Company Registration No. 06300387 (England and Wales)
JB Forklifts Limited
Unaudited accounts
for the year ended 31 March 2021
JB Forklifts Limited
Company Information
for the year ended 31 March 2021
Company Number
06300387 (England and Wales)
Registered Office
Unit AB26 Hastingwood Ind Park, Wood Ln
Erdington
Birmingham
B24 9QR
JB Forklifts Limited
Statement of financial position
as at
31 March 2021
Intangible assets
10,938
12,688
Tangible assets
37,181
49,937
Cash at bank and in hand
38,636
26,398
Creditors: amounts falling due within one year
(104,796)
(88,686)
Net current assets
12,095
20,190
Total assets less current liabilities
60,214
82,815
Provisions for liabilities
Deferred tax
(6,321)
(8,489)
Called up share capital
2
2
Profit and loss account
53,891
74,324
Shareholders' funds
53,893
74,326
For the year ending 31 March 2021 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 21 December 2021 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 2021
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 Ln, 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 2021
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
143,574
24,315
8,805
176,694
Additions
11,000
-
-
11,000
Disposals
(30,753)
(8,765)
(1,085)
(40,603)
At 31 March 2021
123,821
15,550
7,720
147,091
At 1 April 2020
97,659
21,948
7,150
126,757
Charge for the year
19,398
1,183
1,655
22,236
On disposals
(29,233)
(8,765)
(1,085)
(39,083)
At 31 March 2021
87,824
14,366
7,720
109,910
At 31 March 2021
35,997
1,184
-
37,181
At 31 March 2020
45,915
2,367
1,655
49,937
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
69,625
79,001
Accrued income and prepayments
5,836
2,897
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
16,805
15,758
Taxes and social security
38,931
45,995
Other creditors
12,125
11,766
8
Average number of employees
During the year the average number of employees was 4 (2020: 3).