Moss Forklifts Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04876089 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

MOSS FORKLIFTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M S Turner

SECRETARY:

REGISTERED OFFICE:

Unit 6, Tower House Lane Business Park

Tower House Lane

Hedon Road

Saltend

HU12 8EE

REGISTERED NUMBER:

04876089 (England and Wales)

ACCOUNTANTS:

The Accountancy & Administration Bureau

31 Thornfields

Thorngumbald

East Riding

FIXED ASSETS

Tangible assets

4

232,635

168,759

CURRENT ASSETS

Stocks

2,250

2,250

Debtors

5

70,459

60,622

Cash at bank and in hand

50,256

59,342

122,965

122,214

CREDITORS

Amounts falling due within one year

6

79,970

110,385

NET CURRENT ASSETS

42,995

11,829

TOTAL ASSETS LESS CURRENT LIABILITIES

275,630

180,588

CREDITORS

Amounts falling due after more than one year

7

(57,455

)

(20,492

)

PROVISIONS FOR LIABILITIES

(44,201

)

(32,064

)

NET ASSETS

173,974

128,032

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

173,774

127,832

SHAREHOLDERS' FUNDS

173,974

128,032

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2021 and were signed by:

M S Turner - Director

1.	STATUTORY INFORMATION

Moss Forklifts Limited 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2020

376,773

Additions

129,423

At 30 September 2021

506,196

DEPRECIATION

At 1 October 2020

208,014

Charge for year

65,547

At 30 September 2021

273,561

NET BOOK VALUE

At 30 September 2021

232,635

At 30 September 2020

168,759

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 October 2020

48,342

Additions

20,540

At 30 September 2021

68,882

DEPRECIATION

At 1 October 2020

7,245

Charge for year

14,654

At 30 September 2021

21,899

NET BOOK VALUE

At 30 September 2021

46,983

At 30 September 2020

41,097

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

70,459

60,622

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

10,000

50,000

Hire purchase contracts

19,331

14,809

Trade creditors

17,642

25,806

Taxation and social security

22,099

15,967

Other creditors

10,898

3,803

79,970

110,385

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans

40,000

-

Hire purchase contracts

17,455

20,492

57,455

20,492

8.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Hire purchase contracts

36,786

35,301

The hire purchase advances are secured on the assets purchased

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £27,300 (2020 - £32,500) were paid to the director .