West Lancashire Forklift Company Ltd |
Registered Number:06125555 |
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
For the year ended 29 February 2024
West Lancashire Forklift Company Ltd
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
West Lancashire Forklift Company Ltd
Statement of Financial Position
2023
2024
Property, plant and equipment |
112,893
114,462
2
112,893
114,462
10,000
10,000
3
Trade and other receivables |
24,127
30,543
4
60,987
Cash and cash equivalents |
34,894
75,437
95,114
Trade and other payables: amounts falling due within one year |
(208,972)
(188,207)
5
(113,858)
(112,770)
Net current liabilities
Total assets less current liabilities |
123
604
123
Net assets
604
100
100
23
504
123
604
Shareholders' funds
For the year ended 29 February 2024 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 of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
These financial statements were approved and authorised for issue by the Board on 27 November 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 29 February 2024
West Lancashire Forklift Company Ltd
Notes to the Financial Statements
Statutory Information
West Lancashire Forklift Company Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 06125555. |
Pendle Place
West Pimbo
Skelmersdale
Lancashire
WN8 9AN
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard |
102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The |
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Land and buildings
Plant and machinery
Computer equipment
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable. |
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For the year ended 29 February 2024
West Lancashire Forklift Company Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
230,857
5,851
2,789
72,217
150,000
4,028
1,678
78
2,272
-
74,489
2,867
7,529
234,885
150,000
Provision for depreciation and impairment |
116,395
4,273
1,804
62,318
48,000
Charge for year
5,597
597
174
1,826
3,000
121,992
4,870
1,978
64,144
51,000
99,000
10,345
889
2,659
112,893
102,000
9,899
985
1,578
114,462
2023
2024
10,000
10,000
4. Trade and other receivables |
2023
2024
30,543
24,127
5. Trade and other payables: amounts falling due within one year |
2023
2024
5,710
1,921
Taxation and social security |
22,991
25,649
159,506
181,402
188,207
208,972
6. Average number of persons employed |
During the year the average number of employees was 3 (2023 : 3)
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