FORKLIFTEK LIMITED


Director	BOWN, Christopher Barry


Registered Address	Suite 2.05 Swans Centre For Innovation
	Station Road
	Wallsend
	NE28 6EQ


Registered Number	11940860 (England and Wales)

Balance Sheet as at
30 April 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		277,950		286,512
			277,950		286,512
Current assets
Debtors		13,018		15,895
Cash at bank and on hand		1,942		-
		14,960		15,895
Creditors amounts falling due within one year	4	(62,542)		(61,911)
Net current assets (liabilities)			(47,582)		(46,016)
Total assets less current liabilities			230,368		240,496
Creditors amounts falling due after one year	5		(56,056)		(89,229)
Net assets			174,312		151,267
Capital and reserves
Called up share capital			2		2
Profit and loss account			174,310		151,265
Shareholders' funds			174,312		151,267

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 13 January 2026, and are signed on its behalf by:

BOWN, Christopher Barry
Director
Registered Company No. 11940860

FORKLIFTEK LIMITED

Notes to the Financial Statements
for the year ended 30 April 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Turnover policy
	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.

	Revenue from sale of goods
	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.

Revenue from sale of goods

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.

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

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Reducing balance (%)
	Plant and machinery	10
	Fixtures and fittings	15
	Vehicles	20

2.	Average number of employees


		2025		2024
	Average number of employees during the year	2		2

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 May 24	287,328	80,117	6,250	373,695
Additions	29,210	-	-	29,210
At 30 April 25	316,538	80,117	6,250	402,905
Depreciation and impairment
At 01 May 24	61,841	24,717	625	87,183
Charge for year	25,887	11,041	844	37,772
At 30 April 25	87,728	35,758	1,469	124,955
Net book value
At 30 April 25	228,810	44,359	4,781	277,950
At 30 April 24	225,487	55,400	5,625	286,512

4.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	48,725	49,662
Bank borrowings and overdrafts	1,171	10,615
Taxation and social security	12,646	1,634
Total	62,542	61,911


	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.

5.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	29,706	47,854
Other creditors	26,350	41,375
Total	56,056	89,229

6.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	26,351		41,375