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REGISTERED NUMBER: 06237414 (England and Wales)















FORKLIFT SERVICES UK LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






FORKLIFT SERVICES UK LIMITED (REGISTERED NUMBER: 06237414)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


FORKLIFT SERVICES UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr. B.A. Mulhall
Mrs. S.A. Mulhall





SECRETARY: Mrs. S.A. Mulhall





REGISTERED OFFICE: Unit 1 Gibbs Road
Lye
Stourbridge
West Midlands
DY9 8SY





REGISTERED NUMBER: 06237414 (England and Wales)





ACCOUNTANTS: Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FORKLIFT SERVICES UK LIMITED (REGISTERED NUMBER: 06237414)


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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors 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 Forklift Services UK Limited for the year ended 31 May 2023 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Forklift Services UK Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Forklift Services UK Limited and state those matters that we have agreed to state to the Board of Directors of Forklift Services UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Forklift Services UK Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Forklift Services UK 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 Forklift Services UK Limited. You consider that Forklift Services UK 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 Forklift Services UK 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.






Folkes Worton LLP
15-17 Church Street
Stourbridge
West Midlands
DY8 1LU


8 January 2024

FORKLIFT SERVICES UK LIMITED (REGISTERED NUMBER: 06237414)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156,537 107,164

CURRENT ASSETS
Stocks 184,180 159,180
Debtors 5 193,469 112,454
Cash at bank and in hand 2,981 49,489
380,630 321,123
CREDITORS
Amounts falling due within one year 6 299,963 207,204
NET CURRENT ASSETS 80,667 113,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

237,204

221,083

CREDITORS
Amounts falling due after more than one year 7 (170,075 ) (179,050 )

PROVISIONS FOR LIABILITIES (21,169 ) (18,697 )
NET ASSETS 45,960 23,336

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 44,960 22,336
SHAREHOLDERS' FUNDS 45,960 23,336

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

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

FORKLIFT SERVICES UK LIMITED (REGISTERED NUMBER: 06237414)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 8 January 2024 and were signed on its behalf by:





Mr. B.A. Mulhall - Director


FORKLIFT SERVICES UK LIMITED (REGISTERED NUMBER: 06237414)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023


1. STATUTORY INFORMATION

Forklift Services UK 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 sales of goods/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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FORKLIFT SERVICES UK LIMITED (REGISTERED NUMBER: 06237414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2022 165,524 1,952 62,014 7,143 236,633
Additions 30,929 - 57,186 - 88,115
Disposals - - (9,250 ) - (9,250 )
At 31 May 2023 196,453 1,952 109,950 7,143 315,498
DEPRECIATION
At 1 June 2022 78,798 1,684 42,506 6,481 129,469
Charge for year 17,650 53 18,627 218 36,548
Eliminated on disposal - - (7,056 ) - (7,056 )
At 31 May 2023 96,448 1,737 54,077 6,699 158,961
NET BOOK VALUE
At 31 May 2023 100,005 215 55,873 444 156,537
At 31 May 2022 86,726 268 19,508 662 107,164

FORKLIFT SERVICES UK LIMITED (REGISTERED NUMBER: 06237414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


4. TANGIBLE FIXED ASSETS - continued

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 2022 98,662 36,069 134,731
Additions 30,929 57,186 88,115
Transfer to ownership (27,657 ) - (27,657 )
At 31 May 2023 101,934 93,255 195,189
DEPRECIATION
At 1 June 2022 39,018 21,726 60,744
Charge for year 13,587 17,884 31,471
Transfer to ownership (17,227 ) - (17,227 )
At 31 May 2023 35,378 39,610 74,988
NET BOOK VALUE
At 31 May 2023 66,556 53,645 120,201
At 31 May 2022 59,644 14,343 73,987

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 179,460 98,695
Other debtors 14,009 13,759
193,469 112,454

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 67,335 50,924
Hire purchase contracts 33,769 31,510
Trade creditors 180,787 86,892
Taxation and social security 13,239 27,602
Other creditors 4,833 10,276
299,963 207,204

FORKLIFT SERVICES UK LIMITED (REGISTERED NUMBER: 06237414)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 97,094 145,375
Hire purchase contracts 72,981 33,675
170,075 179,050

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

2023 2022
£    £   
Mr. B.A. Mulhall
Balance outstanding at start of year - 1,275
Amounts repaid - (1,275 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -