Accounts Submission

Accounts Submission

D W FORKLIFT SERVICES LIMITED - Company Information

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D W FORKLIFT SERVICES LIMITED

Company Registration Number:
06696405 (England and Wales)

Abbreviated (Unaudited) Accounts

Period of accounts

Start date: 01 October 2015

End date: 30 September 2016

D W FORKLIFT SERVICES LIMITED

Abbreviated Balance sheet

As at 30 September 2016


Notes
2016
£
2015
£
Fixed assets
Tangible assets: 2 149,937 123,519
Total fixed assets: 149,937 123,519
Current assets
Stocks: 75,592 15,742
Debtors: 3 142,758 111,231
Cash at bank and in hand: 1,605 46,929
Total current assets: 219,955 173,902
Creditors: amounts falling due within one year: 4 ( 161,988 ) ( 105,621 )
Net current assets (liabilities): 57,967 68,281
Total assets less current liabilities: 207,904 191,800
Creditors: amounts falling due after more than one year: 5 ( 53,557 ) ( 42,154 )
Provision for liabilities: ( 29,928 )
Total net assets (liabilities): 124,419 149,646

The notes form part of these financial statements

D W FORKLIFT SERVICES LIMITED

Balance sheet continued

As at 30 September 2016


Notes
2016
£
2015
£
Capital and reserves
Called up share capital: 6 100 100
Profit and loss account: 124,319 149,546
Shareholders funds: 124,419 149,646

For the year ending 30 September 2016 the company was entitled to exemption 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors on 29 June 2017

SIGNED ON BEHALF OF THE BOARD BY:

Name: Darren Walker
Status: Director

The notes form part of these financial statements

D W FORKLIFT SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain assets and liabilities and investment properties measured at fair value through profit or loss. the financial statements are prepared in sterling, which is the functional currency of the entity.

    Turnover policy

    turnover is measured at fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and value added tax. revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

    Tangible fixed assets depreciation policy

    Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

    If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

D W FORKLIFT SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 2. Tangible assets

    Total
    Cost £
    01 October 2015: 178,357
    Additions: 76,819
    Disposals: ( 750 )
    Revaluations: 0
    Transfers: 0
    30 September 2016: 254,426
    Depreciation
    01 October 2015: 54,838
    Charge for year: 50,355
    On disposals: ( 704 )
    Other adjustments: 0
    30 September 2016: 104,489
    Net book value
    30 September 2016: 149,937
    30 September 2015: 123,519

D W FORKLIFT SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 3. Debtors


    2016
    £
    2015
    £
    Trade debtors: 112,951 107,789
    Other debtors: 29,807 3,442
    Total: 142,758 111,231

D W FORKLIFT SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 4. Creditors: amounts falling due within one year


    2016
    £
    2015
    £
    Trade creditors: 103,735 41,851
    Taxation and social security: 1,679 34,583
    Other creditors: 56,574 29,187
    Total: 161,988 105,621

D W FORKLIFT SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 5. Creditors: amounts falling due after more than one year


    2016
    £
    2015
    £
    Other creditors: 53,557 42,154
    Total: 53,557 42,154

D W FORKLIFT SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 6. Called up share capital

    Allotted, called up and paid

    Previous period
    2015
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100
    Current period
    2016
    Class Number of shares Nominal value per share (£) Total (£)
    Ordinary shares: 100 1.00 100
    Preference shares: 0
    Total share capital (£): 100

D W FORKLIFT SERVICES LIMITED

Notes to the Abbreviated Accounts

for the Period Ended 30 September 2016

  • 7. Transactions with directors

    Name of director receiving advance or credit Darren Walker
    Description of the transaction Directors Loan Account
    Balance at 01 October 2015 0
    Advances or credits made 82,351
    Advances or credits repaid 92,855
    Balance at 30 September 2016 10,504