| |
|
2025 |
|
2024 |
| |
|
£ |
£ |
|
£ |
£
(as restated) |
| Fixed assets |
|
|
4,015 |
|
|
15,472 |
| Current assets |
|
62,182 |
|
|
52,311 |
|
| Creditors: amount falling due within one year |
|
(28,088) |
|
|
(35,059) |
|
|
Net current assets
|
|
|
34,094
|
|
|
17,252
|
|
Total assets less current liabilities
|
|
|
38,109 |
|
|
32,724 |
|
Net assets
|
|
|
38,109 |
|
|
32,724 |
| |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
38,109 |
|
|
32,724 |
| |
NOTES TO THE ACCOUNTS
General Information
MOTHERWELL FORK TRUCKS LIMITED is a private company, limited by shares, registered in Scotland, registration number SC292398, registration address 141 NORTH ORCHARD STREET, MOTHERWELL, ML1 3JL.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant and Machinery |
25% Straight Line
|
| Motor Vehicles |
25% Straight Line
|
| Fixtures and Fittings |
25% Straight Line
|
| Computer Equipment |
25% Straight Line
|
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
|
| 2. |
Tangible fixed assets
| Cost or valuation |
Plant and Machinery |
|
Motor Vehicles |
|
Fixtures and Fittings |
|
Computer Equipment |
|
Total |
| |
£ |
|
£ |
|
£ |
|
£ |
|
£ |
| At 01 December 2024 |
10,392 |
|
89,460 |
|
6,111 |
|
2,561 |
|
108,524 |
| Additions |
- |
|
- |
|
- |
|
- |
|
- |
| Disposals |
(5,073) |
|
(43,709) |
|
- |
|
- |
|
(48,782) |
| At 30 November 2025 |
5,319 |
|
45,751 |
|
6,111 |
|
2,561 |
|
59,742 |
| Depreciation |
| At 01 December 2024 |
10,002 |
|
75,378 |
|
5,111 |
|
2,561 |
|
93,052 |
| Charge for year |
299 |
|
8,856 |
|
999 |
|
- |
|
10,154 |
| On disposals |
(4,983) |
|
(42,496) |
|
- |
|
- |
|
(47,479) |
| At 30 November 2025 |
5,318 |
|
41,738 |
|
6,110 |
|
2,561 |
|
55,727 |
| Net book values |
| Closing balance as at 30 November 2025 |
1 |
|
4,013 |
|
1 |
|
- |
|
4,015 |
| Opening balance as at 01 December 2024 |
390 |
|
14,082 |
|
1,000 |
|
- |
|
15,472 |
|
| 3. |
Average number of employees
Average number of employees during the year was 2 (2024 : 2).
|
For the year ended 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 27 May 2026 and were signed by: --------------------------------
Frank Alexander RODGERS
Director |
2
|
