Elev8 Fork Trucks Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08560720 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2019

FOR

ELEV8 FORK TRUCKS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

FIXED ASSETS

Tangible assets

4

15,380

15,451

CURRENT ASSETS

Stocks

38,327

44,905

Debtors

5

11,386

6,621

Cash at bank

58,132

33,787

107,845

85,313

CREDITORS

Amounts falling due within one year

6

84,874

73,629

NET CURRENT ASSETS

22,971

11,684

TOTAL ASSETS LESS CURRENT
LIABILITIES

38,351

27,135

PROVISIONS FOR LIABILITIES

8

2,922

2,936

NET ASSETS

35,429

24,199

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

35,427

24,197

SHAREHOLDERS' FUNDS

35,429

24,199

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2019 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.

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 on 20th November 2019 and were signed by:

J M L Tomblin - Director

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 (2018 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st July 2018

3,964

6,621

25,876

437

36,898

Additions

2,000

-

2,834

-

4,834

At 30th June 2019

5,964

6,621

28,710

437

41,732

DEPRECIATION

At 1st July 2018

2,360

3,127

15,618

342

21,447

Charge for year

901

699

3,273

32

4,905

At 30th June 2019

3,261

3,826

18,891

374

26,352

NET BOOK VALUE

At 30th June 2019

2,703

2,795

9,819

63

15,380

At 30th June 2018

1,604

3,494

10,258

95

15,451

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/19

30/6/18

£

Trade debtors

1,888

6,060

Other debtors

-

561

Prepayments

9,498

-

11,386

6,621

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/19

30/6/18

£

Hire purchase contracts

-

10,399

Trade creditors

11,389

795

Tax

7,061

6,915

Social security and other taxes

2,018

-

Directors' current accounts

63,066

54,180

Accrued expenses

1,340

84,874

73,629

7.	SECURED DEBTS

The following secured debts are included within creditors:

30/6/19

30/6/18

£

Hire purchase contracts

-

10,399

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

8.	PROVISIONS FOR LIABILITIES

30/6/19

30/6/18

£

Deferred tax

2,922

2,936

Deferred

tax

£

Balance at 1st July 2018

2,936

Accelerated capital allowances

(14

)

Balance at 30th June 2019

2,922

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30/6/19

30/6/18

value:

£

2

Ordinary

£1

2

10.	CONTINGENT LIABILITIES

The company had no contingent liabilities at 30th June 2019 (2018 - none).

11.	CAPITAL COMMITMENTS

30/6/19

30/6/18

£

Contracted but not provided for in the

financial statements

-

12.	ULTIMATE CONTROLLING PARTY

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