Acorah Software Products - Accounts Production 16.5.460 false true 31 March 2024 1 April 2023 false 1 April 2024 31 March 2025 31 March 2025 02598015 Mr Philip Flowers Mr Peter Harvey Mr Alexander Flowers Mr Ian Roden iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02598015 2024-03-31 02598015 2025-03-31 02598015 2024-04-01 2025-03-31 02598015 frs-core:CurrentFinancialInstruments 2025-03-31 02598015 frs-core:Non-currentFinancialInstruments 2025-03-31 02598015 frs-core:BetweenOneFiveYears 2025-03-31 02598015 frs-core:ComputerEquipment 2025-03-31 02598015 frs-core:ComputerEquipment 2024-04-01 2025-03-31 02598015 frs-core:ComputerEquipment 2024-03-31 02598015 frs-core:FurnitureFittings 2025-03-31 02598015 frs-core:FurnitureFittings 2024-04-01 2025-03-31 02598015 frs-core:FurnitureFittings 2024-03-31 02598015 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2025-03-31 02598015 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-04-01 2025-03-31 02598015 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-03-31 02598015 frs-core:MotorVehicles 2025-03-31 02598015 frs-core:MotorVehicles 2024-04-01 2025-03-31 02598015 frs-core:MotorVehicles 2024-03-31 02598015 frs-core:PlantMachinery 2025-03-31 02598015 frs-core:PlantMachinery 2024-04-01 2025-03-31 02598015 frs-core:PlantMachinery 2024-03-31 02598015 frs-core:WithinOneYear 2025-03-31 02598015 frs-core:RevaluationReserve 2024-04-01 2025-03-31 02598015 frs-core:RevaluationReserve 2024-03-31 02598015 frs-core:RevaluationReserve 2025-03-31 02598015 frs-core:ShareCapital 2025-03-31 02598015 frs-core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 02598015 frs-core:RetainedEarningsAccumulatedLosses 2025-03-31 02598015 frs-bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02598015 frs-bus:FilletedAccounts 2024-04-01 2025-03-31 02598015 frs-bus:SmallEntities 2024-04-01 2025-03-31 02598015 frs-bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02598015 frs-bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02598015 frs-bus:Director1 2024-04-01 2025-03-31 02598015 frs-bus:Director2 2024-04-01 2025-03-31 02598015 frs-bus:Director2 2024-03-31 02598015 frs-bus:Director2 2025-03-31 02598015 frs-bus:Director3 2024-04-01 2025-03-31 02598015 frs-bus:Director3 2024-03-31 02598015 frs-bus:Director3 2025-03-31 02598015 frs-bus:Director4 2024-04-01 2025-03-31 02598015 frs-core:CurrentFinancialInstruments 1 2025-03-31 02598015 frs-core:Non-currentFinancialInstruments 1 2025-03-31 02598015 frs-countries:EnglandWales 2024-04-01 2025-03-31 02598015 2023-03-31 02598015 2024-03-31 02598015 2023-04-01 2024-03-31 02598015 frs-core:CurrentFinancialInstruments 2024-03-31 02598015 frs-core:Non-currentFinancialInstruments 2024-03-31 02598015 frs-core:BetweenOneFiveYears 2024-03-31 02598015 frs-core:MotorVehicles 2023-04-01 2024-03-31 02598015 frs-core:WithinOneYear 2024-03-31 02598015 frs-core:RevaluationReserve 2023-04-01 2024-03-31 02598015 frs-core:RevaluationReserve 2023-03-31 02598015 frs-core:RevaluationReserve 2024-03-31 02598015 frs-core:ShareCapital 2023-03-31 02598015 frs-core:ShareCapital 2024-03-31 02598015 frs-core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 02598015 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2023-03-31 02598015 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 02598015 frs-core:CurrentFinancialInstruments 1 2024-03-31 02598015 frs-core:Non-currentFinancialInstruments 1 2024-03-31
Registered number: 02598015
B.J.B. Lift Trucks Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Appleleaf Chartered Certified Accountants
ACCA
5 Town Hall Street
Grimsby
Lincolnshire
DN31 1HN
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—9
Page 1
Balance Sheet
Registered number: 02598015
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,420,319 822,122
1,420,319 822,122
CURRENT ASSETS
Stocks 5 254,248 248,639
Debtors 6 1,119,935 1,081,827
Cash at bank and in hand 100,626 31,872
1,474,809 1,362,338
Creditors: Amounts Falling Due Within One Year 7 (1,629,537 ) (1,397,550 )
NET CURRENT ASSETS (LIABILITIES) (154,728 ) (35,212 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,265,591 786,910
Creditors: Amounts Falling Due After More Than One Year 8 (835,885 ) (370,857 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (137,403 ) (148,815 )
NET ASSETS 292,303 267,238
CAPITAL AND RESERVES
Called up share capital 11 106 106
Revaluation reserve 13 252,461 177,743
Profit and Loss Account 39,736 89,389
SHAREHOLDERS' FUNDS 292,303 267,238
Page 1
Page 2
For the year ending 31 March 2025 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Roden
Director
17 September 2025
