Elev8 Fork Trucks Ltd - Abbreviated accounts 16.3

Elev8 Fork Trucks Ltd - Abbreviated accounts 16.3


085607201.7.1530.6.1630.6.16Company accountsPrivate Limited CompanyFYtruefalsetruefalsefalsetruefalseOrdinary1.00000iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure085607202015-06-30085607202016-06-30085607202015-07-012016-06-30085607202014-06-30085607202014-07-012015-06-30085607202015-06-3008560720ns12:England2015-07-012016-06-3008560720ns14:PoundSterling2015-07-012016-06-3008560720ns7:Director12015-07-012016-06-3008560720ns7:OrdinaryShareClass12015-07-012016-06-3008560720ns7:RegisteredOffice2015-07-012016-06-3008560720ns7:EntityAccountantsOrAuditors2015-07-012016-06-3008560720ns5:PlantMachinery2015-07-012016-06-3008560720ns5:FixturesFittings2015-07-012016-06-3008560720ns5:MotorVehicles2015-07-012016-06-3008560720ns5:ComputerEquipment2015-07-012016-06-3008560720ns7:OrdinaryShareClass12016-06-3008560720ns7:OrdinaryShareClass12015-06-30
REGISTERED NUMBER: 08560720(England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30TH JUNE 2016

FOR

ELEV8 FORK TRUCKS LTD

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)






CONTENTS OF THE ABBREVIATED ACCOUNTS
for the Year Ended 30th June 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

ELEV8 FORK TRUCKS LTD

COMPANY INFORMATION
for the Year Ended 30th June 2016







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)

ABBREVIATED BALANCE SHEET
30th June 2016

30/6/16 30/6/15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 25,455 27,814

CURRENT ASSETS
Stocks 43,822 18,625
Debtors 3,593 15,247
Cash at bank 35,660 33,678
83,075 67,550
CREDITORS
Amounts falling due within one year 58,827 41,510
NET CURRENT ASSETS 24,248 26,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,703

53,854

CREDITORS
Amounts falling due after more than one
year

(44,259

)

(48,118

)

PROVISIONS FOR LIABILITIES (5,091 ) -
NET ASSETS 353 5,736

CAPITAL AND RESERVES
Called up share capital 3 2 2
Profit and loss account 351 5,734
SHAREHOLDERS' FUNDS 353 5,736

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 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)

ABBREVIATED BALANCE SHEET - continued
30th June 2016


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 30th December 2016and were signed by:





J M L Tomblin- Director


ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

NOTES TO THE ABBREVIATED ACCOUNTS
for the Year Ended 30th June 2016

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st July 2015 30,336
Additions 5,403
At 30th June 2016 35,739
DEPRECIATION
At 1st July 2015 2,522
Charge for year 7,762
At 30th June 2016 10,284
NET BOOK VALUE
At 30th June 2016 25,455
At 30th June 2015 27,814

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/16 30/6/15
value: £    £   
2 Ordinary £1 2 2