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Registered number: 09769665
ENDEAVOUR FORKLIFTS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 OCTOBER 2025
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ENDEAVOUR FORKLIFTS LIMITED
REGISTERED NUMBER: 09769665
BALANCE SHEET
AS AT 31 OCTOBER 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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ENDEAVOUR FORKLIFTS LIMITED
REGISTERED NUMBER: 09769665
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2025
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 comprehensive income 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 on 29 October 2026.
The notes on pages 3 to 14 form part of these financial statements.
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Endeavour Forklifts Limited is a private company, limited by shares, incorporated in England and Wales. The company's registration number is 09769665. The registered office is Unit 49 Aldwarke Business Park, Waddington Way, Rotherham, South Yorkshire, S65 3SH. The principal activity of the Company continued to be that of the rental and sale of forklift trucks.
On 31 October 2025, the immediate parent company, Jofson Limited acquired the trade and assets of the company by way of a distribution in specie from the company after close of trade.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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. The financial statements level of rounding is to the nearest £1.
The following principal accounting policies have been applied:
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Exemption from preparing consolidated financial statements
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The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.
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Change in reporting period
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The financial statements cover a 16 month accounting period from 1 July 2024 to 31 October 2025. The directors made the decision to extend the Company's year end to the date the trade and assets of the Company was acquired by Jofson Limited by way of a distribution in specie after close of trade. As a result, the reported figures for the current and comparative year may not be entirely comparable.
These financial statements have been prepared on the going concern basis, as deemed appropriate by the directors.
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
Turnover from the sale of goods is recognised when the Company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the Company will receive the previously agreed upon payment. In respect of sales of forklift trucks this is typically at the point of acceptance of the truck by the customer, and in respect of part sales at the point when parts are supplied and delivered to the customer. Turnover from the hire of forklift trucks is recognised on a straight line basis over the period of hire.
Where there are maintenance agreeemnts with customers, turnover is recognised on a straight line basis over the agreement otherwise turnover os recognised at the point in time when the work carried out is completed and accepted by the customer.
Turnover is shown net of sales taxes and discounts.
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Operating leases: the Company as lessor
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Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.
Amounts paid and payable as an incentive to sign an operating lease are recognised as a reduction to income over the lease term on a straight-line basis, unless another systematic basis is representative of the time pattern over which the lessor's benefit from the leased asset is diminished.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to statement of comprehensive income 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.
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Leased assets: the Company as lessee
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Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the statement of comprehensive income so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Finance costs are charged to the statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
All borrowing costs are recognised in the statement of comprehensive income in the period in which they are incurred.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in the statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
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Current and deferred taxation
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The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
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.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
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Short-term leasehold property
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Over the term of the lease
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Straight line over 2 to 10 years
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Straight line over 2 to 10 years
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Straight line over 2 to 10 years
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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.
Proceeds and net book values of disposals of hire fleet are recognised within turnover and cost of sales respectively in the statement of comprehensive income. Profits or losses on sales of other fixed assets are shown net within administrative expenses in the statement of comprehensive income.
Investments in subsidiaries are measured at cost less accumulated impairment.
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.
At each balance sheet 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 the statement of comprehensive income.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
2.Accounting policies (continued)
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
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Provisions for liabilities
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Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance Sheet.
The company only has basic financial instruments.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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The average monthly number of employees, including directors, during the period was 20 (2024 - 20).
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
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Short-term leasehold property
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On 31 October 2025, the immediate parent company, Jofson Limited acquired the trade and assets of the company by way of a distribution in specie from the company after close of trade. This acquistion of assets included fixed assets with a net book value of £736,090.
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The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
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Investments in subsidiary companies
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On 30 October 2025, Jofson Limited acquired 100 ordinary shares of £1.00 in Cavaion Baumann UK Limited (comprising the entirety of its share capital) from Endeavour Forklifts Limited, by way of a distribution in specie. Immediately afterwards, Jofson Limited transferred the same to Jofson Ultimate Topco Limited, also by way of a distribution in specie.
