Elev8 Fork Trucks Ltd - Accounts to registrar (filleted) - small 18.2

Elev8 Fork Trucks Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08560720(England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2020

FOR

ELEV8 FORK TRUCKS LTD

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELEV8 FORK TRUCKS LTD

COMPANY INFORMATION
for the Year Ended 30th June 2020







DIRECTOR: J M L Tomblin





REGISTERED OFFICE: Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX





REGISTERED NUMBER: 08560720(England and Wales)





ACCOUNTANTS: Stephenson Nuttall & Co
Chartered Accountants
Ossington Chambers
6-8 Castle Gate
Newark
Nottinghamshire
NG24 1AX

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

BALANCE SHEET
30th June 2020

30/6/20 30/6/19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,670 15,380

CURRENT ASSETS
Stocks 39,960 38,327
Debtors 5 4,525 11,386
Cash at bank 30,188 58,132
74,673 107,845
CREDITORS
Amounts falling due within one year 6 71,168 84,874
NET CURRENT ASSETS 3,505 22,971
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,175

38,351

PROVISIONS FOR LIABILITIES 7 2,217 2,922
NET ASSETS 12,958 35,429

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 12,956 35,427
SHAREHOLDERS' FUNDS 12,958 35,429

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006
and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each
financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395
and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as
applicable to the company.

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

BALANCE SHEET - continued
30th June 2020


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 21st September 2020and were signed by:





J M L Tomblin- Director


ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2020

1. STATUTORY INFORMATION

Elev8 Fork Trucks Ltd is a private company, limited by shares, registered in England and Wales. The company's registered
number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained
Earnings, 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.

Deferred tax
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 have been enacted
or substantively enacted by the year end 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 probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1(2019 - 1) .

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2020

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2019
and 30th June 2020 5,964 6,621 28,710 437 41,732
DEPRECIATION
At 1st July 2019 3,261 3,826 18,891 374 26,352
Charge for year 676 559 2,455 20 3,710
At 30th June 2020 3,937 4,385 21,346 394 30,062
NET BOOK VALUE
At 30th June 2020 2,027 2,236 7,364 43 11,670
At 30th June 2019 2,703 2,795 9,819 63 15,380

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/20 30/6/19
£    £   
Trade debtors 1,320 1,888
Tax 3,205 -
Prepayments - 9,498
4,525 11,386

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/20 30/6/19
£    £   
Trade creditors 540 11,389
Tax - 7,061
Social security and other taxes 819 2,018
Directors' current accounts 68,509 63,066
Accrued expenses 1,300 1,340
71,168 84,874

7. PROVISIONS FOR LIABILITIES
30/6/20 30/6/19
£    £   
Deferred tax 2,217 2,922

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2020

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1st July 2019 2,922
Accelerated capital allowances (705 )
Balance at 30th June 2020 2,217

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30/6/20 30/6/19
value: £    £   
2 Ordinary £1 2 2

9. ULTIMATE CONTROLLING PARTY

Mr J M L Tomblin owns 100% of the issued share capital of the company.