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 2018

FOR

ELEV8 FORK TRUCKS LTD

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th June 2018




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 2018







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 2018

30/6/18 30/6/17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,451 20,325

CURRENT ASSETS
Stocks 44,905 30,362
Debtors 5 6,621 3,486
Cash at bank 33,787 70,004
85,313 103,852
CREDITORS
Amounts falling due within one year 6 73,629 93,652
NET CURRENT ASSETS 11,684 10,200
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,135

30,525

CREDITORS
Amounts falling due after more than one year 7 - (10,399 )

PROVISIONS FOR LIABILITIES 9 (2,936 ) (3,862 )
NET ASSETS 24,199 16,264

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 24,197 16,262
SHAREHOLDERS' FUNDS 24,199 16,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2018 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 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 31st October 2018and 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 2018

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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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 Income Statement, 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(2017 - 1) .

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2018

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st July 2017
and 30th June 2018 3,964 6,621 25,876 437 36,898
DEPRECIATION
At 1st July 2017 1,825 2,254 12,198 296 16,573
Charge for year 535 873 3,420 46 4,874
At 30th June 2018 2,360 3,127 15,618 342 21,447
NET BOOK VALUE
At 30th June 2018 1,604 3,494 10,258 95 15,451
At 30th June 2017 2,139 4,367 13,678 141 20,325

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/18 30/6/17
£    £   
Trade debtors 6,060 3,486
Other debtors 561 -
6,621 3,486

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/18 30/6/17
£    £   
Hire purchase contracts 10,399 3,859
Trade creditors 795 19,113
Tax 6,915 8,151
Social security and other taxes - 4,212
Directors' current accounts 54,180 56,817
Accrued expenses 1,340 1,500
73,629 93,652

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/6/18 30/6/17
£    £   
Hire purchase contracts - 10,399

ELEV8 FORK TRUCKS LTD (REGISTERED NUMBER: 08560720)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th June 2018

8. SECURED DEBTS

The following secured debts are included within creditors:

30/6/18 30/6/17
£    £   
Hire purchase contracts 10,399 14,258

The hire purchase balances are secured on the assets to which they relate.

9. PROVISIONS FOR LIABILITIES
30/6/18 30/6/17
£    £   
Deferred tax 2,936 3,862

Deferred
tax
£   
Balance at 1st July 2017 3,862
Accelerated capital allowances (926 )
Balance at 30th June 2018 2,936

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30/6/18 30/6/17
value: £    £   
2 Ordinary £1 2 2

11. CONTINGENT LIABILITIES

The company had no contingent liabilities at 30th June 2018 (2017 - none).

12. CAPITAL COMMITMENTS
30/6/18 30/6/17
£    £   
Contracted but not provided for in the
financial statements - -

13. ULTIMATE CONTROLLING PARTY

Mr J M L Tomblin, together with his wife, owns 100% of the issued share capital of the company.