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REGISTERED NUMBER: 04660063 (England and Wales)















Cam Fork Lift Trucks Limited

Unaudited Financial Statements For The Year Ended 31 March 2024






Cam Fork Lift Trucks Limited (Registered number: 04660063)






Contents of the Financial Statements
For The Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Cam Fork Lift Trucks Limited

Company Information
For The Year Ended 31 March 2024







DIRECTORS: P J Freeman
J Freeman
J M L Tomblin





REGISTERED OFFICE: 97 Clay Street
Sheffield
South Yorkshire
S9 2PF





REGISTERED NUMBER: 04660063 (England and Wales)





ACCOUNTANTS: Kingswood Allotts Limited
Chartered Accountants
Sidings Court
Lakeside
Doncaster
South Yorkshire
DN4 5NU

Cam Fork Lift Trucks Limited (Registered number: 04660063)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,186,491 1,264,776

CURRENT ASSETS
Stocks 90,850 68,500
Debtors 5 1,263,524 1,150,365
Cash at bank and in hand 425,052 549,435
1,779,426 1,768,300
CREDITORS
Amounts falling due within one year 6 828,244 763,529
NET CURRENT ASSETS 951,182 1,004,771
TOTAL ASSETS LESS CURRENT LIABILITIES 2,137,673 2,269,547

CREDITORS
Amounts falling due after more than one year 7 (93,407 ) (273,158 )

PROVISIONS FOR LIABILITIES 11 (267,124 ) (287,812 )
NET ASSETS 1,777,142 1,708,577

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 1,777,042 1,708,477
SHAREHOLDERS' FUNDS 1,777,142 1,708,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 23 October 2024 and were signed on its behalf by:




J Freeman - Director



P J Freeman - Director


Cam Fork Lift Trucks Limited (Registered number: 04660063)

Notes to the Financial Statements
For The Year Ended 31 March 2024

1. STATUTORY INFORMATION

Cam Fork 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.

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 represents net invoiced sales of goods, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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- over the length of the lease
Forklift trucks - 15% reducing balance
Fixtures and fittings- 15% reducing balance
Motor vehicles- 25% reducing balance
Plant and machinery- 15 % reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Cam Fork Lift Trucks Limited (Registered number: 04660063)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 34 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Forklift and
property trucks fittings
£    £    £   
COST
At 1 April 2023 10,988 1,184,345 91,432
Additions - 404,222 2,432
Disposals - (491,263 ) -
At 31 March 2024 10,988 1,097,304 93,864
DEPRECIATION
At 1 April 2023 10,988 202,475 53,724
Charge for year - 169,163 6,021
Eliminated on disposal - (232,921 ) -
At 31 March 2024 10,988 138,717 59,745
NET BOOK VALUE
At 31 March 2024 - 958,587 34,119
At 31 March 2023 - 981,870 37,708

Motor Plant and
vehicles machinery Totals
£    £    £   
COST
At 1 April 2023 553,300 10,425 1,850,490
Additions 12,000 - 418,654
Disposals - - (491,263 )
At 31 March 2024 565,300 10,425 1,777,881
DEPRECIATION
At 1 April 2023 316,963 1,564 585,714
Charge for year 62,084 1,329 238,597
Eliminated on disposal - - (232,921 )
At 31 March 2024 379,047 2,893 591,390
NET BOOK VALUE
At 31 March 2024 186,253 7,532 1,186,491
At 31 March 2023 236,337 8,861 1,264,776

Cam Fork Lift Trucks Limited (Registered number: 04660063)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Forklift
trucks
£   
COST
At 1 April 2023 191,770
Additions 18,200
Disposals (39,015 )
At 31 March 2024 170,955
DEPRECIATION
At 1 April 2023 28,766
Charge for year 22,206
Eliminated on disposal (5,852 )
At 31 March 2024 45,120
NET BOOK VALUE
At 31 March 2024 125,835
At 31 March 2023 163,004

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 605,532 390,355
Amounts owed by group undertakings 419,950 419,025
Other debtors 218,042 340,985
Directors' current accounts 20,000 -
1,263,524 1,150,365

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 54,250 54,250
Hire purchase contracts (see note 9) 89,893 118,975
Trade creditors 289,714 325,787
Taxation 89,784 23,079
Social security and other taxes 163,563 67,958
Other creditors 79,846 168,715
Accruals and deferred income 61,194 4,765
828,244 763,529

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 9,042 63,292
Hire purchase contracts (see note 9) 84,365 209,866
93,407 273,158

Cam Fork Lift Trucks Limited (Registered number: 04660063)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 54,250 54,250

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,042 54,250

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,042

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 89,893 118,975
Between one and five years 84,365 209,866
174,258 328,841

Non-cancellable operating leases
2024 2023
£    £   
Within one year 99,250 24,250
Between one and five years 27,708 -
126,958 24,250

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 174,258 328,841

Hire purchase loans are secured on the assets to which they relate.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 267,124 287,812

Cam Fork Lift Trucks Limited (Registered number: 04660063)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2024

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 287,812
Movement in year (20,688 )
Balance at 31 March 2024 267,124

Deferred tax has been provided at 25% (2023: 25%).

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
P J Freeman
Balance outstanding at start of year - 10,000
Amounts advanced 10,000 -
Amounts repaid - (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -

J Freeman
Balance outstanding at start of year - 10,000
Amounts advanced 10,000 -
Amounts repaid - (10,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,000 -

Interest has been charged at 2.25% per annum.

14. RELATED PARTY DISCLOSURES

There is an amount owing from Matsucol Real Estate Limited of £187,186 (2023: £167,758).

15. ULTIMATE CONTROLLING PARTY

PJ & J Holdings Limited is the company's parent undertaking and controlling party. Its registered office is:

97 Clay Street
Sheffield
South Yorkshire
S9 2PF