1 July 2022 false No description of principal activity Taxfiler 2023.15 08568704business:PrivateLimitedCompanyLtd2022-07-012023-06-30 085687042022-06-30 085687042022-07-012023-06-30 08568704business:AuditExemptWithAccountantsReport2022-07-012023-06-30 08568704business:FilletedAccounts2022-07-012023-06-30 085687042023-06-30 085687042022-06-30 08568704core:WithinOneYear2023-06-30 08568704core:WithinOneYear2022-06-30 08568704core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 08568704core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 08568704core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 08568704core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 08568704core:PreviouslyStatedAmount2023-06-30 08568704core:PreviouslyStatedAmount2022-06-30 08568704business:SmallEntities2022-07-012023-06-30 08568704business:Director12022-07-012023-06-30 08568704countries:EnglandWales2022-07-012023-06-30 08568704business:RegisteredOffice2022-07-012023-06-30 08568704core:PlantMachinery2022-07-012023-06-30 08568704core:MotorVehicles2022-07-012023-06-30 08568704core:ComputerEquipment2022-07-012023-06-30 08568704core:Goodwill2022-06-30 08568704core:Goodwill2023-06-30 08568704core:Goodwill2022-07-012023-06-30 08568704core:PlantMachinery2022-06-30 08568704core:MotorVehicles2022-06-30 08568704core:ComputerEquipment2022-06-30 08568704core:PlantMachinery2023-06-30 08568704core:MotorVehicles2023-06-30 08568704core:ComputerEquipment2023-06-30 085687042021-07-012022-06-30 iso4217:GBP xbrli:pure
Pallet Truck Services (Sussex) Limited Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
6,000 
12,000 
Tangible assets
394,973 
423,840 
400,973 
435,840 
Current assets
Inventories
73,597 
135,031 
Debtors
69,559 
109,556 
Cash at bank and in hand
211,913 
77,888 
355,069 
322,475 
Creditors: amounts falling due within one year
(156,824)
(198,162)
Net current assets
198,245 
124,313 
Total assets less current liabilities
599,218 
560,153 
Provisions for liabilities
Deferred tax
(86,375)
(72,912)
Net assets
512,843 
487,241 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
512,743 
487,141 
Shareholders' funds
512,843 
487,241 
For the year ending 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by
Ian Rampton Director Company Registration No. 08568704
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Pallet Truck Services (Sussex) Limited Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Pallet Truck Services (Sussex) Limited is a private company, limited by shares, registered in England and Wales, registration number 08568704. The registered office is Oldstock, Marringdean Road, Billingshurst, RH14 9HE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% and 25% of net book value
Motor vehicles
25% of net book value
Computer equipment
25% of net book value
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2022
60,000 
At 30 June 2023
60,000 
Amortisation
At 1 July 2022
48,000 
Charge for the year
6,000 
At 30 June 2023
54,000 
Net book value
At 30 June 2023
6,000 
At 30 June 2022
12,000 
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Pallet Truck Services (Sussex) Limited Notes to the Accounts for the year ended 30 June 2023
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 July 2022
508,199 
76,987 
16,753 
601,939 
Additions
40,380 
- 
- 
40,380 
Disposals
(22,357)
- 
- 
(22,357)
At 30 June 2023
526,222 
76,987 
16,753 
619,962 
Depreciation
At 1 July 2022
140,575 
27,360 
10,164 
178,099 
Charge for the year
38,775 
12,407 
1,714 
52,896 
On disposals
(6,006)
- 
- 
(6,006)
At 30 June 2023
173,344 
39,767 
11,878 
224,989 
Net book value
At 30 June 2023
352,878 
37,220 
4,875 
394,973 
At 30 June 2022
367,624 
49,627 
6,589 
423,840 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
64,011 
103,428 
Accrued income and prepayments
5,548 
4,718 
Other debtors
- 
1,410 
69,559 
109,556 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
18,078 
10,863 
Trade creditors
5,271 
15,530 
Taxes and social security
39,119 
12,707 
Other creditors
23,312 
22,084 
Loans from directors
71,044 
136,978 
156,824 
198,162 
8
Average number of employees
During the year the average number of employees was 6 (2022: 5).
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