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REGISTERED NUMBER: 12960082 (England and Wales)














Unaudited Financial Statements

for the period

1 October 2022 to 31 October 2023

for

FUTURE LIFT SERVICES LTD

FUTURE LIFT SERVICES LTD (REGISTERED NUMBER: 12960082)

Contents of the Financial Statements
for the period 1 October 2022 to 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


FUTURE LIFT SERVICES LTD

Company Information
for the period 1 October 2022 to 31 October 2023







Directors: Mr R P D'Arcy
Mr P J D'Arcy
Mr E P Martin
Mr J P Samuels





Registered office: 6 Colne Drive
Romford
Essex
RM3 9JX





Registered number: 12960082 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

FUTURE LIFT SERVICES LTD (REGISTERED NUMBER: 12960082)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,466 9,290

Current assets
Debtors 5 284,921 170,173
Cash at bank 177,116 82,700
462,037 252,873
Creditors
Amounts falling due within one year 6 222,321 118,703
Net current assets 239,716 134,170
Total assets less current liabilities 248,182 143,460

Creditors
Amounts falling due after more than one
year

7

(3,085

)

(5,035

)

Provisions for liabilities (2,117 ) (1,765 )
Net assets 242,980 136,660

Capital and reserves
Called up share capital 8 1 1
Retained earnings 242,979 136,659
Shareholders' funds 242,980 136,660

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 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 4 March 2024 and were signed on its behalf by:





Mr R P D'Arcy - Director


FUTURE LIFT SERVICES LTD (REGISTERED NUMBER: 12960082)

Notes to the Financial Statements
for the period 1 October 2022 to 31 October 2023


1. Statutory information

Future Lift Services 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 - 10% on cost
Motor vehicles - 20% on cost
Computer equipment - Straight line over 3 years

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation
Taxation for the period 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.


FUTURE LIFT SERVICES LTD (REGISTERED NUMBER: 12960082)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 October 2023


2. Accounting policies - continued
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 period 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss 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. 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 period was 9 (2022 - 4 ) .

4. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 October 2022 598 11,800 2,390 14,788
Additions - - 3,149 3,149
At 31 October 2023 598 11,800 5,539 17,937
Depreciation
At 1 October 2022 78 4,720 700 5,498
Charge for period 65 2,557 1,351 3,973
At 31 October 2023 143 7,277 2,051 9,471
Net book value
At 31 October 2023 455 4,523 3,488 8,466
At 30 September 2022 520 7,080 1,690 9,290

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 273,465 134,533
Other debtors 11,456 35,640
284,921 170,173

FUTURE LIFT SERVICES LTD (REGISTERED NUMBER: 12960082)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 October 2023


6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts 1,777 1,777
Trade creditors 17,161 24,679
Taxation and social security 200,204 79,064
Other creditors 3,179 13,183
222,321 118,703

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Hire purchase contracts 3,085 5,035

8. Called up share capital

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

9. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the periods ended 31 October 2023 and 30 September 2022:

2023 2022
£    £   
Ms J K Samuels
Balance outstanding at start of period (10,616 ) (707 )
Amounts advanced 10,616 4,060
Amounts repaid - (13,969 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period - (10,616 )

Mr R P D'Arcy
Balance outstanding at start of period - -
Amounts advanced 276,948 3,032
Amounts repaid (274,694 ) (3,032 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 2,254 -

Mr P J D'Arcy
Balance outstanding at start of period - -
Amounts advanced 22,520 3,032
Amounts repaid (18,516 ) (3,032 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 4,004 -

FUTURE LIFT SERVICES LTD (REGISTERED NUMBER: 12960082)

Notes to the Financial Statements - continued
for the period 1 October 2022 to 31 October 2023


9. Directors' advances, credits and guarantees - continued

Mr E P Martin
Balance outstanding at start of period 600 -
Amounts advanced 36,020 4,032
Amounts repaid (31,421 ) (3,432 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 5,199 600