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REGISTERED NUMBER: 04718389 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022

FOR

B & W LIFT SERVICES LIMITED

B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & W LIFT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: D J F Jenkins
T S Jeffery
C L Baker
M P Cox





SECRETARY: D F Jenkins





REGISTERED OFFICE: Unit 10 Precision 4 Business Park
Bingham Road
Sittingbourne
Kent
ME10 3FZ





REGISTERED NUMBER: 04718389 (England and Wales)





ACCOUNTANTS: Williams Giles Professional Services Ltd
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)

BALANCE SHEET
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,068 43,678

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 99,523 18,389
Cash at bank 28,684 77,249
130,207 97,638
CREDITORS
Amounts falling due within one year 6 151,613 111,791
NET CURRENT LIABILITIES (21,406 ) (14,153 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,662

29,525

PROVISIONS FOR LIABILITIES 6,089 8,295
NET ASSETS 4,573 21,230

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,473 21,130
SHAREHOLDERS' FUNDS 4,573 21,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)

BALANCE SHEET - continued
31 MARCH 2022


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 Board of Directors and authorised for issue on 6 September 2022 and were signed on its behalf by:





D J F Jenkins - Director


B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

B & W Lift Services 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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or from the rendering of services.

Turnover from the sale of lift spares is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Turnover from the rendering of lift repair services is recognised by reference to the level of labour undertaken and costs of materials included in the service supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost.

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.


B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
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
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 1 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2021 26,875 804 47,789 789 76,257
Additions 556 - - - 556
Disposals - - (18,650 ) - (18,650 )
At 31 March 2022 27,431 804 29,139 789 58,163
DEPRECIATION
At 1 April 2021 10,779 419 21,101 280 32,579
Charge for year 4,074 96 6,312 263 10,745
Eliminated on disposal - - (17,229 ) - (17,229 )
At 31 March 2022 14,853 515 10,184 543 26,095
NET BOOK VALUE
At 31 March 2022 12,578 289 18,955 246 32,068
At 31 March 2021 16,096 385 26,688 509 43,678

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 96,709 16,167
Other debtors 2,814 2,222
99,523 18,389

B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 35,471 11,297
Amounts owed to group undertakings 88,195 79,065
Taxation and social security 25,642 19,429
Other creditors 2,305 2,000
151,613 111,791

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2022 2021
£    £   
Within one year - 10,200