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REGISTERED NUMBER: 08560720 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2023

FOR

ELEV8 FORK TRUCKS LTD

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)






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


ELEV8 FORK TRUCKS LTD

COMPANY INFORMATION
for the Year Ended 30th June 2023







DIRECTOR: J M L Tomblin





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 08560720 (England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

BALANCE SHEET
30th June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,174 6,786

CURRENT ASSETS
Stocks 82,337 61,243
Debtors 5 8,644 19,954
Cash at bank 91,256 93,031
182,237 174,228
CREDITORS
Amounts falling due within one year 6 105,119 102,856
NET CURRENT ASSETS 77,118 71,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

88,292

78,158

CREDITORS
Amounts falling due after more than one
year

7

(19,800

)

(26,689

)

PROVISIONS FOR LIABILITIES 8 (2,123 ) (1,289 )
NET ASSETS 66,369 50,180

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 66,367 50,178
SHAREHOLDERS' FUNDS 66,369 50,180

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 director acknowledges his 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.

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th March 2024 and were signed by:





J M L Tomblin - Director


ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2023

1. STATUTORY INFORMATION

Elev8 Fork Trucks Ltd 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.
Plant and machinery - 25% 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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2022 7,464 6,621 6,133 - 20,218
Additions - - 7,496 583 8,079
At 30th June 2023 7,464 6,621 13,629 583 28,297
DEPRECIATION
At 1st July 2022 5,480 5,190 2,762 - 13,432
Charge for year 496 286 2,717 192 3,691
At 30th June 2023 5,976 5,476 5,479 192 17,123
NET BOOK VALUE
At 30th June 2023 1,488 1,145 8,150 391 11,174
At 30th June 2022 1,984 1,431 3,371 - 6,786

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Trade debtors 8,644 19,205
Other debtors - 749
8,644 19,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/23 30/6/22
£    £   
Bank loans and overdrafts 6,850 6,650
Trade creditors 1,106 748
Tax 6,116 8,485
Social security and other taxes 1,680 1,104
Directors' current accounts 88,117 84,519
Accrued expenses 1,250 1,350
105,119 102,856

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/6/23 30/6/22
£    £   
Bank loans 19,800 26,689

8. PROVISIONS FOR LIABILITIES
30/6/23 30/6/22
£    £   
Deferred tax 2,123 1,289

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

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

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st July 2022 1,289
Accelerated capital allowances 834
Balance at 30th June 2023 2,123

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
2 Ordinary £1 2 2

10. ULTIMATE CONTROLLING PARTY

Mr J M L Tomblin owns 100% of the issued share capital of the company.