INTELLIGENT LIFTS & ESCALATORS LIMITED

Company Registration Number:
07761983 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2023

Period of accounts

Start date: 01 March 2022

End date: 28 February 2023

INTELLIGENT LIFTS & ESCALATORS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2023

Balance sheet
Notes

INTELLIGENT LIFTS & ESCALATORS LIMITED

Balance sheet

As at 28 February 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 44,963 17,615
Total fixed assets: 44,963 17,615
Current assets
Debtors:   307,373 186,498
Cash at bank and in hand: 102,062 96,654
Total current assets: 409,435 283,152
Creditors: amounts falling due within one year:   (247,462) (154,115)
Net current assets (liabilities): 161,973 129,037
Total assets less current liabilities: 206,936 146,652
Creditors: amounts falling due after more than one year:   (30,483)
Provision for liabilities: (1,553) (2,945)
Total net assets (liabilities): 174,900 143,707
Capital and reserves
Called up share capital: 140 140
Profit and loss account: 174,760 143,567
Shareholders funds: 174,900 143,707

The notes form part of these financial statements

INTELLIGENT LIFTS & ESCALATORS LIMITED

Balance sheet statements

For the year ending 28 February 2023 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 25 April 2023
and signed on behalf of the board by:

Name: L Wallis
Status: Director

The notes form part of these financial statements

INTELLIGENT LIFTS & ESCALATORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made in the year and derives from the provision of goods and services falling within the ordinary activities of the company.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:-Plant and machinery - 20% reducing balance methodFixtures & fittings - 20% reducing balance methodMotor vehicles - 25% reducing balance method

INTELLIGENT LIFTS & ESCALATORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

2. Employees

2023 2022
Average number of employees during the period 13 12

INTELLIGENT LIFTS & ESCALATORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2023

3. Tangible Assets

Total
Cost £
At 01 March 2022 67,441
Additions 41,095
At 28 February 2023 108,536
Depreciation
At 01 March 2022 49,826
Charge for year 13,747
At 28 February 2023 63,573
Net book value
At 28 February 2023 44,963
At 28 February 2022 17,615