Cable Fork Truck Services Ltd - Filleted accounts

Registered number

02821534

Cable Fork Truck Services Ltd

Filleted Accounts for the year ended

31 March 2025

Cable Fork Truck Services Ltd
Registered number:		02821534
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		174,032			161,175

Current assets
Stocks		56,280			52,425
Debtors	4	82,575			256,960
Cash at bank and in hand		109,761			51,781
		248,616			361,166

Creditors: amounts falling due within one year	5	(256,847)			(304,597)

Net current (liabilities)/assets			(8,231)			56,569

Total assets less current liabilities			165,801			217,744

Creditors: amounts falling due after more than one year	6		(41,411)			(71,994)

Provisions for liabilities			(25,574)			(22,767)


Net assets			98,816			122,983

Capital and reserves
Called up share capital			100			100
Profit and loss account			98,716			122,883

Shareholders' funds			98,816			122,983

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Lewis
Director
Approved by the board on 8 October 2025

Cable Fork Truck Services Ltd
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant, machinery and motor vehicles	Between 10% to 20% reducing balance basis
	Right-of-use assets	over the lease term

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Right-of-use assets
	Right-of-use assets are initially measured at cost, which includes the amount of the lease liability and any initial direct costs. They are subsequently depreciated on a straight-line basis over the lease term.

	Lease liabilities
	Lease liabilities are measured at the present value of lease payments, discounted at the company's incremental borrowing rate where the interest rate implicit in the lease cannot be readily determined. Lease liabilities are subsequently measured at amortised cost, with interest recognised as a finance cost.

	Short-term leases
	Short-term leases (lease term of 12 months or less) and leases of low-value assets are expensed to the profit and loss account on a straight-line basis.


	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			12		13


3	Tangible fixed assets
		Plant, machinery and motor vehicles etc		Right-of-use assets		Total
£			£		£
	Cost
	At 1 April 2024	381,284		-		381,284
	Additions	-		36,966		36,966
	At 31 March 2025	381,284		36,966		418,250

	Depreciation
	At 1 April 2024	220,109		-		220,109
	Charge for the year	16,117		7,992		24,109
	At 31 March 2025	236,226		7,992		244,218

	Net book value
	At 31 March 2025	145,058		28,974		174,032
	At 31 March 2024	161,175		-		161,175


4	Debtors			2025		2024
£					£

	Trade debtors			56,068		71,613
	Associated company loans			-		184,847
	Other debtors			26,507		500
				82,575		256,960


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			32,250		113,509
	Obligations under finance lease and hire purchase contracts			37,990		32,532
	Trade creditors			82,546		100,647
	Associated company loans			72,749		-
	Taxation and social security costs			29,312		55,749
	Net wages			-		160
	Other creditors			2,000		2,000
				256,847		304,597


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			8,348		30,833
	Obligations under finance lease and hire purchase contracts			33,063		41,161
				41,411		71,994


7	Application of IFRA 16 Leases

	This is the first year the company has applied IFRS 16 Leases. Under the new standard, most leases are now recognised on the balance sheet. A right-of-use asset and a matching lease liability are recognised at the start of the lease. The asset is depreciated over the lease term, and the liability is reduced as lease payments are made, with interest charged to finance costs. The company has adopted IFRS 16 using the modified retrospective approach. Comparatives have not been restated and continue to be shown under the previous standard (IAS 17). At the date of first application, the company recognised right-of-use assets of £36,966 and lease liabilities of £36,966 in respect of vehicle leases previously treated as operating leases.


8	Related party transactions

	As at 31 March 2025, the company owed £72,749 to D.F.L Liftrucs Ltd, a company in which the directors have an interest (2024: £184,847 due from D.F.L Liftrucs Ltd). D.F.L Liftrucs Ltd is a company the directors F W Lewis and P Gillard have an interest in. The 2025 balance is included within creditors, while the 2024 balance was included within debtors. The loan is interest free, unsecured, and has no fixed repayment date.


9	Transactions with the directors

	During the year, the directors and shareholders received dividends amounting to £36,281 (2024: £32,160).


10	Controlling party

	There is no ultimate controlling party. D Lewis, F W Lewis & S Lewis hold a third of the company's shares each.


11	Other information

	Cable Fork Truck Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Suite 1, 1 Old Court Mews
	311 Chase Road
	London
	England
	N14 6JS