ACCOUNTS - Final Accounts preparation

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:

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.

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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.

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

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

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