REGISTERED NUMBER: 06533732 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st March 2025

for

P. J. Forktrucks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Bell

Mrs C A Bell

A M Bell

SECRETARY:

Mrs C A Bell

REGISTERED OFFICE:

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

REGISTERED NUMBER:

06533732 (England and Wales)

ACCOUNTANTS:

Robin Oatridge & Co Limited

Chartered Certified Accountants

Black Bull House

353-355 Station Road

Bamber Bridge

Preston

Lancashire

PR5 6EE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,764,844

2,643,082

2,764,844

2,643,082

CURRENT ASSETS

Stocks

922,450

747,875

Debtors

6

1,105,279

1,011,450

Cash at bank

452,909

293,320

2,480,638

2,052,645

CREDITORS

Amounts falling due within one year

7

1,032,021

921,372

NET CURRENT ASSETS

1,448,617

1,131,273

TOTAL ASSETS LESS CURRENT LIABILITIES

4,213,461

3,774,355

CREDITORS

Amounts falling due after more than one year

8

(1,236,265

)

(1,379,157

)

PROVISIONS FOR LIABILITIES

(538,325

)

(361,590

)

NET ASSETS

2,438,871

2,033,608

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,438,771

2,033,508

SHAREHOLDERS' FUNDS

2,438,871

2,033,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 1st September 2025 and were signed on its behalf by:

P Bell - Director

Mrs C A Bell - Director

A M Bell - Director

1.	STATUTORY INFORMATION

P. J. Forktrucks 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.

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

Goodwill

Goodwill , being the amount paid in connection with the acquisition of a business in 2008 was being amortised evenly over twenty years. From 2018 this goodwill is now amortised over the balance of its estimated useful life of 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

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

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 13 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1st April 2024

and 31st March 2025

75,000

AMORTISATION

At 1st April 2024

and 31st March 2025

75,000

NET BOOK VALUE

At 31st March 2025

-

At 31st March 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st April 2024

3,805,535

Additions

878,197

Disposals

(481,416

)

At 31st March 2025

4,202,316

DEPRECIATION

At 1st April 2024

1,162,453

Charge for year

573,148

Eliminated on disposal

(298,129

)

At 31st March 2025

1,437,472

NET BOOK VALUE

At 31st March 2025

2,764,844

At 31st March 2024

2,643,082

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st April 2024

2,906,417

Additions

588,566

Disposals

(215,289

)

Transfer to ownership

(96,665

)

At 31st March 2025

3,183,029

DEPRECIATION

At 1st April 2024

618,760

Charge for year

432,084

Eliminated on disposal

(77,614

)

Transfer to ownership

(51,256

)

At 31st March 2025

921,974

NET BOOK VALUE

At 31st March 2025

2,261,055

At 31st March 2024

2,287,657

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

574,617

486,492

Other debtors

530,662

524,958

1,105,279

1,011,450

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

604,258

523,452

Trade creditors

289,093

288,453

Taxation and social security

80,773

50,351

Other creditors

57,897

59,116

1,032,021

921,372

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

1,236,265

1,379,157

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

1,840,523

1,902,609

Hire purchase contracts are secured against specific items of plant and machinery.

10.	RELATED PARTY DISCLOSURES

P. J. Property Solutions Limited is a company under common control. At the period end, there was an interest free loan to P. J. Property Solutions Limited of £472,100 (2024 - £472,100) included within other debtors. This amount has no fixed repayment date. During the year under review and the previous year, P. J. Forktrucks Limited rented a premises owned by P. J. Property Solutions Limited, at a market rate.

P. J. Forktrucks Limited has provided a cross guarantee for P. J. Property Solutions Limited.

11.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.