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REGISTERED NUMBER: 03310394 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Allways Forktruck Services Limited

Allways Forktruck Services Limited (Registered number: 03310394)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Allways Forktruck Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: A Pilkington
Mrs L J Pilkington





SECRETARY: Mrs L J Pilkington





REGISTERED OFFICE: 84-86 Victory Road
Derby
Derbyshire
DE24 8ER





REGISTERED NUMBER: 03310394 (England and Wales)





ACCOUNTANTS: Clover Chartered Certified Accountants
6 Trinity Place
Midland Drive
Sutton Coldfield
West Midlands
B72 1TX

Allways Forktruck Services Limited (Registered number: 03310394)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,315,581 2,050,613

CURRENT ASSETS
Stocks 260,061 261,087
Debtors 5 398,290 377,887
Cash at bank and in hand 1,332,171 1,017,280
1,990,522 1,656,254
CREDITORS
Amounts falling due within one year 6 (36,738 ) 97,376
NET CURRENT ASSETS 1,953,784 1,753,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,269,365

3,804,243

CREDITORS
Amounts falling due after more than one
year

7

(37,733

)

(108,558

)

PROVISIONS FOR LIABILITIES (458,645 ) (392,133 )
NET ASSETS 3,772,987 3,303,552

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 124,720 124,720
Retained earnings 3,648,265 3,178,830
SHAREHOLDERS' FUNDS 3,772,987 3,303,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Allways Forktruck Services Limited (Registered number: 03310394)

Balance Sheet - continued
31 December 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 20 August 2025 and were signed on its behalf by:





A Pilkington - Director


Allways Forktruck Services Limited (Registered number: 03310394)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Allways Forktruck Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 2% on cost
Improvements to property - 10% on reducing balance
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost

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

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Allways Forktruck Services Limited (Registered number: 03310394)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 557,648 4,525 3,188,478 568,774 4,319,425
Additions - - 753,718 - 753,718
Disposals - - (252,120 ) - (252,120 )
At 31 December 2024 557,648 4,525 3,690,076 568,774 4,821,023
DEPRECIATION
At 1 January 2024 75,582 4,525 1,696,859 491,846 2,268,812
Charge for year 11,153 - 283,598 14,479 309,230
Eliminated on disposal - - (109,094 ) - (109,094 )
Transfer to ownership - - - 36,494 36,494
At 31 December 2024 86,735 4,525 1,871,363 542,819 2,505,442
NET BOOK VALUE
At 31 December 2024 470,913 - 1,818,713 25,955 2,315,581
At 31 December 2023 482,066 - 1,491,619 76,928 2,050,613

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 211,692
Transfer to ownership (22,468 )
At 31 December 2024 189,224
DEPRECIATION
At 1 January 2024 160,875
Transfer to ownership 14,026
At 31 December 2024 174,901
NET BOOK VALUE
At 31 December 2024 14,323
At 31 December 2023 50,817

Allways Forktruck Services Limited (Registered number: 03310394)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 380,782 358,532
Other debtors 17,508 19,355
398,290 377,887

The debtors are factored and the balance outstanding to the finance house at the year end is -£265,387 (2023 : -£473,950), this liability is included within creditors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 29,590 31,236
Payments on account (265,387 ) (473,950 )
Trade creditors 79,031 104,395
Taxation and social security 171,755 215,857
Other creditors 21,749 25,086
36,738 (97,376 )

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 37,733 68,889
Other creditors - 39,669
37,733 108,558

8. ULTIMATE CONTROLLING PARTY

The controlling party is A Pilkington and L Pilkington.