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REGISTERED NUMBER: 01500998 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

A.D. CERTIFIED LIFTING SERVICES LIMITED

A.D. CERTIFIED LIFTING SERVICES LIMITED (REGISTERED NUMBER: 01500998)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A.D. CERTIFIED LIFTING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







Directors: Mr K Raybould
Mrs A M Woodward





Secretary: Mrs A M Woodward





Registered office: Unit 2
Power Station Road
Rugeley
West Midlands
WS15 2HS





Registered number: 01500998 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

A.D. CERTIFIED LIFTING SERVICES LIMITED (REGISTERED NUMBER: 01500998)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 4 8,559 36,140

Current assets
Stocks 6,723 6,659
Debtors 5 117,175 77,988
Cash at bank and in hand 20,524 21,264
144,422 105,911
Creditors
Amounts falling due within one year 6 (125,994 ) (106,232 )
Net current assets/(liabilities) 18,428 (321 )
Total assets less current liabilities 26,987 35,819

Creditors
Amounts falling due after more than one
year

7

(20,919

)

(44,205

)
Net assets/(liabilities) 6,068 (8,386 )

Capital and reserves
Called up share capital 11 50 50
Capital redemption reserve 50 50
Retained earnings 5,968 (8,486 )
Shareholders' funds 6,068 (8,386 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2023 and were signed on its behalf by:





Mr K Raybould - Director


A.D. CERTIFIED LIFTING SERVICES LIMITED (REGISTERED NUMBER: 01500998)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

A.D. Certified Lifting Services Limited 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.

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
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Equipment - 25% on cost

All fixed assets are initially recorded at cost.

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

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at
their fair value. The capital element of the future payments is treated as a liability and the interest is charged
to the profit and loss account in a straight line basis.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain
with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

A.D. CERTIFIED LIFTING SERVICES LIMITED (REGISTERED NUMBER: 01500998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Equipment Totals
£ £ £ £ £
Cost
At 1 August 2022 1,788 10,884 101,437 3,321 117,430
Additions - 930 - - 930
Disposals - - (27,438 ) - (27,438 )
At 31 July 2023 1,788 11,814 73,999 3,321 90,922
Depreciation
At 1 August 2022 1,726 10,534 65,709 3,321 81,290
Charge for year 31 96 9,177 - 9,304
Eliminated on disposal - - (8,231 ) - (8,231 )
At 31 July 2023 1,757 10,630 66,655 3,321 82,363
Net book value
At 31 July 2023 31 1,184 7,344 - 8,559
At 31 July 2022 62 350 35,728 - 36,140

Hire purchase agreements

Assets held under hire purchase agreements had a NBV of £6,028 at the year end (2022: £14,696). The depreciation charged to the financial statements in the year in respect of such assets amounted to £6,028 (2022 - £11,571).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 116,497 77,310
Prepayments and accrued income 678 678
117,175 77,988

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts (see note 8) 14,400 16,676
Hire purchase contracts (see note 9) 12,430 4,764
Trade creditors 62,803 53,384
Tax 4,886 -
Social security and other taxes 3,755 2,208
VAT 19,097 12,201
Other creditors 1,263 4,506
Directors' loan accounts 1,592 6,592
Accruals and deferred income 5,768 5,901
125,994 106,232

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans (see note 8) 20,919 31,776
Hire purchase contracts (see note 9) - 12,429
20,919 44,205

Hire purchase agreements are secured on the assets to which they relate.

A.D. CERTIFIED LIFTING SERVICES LIMITED (REGISTERED NUMBER: 01500998)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. OVERDRAFTS

An analysis of the maturity of overdrafts is given below:

2023 2022
£ £
Amounts falling due within one year or on demand:
Bank overdrafts 3,491 5,767
Bank loans 10,909 10,909
14,400 16,676

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,919 31,776

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£ £
Net obligations repayable:
Within one year 12,430 4,764
Between one and five years - 12,429
12,430 17,193

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£ £
Bank overdrafts 3,491 5,767

The overdraft is secured by both directors to the value of £40,000.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
50 Ordinary £1 50 50