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Company Registration No. 4221443 (England and Wales)
City Forklift Trucks Limited Unaudited accounts for the year ended 30 September 2024
City Forklift Trucks Limited Unaudited accounts Contents
Page
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City Forklift Trucks Limited Company Information for the year ended 30 September 2024
Directors
SM Holt JM Holt SJ Holt
Company Number
4221443 (England and Wales)
Registered Office
Unit 16, Fireclay Business Park Thornton Road Bradford West Yorkshire BD13 3QG ENGLAND
Accountants
Pearson & Associates Suite E, Canal Wharf Eshton Road Gargrave, Skipton North Yorkshire BD23 3SE
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City Forklift Trucks Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
43,936 
65,467 
Current assets
Inventories
55,387 
67,387 
Debtors
17,920 
20,177 
Cash at bank and in hand
78,229 
76,746 
151,536 
164,310 
Creditors: amounts falling due within one year
(41,115)
(18,342)
Net current assets
110,421 
145,968 
Total assets less current liabilities
154,357 
211,435 
Creditors: amounts falling due after more than one year
(24,668)
(20,359)
Provisions for liabilities
Deferred tax
(8,348)
(12,439)
Net assets
121,341 
178,637 
Capital and reserves
Called up share capital
3 
3 
Profit and loss account
121,338 
178,634 
Shareholders' funds
121,341 
178,637 
For the year ending 30 September 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by
SM Holt Director Company Registration No. 4221443
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City Forklift Trucks Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
City Forklift Trucks Limited is a private company, limited by shares, registered in England and Wales, registration number 4221443. The registered office is Unit 16, Fireclay Business Park, Thornton Road, Bradford, West Yorkshire, BD13 3QG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing Blance
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% on Cost
Computer equipment
33% on Cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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City Forklift Trucks Limited Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
107,560 
2,664 
6,942 
117,166 
Additions
12,750 
- 
- 
12,750 
Disposals
(29,995)
- 
- 
(29,995)
At 30 September 2024
90,315 
2,664 
6,942 
99,921 
Depreciation
At 1 October 2023
43,625 
1,441 
6,633 
51,699 
Charge for the year
15,375 
403 
225 
16,003 
On disposals
(11,717)
- 
- 
(11,717)
At 30 September 2024
47,283 
1,844 
6,858 
55,985 
Net book value
At 30 September 2024
43,032 
820 
84 
43,936 
At 30 September 2023
63,935 
1,223 
309 
65,467 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,536 
10,333 
Accrued income and prepayments
1,384 
1,384 
Other debtors
- 
8,460 
17,920 
20,177 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
19,889 
13,827 
Taxes and social security
20,383 
24,589 
Other creditors
843 
843 
Loans from directors
- 
(20,917)
41,115 
18,342 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,000 
15,853 
Obligations under finance leases and hire purchase contracts
14,668 
4,506 
24,668 
20,359 
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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