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REGISTERED NUMBER: 08250092 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Castle Eden Lift Trucks Limited

Castle Eden Lift Trucks Limited (Registered number: 08250092)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Castle Eden Lift Trucks Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr I Carr
Mrs A Carr
Mr P Dawes
Mrs J Dawes





REGISTERED OFFICE: Unit 6 3 Cook Way
North West Industrial Estate
Peterlee
Co. Durham
SR8 2HY





REGISTERED NUMBER: 08250092 (England and Wales)





ACCOUNTANTS: Milner Smeaton
Chartered Accountants and Chartered Tax Advisers
Viking House
Falcon Court
Preston Farm
Stockton-on-Tees
TS18 3TS

Castle Eden Lift Trucks Limited (Registered number: 08250092)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 542,723 495,610

CURRENT ASSETS
Stocks 78,766 6,650
Debtors 5 95,139 80,246
Cash at bank 76,878 59,782
250,783 146,678
CREDITORS
Amounts falling due within one year 6 199,768 175,649
NET CURRENT ASSETS/(LIABILITIES) 51,015 (28,971 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

593,738

466,639

CREDITORS
Amounts falling due after more than one year 7 (176,291 ) (68,650 )

PROVISIONS FOR LIABILITIES (155,697 ) (116,064 )
NET ASSETS 261,750 281,925

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 261,746 281,921
261,750 281,925

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

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

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 31 July 2024 and were signed on its behalf by:





Mrs A Carr - Director


Castle Eden Lift Trucks Limited (Registered number: 08250092)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Castle Eden Lift Trucks 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 9 ) .

Castle Eden Lift Trucks Limited (Registered number: 08250092)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 759,077
Additions 280,304
Disposals (261,254 )
At 31 October 2023 778,127
DEPRECIATION
At 1 November 2022 263,467
Charge for year 82,680
Eliminated on disposal (110,743 )
At 31 October 2023 235,404
NET BOOK VALUE
At 31 October 2023 542,723
At 31 October 2022 495,610

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 95,139 80,246

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 86,067 33,076
Trade creditors 20,022 27,326
Taxation and social security 81,656 77,799
Other creditors 2,023 27,448
199,768 175,649

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 20,833 30,833
Hire purchase contracts 155,458 37,817
176,291 68,650

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Hire purchase contracts 241,525 70,893

9. OTHER FINANCIAL COMMITMENTS

The company had total operating lease commitments as at 31 October 2023 of £45,000 (2022: £57,000).