Lifter Limited 09897712 false 2022-01-01 2022-12-31 2022-12-31 The principal activity of the company is Consultancy Digita Accounts Production Advanced 6.30.9574.0 true 09897712 2022-01-01 2022-12-31 09897712 2022-12-31 09897712 bus:OrdinaryShareClass1 2022-12-31 09897712 core:CurrentFinancialInstruments 2022-12-31 09897712 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 09897712 core:Non-currentFinancialInstruments 2022-12-31 09897712 core:Non-currentFinancialInstruments core:AfterOneYear 2022-12-31 09897712 core:FurnitureFittingsToolsEquipment 2022-12-31 09897712 bus:SmallEntities 2022-01-01 2022-12-31 09897712 bus:AuditExemptWithAccountantsReport 2022-01-01 2022-12-31 09897712 bus:FullAccounts 2022-01-01 2022-12-31 09897712 bus:SmallCompaniesRegimeForAccounts 2022-01-01 2022-12-31 09897712 bus:RegisteredOffice 2022-01-01 2022-12-31 09897712 bus:CompanySecretaryDirector1 2022-01-01 2022-12-31 09897712 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 09897712 bus:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 09897712 core:FurnitureFittingsToolsEquipment 2022-01-01 2022-12-31 09897712 core:OfficeEquipment 2022-01-01 2022-12-31 09897712 countries:AllCountries 2022-01-01 2022-12-31 09897712 2021-12-31 09897712 core:FurnitureFittingsToolsEquipment 2021-12-31 09897712 2021-01-01 2021-12-31 09897712 2021-12-31 09897712 bus:OrdinaryShareClass1 2021-12-31 09897712 core:CurrentFinancialInstruments 2021-12-31 09897712 core:CurrentFinancialInstruments core:WithinOneYear 2021-12-31 09897712 core:Non-currentFinancialInstruments 2021-12-31 09897712 core:Non-currentFinancialInstruments core:AfterOneYear 2021-12-31 09897712 core:FurnitureFittingsToolsEquipment 2021-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09897712

Lifter Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Lifter Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Lifter Limited

Company Information

Director

Mr Mazin Edward Shashou

Company secretary

Mr Mazin Edward Shashou

Registered office

C/o McGinty Demack
Vermont House
Bradley Lane
Wigan
Lancashire
WN6 0XF

Accountants

McGinty Demack
Chartered Certified Accountants
Vermont House
Bradley Lane
Standish
Lancashire
WN6 0XF

 

Lifter Limited

(Registration number: 09897712)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Fixed assets

 

Tangible assets

4

13,797

17,722

Current assets

 

Debtors

5

2,268

1,834

Cash at bank and in hand

 

324

669

 

2,592

2,503

Creditors: Amounts falling due within one year

6

(184,021)

(174,201)

Net current liabilities

 

(181,429)

(171,698)

Total assets less current liabilities

 

(167,632)

(153,976)

Creditors: Amounts falling due after more than one year

6

(10,033)

(12,833)

Net liabilities

 

(177,665)

(166,809)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(177,666)

(166,810)

Shareholders' deficit

 

(177,665)

(166,809)

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

Lifter Limited

(Registration number: 09897712)
Balance Sheet as at 31 December 2022

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 5 October 2023
 

.........................................
Mr Mazin Edward Shashou
Company secretary and director

 

Lifter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
C/o McGinty Demack
Vermont House
Bradley Lane
Wigan
Lancashire
WN6 0XF
England

The principal place of business is:
3 Northiam Road
Woodside Park
London
N12 7ET
England

These financial statements were authorised for issue by the director on 5 October 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Lifter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

 

Lifter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

 

Lifter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2022

23,629

23,629

Additions

674

674

At 31 December 2022

24,303

24,303

Depreciation

At 1 January 2022

5,907

5,907

Charge for the year

4,599

4,599

At 31 December 2022

10,506

10,506

Carrying amount

At 31 December 2022

13,797

13,797

At 31 December 2021

17,722

17,722

5

Debtors

Current

2022
£

2021
£

Other debtors

2,268

1,834

6

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Accruals and deferred income

600

600

Other creditors

183,421

173,601

184,021

174,201

 

Lifter Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

Creditors: amounts falling due after more than one year

Note

2022
£

2021
£

Due after one year

 

Loans and borrowings

8

10,033

12,833

7

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary of £1 each

1

1

1

1

         

8

Loans and borrowings

2022
£

2021
£

Non-current loans and borrowings

Bank borrowings

10,033

12,833