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
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
City Forklift Trucks Limited
Statement of financial position
as at 30 September 2024
Tangible assets
43,936
65,467
Cash at bank and in hand
78,229
76,746
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
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
City Forklift Trucks Limited
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
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
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
At 30 September 2024
43,032
820
84
43,936
At 30 September 2023
63,935
1,223
309
65,467
Amounts falling due within one year
Trade debtors
16,536
10,333
Accrued income and prepayments
1,384
1,384
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
19,889
13,827
Taxes and social security
20,383
24,589
Loans from directors
-
(20,917)
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
14,668
4,506
8
Average number of employees
During the year the average number of employees was 5 (2023: 5).