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Amounts owed by group undertakings
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Prepayments and accrued income
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On 31 October 2025, the immediate parent company, Jofson Limited acquired the trade, assets and liabilities of the company by way of a distribution in specie from the company after close of trade.
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Cash and cash equivalents
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
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Creditors: Amounts falling due within one year
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Other taxation and social security
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Obligations under finance lease and hire purchase contracts
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Accruals and deferred income
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The obligations under finance leases and hire purchase contracts noted above are secured on the assets to which they relate.
On 31 October 2025, the immediate parent company, Jofson Limited acquired the trade, assets and liabilities of the company by way of a distribution in specie from the company after close of trade.
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Creditors: Amounts falling due after more than one year
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Net obligations under finance leases and hire purchase contracts
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The obligations under finance leases and hire purchase contracts noted above are secured on the assets to which they relate.
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
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Hire purchase and finance leases
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Minimum lease payments under hire purchase fall due as follows:
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The obligations under finance leases and hire purchase contracts noted above are secured on the assets to which they relate.
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
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Credited to the statement of comprehensive income
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The deferred taxation balance is made up as follows:
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Accelerated capital allowances
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Charged to statement of comprehensive income
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Authorised, allotted, called up and fully paid
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50 (2024 - 50) A Ordinary shares of £1.00 each
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50 (2024 - 50) B Ordinary shares of £1.00 each
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
Share premium account
This reserve records the amount above nominal value received for the shares issued in the capital of the Company.
Profit and loss account
This reserve records all current and prior period retained profits and losses.
The Company has agreed to repurchase at the option of the customer, lift trucks which have been sold subject to certain terms and conditions. At 31 October 2025, this commitment amounted to £nil (30 June 2024 - £368,009). These repurchases are not expected to result in a loss for the Company.
A group VAT registration is in force. The Company is therefore jointly and severally liable for the amount of VAT owed by Cavaion Baumann UK Limited. At the balance sheet date this amounted to £nil (30 June 2024 - £23,028).
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Related party transactions
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The Company has taken advantage of the exemptions conferred by FRS 102 not to disclose transactions with its wholly owned subsidiaries.
At the balance sheet date, the Company owed a director £nil (30 June 2024 - £6). This loan is interest free and there are no conditions.
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Post balance sheet events
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On 19 June 2026, the issued share capital of the Company was reduced from £100 to £1 by cancelling and extinguishing 49 A Ordinary shares of £1 each and 50 B Ordinary shares of £1 each.
The share preimum account of the Company in the sum of £99,901 was also cancelled and extinguished on 19 June 2026.
All amounts cancelled and extinguished were credited to the distributive reserves of the Company.
Following the period end, certain assets and liabilities have been hived down from the immediate parent company, Jofson Limited to enable the company to recommence trading.
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ENDEAVOUR FORKLIFTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2025
The immediate parent company is Jofson Limited by virtue of its 100% shareholding in the Company. Jofson Limited was incorporated in England and Wales and its registered office is Unit 8 Westgate Park Industrial Estate, Tintagel Way, Aldridge, Walsall, England, WS9 8ER.
The ultimate parent company is Jofson Ultimate Topco Limited by virtue of its 100% shareholding in Jofson Limited. Jofson Ultimate Topco Limited was incorporated in England and Wales and its registered office is 8-9 Westgate Park Industrial Estate, Tintagel Way, Aldridge, Walsall, West Midlands, England, WS9 8ER.
The ultimate controlling party is R H Moore by virtue of her 100% shareholding in Jofson Ultimate Topco Limited.
The auditors' report on the financial statements for the period ended 31 October 2025 was unqualified.
The audit report was signed on 29 October 2026 by Michael Edwards FCCA (Senior Statutory Auditor) on behalf of Edwards & Co (Codsall) Limited.
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