2022-07-01 05361784 2023-06-30 05361784 2022-07-01 2023-06-30 05361784 2022-06-30 05361784 2021-07-01 2022-06-30 05361784 uk-core:WithinOneYear 2022-06-30 05361784 uk-core:WithinOneYear 2023-06-30 05361784 uk-core:AfterOneYear 2022-06-30 05361784 uk-core:AfterOneYear 2023-06-30 05361784 uk-core:ShareCapital 2023-06-30 05361784 uk-core:ShareCapital 2022-06-30 05361784 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 05361784 uk-core:RetainedEarningsAccumulatedLosses 2022-06-30 05361784 uk-bus:Director1 2022-07-01 2023-06-30 05361784 uk-core:ToolsEquipment 2022-06-30 05361784 uk-core:FurnitureFittings 2022-06-30 05361784 uk-core:CommercialMotorVehicles 2022-06-30 05361784 uk-core:PlantMachinery 2022-06-30 05361784 uk-core:ToolsEquipment 2022-07-01 2023-06-30 05361784 uk-core:FurnitureFittings 2022-07-01 2023-06-30 05361784 uk-core:CommercialMotorVehicles 2022-07-01 2023-06-30 05361784 uk-core:PlantMachinery 2022-07-01 2023-06-30 05361784 uk-core:CommercialMotorVehicles 2023-06-30 05361784 uk-core:FurnitureFittings 2023-06-30 05361784 uk-core:ToolsEquipment 2023-06-30 05361784 uk-core:PlantMachinery 2023-06-30 05361784 uk-core:WithinOneYear 2023-06-30 05361784 uk-core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure 05361784 uk-bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 05361784 uk-bus:FRS102 2022-07-01 2023-06-30 05361784 uk-bus:FullAccounts 2022-07-01 2023-06-30 05361784 uk-bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
Independent Forklift Engineers Limited
Registered Number:05361784
For the year ended 30 June 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2023
Independent Forklift Engineers Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
05361784
As at 30 June 2023
Independent Forklift Engineers Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
254,081
292,020
2
254,081
292,020
Current assets
Inventories
500
500
3
Trade and other receivables
66,890
76,367
4
-
Cash and cash equivalents
34,736
111,603
67,390
Trade and other payables: amounts falling due within one
year
(51,679)
(50,454)
5
15,711
61,149
Net current assets
Total assets less current liabilities
315,230
307,731
Trade and other payables: amounts falling due after more
than one year
(36,525)
(24,679)
6
(48,275)
(47,813)
Provisions for liabilities
242,276
Net assets
223,393
Capital and reserves
Called up share capital
8
8
Retained earnings
242,268
223,385
242,276
223,393
Shareholders' funds
For the year ended 30 June 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
05361784
For the year ended 30 June 2023
Independent Forklift Engineers Limited
Statement of Financial Position Continued
Mr Mathew Allnutt Director
These financial statements were approved and authorised for issue by the Board on 06 March 2024 and were signed by:
The notes form part of these financial statements
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5
For the year ended 30 June 2023
Independent Forklift Engineers Limited
Notes to the Financial Statements
Statutory Information
Independent Forklift Engineers Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 05361784.
Registered address:
105 Mitcham Road
Camberley
Surrey
GU15 4AW
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Hire purchase and leasing commitments
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2. Property, plant and equipment
Total
Forklift
Equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
£
£
£
£
£
Cost or
valuation
At 01 July 2022
543,521
434,926
130
107,840
625
65,494
63,907
1,587
-
-
Additions
(57,075)
-
-
(191)
Disposals
(57,266)
At 30 June 2023
107,840
1,717
441,758
551,749
434
Provision for depreciation and impairment
At 01 July 2022
251,501
212,182
26
38,972
321
Charge for year
67,610
50,166
185
17,216
43
(21,443)
(21,253)
-
-
(190)
On disposal
At 30 June 2023
297,668
241,095
211
56,188
174
At 30 June 2023
Net book value
260
51,652
1,506
200,663
254,081
At 30 June 2022
304
68,868
104
222,744
292,020
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6
For the year ended 30 June 2023
Independent Forklift Engineers Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
500
500
4. Trade and other receivables
2022
2023
£
£
Trade debtors
73,508
64,191
Other debtors
2,859
2,699
66,890
76,367
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
549
8,639
Trade creditors
1,067
17,580
Taxation and social security
27,559
481
Other creditors
21,279
24,979
50,454
51,679
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
24,679
36,525
7. Guarantees and other financial commitments
8. Average number of persons employed
During the year the average number of employees was 2 (2022 : 1)
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