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LTD.2023-10-03iso4217:GBPxbrli:pureSC2615352022-02-01SC2615352023-01-31SC2615352022-02-012023-01-31SC2615352021-02-01SC2615352022-01-31SC2615352021-02-012022-01-31SC261535bus:SmallEntities2022-02-012023-01-31SC261535bus:AuditExempt-NoAccountantsReport2022-02-012023-01-31SC261535bus:AbridgedAccounts2022-02-012023-01-31SC261535bus:PrivateLimitedCompanyLtd2022-02-012023-01-31SC261535core:WithinOneYear2023-01-31SC261535core:AfterOneYear2023-01-31SC261535core:WithinOneYear2022-01-31SC261535core:AfterOneYear2022-01-31SC261535core:ShareCapital2023-01-31SC261535core:SharePremium2023-01-31SC261535core:RevaluationReserve2023-01-31SC261535core:OtherReservesSubtotal2023-01-31SC261535core:RetainedEarningsAccumulatedLosses2023-01-31SC261535core:ShareCapital2022-01-31SC261535core:SharePremium2022-01-31SC261535core:RevaluationReserve2022-01-31SC261535core:OtherReservesSubtotal2022-01-31SC261535core:RetainedEarningsAccumulatedLosses2022-01-31SC261535core:LandBuildings2023-01-31SC261535core:PlantMachinery2023-01-31SC261535core:Vehicles2023-01-31SC261535core:FurnitureFittings2023-01-31SC261535core:OfficeEquipment2023-01-31SC261535core:NetGoodwill2023-01-31SC261535core:IntangibleAssetsOtherThanGoodwill2023-01-31SC261535core:ListedExchangeTraded2023-01-31SC261535core:UnlistedNon-exchangeTraded2023-01-31SC261535core:LandBuildings2022-01-31SC261535core:PlantMachinery2022-01-31SC261535core:Vehicles2022-01-31SC261535core:FurnitureFittings2022-01-31SC261535core:OfficeEquipment2022-01-31SC261535core:NetGoodwill2022-01-31SC261535core:IntangibleAssetsOtherThanGoodwill2022-01-31SC261535core:ListedExchangeTraded2022-01-31SC261535core:UnlistedNon-exchangeTraded2022-01-31SC261535core:LandBuildings2022-02-012023-01-31SC261535core:PlantMachinery2022-02-012023-01-31SC261535core:Vehicles2022-02-012023-01-31SC261535core:FurnitureFittings2022-02-012023-01-31SC261535core:OfficeEquipment2022-02-012023-01-31SC261535core:NetGoodwill2022-02-012023-01-31SC261535core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-31SC261535core:ListedExchangeTraded2022-02-012023-01-31SC261535core:UnlistedNon-exchangeTraded2022-02-012023-01-31SC261535core:MoreThanFiveYears2022-02-012023-01-31SC261535core:Non-currentFinancialInstruments2023-01-31SC261535core:Non-currentFinancialInstruments2022-01-31SC261535dpl:CostSales2022-02-012023-01-31SC261535dpl:DistributionCosts2022-02-012023-01-31SC261535dpl:AdministrativeExpenses2022-02-012023-01-31SC261535core:LandBuildings2022-02-012023-01-31SC261535core:PlantMachinery2022-02-012023-01-31SC261535core:Vehicles2022-02-012023-01-31SC261535core:FurnitureFittings2022-02-012023-01-31SC261535core:OfficeEquipment2022-02-012023-01-31SC261535core:NetGoodwill2022-02-012023-01-31SC261535core:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-31SC261535dpl:GroupUndertakings2022-02-012023-01-31SC261535dpl:ParticipatingInterests2022-02-012023-01-31SC261535dpl:GroupUndertakingscore:ListedExchangeTraded2022-02-012023-01-31SC261535core:ListedExchangeTraded2022-02-012023-01-31SC261535dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-02-012023-01-31SC261535core:UnlistedNon-exchangeTraded2022-02-012023-01-31SC261535dpl:CostSales2021-02-012022-01-31SC261535dpl:DistributionCosts2021-02-012022-01-31SC261535dpl:AdministrativeExpenses2021-02-012022-01-31SC261535core:LandBuildings2021-02-012022-01-31SC261535core:PlantMachinery2021-02-012022-01-31SC261535core:Vehicles2021-02-012022-01-31SC261535core:FurnitureFittings2021-02-012022-01-31SC261535core:OfficeEquipment2021-02-012022-01-31SC261535core:NetGoodwill2021-02-012022-01-31SC261535core:IntangibleAssetsOtherThanGoodwill2021-02-012022-01-31SC261535dpl:GroupUndertakings2021-02-012022-01-31SC261535dpl:ParticipatingInterests2021-02-012022-01-31SC261535dpl:GroupUndertakingscore:ListedExchangeTraded2021-02-012022-01-31SC261535core:ListedExchangeTraded2021-02-012022-01-31SC261535dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-02-012022-01-31SC261535core:UnlistedNon-exchangeTraded2021-02-012022-01-31SC261535core:NetGoodwill2023-01-31SC261535core:IntangibleAssetsOtherThanGoodwill2023-01-31SC261535core:LandBuildings2023-01-31SC261535core:PlantMachinery2023-01-31SC261535core:Vehicles2023-01-31SC261535core:FurnitureFittings2023-01-31SC261535core:OfficeEquipment2023-01-31SC261535core:AfterOneYear2023-01-31SC261535core:WithinOneYear2023-01-31SC261535core:ListedExchangeTraded2023-01-31SC261535core:UnlistedNon-exchangeTraded2023-01-31SC261535core:ShareCapital2023-01-31SC261535core:SharePremium2023-01-31SC261535core:RevaluationReserve2023-01-31SC261535core:OtherReservesSubtotal2023-01-31SC261535core:RetainedEarningsAccumulatedLosses2023-01-31SC261535core:NetGoodwill2022-01-31SC261535core:IntangibleAssetsOtherThanGoodwill2022-01-31SC261535core:LandBuildings2022-01-31SC261535core:PlantMachinery2022-01-31SC261535core:Vehicles2022-01-31SC261535core:FurnitureFittings2022-01-31SC261535core:OfficeEquipment2022-01-31SC261535core:AfterOneYear2022-01-31SC261535core:WithinOneYear2022-01-31SC261535core:ListedExc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FIRST LIFT ENGINEERS LTD.

