Company Registration No. 06300387 (England and Wales)
JB Forklifts Limited
Unaudited accounts
for the year ended 31 March 2018
JB Forklifts Limited
Company Information
for the year ended 31 March 2018
Company Number
06300387 (England and Wales)
Registered Office
Unit AB26 Hastingwood Ind Park, Wood ane
Erdington
Birmingham
B24 9QR
JB Forklifts Limited
Statement of financial position
as at
31 March 2018
Intangible assets
16,188
17,938
Tangible assets
64,256
73,197
Cash at bank and in hand
10,444
28,929
Creditors: amounts falling due within one year
(112,103)
(148,105)
Net current liabilities
(28,307)
(54,339)
Total assets less current liabilities
52,137
36,796
Creditors: amounts falling due after more than one year
-
(250)
Provisions for liabilities
Deferred tax
(10,924)
(12,130)
Called up share capital
2
2
Profit and loss account
41,211
24,414
Shareholders' funds
41,213
24,416
For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 December 2018.
J Box
Director
Company Registration No. 06300387
JB Forklifts Limited
Notes to the Accounts
for the year ended 31 March 2018
JB Forklifts Limited is a private company, limited by shares, registered in England and Wales, registration number 06300387. The registered office is Unit AB26 Hastingwood Ind Park, Wood ane, Erdington, Birmingham, B24 9QR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. The transition to FRS 102 Section 1A small entities has resulted in no changes in accounting policies to those used previously.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% straight line basis
Motor vehicles
33.3% straight line basis
Computer equipment
33.3% straight line basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Charge for the year
1,750
JB Forklifts Limited
Notes to the Accounts
for the year ended 31 March 2018
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2017
139,726
20,765
1,628
162,119
Additions
10,850
-
2,216
13,066
Disposals
(14,002)
-
-
(14,002)
At 31 March 2018
136,574
20,765
3,844
161,183
At 1 April 2017
67,108
20,765
1,049
88,922
Charge for the year
12,845
-
1,079
13,924
On disposals
(5,919)
-
-
(5,919)
At 31 March 2018
74,034
20,765
2,128
96,927
At 31 March 2018
62,540
-
1,716
64,256
At 31 March 2017
72,618
-
579
73,197
Trade debtors
70,787
62,319
Accrued income and prepayments
2,115
2,068
8
Creditors: amounts falling due within one year
2018
2017
Obligations under finance leases and hire purchase contracts
250
3,000
Trade creditors
12,586
11,476
Taxes and social security
31,735
30,188
Other creditors
10,952
10,933
Loans from directors
33,378
69,641
Deferred income
17,150
17,150
9
Creditors: amounts falling due after more than one year
2018
2017
Obligations under finance leases and hire purchase contracts
-
250
JB Forklifts Limited
Notes to the Accounts
for the year ended 31 March 2018
10
Average number of employees
During the year the average number of employees was 2 (2017: 2).