Company Registration No. 06300387 (England and Wales)
JB Forklifts Limited
Unaudited accounts
for the year ended 31 March 2022
JB Forklifts Limited
Company Information
for the year ended 31 March 2022
Company Number
06300387 (England and Wales)
Registered Office
30 Woodfield Road
Solihull
B91 2DN
JB Forklifts Limited
Statement of financial position
as at
31 March 2022
Intangible assets
9,188
10,938
Tangible assets
46,093
37,181
Cash at bank and in hand
38,555
38,636
Creditors: amounts falling due within one year
(89,455)
(104,796)
Net current assets
40,632
12,095
Total assets less current liabilities
95,913
60,214
Creditors: amounts falling due after more than one year
(40,238)
-
Provisions for liabilities
Deferred tax
(8,758)
(6,321)
Called up share capital
2
2
Profit and loss account
46,915
53,891
Shareholders' funds
46,917
53,893
For the year ending 31 March 2022 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.
The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2022 and were signed on its behalf by
J Box
Director
Company Registration No. 06300387
JB Forklifts Limited
Notes to the Accounts
for the year ended 31 March 2022
JB Forklifts Limited is a private company, limited by shares, registered in England and Wales, registration number 06300387. The registered office is 30 Woodfield Road, Solihull, B91 2DN.
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 2022
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2021
123,821
15,550
7,721
147,092
Additions
11,500
9,750
1,954
23,204
At 31 March 2022
135,321
25,300
9,675
170,296
At 1 April 2021
87,824
14,366
7,721
109,911
Charge for the year
9,208
4,434
650
14,292
At 31 March 2022
97,032
18,800
8,371
124,203
At 31 March 2022
38,289
6,500
1,304
46,093
At 31 March 2021
35,997
1,184
-
37,181
Amounts falling due within one year
Trade debtors
88,148
69,625
Accrued income and prepayments
2,524
5,836
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
9,762
-
Trade creditors
16,749
16,805
Taxes and social security
24,274
38,931
Other creditors
12,486
12,125
8
Creditors: amounts falling due after more than one year
2022
2021
9
Average number of employees
During the year the average number of employees was 4 (2021: 4).