Cable Fork Truck Services Ltd - Filleted accounts

Registered number

02821534

Cable Fork Truck Services Ltd

Filleted Accounts for the year ended

31 March 2026

Cable Fork Truck Services Ltd
Registered number:		02821534
Balance Sheet
as at 31 March 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		170,244			174,032

Current assets
Stocks		62,600			56,280
Debtors	4	144,406			82,575
Cash at bank and in hand		45,926			109,761
		252,932			248,616

Creditors: amounts falling due within one year	5	(229,624)			(256,847)

Net current assets/(liabilities)			23,308			(8,231)

Total assets less current liabilities			193,552			165,801

Creditors: amounts falling due after more than one year	6		(89,784)			(41,411)

Provisions for liabilities			(25,574)			(25,574)


Net assets			78,194			98,816

Capital and reserves
Called up share capital			100			100
Profit and loss account			78,094			98,716

Shareholders' funds			78,194			98,816

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Lewis
Director
Approved by the board on 3 November 2026

Cable Fork Truck Services Ltd
Notes to the Accounts
for the year ended 31 March 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant, machinery and motor vehicles	10% to 20% on a reducing balance basis
	Right-of-use assets	over the lease term

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Right-of-use assets
	Right-of-use assets are initially measured at cost, which includes the amount of the lease liability and any initial direct costs. They are subsequently depreciated on a straight-line basis over the lease term.

	Lease liabilities
	Lease liabilities are measured at the present value of lease payments, discounted at the company's incremental borrowing rate where the interest rate implicit in the lease cannot be readily determined. Lease liabilities are subsequently measured at amortised cost, with interest recognised as a finance cost.

	Short-term leases
	Short-term leases (lease term of 12 months or less) and leases of low-value assets are expensed to the profit and loss account on a straight-line basis.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			11		12


3	Tangible fixed assets
		Plant, machinery and motor vehicles		Right-of-use assets		Total
£			£		£
	Cost
	At 1 April 2025	381,284		36,966		418,250
	Additions	21,750		-		21,750
	At 31 March 2026	403,034		36,966		440,000

	Depreciation
	At 1 April 2025	236,226		7,992		244,218
	Charge for the year	16,681		8,857		25,538
	At 31 March 2026	252,907		16,849		269,756

	Net book value
	At 31 March 2026	150,127		20,117		170,244
	At 31 March 2025	145,058		28,974		174,032


4	Debtors			2026		2025
£					£

	Trade debtors			97,920		56,068
	Associated company loans			46,486		-
	Other debtors			-		26,507
				144,406		82,575


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Bank loans and overdrafts			117,012		32,250
	Obligations under finance lease and hire purchase contracts			7,653		37,990
	Trade creditors			74,588		82,546
	Associated company loans			-		72,749
	Taxation and social security costs			15,709		29,312
	Lease liabilities			8,857		-
	Other creditors			5,805		2,000
				229,624		256,847


6	Creditors: amounts falling due after one year			2026		2025
£					£

	Bank loans			61,262		8,348
	Obligations under finance lease and hire purchase contracts			15,317		33,063
	Lease liabilities			13,205		-
				89,784		41,411


7	Transactions with the directors

	During the year, the directors and/or shareholders F W Lewis, S Lewis and D Lewis received dividends amounting to £34,059 (2025: £36,281).


8	Related party transactions

	At 31 March 2026, the company was owed £46,486 by D.F.L Liftrucs Ltd, a company the directors F W Lewis, D Lewis and P Gillard have an interest in (2025: owed £72,749 to D.F.L Liftrucs Ltd). The loan is unsecured, interest-free, has no set repayment date and is included within debtors (last year in creditors: amounts falling due within one year).


9	Controlling party

	There is no ultimate controlling party. D Lewis, F W Lewis and S Lewis who are family members hold a third of the company's shares each.


10	Other information

	Cable Fork Truck Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Suite A, 1 Old Court Mews
	311 Chase Road
	London
	England
	N14 6JS