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REGISTERED NUMBER: 03785224 (England and Wales)














Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 October 2023

for

ANSA Elevators Limited

ANSA Elevators Limited (Registered number: 03785224)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Income and Retained Earnings 8

Balance Sheet 9

Notes to the Financial Statements 10


ANSA Elevators Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr M S Dunning ACA
Mr G T Kennedy
Mr A Greenhalgh
Mr J Taylor



SECRETARY: Mr M S Dunning ACA



REGISTERED OFFICE: 21 Broadgate
Broadway Business Park
Chadderton
Lancashire
OL9 9XA



REGISTERED NUMBER: 03785224 (England and Wales)



SENIOR STATUTORY AUDITOR: Ian Sluckis BA FCA



AUDITORS: Freedman Frankl & Taylor
Statutory Auditors
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

ANSA Elevators Limited (Registered number: 03785224)

Strategic Report
for the Year Ended 31 October 2023

The directors present their strategic report for the year ended 31 October 2023.

The activity of the company continued to be that of maintenance, repair, modernisation and the installation of lifts.

REVIEW OF BUSINESS
The results for the year and the financial position of the Company are shown in the annexed financial statements.

The year to 31st October 2023 has seen an increase in turnover of 12.42%, but margins have fallen slightly.

The Company's core values of excellent customer service and quality continue to underpin strong financial performance.

PRINCIPAL RISKS AND UNCERTAINTIES
Inflationary pressures and uncertain market conditions continue to be of concern and may impact future trading performance. The Company continues to see an increase in costs but feel this has levelled out.

The Company continues to take steps and is in a good position to deal with these issues, firstly the company's customer base and contract base is very diverse which ensures a hedged commercial risk, secondly the project order book and service contract base are very strong and the Company retains an excellent Net Asset and liquidity position.

FINANCIAL PERFORMANCE
Turnover has increased from last year by 12.42% but profit before tax has decreased by 13.18%.

KEY PERFORMANCE INDICATORS
FY 2023 FY 2022

Revenue increase 12.42% 5.03%
Gross margin 33.16% 35.65%
Average number of employees 106 102
Profit Before Tax on turnover 5.42% 7.02%

The current years management accounts confirm strong financial performance is continuing.

ON BEHALF OF THE BOARD:





Mr M S Dunning ACA - Director


31 July 2024

ANSA Elevators Limited (Registered number: 03785224)

Report of the Directors
for the Year Ended 31 October 2023

The directors present their report with the financial statements of the company for the year ended 31 October 2023.

DIVIDENDS
The total distribution of dividends for the year ended 31 October 2023 will be £ 425,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 November 2022 to the date of this report.

Mr M S Dunning ACA
Mr G T Kennedy
Mr A Greenhalgh
Mr J Taylor

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:





Mr M S Dunning ACA - Director


31 July 2024

Report of the Independent Auditors to the Members of
ANSA Elevators Limited

Opinion
We have audited the financial statements of ANSA Elevators Limited (the 'company') for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 October 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
ANSA Elevators Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Report of the Independent Auditors to the Members of
ANSA Elevators Limited


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and then design and perform audit procedures responsive to those risks, including obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Identifying and assessing potential risks to irregularities
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, we considered the following:

Audit response to risks identified
- the nature of the industry and sector, control environment and business performance;
- results of enquiries of management about their own identification and assessment of the risks of irregularities;
- any matters we identified having obtained and reviewed the Company's documentation of their policies and procedures relating to:
- identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance;
- detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;
- the internal controls established to mitigate risks of fraud or non-compliance with laws and regulations;
- the matters discussed among the audit engagement team and involving other internal specialists including tax regarding how and where fraud might occur in the financial statements and any potential indicators of fraud.

As a result of these procedures, we considered the opportunities and incentives that may exist within the organisation for fraud. In common with all audits under ISAs (UK), we are also required to perform specific procedures to respond to the risks of management override.

We also obtained an understanding of the legal and regulatory frameworks that the Company operates in, focusing on provisions of those laws and regulations that had a direct effect on the determination of material amounts and disclosures in the financial statements. The key laws and regulations we considered in this context included the UK Companies Act and local tax legislation.

Audit response to risks identified
As a result of performing the above, we did not identify any key audit matters related to the potential risk of fraud.

