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REGISTERED NUMBER: 08129462















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

EASTERN FORKLIFT TRUCKS LIMITED

EASTERN FORKLIFT TRUCKS LIMITED (REGISTERED NUMBER: 08129462)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


EASTERN FORKLIFT TRUCKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P A Brierley
R Cramsie
Ms S Smith





REGISTERED OFFICE: Northern Way
Bury St Edmunds
Suffolk
IP32 6NL





REGISTERED NUMBER: 08129462





ACCOUNTANTS: Streets Hackett Griffey LLP
Accountants & Business Advisers
31 High Street
Haverhill
Suffolk
CB9 8AD

EASTERN FORKLIFT TRUCKS LIMITED (REGISTERED NUMBER: 08129462)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,103,056 2,446,295

CURRENT ASSETS
Stocks 483,124 894,566
Debtors 5 1,836,293 1,342,661
Cash at bank and in hand 913,896 665,744
3,233,313 2,902,971
CREDITORS
Amounts falling due within one year 6 2,188,747 1,815,371
NET CURRENT ASSETS 1,044,566 1,087,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,147,622

3,533,895

CREDITORS
Amounts falling due after more than one
year

7

(795,717

)

(678,790

)

PROVISIONS FOR LIABILITIES (624,123 ) (494,604 )
NET ASSETS 2,727,782 2,360,501

CAPITAL AND RESERVES
Called up share capital 644 644
Capital redemption reserve 56 56
Retained earnings 2,727,082 2,359,801
SHAREHOLDERS' FUNDS 2,727,782 2,360,501

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

EASTERN FORKLIFT TRUCKS LIMITED (REGISTERED NUMBER: 08129462)

BALANCE SHEET - continued
30 SEPTEMBER 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 Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:




P A Brierley - Director Ms S Smith - Director




R Cramsie - Director


EASTERN FORKLIFT TRUCKS LIMITED (REGISTERED NUMBER: 08129462)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Eastern Forklift Trucks Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 the amount derived from ordinary activities, stated after trade discounts, other sales taxes and net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on cost and 10% on reducing balance

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

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

EASTERN FORKLIFT TRUCKS LIMITED (REGISTERED NUMBER: 08129462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued

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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised as income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised as income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 30 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 October 2023 254,797 455,274 27,677
Additions - 122,177 -
Disposals - - -
At 30 September 2024 254,797 577,451 27,677
DEPRECIATION
At 1 October 2023 24,366 241,487 15,995
Charge for year 2,542 4,403 2,764
Eliminated on disposal - - -
At 30 September 2024 26,908 245,890 18,759
NET BOOK VALUE
At 30 September 2024 227,889 331,561 8,918
At 30 September 2023 230,431 213,787 11,682

EASTERN FORKLIFT TRUCKS LIMITED (REGISTERED NUMBER: 08129462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Hire Motor Office
fleet vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 1,990,252 623,273 25,385 3,376,658
Additions 1,255,416 129,965 3,107 1,510,665
Disposals (544,795 ) (130,690 ) - (675,485 )
At 30 September 2024 2,700,873 622,548 28,492 4,211,838
DEPRECIATION
At 1 October 2023 401,475 235,566 11,474 930,363
Charge for year 216,472 106,780 3,864 336,825
Eliminated on disposal (113,419 ) (44,987 ) - (158,406 )
At 30 September 2024 504,528 297,359 15,338 1,108,782
NET BOOK VALUE
At 30 September 2024 2,196,345 325,189 13,154 3,103,056
At 30 September 2023 1,588,777 387,707 13,911 2,446,295

Included in cost of land and buildings is freehold land of £ 191,242 (2023 - £ 191,242 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 956,105 499,809
Other debtors 880,188 842,852
1,836,293 1,342,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 13,195
Hire purchase contracts 347,762 318,840
Trade creditors 1,519,495 1,283,966
Taxation and social security 304,827 164,825
Other creditors 16,663 34,545
2,188,747 1,815,371

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 72,554
Hire purchase contracts 780,117 589,436
Other creditors 15,600 16,800
795,717 678,790

EASTERN FORKLIFT TRUCKS LIMITED (REGISTERED NUMBER: 08129462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans - 72,554

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,127,879 908,276
Bank loan - 85,749
1,127,879 994,025

Borrowings are secured on the asset financed.

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments in respect of operating leases is £649,812 (2023 £165,572).

10. OFF-BALANCE SHEET ARRANGEMENTS

The company has entered into residual value contracts amounting to £2,540,187 falling due within 5 years.

These contracts relate to stock sold by the company which is required by the customers' lessors to be repurchased at a fixed residual value at the end of the lease term.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
P A Brierley
Balance outstanding at start of year 336,970 330,424
Amounts advanced 7,582 6,546
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 344,552 336,970

R Cramsie
Balance outstanding at start of year 38,380 -
Amounts advanced 21,874 38,380
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 60,254 38,380

EASTERN FORKLIFT TRUCKS LIMITED (REGISTERED NUMBER: 08129462)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Interest at a rate of 2.25% amounting to £8,558 was charged on advances.