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Company registration number:
09793334
Independent Forklift Services (Midlands) Ltd
Unaudited Filleted Abridged Financial Statements for the year ended
30 November 2025
Independent Forklift Services (Midlands) Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Independent Forklift Services (Midlands) Ltd
Year ended
30 November 2025
As described on the abridged statement of financial position, the Board of Directors of
Independent Forklift Services (Midlands) Ltd
are responsible for the preparation of the
abridged financial statements
for the year ended
30 November 2025
, which comprise the abridged income statement, statement of income and retained earnings, abridged statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited abridged financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Belles Accountants Ltd
Chartered Certified Accountants
8 Main Street
Bilton
Rugby
Warwickshire
CV22 7NB
United Kingdom
Date:
20 May 2026
Independent Forklift Services (Midlands) Ltd
Abridged Statement of Financial Position
30 November 2025

|  | 2025 | 2024
--- | --- | --- | ---
| Note | £ | £
Fixed assets |  |  |  |  |
Intangible assets | 5 | - |  | 1,100 |
Tangible assets | 5 | 150,335 |  | 124,376 |
|  | 150,335 |  | 125,476 |
Current assets |  |  |  |  |
Stocks |  | 15,200 |  | 30,730 |
Debtors |  | 85,413 |  | 98,937 |
Cash at bank and in hand |  | 197,069 |  | 143,243 |
|  | 297,682 |  | 272,910 |
Creditors: amounts falling due within one year |  | (198,503 | ) | (201,176 | )
Net current assets |  | 99,179 |  | 71,734 |
Total assets less current liabilities |  | 249,514 |  | 197,210 |
Creditors: amounts falling due after more than one year |  | - |  | (5,000 | )
Provisions for liabilities |  | (34,933 | ) | (31,094 | )
Net assets |  | 214,581 |  | 161,116 |
Capital and reserves |  |  |  |  |
Called up share capital |  | 101 |  | 101 |
Profit and loss account |  | 214,480 |  | 161,015 |
Shareholders funds |  | 214,581 |  | 161,116 |

For the year ending
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 abridged financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements.

All of the members have consented to the preparation of the abridged statement of financial position and the abridged income statement for the year ended
30 November 2025
in accordance with Section 444(2A) of the Companies Act 2006.
These
abridged 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.
These
abridged financial statements
were approved by the board of directors and authorised for issue on
20 May 2026
, and are signed on behalf of the board by:

Mr David Blunden
Director

Company registration number:
09793334
Independent Forklift Services (Midlands) Ltd
Notes to the Abridged Financial Statements
Year ended
30 November 2025

## 1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
46 Wentworth Road
,
Bilton
,
Rugby
,
Warwickshire
,
CV22 6BG
, United Kingdom.

## 2 Statement of compliance

These
abridged financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

## 3 Accounting policies

## Basis of preparation

The
abridged financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
abridged financial statements
are prepared in sterling, which is the functional currency of the company.

## Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

## Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

## Goodwill

Purchased goodwill arises on business acquisitions and represents the difference between the cost of acquisition and the fair values of the identifiable assets and liabilities acquired.
Goodwill is initially recorded at cost, and is subsequently stated at cost less any accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over the useful economic life of the asset. Where a reliable estimate of the useful life of goodwill cannot be made, the life is presumed not to exceed five years.

## Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. However, Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Goodwill | 10% straight line

## Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant and machinery | 15% reducing balance
Fixtures and fittings | 25% reducing balance
Motor vehicles | 25% reducing balance

## Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

## Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

## Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

## Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

## 4 Average number of employees

The average number of persons employed by the company during the year was
7
(2024:
7
).

## 5 Fixed assets

| Intangible assets | Tangible assets | Total
--- | --- | --- | ---
| £ | £ | £
Cost |  |  |  |  |  |
At 1 December 2024 | 11,000 |  | 251,295 |  | 262,295 |
Additions | - |  | 83,997 |  | 83,997 |
Disposals | - |  | (25,068 | ) | (25,068 | )
At 30 November 2025 | 11,000 |  | 310,224 |  | 321,224 |
Amortisation and depreciation |  |  |  |  |  |
At 1 December 2024 | 9,900 |  | 126,919 |  | 136,819 |
Charge | 1,100 |  | 50,124 |  | 51,224 |
Disposals | - |  | (17,154 | ) | (17,154 | )
At 30 November 2025 | 11,000 |  | 159,889 |  | 170,889 |
Carrying amount |  |  |  |  |  |
At 30 November 2025 | - |  | 150,335 |  | 150,335 |
At 30 November 2024 | 1,100 |  | 124,376 |  | 125,476 |