Company Registration No. 01833355 (England and Wales)
ACADEMY FORKLIFT (HOLDINGS) LTD
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2016
ACADEMY FORKLIFT (HOLDINGS) LTD
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 4
ACADEMY FORKLIFT (HOLDINGS) LTD
ABBREVIATED BALANCE SHEET
AS AT
31 MAY 2016
31 May 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
6,440
10,951
Investments
2
190,751
190,751
197,191
201,702
Current assets
Debtors
136,917
142,527
Cash at bank and in hand
407
3,077
137,324
145,604
Creditors: amounts falling due within one year
(245,831)
(254,835)
Net current liabilities
(108,507)
(109,231)
Total assets less current liabilities
88,684
92,471
Capital and reserves
Called up share capital
3
100
2
Profit and loss account
88,584
92,469
Shareholders'  funds
88,684
92,471
For the financial year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 27 February 2017
D J Owen
Director
Company Registration No. 01833355
ACADEMY FORKLIFT (HOLDINGS) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MAY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements have been prepared on a going concern basis which assumes the company will continue to trade. The validity of this assumption is dependent upon the continuing support of its directors.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Plant and machinery
25% per annum of written down value
Motor vehicles
25% per annum of written down value
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Group accounts
The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006  not to prepare group accounts.
ACADEMY FORKLIFT (HOLDINGS) LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 June 2015
62,647
190,751
253,398
Disposals
(13,250)
-
(13,250)
At 31 May 2016
49,397
190,751
240,148
Depreciation
At 1 June 2015
51,697
-
51,697
On disposals
(10,890)
-
(10,890)
Charge for the year
2,150
-
2,150
At 31 May 2016
42,957
-
42,957
Net book value
At 31 May 2016
6,440
190,751
197,191
At 31 May 2015
10,951
190,751
201,702
Holdings of more than 20%
The company holds more than 20% of the share capital of the following companies:
Company
Country of registration or
Shares held
incorporation
Class
%
Subsidiary undertakings
PLP Lift Trucks Peterborough Ltd
England
Ordinary
100.00
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
Capital and reserves
Profit/(loss) for the year
2016
2016
Principal activity
£
£
PLP Lift Trucks Peterborough Ltd
Sale, servicing and hire of lift trucks
289,698
13,674
ACADEMY FORKLIFT (HOLDINGS) LTD
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2016
- 4 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
2

During the year 98 ordinary shares of £1 each were allotted and fully paid at par for cash consideration to provide additional working capital.

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