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REGISTERED NUMBER: 05959382 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Keighley Lifts UK Ltd

Keighley Lifts UK Ltd (Registered number: 05959382)






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


Keighley Lifts UK 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: 05959382 (England and Wales)





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

Keighley Lifts UK Ltd (Registered number: 05959382)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327,940 266,831

CURRENT ASSETS
Stocks 5 6,328 5,285
Debtors 6 132,325 130,368
Cash at bank 232,718 259,619
371,371 395,272
CREDITORS
Amounts falling due within one year 7 118,675 251,631
NET CURRENT ASSETS 252,696 143,641
TOTAL ASSETS LESS CURRENT
LIABILITIES

580,636

410,472

CREDITORS
Amounts falling due after more than one
year

8

(135,858

)

(114,346

)

PROVISIONS FOR LIABILITIES 10 (13,192 ) -
NET ASSETS 431,586 296,126

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 431,486 296,026
SHAREHOLDERS' FUNDS 431,586 296,126

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.

Keighley Lifts UK Ltd (Registered number: 05959382)

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


Keighley Lifts UK Ltd (Registered number: 05959382)

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

1. STATUTORY INFORMATION

Keighley Lifts UK 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 the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost of property
Plant and machinery etc - 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

Keighley Lifts UK Ltd (Registered number: 05959382)

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

4. TANGIBLE FIXED ASSETS
Freehold Motor Computer
property vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2022 267,056 40,887 10,681 318,624
Additions - 73,470 1,491 74,961
Disposals - (40,887 ) - (40,887 )
At 31 December 2022 267,056 73,470 12,172 352,698
DEPRECIATION
At 1 January 2022 4,273 38,660 8,860 51,793
Charge for year 4,273 6,801 551 11,625
Eliminated on disposal - (38,660 ) - (38,660 )
At 31 December 2022 8,546 6,801 9,411 24,758
NET BOOK VALUE
At 31 December 2022 258,510 66,669 2,761 327,940
At 31 December 2021 262,783 2,227 1,821 266,831

5. STOCKS
31.12.22 31.12.21
£    £   
Stocks 6,328 5,285

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade debtors 123,883 108,732
Tax 8,442 21,636
132,325 130,368

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 2,970 35,271
Tax 1,523 -
Social security and other taxes 23,775 35,318
Due to related undertaking 77,407 34,501
Directors' current accounts - 83,163
Accruals and deferred income 13,000 63,378
118,675 251,631

Keighley Lifts UK Ltd (Registered number: 05959382)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loan 101,488 114,346
Loan creditor 34,370 -
135,858 114,346

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 101,488 114,346
Loan creditor 34,370 -
135,858 114,346

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Bank loans 101,488 114,346

The bank loan is secured over the freehold property.

10. PROVISIONS FOR LIABILITIES
31.12.22 31.12.21
£    £   
Deferred tax 13,192 -

Deferred
tax
£   
Provided during year 13,192
Balance at 31 December 2022 13,192

11. CALLED UP SHARE CAPITAL


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

Keighley Lifts UK Ltd (Registered number: 05959382)

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

12. RESERVES
Retained
earnings
£   

At 1 January 2022 296,026
Profit for the year 245,460
Dividends (110,000 )
At 31 December 2022 431,486

13. RELATED PARTY DISCLOSURES

During the year, total dividends of £110,000 were paid to the directors .

Mr & Mrs Boocock are directors in Swansea Lift Repair & Service Ltd.

During the year a management fee of £288,762 (2021: £259,000) was made on an arm's length basis from Swansea Lift Repair & Service Ltd to the company.

At 31 December 2022 the company owed a sum of £77,407 (2021: £34,501) to Swansea Lift Repair & Service Ltd.

14. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S Boocock and I Boocock.