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REGISTERED NUMBER: 08028784 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30th April 2024

for

I Haigh Forklift Solutions Limited

I Haigh Forklift Solutions Limited (Registered number: 08028784)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I Haigh Forklift Solutions Limited

Company Information
for the Year Ended 30th April 2024







DIRECTOR: I Haigh





REGISTERED OFFICE: Grove Garage
James Street
Elland
Halifax
West Yorkshire
HX5 0HB





REGISTERED NUMBER: 08028784 (England and Wales)

I Haigh Forklift Solutions Limited (Registered number: 08028784)

Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,567 11,757

CURRENT ASSETS
Stocks 5 106,408 93,450
Debtors 6 11,572 16,455
Cash at bank 7,464 8,467
125,444 118,372
CREDITORS
Amounts falling due within one year 7 110,446 85,055
NET CURRENT ASSETS 14,998 33,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,565

45,074

PROVISIONS FOR LIABILITIES 3,908 2,234
NET ASSETS 31,657 42,840

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 31,656 42,839
SHAREHOLDERS' FUNDS 31,657 42,840

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 30th April 2024 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.

I Haigh Forklift Solutions Limited (Registered number: 08028784)

Balance Sheet - continued
30th April 2024


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 director and authorised for issue on 15th October 2024 and were signed by:





I Haigh - Director


I Haigh Forklift Solutions Limited (Registered number: 08028784)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

I Haigh Forklift Solutions 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 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.
Fixtures and fittings - 20% on Reducing Balance
Motor vehicles - 25% on Reducing Balance
Computer equipment - 33.3% Straight Line Basis

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statements if financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are recognised at amortised cost with changes recognised in the income statement.

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.

I Haigh Forklift Solutions Limited (Registered number: 08028784)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023 37,008
Additions 22,808
Disposals (16,311 )
At 30th April 2024 43,505
DEPRECIATION
At 1st May 2023 25,251
Charge for year 6,998
Eliminated on disposal (9,311 )
At 30th April 2024 22,938
NET BOOK VALUE
At 30th April 2024 20,567
At 30th April 2023 11,757

5. STOCKS
30.4.24 30.4.23
£    £   
Stocks 106,408 93,450

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 9,077 15,416
Other debtors 2,495 1,039
11,572 16,455

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 616 1,056
Taxation and social security 588 3,719
Other creditors 109,242 80,280
110,446 85,055

I Haigh Forklift Solutions Limited (Registered number: 08028784)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
1 Ordinary £1 1 1