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REGISTERED NUMBER: 06625806















Unaudited Financial Statements for the Year Ended 30 June 2024

for

The Forklift Company Limited

The Forklift Company Limited (Registered number: 06625806)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Forklift Company Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D J Archer
N V Astley





REGISTERED OFFICE: Unit 1- 4 Knowle Hill Business Park
Knowle Hill
Hurley
Warwickshire
CV9 2JE





REGISTERED NUMBER: 06625806





ACCOUNTANTS: Broadway Financial Services
27 Fasson Close
Tamworth
West Midlands
B77 1GJ

The Forklift Company Limited (Registered number: 06625806)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,645
Tangible assets 5 2,390,334 1,785,286
Investments 6 5,000 5,000
2,395,334 1,791,931

CURRENT ASSETS
Stocks 346,566 350,128
Debtors 7 316,620 306,099
Cash at bank 1,625,991 2,202,344
2,289,177 2,858,571
CREDITORS
Amounts falling due within one year 8 535,819 816,021
NET CURRENT ASSETS 1,753,358 2,042,550
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,148,692

3,834,481

PROVISIONS FOR LIABILITIES 142,780 105,575
NET ASSETS 4,005,912 3,728,906

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 49,990 49,990
Retained earnings 3,955,722 3,678,716
SHAREHOLDERS' FUNDS 4,005,912 3,728,906

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 1 October 2024 and were signed on its behalf by:





D J Archer - Director


The Forklift Company Limited (Registered number: 06625806)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

The Forklift Company Limited is a private company, limited by shares, registered in England and Wales. The company's registration number and registered office 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Intangible assets are initially measures at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairments losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

The Forklift Company Limited (Registered number: 06625806)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 20 ) .

4. INTELLECTUAL PROPERTY
Other
intangible
assets
£   
COST
At 1 July 2023 2,350
Disposals (2,350 )
At 30 June 2024 -
AMORTISATION
At 1 July 2023 705
Charge for year 235
Eliminated on disposal (940 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 1,645

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 31,976 2,595,091 103,890
Additions - 995,649 6,194
Disposals - (339,807 ) (2,118 )
At 30 June 2024 31,976 3,250,933 107,966
DEPRECIATION
At 1 July 2023 31,976 1,037,421 68,884
Charge for year - 295,148 5,862
Eliminated on disposal - (214,062 ) (1,791 )
At 30 June 2024 31,976 1,118,507 72,955
NET BOOK VALUE
At 30 June 2024 - 2,132,426 35,011
At 30 June 2023 - 1,557,670 35,006

The Forklift Company Limited (Registered number: 06625806)

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

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 374,846 22,029 3,127,832
Additions 141,250 8,214 1,151,307
Disposals (75,999 ) (2,682 ) (420,606 )
At 30 June 2024 440,097 27,561 3,858,533
DEPRECIATION
At 1 July 2023 185,317 18,948 1,342,546
Charge for year 51,384 2,975 355,369
Eliminated on disposal (11,181 ) (2,682 ) (229,716 )
At 30 June 2024 225,520 19,241 1,468,199
NET BOOK VALUE
At 30 June 2024 214,577 8,320 2,390,334
At 30 June 2023 189,529 3,081 1,785,286

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
30.6.24 30.6.23
£    £   
Shares held in Samuk Lift Trucks Limited 5,000 5,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 291,507 297,882
Other debtors 25,113 8,217
316,620 306,099

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 180,695 165,534
Taxation and social security 162,426 478,918
Other creditors 192,698 171,569
535,819 816,021

9. ULTIMATE CONTROLLING PARTY

The controlling party is D J Archer.