Our procedures to respond to risks identified included the following:
- reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with provisions of relevant laws and regulations described as having a direct effect on the financial statements;
- enquiring of management concerning actual and potential litigation and claims;
- performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
- obtained an understanding of provisions and held discussions with management to understand the basis of recognition or non-recognition of tax provisions; and
- in addressing the risks of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or noncompliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
ANSA Elevators Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Ian Sluckis BA FCA (Senior Statutory Auditor)
for and on behalf of Freedman Frankl & Taylor
Statutory Auditors
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

31 July 2024

ANSA Elevators Limited (Registered number: 03785224)

Statement of Income and
Retained Earnings
for the Year Ended 31 October 2023

2023 2022
Notes £    £   

TURNOVER 3 14,865,496 13,223,308

Cost of sales 9,935,807 8,509,020
GROSS PROFIT 4,929,689 4,714,288

Administrative expenses 4,157,358 3,788,151
OPERATING PROFIT 5 772,331 926,137

Interest receivable and similar income 33,841 2,430
806,172 928,567

Interest payable and similar expenses 6 6 -
PROFIT BEFORE TAXATION 806,166 928,567

Tax on profit 7 190,046 181,540
PROFIT FOR THE FINANCIAL YEAR 616,120 747,027

Retained earnings at beginning of year 2,651,857 2,304,830

Dividends 8 (425,000 ) (400,000 )

RETAINED EARNINGS AT END OF YEAR 2,842,977 2,651,857

ANSA Elevators Limited (Registered number: 03785224)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 610,276 508,594

CURRENT ASSETS
Debtors 10 3,821,458 3,707,296
Cash at bank 2,016,692 1,980,506
5,838,150 5,687,802
CREDITORS
Amounts falling due within one year 11 3,461,162 3,421,179
NET CURRENT ASSETS 2,376,988 2,266,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,987,264

2,775,217

PROVISIONS FOR LIABILITIES 13 139,287 118,360
NET ASSETS 2,847,977 2,656,857

CAPITAL AND RESERVES
Called up share capital 14 5,000 5,000
Retained earnings 15 2,842,977 2,651,857
SHAREHOLDERS' FUNDS 2,847,977 2,656,857

The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by:





Mr M S Dunning ACA - Director


ANSA Elevators Limited (Registered number: 03785224)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

ANSA Elevators 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

ANSA Elevators Limited (Registered number: 03785224)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Significant judgements and estimates
In applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revision to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods.

Significant accounting Judgements

The significant accounting judgements that the directors have made in the process of applying the Company's accounting policies that have the most significant effect on the amounts recognised in the statutory financial statements are in respect of turnover and tangible fixed assets as discussed below.

Key sources of estimation uncertainty

The key assumptions concerning the future, and other key sources of estimation uncertainty, that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are disclosed below.

The turnover policy, as described below, requires forecasts to be made of the outcomes of long-term construction contracts. These require assessments and judgements to be made on the recovery of pre-contract costs, changes in the scope of work and changes in costs. The range of potential outcomes could result in a positive or negative change to underlying profitability and cash flow.

Provisions are made for expected future losses on incomplete contracts. These provision require management's best estimate of the costs that will be required to complete contracts based on contractual requirements.

Assessing indicators of impairment
In assessing whether there have been any indicators of impairment assets, the directors have considered both external and internal sources of information such as market conditions and experience of recoverability. There have been no indicators of impairments identified during the current financial year.

Tangible fixed assets
Tangible fixed assets, are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values.

ANSA Elevators Limited (Registered number: 03785224)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured at the fair value of the consideration received and receivable for services provided, net of trade discounts and value added tax. Turnover from contracting and service activities represents the value of work carried out during the year, including amounts not invoiced.
When the outcome of individual construction and service contracts can be foreseen with reasonable certainty and can be estimated reliably, margin is recognised by reference to the stage of completion, based on the lower of the percentage margin earned to date and that prudently forecast at completion. Full provision is made for all known or expected losses on individual contracts immediately once such losses are foreseen.Variation in work, claims and incentive payments are included to the extent that it is probable they will result in revenue.

Interest income
Bank and other interest is recognised in the period in which it was received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold improvements - The period of the lease
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Tangible fixed assets are recorded at cost less accumulated depreciation and accumulated impairment losses.

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

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

ANSA Elevators Limited (Registered number: 03785224)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

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.

Going concern
The company's financial statements for the year ended 31st October 2023 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Stock and work in progress
Profit on contracting is taken on short-term contracts when completed, and for long-term contracts attributable profit is taken when the final outcome can be foreseen with reasonable certainty; provision is made for any anticipated losses. Amounts, by which turnover in respect of long-term contracts exceed payment on account, are held in debtors as amounts recoverable on contracts. Amounts received in respect of long-term contracts, in excess of amounts reflected in turnover, are held in creditors as payments on account.