Registered Number
SC261535
(Scotland)

Unaudited Financial Statements for the Year ended
31 January 2023

FIRST LIFT ENGINEERS LTD.
Company Information
for the year from 1 February 2022 to 31 January 2023

Directors

HUGHES, Catherine
HUGHES, John Charles

Registered Address

Afm House
6 Crofthead Road
Prestwick
KA9 1HW

Registered Number

SC261535 (Scotland)
FIRST LIFT ENGINEERS LTD.
Balance Sheet as at
31 January 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets64,9655,547
4,9655,547
Current assets
Debtors89,47520,153
Cash at bank and on hand9,27611,432
18,75131,585
Creditors amounts falling due within one year9(8,078)(10,630)
Net current assets (liabilities)10,67320,955
Total assets less current liabilities15,63826,502
Accruals and deferred income(60)(58)
Net assets15,57826,444
Capital and reserves
Profit and loss account15,57826,444
Shareholders' funds15,57826,444
The financial statements were approved and authorised for issue by the Board of Directors on 3 October 2023, and are signed on its behalf by:
HUGHES, Catherine
Director
HUGHES, John Charles
Director

Registered Company No. SC261535
FIRST LIFT ENGINEERS LTD.
Notes to the Financial Statements
for the year ended 31 January 2023

1.Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The companies principal activity is Installation of industrial machinery and equipment.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Office Equipment25
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
5.Employee information

20232022
Average number of employees during the year22
6.Property, plant and equipment

Total

£
Cost or valuation
At 01 February 2221,566
Additions968
At 31 January 2322,534
Depreciation and impairment
At 01 February 2216,020
Charge for year1,549
At 31 January 2317,569
Net book value
At 31 January 234,965
At 31 January 225,547
7.Stocks
8.Debtors

2023

2022

££
Trade debtors / trade receivables7,35217,930
Prepayments and accrued income2,1232,223
Total9,47520,153
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables4230
Taxation and social security5,7076,487
Other creditors2,3673,913
Total8,07810,630
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.