

2,875

12,711

At 31 May 2021

19,674

35,325

54,999

NET BOOK VALUE

At 31 May 2021

1,400

2,875

4,275

At 31 May 2020

11,236

5,750

16,986

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Trade debtors

50,985

30,917

Prepayments

983

983

51,968

31,900

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.21

31.5.20

£

£

Hire purchase contracts (see note 8)

16,182

16,493

Trade creditors

35,910

27,806

Tax

12,317

7,279

PAYE

(88

)

709

VAT

14,977

14,182

Other creditors

3,134

1,928

Accrued expenses

6,182

3,645

88,614

72,042

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.21

31.5.20

£

£

Bank loans - 1-2 years

50,000

50,000

Hire purchase contracts (see note 8)

4,370

20,551

54,370

70,551

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.5.21

31.5.20

£

£

Net obligations repayable:

Within one year

16,182

16,493

Between one and five years

4,370

20,551

20,552

37,044

Non-cancellable

operating leases

31.5.21

31.5.20

£

£

Within one year

12,450

12,600

9.	PROVISIONS FOR LIABILITIES

31.5.21

31.5.20

£

£

Deferred tax

3,433

4,708

Deferred

tax

£

Balance at 1 June 2020

4,708

Credit to Income Statement during year

(1,275

)

Balance at 31 May 2021

3,433

10.	ULTIMATE CONTROLLING PARTY

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2021 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report in accordance with the requirements of the Institute of Financial Accountants. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities and financial position of the company. You consider that the company 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 the company. 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.

Atholl Scott

55-57 West High Street

INVERURIE

AB51 3QQ

21 February 2022