REGISTERED NUMBER: NI057391 (Northern Ireland)

L S Forklifts Limited

Unaudited Financial Statements for the Year Ended 30 November 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Directors:

Mr L Smyth

Mr D Smyth

Registered office:

12 Clonmakate Road

Portadown

Co. Armagh

BT62 1LR

Registered number:

NI057391 (Northern Ireland)

Accountants:

Exchange Accountants Limited

Chartered Certified Accountants

Oakmont House

2 Queens Road

Lisburn

BT27 4TZ

Bankers:

Ulster Bank

39 Market Square

Dungannon

Co. Tyrone

BT70 1JJ

Fixed assets

Intangible assets

4

-

-

Tangible assets

5

156,136

176,209

156,136

176,209

Current assets

Stocks

6

60,000

60,000

Debtors

7

237,396

186,207

Cash at bank and in hand

178,278

224,015

475,674

470,222

Creditors

Amounts falling due within one year

8

(203,014

)

(261,781

)

Net current assets

272,660

208,441

Total assets less current liabilities

428,796

384,650

Creditors

Amounts falling due after more than one year

9

(29,233

)

(34,821

)

Net assets

399,563

349,829

Capital and reserves

Called up share capital

2

2

Revaluation reserve

123,694

123,694

Retained earnings

275,867

226,133

Shareholders' funds

399,563

349,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 23 April 2026 and were signed on its behalf by:

Mr D Smyth - Director

1.	Statutory information

L S Forklifts Limited is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address can be found on the Company Information page.

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 2011, is being amortised evenly over its estimated useful life of fifteen 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.

Freehold property

-

4% Straight line

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% Straight line

Motor vehicles

-

25% Straight line

Computer equipment

-

25% Straight line

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.

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 6 (2024 - 6 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1 December 2024

and 30 November 2025

140,000

Amortisation

At 1 December 2024

and 30 November 2025

140,000

Net book value

At 30 November 2025

-

At 30 November 2024

-

5.	Tangible fixed assets

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

Cost

At 1 December 2024

215,789

52,670

44,467

Additions

-

-

-

At 30 November 2025

215,789

52,670

44,467

Depreciation

At 1 December 2024

96,573

43,278

44,467

Charge for year

8,632

2,348

-

At 30 November 2025

105,205

45,626

44,467

Net book value

At 30 November 2025

110,584

7,044

-

At 30 November 2024

119,216

9,392

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

Cost

At 1 December 2024

108,590

1,575

423,091

Additions

8,200

-

8,200

At 30 November 2025

116,790

1,575

431,291

Depreciation

At 1 December 2024

61,678

886

246,882

Charge for year

16,899

394

28,273

At 30 November 2025

78,577

1,280

275,155

Net book value

At 30 November 2025

38,213

295

156,136

At 30 November 2024

46,912

689

176,209

6.

Stocks

2025

2024

£

£

Stocks

60,000

60,000

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

233,861

182,578

Prepayments

3,535

3,629

237,396

186,207

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts (see note 10)

-

14,523

Hire purchase contracts

5,589

5,589

Trade creditors

91,437

132,121

Corporation tax

32,476

19,962

Social security and other taxes

1,221

1,548

Other creditors

1,054

279

VAT

46,955

36,014

Pension commitments

299

212

Directors' current accounts

18,166

45,706

Accrued expenses

5,817

5,827

203,014

261,781

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Hire purchase contracts

29,233

34,821

10.

Loans

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

-

14,523

11.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

14,523

Hire purchase contracts

34,822

40,410

34,822

54,933

Bank loans are secured by way of a personal guarantee provided by the directors.

Hire purchase contracts are secured on the assets to which they relate.