Company registration number: 10939690
Annual report and unaudited financial statements
for the year ended 31 August 2025
for
Gatwick Forklifts Ltd
Pages for filing with the Registrar
Company registration number: 10939690
Gatwick Forklifts Ltd
Balance sheet
as at 31 August 2025
31 Aug 25 31 Aug 24
Note £ £ £ £
Fixed assets
Tangible assets 4 1,466,036 1,302,278
1,466,036 1,302,278
Current assets
Debtors 201,635 211,223
Cash at bank and in hand 32,539 82,612
234,174 293,835
Creditors: amounts falling due within one
year 		(319,645) (309,811)
Net current liabilities (85,471) (15,976)
Total assets less current liabilities 1,380,565 1,286,302
Creditors: Amounts falling due after more
than one year 		(161,460) (221,022)
Provisions for liabilities (366,509) (325,570)
NET ASSETS 852,596 739,710
Capital and reserves
Called up share capital 100 100
Revaluation reserve 125,318 125,318
Profit and loss account 727,178 614,292
TOTAL EQUITY 852,596 739,710
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 August 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 10939690
Gatwick Forklifts Ltd
Balance sheet - continued
as at 31 August 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr A Kenyon, Director
18 May 2026
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Gatwick Forklifts Ltd
Notes to the financial statements
for the year ended 31 August 2025
1 Company information
Gatwick Forklifts Ltd is a private company registered in England and Wales. Its registered number is 10939690. The company is limited by shares. Its registered office is Unit 3 Curtis Farm, Green Lane, Horsham, West Sussex, RH12 499.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and Machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Computer equipment - 25% reducing balance
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
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Gatwick Forklifts Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
2 Accounting policies - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that been enacted or substantively enacted by the balance sheet date and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 12 (2024 - 10).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 September 2024 1,525,631
Additions 611,354
Disposals (418,760)
At 31 August 2025 1,718,225
Depreciation
At 1 September 2024 223,353
Charge for year 57,693
Eliminated on disposal (28,857)
At 31 August 2025 252,189
Net book value
At 31 August 2025 1,466,036
At 31 August 2024 1,302,278
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Gatwick Forklifts Ltd
Notes to the financial statements - continued
for the year ended 31 August 2025
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 31 August 2025 and 31 August 2024.
31 Aug 25 31 Aug 24
£ £
A Kenyon
Balance outstanding at start of year (31,782) -
Amounts advanced 38,073 -
Amounts repaid (37,500) -
Balance outstanding at end of year (31,209) -
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