Caseware UK (AP4) 2023.0.135 2023.0.135 2024-12-312024-12-31false2024-01-01falseNo description of principal activity1111truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10150953 2024-01-01 2024-12-31 10150953 2023-01-01 2023-12-31 10150953 2024-12-31 10150953 2023-12-31 10150953 c:Director1 2024-01-01 2024-12-31 10150953 c:Director2 2024-01-01 2024-12-31 10150953 c:RegisteredOffice 2024-01-01 2024-12-31 10150953 d:Buildings d:LongLeaseholdAssets 2024-01-01 2024-12-31 10150953 d:Buildings d:LongLeaseholdAssets 2024-12-31 10150953 d:Buildings d:LongLeaseholdAssets 2023-12-31 10150953 d:PlantMachinery 2024-01-01 2024-12-31 10150953 d:PlantMachinery 2024-12-31 10150953 d:PlantMachinery 2023-12-31 10150953 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10150953 d:MotorVehicles 2024-01-01 2024-12-31 10150953 d:MotorVehicles 2024-12-31 10150953 d:MotorVehicles 2023-12-31 10150953 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10150953 d:ComputerEquipment 2024-01-01 2024-12-31 10150953 d:ComputerEquipment 2024-12-31 10150953 d:ComputerEquipment 2023-12-31 10150953 d:ComputerEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10150953 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 10150953 d:CurrentFinancialInstruments 2024-12-31 10150953 d:CurrentFinancialInstruments 2023-12-31 10150953 d:Non-currentFinancialInstruments 2024-12-31 10150953 d:Non-currentFinancialInstruments 2023-12-31 10150953 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 10150953 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10150953 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 10150953 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10150953 d:ShareCapital 2024-12-31 10150953 d:ShareCapital 2023-12-31 10150953 d:RetainedEarningsAccumulatedLosses 2024-12-31 10150953 d:RetainedEarningsAccumulatedLosses 2023-12-31 10150953 c:FRS102 2024-01-01 2024-12-31 10150953 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 10150953 c:FullAccounts 2024-01-01 2024-12-31 10150953 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 10150953 d:WithinOneYear 2024-12-31 10150953 d:WithinOneYear 2023-12-31 10150953 d:BetweenOneFiveYears 2024-12-31 10150953 d:BetweenOneFiveYears 2023-12-31 10150953 2 2024-01-01 2024-12-31 10150953 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:pure
Company registration number: 10150953







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024


PRINS FORKLIFTS UK LTD






































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PRINS FORKLIFTS UK LTD
 


 
COMPANY INFORMATION


Directors
M J Dorman 
C D Cripps 




Registered number
10150953



Registered office
Unit F1 Lympne Distribution Park
Otterpool Lane

Lympne

Hythe

Kent

CT21 4LR




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


PRINS FORKLIFTS UK LTD
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 6


 


PRINS FORKLIFTS UK LTD
REGISTERED NUMBER:10150953



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
802,350
814,644

  
802,350
814,644

Current assets
  

Stocks
  
206,042
246,446

Debtors
 5 
160,207
106,096

Cash at bank and in hand
  
230,990
381,574

  
597,239
734,116

Creditors: amounts falling due within one year
 6 
(228,105)
(358,566)

Net current assets
  
 
 
369,134
 
 
375,550

Total assets less current liabilities
  
1,171,484
1,190,194

Creditors: amounts falling due after more than one year
 7 
(42,200)
(202,427)

  

Net assets
  
1,129,284
987,767


Capital and reserves
  

Called up share capital 
  
150,000
150,000

Profit and loss account
  
979,284
837,767

  
1,129,284
987,767


Page 1

 


PRINS FORKLIFTS UK LTD
REGISTERED NUMBER:10150953


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C D Cripps
Director

Date: 25 April 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 


PRINS FORKLIFTS UK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Prins Forklifts UK Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements.  
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis. There have been no significant judgements and estimates used in the financial statements that have impacted upon this assessment.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is generated through the sale and leasing of forklifts and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 

 
2.4

Operating leases: the company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Page 3

 


PRINS FORKLIFTS UK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful
lives.
Plant & Machinery includes assets of forklifts and these are depreciated on an individual asset basis, with the
aim of giving it a 10% residual value.

Depreciation is provided on the following basis:

Long-term leasehold property
-
60%
Straight line
Motor vehicles
-
40%
Reducing balance
Computer equipment
-
40%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 11 (2023 - 11).

Page 4

 


PRINS FORKLIFTS UK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

4.


Tangible fixed assets





Long-term leasehold property
Plant and machinery
Motor vehicles
Computer equipment
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
39,603
923,673
151,025
10,590
1,124,891


Additions
-
354,985
23,660
-
378,645


Disposals
-
(296,481)
-
-
(296,481)



At 31 December 2024

39,603
982,177
174,685
10,590
1,207,055



Depreciation


At 1 January 2024
39,348
167,027
93,692
10,180
310,247


Charge for the year on owned assets
255
106,371
27,665
164
134,455


Disposals
-
(39,997)
-
-
(39,997)



At 31 December 2024

39,603
233,401
121,357
10,344
404,705



Net book value



At 31 December 2024
-
748,776
53,328
246
802,350



At 31 December 2023
255
756,646
57,333
410
814,644


5.


Debtors

2024
2023
£
£



Trade debtors
123,933
75,233

Other debtors
4,500
4,500

Prepayments and accrued income
31,774
26,363

160,207
106,096


Page 5

 


PRINS FORKLIFTS UK LTD
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
125,710
60,033

Corporation tax
-
41,115

Other taxation and social security
45,919
66,744

Obligations under finance lease and hire purchase contracts
54,566
90,151

Other creditors
1,230
30,602

Accruals and deferred income
680
69,921

228,105
358,566



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
42,200
105,220

Other creditors
-
97,207

42,200
202,427



8.


Commitments under operating leases

At 31 December 2024 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
54,566
39,000

Later than 1 year and not later than 5 years
42,200
94,250

96,766
133,250

 
Page 6