2023-03-01 06125555 2024-02-29 06125555 2023-03-01 2024-02-29 06125555 2023-02-28 06125555 2022-03-01 2023-02-28 06125555 uk-core:WithinOneYear 2023-02-28 06125555 uk-core:WithinOneYear 2024-02-29 06125555 uk-core:ShareCapital 2024-02-29 06125555 uk-core:ShareCapital 2023-02-28 06125555 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 06125555 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 06125555 uk-bus:Director1 2023-03-01 2024-02-29 06125555 uk-core:Buildings 2023-03-01 2024-02-29 06125555 uk-core:PlantMachinery 2023-03-01 2024-02-29 06125555 uk-core:ToolsEquipment 2023-03-01 2024-02-29 06125555 uk-core:FurnitureFittings 2023-03-01 2024-02-29 06125555 uk-core:ToolsEquipment 2023-02-28 06125555 uk-core:FurnitureFittings 2023-02-28 06125555 uk-core:PlantMachinery 2023-02-28 06125555 uk-core:Buildings 2023-02-28 06125555 uk-core:PlantMachinery 2024-02-29 06125555 uk-core:FurnitureFittings 2024-02-29 06125555 uk-core:ToolsEquipment 2024-02-29 06125555 uk-core:Buildings 2024-02-29 iso4217:GBP xbrli:pure 06125555 uk-bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 06125555 uk-bus:FRS102 2023-03-01 2024-02-29 06125555 uk-bus:FullAccounts 2023-03-01 2024-02-29 06125555 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29
West Lancashire Forklift Company Ltd
Registered Number:06125555
For the year ended 29 February 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 29 February 2024
West Lancashire Forklift Company Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06125555
As at 29 February 2024
West Lancashire Forklift Company Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
112,893
114,462
2
112,893
114,462
Current assets
Inventories
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
Capital and reserves
Called up share capital
100
100
Retained earnings
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.
Mr Keith Ellis Director
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
1 of 3
4
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.
Registered address:
Pendle Place
West Pimbo
Skelmersdale
Lancashire
WN8 9AN
The presentation currency is £ sterling.
1. Accounting policies
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
2% Straight line
Plant and machinery
15% Reducing balance
25% Reducing balance
Computer equipment
15% Reducing balance
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.
2 of 3
5
For the year ended 29 February 2024
West Lancashire Forklift Company Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Plant and
machinery
Land and
buildings
£
£
£
£
£
Cost or valuation
At 01 March 2023
230,857
5,851
2,789
72,217
150,000
4,028
1,678
78
2,272
-
Additions
At 29 February 2024
74,489
2,867
7,529
234,885
150,000
Provision for depreciation and impairment
At 01 March 2023
116,395
4,273
1,804
62,318
48,000
Charge for year
5,597
597
174
1,826
3,000
At 29 February 2024
121,992
4,870
1,978
64,144
51,000
At 29 February 2024
Net book value
99,000
10,345
889
2,659
112,893
At 28 February 2023
102,000
9,899
985
1,578
114,462
3. Inventories
2023
2024
£
£
Stocks
10,000
10,000
4. Trade and other receivables
2023
2024
£
£
Trade debtors
30,543
24,127
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
5,710
1,921
Taxation and social security
22,991
25,649
Other creditors
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)
3 of 3