Company registration number 00862595 (England and Wales)
GECO LIFT TRUCKS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
GECO LIFT TRUCKS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
GECO LIFT TRUCKS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2026
31 March 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
5
662,607
230,186
Current assets
Stocks
-
85,000
Debtors
6
59,697
57,771
Cash at bank and in hand
471,723
535,886
531,420
678,657
Creditors: amounts falling due within one year
7
(30,304)
(49,730)
Net current assets
501,116
628,927
Total assets less current liabilities
1,163,723
859,113
Provisions for liabilities
(94,099)
(3,418)
Net assets
1,069,624
855,695
Capital and reserves
Called up share capital
551,500
551,500
Revaluation reserve
8
252,404
-
0
Capital redemption reserve
250,000
250,000
Profit and loss reserves
15,720
54,195
Total equity
1,069,624
855,695
GECO LIFT TRUCKS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2026
31 March 2026
- 2 -

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 August 2026 and are signed on its behalf by:
Mrs H Gold
Director
Company registration number 00862595 (England and Wales)
GECO LIFT TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 3 -
1
Accounting policies
Company information

Geco Lift Trucks Limited is a private company limited by shares incorporated in England and Wales. The registered office is Lower William Street, Northam, Southampton, Hampshire, England, SO14 5QE.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and motor vehciles. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The company recognises revenue from the following major sources:

- Sale of goods

- Sale of services

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of goods

Sale of goods are recognised when goods are shipped and title has passed.

Sale of services

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recover able.

GECO LIFT TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 4 -
1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is twenty years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
no depreciation charged
Computer equipment
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Properties whose fair value can be measured reliably are held under the revaluation model and are carried at a revalued amount, being their fair value at the date of valuation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The fair value of the land and buildings is usually considered to be their market value.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a revaluation gain reverses a revaluation loss previously recognised in profit or loss or a revaluation loss exceeds the accumulated revaluation gains recognised in equity; such gains and loss es are recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets. A provision is made for any impairment loss and taken to the profit and loss account.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

GECO LIFT TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -
1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company only enters into Basic financial instrument transactions.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest.

1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

GECO LIFT TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

1.15

Freehold property

No depreciation has been charged on freehold property as the directors are of the opinion that the property is sufficiently maintained and any charge for depreciation would be immaterial.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

GECO LIFT TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2026
2025
Number
Number
Total
4
4
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2025 and 31 March 2026
230,000
Amortisation and impairment
At 1 April 2025 and 31 March 2026
230,000
Carrying amount
At 31 March 2026
-
0
At 31 March 2025
-
0
5
Tangible fixed assets
Land and buildings Freehold
Computer equipment
Motor vehicles
Total
£
£
£
£
Cost or valuation
At 1 April 2025
216,513
3,882
142,051
362,446
Additions
-
0
436
100,567
101,003
Revaluation
168,487
-
0
34,082
202,569
At 31 March 2026
385,000
4,318
276,700
666,018
Depreciation and impairment
At 1 April 2025
-
0
3,147
129,113
132,260
Depreciation charged in the year
-
0
264
4,856
5,120
Revaluation
-
0
-
0
(133,969)
(133,969)
At 31 March 2026
-
0
3,411
-
0
3,411
Carrying amount
At 31 March 2026
385,000
907
276,700
662,607
At 31 March 2025
216,513
735
12,938
230,186
GECO LIFT TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
5
Tangible fixed assets
(Continued)
- 8 -

Land and buildings with a carrying amount of £385,000 were revalued at 21 May 2026 by Woolley & Wallis, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties. The properties were valued after the reporting date by independent valuers, and the directors consider the valuations to be representative of fair value at 31 March 2026

Motor vehicles with a carrying amount of £276,700 were revalued at 10 July 2026 by Marriott & Co, independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms. The motor vehicles were valued after the reporting date by independent valuers, and the directors consider the valuations to be representative of fair value at 31 March 2026

The revaluation surplus is disclosed in note 8.

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

Land and Building
Motor Vehicles
2026
2025
2026
2025
£
£
£
£
Cost
216,513
-
242,617
-
Accumulated depreciation
-
-
(133,970)
-
Carrying value
216,513
-
108,647
-
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
51,746
50,599
Other debtors
7,951
7,172
59,697
57,771
7
Creditors: amounts falling due within one year
2026
2025
£
£
Trade creditors
5,396
6,249
Corporation tax
2,840
18,570
Other taxation and social security
16,282
18,030
Other creditors
5,786
6,881
30,304
49,730
GECO LIFT TRUCKS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 9 -
8
Revaluation reserve
2026
2025
£
£
At the beginning of the year
-
0
-
0
Deferred tax on revaluation of tangible assets
(84,135)
-
Other movements
336,539
-
At the end of the year
252,404
-

The revaluation reserve represents the cumulative surplus arising on the revaluation of the company's freehold property and motor vehicles, net of deferred taxation.

2026-03-31 2025-04-01 false false false 10 August 2026 CCH Software CCH Accounts Production 2026.200 No description of principal activity Mr P J Goddard (DECEASED)Mr M Richardson Mrs H Gold Mr M Richardson 00862595 2025-04-01 2026-03-31 00862595 2026-03-31 00862595 2025-03-31 00862595 core:WithinOneYear 2026-03-31 00862595 core:WithinOneYear 2025-03-31 00862595 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 00862595 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 00862595 core:ShareCapital 2026-03-31 00862595 core:ShareCapital 2025-03-31 00862595 core:RevaluationReserve 2026-03-31 00862595 core:RevaluationReserve 2025-03-31 00862595 core:CapitalRedemptionReserve 2026-03-31 00862595 core:CapitalRedemptionReserve 2025-03-31 00862595 core:RetainedEarningsAccumulatedLosses 2026-03-31 00862595 core:RetainedEarningsAccumulatedLosses 2025-03-31 00862595 core:RevaluationReserve 2025-03-31 00862595 core:RevaluationReserve 2024-03-31 00862595 bus:Director2 2025-04-01 2026-03-31 00862595 core:Goodwill 2025-04-01 2026-03-31 00862595 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 00862595 core:ComputerEquipment 2025-04-01 2026-03-31 00862595 core:MotorVehicles 2025-04-01 2026-03-31 00862595 2024-04-01 2025-03-31 00862595 core:NetGoodwill 2025-03-31 00862595 core:NetGoodwill 2026-03-31 00862595 core:NetGoodwill 2025-03-31 00862595 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 00862595 core:ComputerEquipment 2025-03-31 00862595 core:MotorVehicles 2025-03-31 00862595 2025-03-31 00862595 core:LandBuildings core:OwnedOrFreeholdAssets 2026-03-31 00862595 core:ComputerEquipment 2026-03-31 00862595 core:MotorVehicles 2026-03-31 00862595 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 00862595 core:ComputerEquipment 2025-03-31 00862595 core:MotorVehicles 2025-03-31 00862595 core:CurrentFinancialInstruments 2026-03-31 00862595 core:CurrentFinancialInstruments 2025-03-31 00862595 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 00862595 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 00862595 bus:FRS102 2025-04-01 2026-03-31 00862595 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 00862595 bus:Director1 2025-04-01 2026-03-31 00862595 bus:Director3 2025-04-01 2026-03-31 00862595 bus:CompanySecretary1 2025-04-01 2026-03-31 00862595 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP