IRIS Accounts Production v23.1.0.753 04321671 Board of Directors 1.1.22 31.12.22 31.12.22 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure043216712021-12-31043216712022-12-31043216712022-01-012022-12-31043216712020-12-31043216712021-01-012021-12-31043216712021-12-3104321671ns16:EnglandWales2022-01-012022-12-3104321671ns15:PoundSterling2022-01-012022-12-3104321671ns11:Director12022-01-012022-12-3104321671ns11:PrivateLimitedCompanyLtd2022-01-012022-12-3104321671ns11:SmallEntities2022-01-012022-12-3104321671ns11:AuditExempt-NoAccountantsReport2022-01-012022-12-3104321671ns11:SmallCompaniesRegimeForDirectorsReport2022-01-012022-12-3104321671ns11:SmallCompaniesRegimeForAccounts2022-01-012022-12-3104321671ns11:FullAccounts2022-01-012022-12-3104321671ns11:OrdinaryShareClass12022-01-012022-12-3104321671ns11:OrdinaryShareClass22022-01-012022-12-3104321671ns11:Director22022-01-012022-12-3104321671ns11:CompanySecretary12022-01-012022-12-3104321671ns11:RegisteredOffice2022-01-012022-12-3104321671ns6:CurrentFinancialInstruments2022-12-3104321671ns6:CurrentFinancialInstruments2021-12-3104321671ns6:Non-currentFinancialInstruments2022-12-3104321671ns6:Non-currentFinancialInstruments2021-12-3104321671ns6:ShareCapital2022-12-3104321671ns6:ShareCapital2021-12-3104321671ns6:RetainedEarningsAccumulatedLosses2022-12-3104321671ns6:RetainedEarningsAccumulatedLosses2021-12-3104321671ns6:PlantMachinery2022-01-012022-12-3104321671ns6:FurnitureFittings2022-01-012022-12-3104321671ns6:PlantMachinery2021-12-3104321671ns6:FurnitureFittings2021-12-3104321671ns6:PlantMachinery2022-12-3104321671ns6:FurnitureFittings2022-12-3104321671ns6:PlantMachinery2021-12-3104321671ns6:FurnitureFittings2021-12-3104321671ns6:WithinOneYearns6:CurrentFinancialInstruments2022-12-3104321671ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3104321671ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-12-3104321671ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2021-12-3104321671ns6:DeferredTaxation2022-01-012022-12-3104321671ns6:DeferredTaxation2022-12-3104321671ns11:OrdinaryShareClass12022-12-3104321671ns11:OrdinaryShareClass22022-12-3104321671ns6:RetainedEarningsAccumulatedLosses2021-12-3104321671ns6:RetainedEarningsAccumulatedLosses2022-01-012022-12-31
REGISTERED NUMBER: 04321671 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Swansea Lift Repair & Service Ltd.

Swansea Lift Repair & Service Ltd. (Registered number: 04321671)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Swansea Lift Repair & Service Ltd.

Company Information
for the Year Ended 31 December 2022







DIRECTORS: S Boocock
Mrs I Boocock





SECRETARY: Mrs I Boocock





REGISTERED OFFICE: Beckside House
Pitt Street
Keighley
West Yorkshire
BD21 4PF





REGISTERED NUMBER: 04321671 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Swansea Lift Repair & Service Ltd. (Registered number: 04321671)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 305 406

CURRENT ASSETS
Stocks 2,332 2,000
Debtors 5 147,235 109,112
Cash at bank and in hand 197,026 194,734
346,593 305,846
CREDITORS
Amounts falling due within one year 6 163,812 136,783
NET CURRENT ASSETS 182,781 169,063
TOTAL ASSETS LESS CURRENT
LIABILITIES

183,086

169,469

CREDITORS
Amounts falling due after more than one
year

7

(140,014

)

(126,852

)

PROVISIONS FOR LIABILITIES 8 (58 ) -
NET ASSETS 43,014 42,617

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 10 42,912 42,515
SHAREHOLDERS' FUNDS 43,014 42,617

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Swansea Lift Repair & Service Ltd. (Registered number: 04321671)

Balance Sheet - continued
31 December 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 22 November 2023 and were signed on its behalf by:





S Boocock - Director


Swansea Lift Repair & Service Ltd. (Registered number: 04321671)

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

1. STATUTORY INFORMATION

Swansea Lift Repair & Service Ltd. 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

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

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 14 (2021 - 13 ) .

Swansea Lift Repair & Service Ltd. (Registered number: 04321671)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 2,493 12,470 14,963
DEPRECIATION
At 1 January 2022 2,493 12,064 14,557
Charge for year - 101 101
At 31 December 2022 2,493 12,165 14,658
NET BOOK VALUE
At 31 December 2022 - 305 305
At 31 December 2021 - 406 406

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 65,106 32,114
Due from related undertaking 77,407 34,501
Tax recoverable 4,722 41,024
Prepayments and accrued income - 1,473
147,235 109,112

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 36,000 36,000
Trade creditors 2,520 9,201
Tax 4,648 -
Social security and other taxes 31,779 17,242
Other creditors 78,865 7,484
Accruals and deferred income 10,000 66,856
163,812 136,783

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 84,682 126,852
Directors' loan accounts 55,332 -
140,014 126,852

Swansea Lift Repair & Service Ltd. (Registered number: 04321671)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

8. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 58 -

Deferred
tax
£   
Provided during year 58
Balance at 31 December 2022 58

9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
100 Ordinary £1 100 100
2 Ordinary A £1 2 2
102 102

10. RESERVES
Retained
earnings
£   

At 1 January 2022 42,515
Profit for the year 110,397
Dividends (110,000 )
At 31 December 2022 42,912

11. RELATED PARTY DISCLOSURES

Mr & Mrs Boocock are directors in Keighley Lifts UK Ltd.

During the year a management fee of £288,762 (2021: £259,000) was made on an arm's length basis from the company to Keighley Lifts UK Ltd.

At 31 December 2022 the company was owed a sum of £77,407 (2021: £34,501) from Keighley Lifts UK Ltd.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Boocock and I Boocock.