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Company registration number: 10150953
| UNAUDITED FINANCIAL STATEMENTS
| FOR THE YEAR ENDED 31 DECEMBER 2025
| PRINS FORKLIFTS UK LTD
PRINS FORKLIFTS UK LTD |  |
COMPANY INFORMATION
Director | C D Cripps
Registered number | 10150953
Registered office | Unit F1 Lympne Distribution Park
| Otterpool Lane
| Lympne
| Hythe
| Kent
| CT21 4LR
Accountants | Menzies LLP
| Chartered Accountants
| Magna House
| 18-32 London Road
| Staines-Upon-Thames
| TW18 4BP
PRINS FORKLIFTS UK LTD |  |
CONTENTS
| Page
Statement of Financial Position | 1 - 2
Notes to the Financial Statements | 3 - 6
PRINS FORKLIFTS UK LTD REGISTERED NUMBER:10150953 |  |
STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 920,359 |  | 802,350
|  |  | 920,359 |  | 802,350
Current assets |  |  |  |  |
Stocks |  | 120,898 |  | 206,042 |
Debtors | 5 | 167,307 |  | 160,207 |
Cash at bank and in hand |  | 231,593 |  | 230,990 |
|  | 519,798 |  | 597,239 |
Creditors: amounts falling due within one year | 6 | (364,452) |  | (228,105) |
Net current assets |  |  | 155,346 |  | 369,134
Total assets less current liabilities |  |  | 1,075,705 |  | 1,171,484
Creditors: amounts falling due after more than one year | 7 |  | (127,249) |  | (42,200)
Net assets |  |  | 948,456 |  | 1,129,284
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 150,000 |  | 150,000
Profit and loss account |  |  | 798,456 |  | 979,284
|  |  | 948,456 |  | 1,129,284
Page 1
PRINS FORKLIFTS UK LTD REGISTERED NUMBER:10150953 |  |
STATEMENT OF FINANCIAL POSITION (CONTINUED) AS AT 31 DECEMBER 2025 The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
C D Cripps
Director
Date: 23 April 2026
The notes on pages 3 to 6 form part of these financial statements. Page 2
PRINS FORKLIFTS UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
1. | General information
Prins Forklifts UK Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is given in the company information page of these financial statements. The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The following principal accounting policies have been applied:
| 2.2 | Going concern
The financial statements have been prepared on a going concern basis. There have been no significant judgements and estimates used in the financial statements that have impacted upon this assessment.
| 2.3 | Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is generated through the sale and leasing of forklifts and is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
| 2.4 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.5 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 3
PRINS FORKLIFTS UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 2.Accounting policies (continued)
| 2.6 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. Plant & Machinery includes assets of forklifts and these are depreciated on an individual asset basis, with the aim of giving it a 10% residual value. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - | 60% | Straight line
|  |  |  | Motor vehicles | - | 40% | Reducing balance
|  |  |  | Computer equipment | - | 40% | Reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.7 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
3. | Employees
| The average monthly number of employees, including directors, during the year was 11 (2024 - 11).
Page 4
PRINS FORKLIFTS UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
4. | Tangible fixed assets
|  | Long-term leasehold property | Plant and machinery | Motor vehicles | Computer equipment | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 January 2025 | 39,603 | 982,177 | 174,685 | 10,590 | 1,207,055
| Additions | - | 360,596 | 21,994 | 1,010 | 383,600
| Disposals | - | (268,818) | - | - | (268,818)
| Transfers between classes | - | (9,000) | 9,000 | - | -
| At 31 December 2025 | 39,603 | 1,064,955 | 205,679 | 11,600 | 1,321,837
| Depreciation |  |  |  |  |
| At 1 January 2025 | 39,603 | 233,401 | 121,357 | 10,344 | 404,705
| Charge for the year on owned assets | - | 103,189 | 6,804 | 313 | 110,306
| Disposals | - | (85,774) | (27,759) | - | (113,533)
| At 31 December 2025 | 39,603 | 250,816 | 100,402 | 10,657 | 401,478
| Net book value |  |  |  |  |
| At 31 December 2025 | - | 814,139 | 105,277 | 943 | 920,359
| At 31 December 2024 | - | 748,776 | 53,328 | 246 | 802,350
5. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 123,513 | 123,933
| Other debtors | 5,411 | 4,500
| Prepayments and accrued income | 38,383 | 31,774
|  | 167,307 | 160,207
Page 5
PRINS FORKLIFTS UK LTD |  |
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | 282,313 | 125,710
| Other taxation and social security | 12,237 | 45,919
| Obligations under finance lease and hire purchase contracts | 74,559 | 54,566
| Other creditors | 12,125 | 1,230
| Accruals and deferred income | (16,782) | 680
|  | 364,452 | 228,105
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 127,249 | 42,200
|  | 127,249 | 42,200
8. | Commitments under operating leases
| At 31 December 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 4,381 | 39,000
| Later than 1 year and not later than 5 years | - | 4,381
|  | 4,381 | 43,381
Page 6