The notes on pages 4 to 9 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Revaluation reserve Profit and Loss Account Total
£ £ £ £
As at 1 April 2023 106 22,951 163,906 186,963
Profit for year - - 773,798 773,798
Surplus on revaluation - 160,397 - 160,397
Deficit on revaluation - (5,605) - (5,605)
Other comprehensive income for the year - 154,792 - 154,792
Total comprehensive income for the year - 154,792 773,798 928,590
Dividends paid - - (848,315) (848,315)
As at 31 March 2024 and 1 April 2024 106 177,743 89,389 267,238
Profit for year - - 646,707 646,707
Surplus on revaluation - 233,218 - 233,218
Deficit on revaluation - (158,500) - (158,500)
Other comprehensive income for the year - 74,718 - 74,718
Total comprehensive income for the year - 74,718 646,707 721,425
Dividends paid - - (696,360) (696,360)
As at 31 March 2025 106 252,461 39,736 292,303
Page 3
Page 4
Notes to the Financial Statements
1. General Information
B.J.B. Lift Trucks Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02598015 . The registered office is BJB House Estate Road Number 1, Grimsby, N E Lincolnshire, DN31 2TB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold The period of the lease
Plant & Machinery 10% on cost
Motor Vehicles 25% on cost
Fixtures & Fittings 25% on cost
Forklift Trucks Revalued to market value at each year end
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2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 30 (2024: 30)
30 30
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Page 6
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
Cost or Valuation
As at 1 April 2024 168,422 70,493 735,348 100,747
Additions 34,519 - 311,306 -
Disposals - - (71,318 ) -
Revaluation - - - -
As at 31 March 2025 202,941 70,493 975,336 100,747
Depreciation
As at 1 April 2024 152,157 46,883 398,560 85,478
Provided during the period 16,848 4,041 175,939 5,357
Disposals - - (18,220 ) -
As at 31 March 2025 169,005 50,924 556,279 90,835
Net Book Value
As at 31 March 2025 33,936 19,569 419,057 9,912
As at 1 April 2024 16,265 23,610 336,788 15,269
Forklift Trucks Total
£ £
Cost or Valuation
As at 1 April 2024 430,190 1,505,200
Additions 693,048 1,038,873
Disposals (289,825 ) (361,143 )
Revaluation 104,432 104,432
As at 31 March 2025 937,845 2,287,362
Depreciation
As at 1 April 2024 - 683,078
Provided during the period - 202,185
Disposals - (18,220 )
As at 31 March 2025 - 867,043
Net Book Value
As at 31 March 2025 937,845 1,420,319
As at 1 April 2024 430,190 822,122
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Page 7
Included within the net book value of land and buildings above in respect to freehold land and buildings is £NIL (2024 - £NIL) and in respect of long leasehold land and buildings is £33,936 (2024 - £16,265).
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 403,580 326,278
Cost or valuation as at 31 March 2025 represented by:
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings
£ £ £ £
At cost 202,941 70,493 975,336 100,747
202,941 70,493 975,336 100,747
Forklift Trucks Total
£ £
At cost 937,845 2,287,362
937,845 2,287,362
5. Stocks
2025 2024
£ £
Materials 254,248 248,639
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 512,609 759,570
Prepayments and accrued income 57,423 625
Corporation tax recoverable assets 45,172 45,172
Directors' loan accounts 504,731 276,460
1,119,935 1,081,827
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7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 218,375 111,010
Trade creditors 394,268 564,421
Bank loans and overdrafts 334,413 249,256
Corporation tax 102,620 265,976
Other taxes and social security 29,190 30,387
VAT 156,266 119,153
Other loans 362,301 24,000
Accruals and deferred income 32,104 33,347
1,629,537 1,397,550
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 726,282 358,556
Bank loans 109,603 -
Other loans (Long term liabilities - creditors > 1 year) - 12,301
835,885 370,857
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 944,657 469,666
Bank loans and overdrafts 334,413 249,256
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 218,375 111,010
Later than one year and not later than five years 726,282 358,556
944,657 469,566
944,657 469,566
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11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 106 106
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Philip Flowers 142,622 111,908 - - 254,530
Mr Peter Harvey 135,202 115,000 - - 250,202
The above loan is unsecured and repayable on demand.
Interest is charged at 2.25% on the outstanding balance of the loan.
13. Reserves
Revaluation Reserve
£
As at 1 April 2024 177,743
Surplus on revaluation 233,218
Deficit on revaluation (158,500)
As at 31 March 2025 252,461
Page 9