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REGISTERED NUMBER: 03969757 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

ALBION FORK LIFTS LIMITED

ALBION FORK LIFTS LIMITED (REGISTERED NUMBER: 03969757)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALBION FORK LIFTS LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2023







DIRECTORS: B Clark
A C Clark





SECRETARY: G Clark





REGISTERED OFFICE: Unit 10 Cogdean Elms Industrial Estate
Merley Lane
Wimborne
Dorset
BH21 3EG





REGISTERED NUMBER: 03969757 (England and Wales)





ACCOUNTANTS: Enhance
Chartered Accountants & Business Advisers
38 Middlehill Road
Wimborne
Dorset
BH21 2SE

ALBION FORK LIFTS LIMITED (REGISTERED NUMBER: 03969757)

BALANCE SHEET
30 April 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,784 78,379

CURRENT ASSETS
Stocks 5 270,600 250,250
Debtors 6 92,854 93,941
Cash at bank and in hand 61,456 74,106
424,910 418,297
CREDITORS
Amounts falling due within one year 7 92,480 113,856
NET CURRENT ASSETS 332,430 304,441
TOTAL ASSETS LESS CURRENT LIABILITIES 391,214 382,820

CREDITORS
Amounts falling due after more than one
year

8

-

(8,522

)

PROVISIONS FOR LIABILITIES (11,169 ) (9,381 )
NET ASSETS 380,045 364,917

CAPITAL AND RESERVES
Called up share capital 9 10,000 10,000
Retained earnings 10 370,045 354,917
SHAREHOLDERS' FUNDS 380,045 364,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

ALBION FORK LIFTS LIMITED (REGISTERED NUMBER: 03969757)

BALANCE SHEET - continued
30 April 2023


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 13 October 2023 and were signed on its behalf by:




B Clark - Director



A C Clark - Director


ALBION FORK LIFTS LIMITED (REGISTERED NUMBER: 03969757)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Albion Fork Lifts 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 reducing balance
Assets for hire - Over period of lease.
Motor vehicles - 25% on reducing balance

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.

ALBION FORK LIFTS LIMITED (REGISTERED NUMBER: 03969757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

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 11 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Plant and Assets Motor
machinery for hire vehicles Totals
£    £    £    £   
COST
At 1 May 2022
and 30 April 2023 103,467 20,400 237,435 361,302
DEPRECIATION
At 1 May 2022 99,171 20,400 163,352 282,923
Charge for year 1,074 - 18,521 19,595
At 30 April 2023 100,245 20,400 181,873 302,518
NET BOOK VALUE
At 30 April 2023 3,222 - 55,562 58,784
At 30 April 2022 4,296 - 74,083 78,379

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 May 2022 91,500
Transfer to ownership (91,500 )
At 30 April 2023 -
DEPRECIATION
At 1 May 2022 46,039
Transfer to ownership (46,039 )
At 30 April 2023 -
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 45,461

ALBION FORK LIFTS LIMITED (REGISTERED NUMBER: 03969757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

5. STOCKS
2023 2022
£    £   
Stocks 270,600 250,250

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 78,951 80,479
Prepayments and accrued income 13,903 13,462
92,854 93,941

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 6,877
Trade creditors 42,962 48,063
Tax 20,104 24,762
Social security and other taxes 2,690 5,247
VAT 21,035 24,613
Other creditors 2,088 -
Credit cards 94 -
Directors' current accounts 901 1,652
Accrued expenses 2,606 2,642
92,480 113,856

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts - 8,522

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
10,000 Ordinary £1 10,000 10,000

10. RESERVES
Retained
earnings
£   

At 1 May 2022 354,917
Profit for the year 55,128
Dividends (40,000 )
At 30 April 2023 370,045

ALBION FORK LIFTS LIMITED (REGISTERED NUMBER: 03969757)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2023

11. RELATED PARTY DISCLOSURES

Included in Creditors is a total amount of £901 (2022: £1,652) owed to A Clark, a director of the company. The loan is interest free and repayable on demand.