3. TURNOVER

The turnover and profit before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

2023 2022
£    £   
Construction 6,862,176 5,989,323
Maintenance 8,003,320 7,233,985
14,865,496 13,223,308

4. EMPLOYEES AND DIRECTORS
2023 2022
£    £   
Wages and salaries 3,761,603 3,327,199
Social security costs 396,686 366,637
Other pension costs 175,869 161,540
4,334,158 3,855,376

The average number of employees during the year was as follows:
2023 2022

Administration 45 44
Direct labour 61 58
106 102

2023 2022
£    £   
Directors' remuneration - -

ANSA Elevators Limited (Registered number: 03785224)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. OPERATING PROFIT

The operating profit is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 263,318 280,320
Profit on disposal of fixed assets (20,124 ) (30,377 )
Auditors' remuneration 13,440 12,800
Operating lease - land & buildings 95,000 95,000

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Other interest 6 -

7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax 168,651 144,193
Prior year adjustment 468 (887 )
Total current tax 169,119 143,306

Deferred tax 20,927 38,234
Tax on profit 190,046 181,540

ANSA Elevators Limited (Registered number: 03785224)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. TAXATION - continued

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 806,166 928,567
Profit multiplied by the standard rate of corporation tax in the UK of 25% (2022 -
19%)

201,542

176,428

Effects of:
Expenses not deductible for tax purposes 7,505 5,810
Capital allowances in excess of depreciation (878 ) (10,300 )
Adjustments to tax charge in respect of previous periods 468 (887 )
Research & development - (17,918 )
Deferred tax charge - impact of rate change - 28,407
Tax rate change (18,591 ) -
Total tax charge 190,046 181,540

From 1 April 2023, the rate of corporation tax in the United Kingdom has increased from 19% to 25%.

8. DIVIDENDS
2023 2022
£    £   
Interim 425,000 400,000

ANSA Elevators Limited (Registered number: 03785224)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

9. TANGIBLE FIXED ASSETS
Fixtures
Leasehold Plant and and
improvements machinery fittings
£    £    £   
COST
At 1 November 2022 46,377 80,578 61,005
Additions - 704 3,611
Disposals - - -
At 31 October 2023 46,377 81,282 64,616
DEPRECIATION
At 1 November 2022 38,389 56,402 48,741
Charge for year 1,305 9,109 5,291
Eliminated on disposal - - -
At 31 October 2023 39,694 65,511 54,032
NET BOOK VALUE
At 31 October 2023 6,683 15,771 10,584
At 31 October 2022 7,988 24,176 12,264

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 November 2022 1,199,701 356,914 1,744,575
Additions 308,887 53,885 367,087
Disposals (82,849 ) (3,618 ) (86,467 )
At 31 October 2023 1,425,739 407,181 2,025,195
DEPRECIATION
At 1 November 2022 829,033 263,416 1,235,981
Charge for year 210,412 37,201 263,318
Eliminated on disposal (80,762 ) (3,618 ) (84,380 )
At 31 October 2023 958,683 296,999 1,414,919
NET BOOK VALUE
At 31 October 2023 467,056 110,182 610,276
At 31 October 2022 370,668 93,498 508,594

ANSA Elevators Limited (Registered number: 03785224)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,164,352 2,171,031
Amounts owed by group undertakings 346,734 562,406
Amounts recoverable on contract 1,085,431 763,450
Other debtors 20,772 21,573
Prepayments 204,169 188,836
3,821,458 3,707,296

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,279,116 2,256,375
Tax 168,651 144,193
Social security and other taxes 359,314 343,400
Other creditors 452,186 474,781
Accrued expenses 201,895 202,430
3,461,162 3,421,179

12. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 95,000 95,000
Between one and five years 380,000 380,000
In more than five years 190,000 285,000
665,000 760,000

13. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 139,287 118,360

Deferred
tax
£   
Balance at 1 November 2022 118,360
Charge to income statement
during year 20,927
Balance at 31 October 2023 139,287

ANSA Elevators Limited (Registered number: 03785224)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

13. PROVISIONS FOR LIABILITIES - continued

Analysis of deferred tax balance

20232022
£ £
Accelerated capital allowances139,287118,360

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
5,000 Ordinary £1 5,000 5,000

15. RESERVES
Retained
earnings
£   

At 1 November 2022 2,651,857
Profit for the year 616,120
Dividends (425,000 )
At 31 October 2023 2,842,977

16. ULTIMATE PARENT COMPANY

The company's immediate parent entity is ANSA Elevators Group Limited, it's ultimate holding company is ANSA Elevators AB Ltd, both entities are registered in England and Wales. Copies of the financial statement for ANSA Elevators Group Limited and the consolidated financial statements for ANSA Elevators AB Ltd can be obtained from the registered office of that entity which is the same as this company and the address can be found on the Company Information page.

17. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.


During the year, the company paid £95,000 (2022: £95,000) in rent to an entity in which some of the directors have a material interest. At 31 October 2023, the balance outstanding was nil (2022: nil).