REGISTERED NUMBER: 01096495 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

P.L.P. Lift Trucks Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P L Pleasants

Mrs J E Pleasants

J G Organ

R J Kalus

Mrs L K Holland

SECRETARY:

Mrs J E Pleasants

REGISTERED OFFICE:

Unit 3 Monksbridge Business Park

Monksbridge Road

Dinnington

Sheffield

England

S25 3QS

REGISTERED NUMBER:

01096495 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,746,132

1,694,063

CURRENT ASSETS

Stocks

109,704

94,013

Debtors

5

1,238,799

1,301,229

Cash at bank and in hand

162,797

150,591

1,511,300

1,545,833

CREDITORS

Amounts falling due within one year

6

809,758

704,495

NET CURRENT ASSETS

701,542

841,338

TOTAL ASSETS LESS CURRENT LIABILITIES

2,447,674

2,535,401

CREDITORS

Amounts falling due after more than one year

7

(256,972

)

(434,296

)

PROVISIONS FOR LIABILITIES

(387,426

)

(295,251

)

NET ASSETS

1,803,276

1,805,854

CAPITAL AND RESERVES

Called up share capital

6,609

6,609

Share premium

83,750

83,750

Revaluation reserve

9

173,681

173,681

Capital redemption reserve

5,987

5,987

Retained earnings

1,533,249

1,535,827

1,803,276

1,805,854

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 4 December 2025 and were signed on its behalf by:

J G Organ - Director

1.	STATUTORY INFORMATION

P.L.P. Lift Trucks 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.

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.

Leasehold improvements

-

2% on cost

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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 25 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Motor

improvements

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2024

27,339

2,527,269

211,564

361,417

3,127,589

Additions

-

274,666

31,731

-

306,397

Disposals

-

(75,790

)

(58,018

)

(5,959

)

(139,767

)

At 31 May 2025

27,339

2,726,145

185,277

355,458

3,294,219

DEPRECIATION

At 1 June 2024

14,502

1,089,297

176,297

153,430

1,433,526

Charge for year

547

159,451

7,678

51,998

219,674

Eliminated on disposal

-

(45,171

)

(54,161

)

(5,781

)

(105,113

)

At 31 May 2025

15,049

1,203,577

129,814

199,647

1,548,087

NET BOOK VALUE

At 31 May 2025

12,290

1,522,568

55,463

155,811

1,746,132

At 31 May 2024

12,837

1,437,972

35,267

207,987

1,694,063

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

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2024

646,059

270,409

916,468

Additions

159,037

-

159,037

Transfer to ownership

(60,646

)

-

(60,646

)

At 31 May 2025

744,450

270,409

1,014,859

DEPRECIATION

At 1 June 2024

101,269

77,700

178,969

Charge for year

57,600

48,892

106,492

Transfer to ownership

(17,396

)

-

(17,396

)

At 31 May 2025

141,473

126,592

268,065

NET BOOK VALUE

At 31 May 2025

602,977

143,817

746,794

At 31 May 2024

544,790

192,709

737,499

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

392,875

460,279

Amounts owed by group undertakings

808,650

812,650

Other debtors

37,274

28,300

1,238,799

1,301,229

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans and overdrafts

30,000

30,000

Hire purchase contracts

298,163

219,826

Trade creditors

302,459

328,903

Taxation and social security

152,034

103,922

Other creditors

27,102

21,844

809,758

704,495

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Bank loans

-

30,000

Hire purchase contracts

256,972

404,296

256,972

434,296

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.5.25

31.5.24

£

£

Bank loans

30,000

60,000

Hire purchase contracts

555,135

624,122

585,135

684,122

The company's hire purchase liabilities are secured against the assets being acquired.

The company's bank loan is secured against specific assets held within the fleet.

9.

RESERVES

Revaluation

reserve

£

At 1 June 2024

and 31 May 2025

173,681

10.	RELATED PARTY DISCLOSURES

31.5.25

31.5.24

£

£

Rent paid to related parties

49,000

49,000

Balance owing from the parent company

808,650

812,650

Related parties are companies in which a director is also a director or has a controlling interest.