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REGISTERED NUMBER: 01118320 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

J.S.T. FORKLIFTS LIMITED

J.S.T. FORKLIFTS LIMITED (REGISTERED NUMBER: 01118320)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J.S.T. FORKLIFTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: JA Kew
D Kew





REGISTERED OFFICE: 5 Higham Road
Chelveston
Northamptonshire
NN9 6AN





REGISTERED NUMBER: 01118320 (England and Wales)





ACCOUNTANTS: Bewers Turner & Co LLP
Chartered Accountants
Portland House
11-13 Station Road
Kettering
Northamptonshire
NN15 7HH

J.S.T. FORKLIFTS LIMITED (REGISTERED NUMBER: 01118320)

BALANCE SHEET
30TH JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 653,900 1,089,870
Investments 6 75 75
653,975 1,089,945

CURRENT ASSETS
Stocks 792,779 1,059,652
Debtors 7 2,827,648 1,451,320
Cash at bank 254,598 447,515
3,875,025 2,958,487
CREDITORS
Amounts falling due within one year 8 1,508,726 1,604,589
NET CURRENT ASSETS 2,366,299 1,353,898
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,020,274

2,443,843

CREDITORS
Amounts falling due after more than one
year

9

(181,924

)

(177,892

)

PROVISIONS FOR LIABILITIES (154,327 ) (152,961 )
NET ASSETS 2,684,023 2,112,990

CAPITAL AND RESERVES
Called up share capital 17,136 17,136
Revaluation reserve 10 - 277,191
Retained earnings 2,666,887 1,818,663
SHAREHOLDERS' FUNDS 2,684,023 2,112,990

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

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

J.S.T. FORKLIFTS LIMITED (REGISTERED NUMBER: 01118320)

BALANCE SHEET - continued
30TH JUNE 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 14th December 2023 and were signed on its behalf by:





D Kew - Director


J.S.T. FORKLIFTS LIMITED (REGISTERED NUMBER: 01118320)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023


1. STATUTORY INFORMATION

J.S.T. Forklifts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.


J.S.T. FORKLIFTS LIMITED (REGISTERED NUMBER: 01118320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


2. ACCOUNTING POLICIES - continued
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
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.

Financial instruments
The company is party to only basic financial instruments such as cash, trade debtors and creditors and loans. Instruments such as trade debtors and trade creditors are initially recognised at their transaction cost and reviewed at the year end for impairment. Debt instruments not repayable on demand or due within one year, such as bank loans, are measured at amortised cost using the effective interest rate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2022 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st July 2022
and 30th June 2023 65,000
AMORTISATION
At 1st July 2022
and 30th June 2023 65,000
NET BOOK VALUE
At 30th June 2023 -
At 30th June 2022 -

J.S.T. FORKLIFTS LIMITED (REGISTERED NUMBER: 01118320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2022 434,350 1,943,123 2,377,473
Additions - 258,646 258,646
Disposals (434,350 ) (318,387 ) (752,737 )
At 30th June 2023 - 1,883,382 1,883,382
DEPRECIATION
At 1st July 2022 34,561 1,253,042 1,287,603
Charge for year 2,172 223,760 225,932
Eliminated on disposal (36,733 ) (247,320 ) (284,053 )
At 30th June 2023 - 1,229,482 1,229,482
NET BOOK VALUE
At 30th June 2023 - 653,900 653,900
At 30th June 2022 399,789 690,081 1,089,870


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1st July 2022
and 30th June 2023 75
NET BOOK VALUE
At 30th June 2023 75
At 30th June 2022 75

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,448,414 740,471
Amounts owed by group undertakings 1,357,138 654,307
Other debtors 22,096 56,542
2,827,648 1,451,320

J.S.T. FORKLIFTS LIMITED (REGISTERED NUMBER: 01118320)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 89,732 193,704
Trade creditors 1,164,001 837,843
Taxation and social security 197,221 101,012
Other creditors 57,772 472,030
1,508,726 1,604,589

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts 181,924 177,892

10. RESERVES
Revaluatio
reserve
£   
At 1st July 2022 277,191
Transfer (277,191 )

At 30th June 2023 -