IRIS Accounts Production v24.1.9.2 07768194 Board of Directors 1.11.22 31.10.23 31.10.23 31.7.24 true false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh077681942022-10-31077681942023-10-31077681942022-11-012023-10-31077681942021-10-31077681942021-11-012022-10-31077681942022-10-3107768194ns15:EnglandWales2022-11-012023-10-3107768194ns14:PoundSterling2022-11-012023-10-3107768194ns10:Director12022-11-012023-10-3107768194ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3107768194ns10:SmallEntities2022-11-012023-10-3107768194ns10:Audited2022-11-012023-10-3107768194ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3107768194ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3107768194ns10:FullAccounts2022-11-012023-10-3107768194ns10:Director22022-11-012023-10-3107768194ns10:Director32022-11-012023-10-3107768194ns10:Director42022-11-012023-10-3107768194ns10:RegisteredOffice2022-11-012023-10-3107768194ns5:CurrentFinancialInstruments2023-10-3107768194ns5:CurrentFinancialInstruments2022-10-3107768194ns5:ShareCapital2023-10-3107768194ns5:ShareCapital2022-10-3107768194ns5:SharePremium2023-10-3107768194ns5:SharePremium2022-10-3107768194ns5:CapitalRedemptionReserve2023-10-3107768194ns5:CapitalRedemptionReserve2022-10-3107768194ns5:RetainedEarningsAccumulatedLosses2023-10-3107768194ns5:RetainedEarningsAccumulatedLosses2022-10-3107768194ns5:CostValuation2022-10-3107768194ns5:Subsidiary12022-11-012023-10-3107768194ns5:Subsidiary112022-11-012023-10-3107768194ns5:Subsidiary12023-10-3107768194ns5:Subsidiary12022-10-3107768194ns5:Subsidiary12021-11-012022-10-3107768194ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3107768194ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3107768194ns10:Director442022-10-3107768194ns10:Director442021-10-3107768194ns10:Director442022-11-012023-10-3107768194ns10:Director442021-11-012022-10-3107768194ns10:Director442023-10-3107768194ns10:Director442022-10-3107768194ns10:Director332022-10-3107768194ns10:Director332021-10-3107768194ns10:Director332022-11-012023-10-3107768194ns10:Director332021-11-012022-10-3107768194ns10:Director332023-10-3107768194ns10:Director332022-10-31
REGISTERED NUMBER: 07768194 (England and Wales)














Financial Statements

for the Year Ended 31 October 2023

for

ANSA Elevators Group Limited

ANSA Elevators Group Limited (Registered number: 07768194)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANSA Elevators Group Limited

Company Information
for the Year Ended 31 October 2023







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



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



REGISTERED NUMBER: 07768194 (England and Wales)



SENIOR STATUTORY AUDITOR: Ian Sluckis FCA



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

ANSA Elevators Group Limited (Registered number: 07768194)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 5,000 5,000

CURRENT ASSETS
Debtors 5 6,921,670 6,745,762
Cash at bank 42,390 340,468
6,964,060 7,086,230
CREDITORS
Amounts falling due within one year 6 3,737,794 3,882,886
NET CURRENT ASSETS 3,226,266 3,203,344
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,231,266

3,208,344

CAPITAL AND RESERVES
Called up share capital 1,920 1,920
Share premium 1,845 1,845
Capital redemption reserve 630 630
Retained earnings 3,226,871 3,203,949
SHAREHOLDERS' FUNDS 3,231,266 3,208,344

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 31 July 2024 and were signed on its behalf by:





M S Dunning ACA - Director


ANSA Elevators Group Limited (Registered number: 07768194)

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

1. STATUTORY INFORMATION

ANSA Elevators Group 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
Turnover represents the provision of management services to its subsidiary undertaking.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 10 ) .

ANSA Elevators Group Limited (Registered number: 07768194)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 November 2022
and 31 October 2023 5,000
NET BOOK VALUE
At 31 October 2023 5,000
At 31 October 2022 5,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

ANSA Elevators Limited
Registered office: 21 Broadgate, Broadway Business Park, Chadderton, Lancashire, 0L9 9XA
Nature of business: Elevator installation and maintenance.
%
Class of shares: holding
Ordinary 100.00
2023 2022
£    £   
Aggregate capital and reserves 2,842,977 2,656,857
Profit for the year 616,120 747,027

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by group undertakings 5,071,588 5,071,588
Other debtors 1,850,082 1,674,174
6,921,670 6,745,762

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 345,683 562,406
Taxation and social security 176,408 141,724
Other creditors 3,215,703 3,178,756
3,737,794 3,882,886

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Ian Sluckis FCA (Senior Statutory Auditor)
for and on behalf of Freedman Frankl & Taylor

ANSA Elevators Group Limited (Registered number: 07768194)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
A Greenhalgh
Balance outstanding at start of year 1,053,838 985,604
Amounts advanced 518,314 299,154
Amounts repaid (220,118 ) (230,920 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,352,034 1,053,838

J Taylor
Balance outstanding at start of year 325,366 80,232
Amounts advanced 15,649 342,068
Amounts repaid (164,945 ) (96,934 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 176,070 325,366

During the year, the company received interest amounting to £31,493 in respect of directors advances at a rate of 2% to 2.25% per annum.

9. 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.

At 31 October 2023, other creditors included the director's current account balances amounting to £3,079,550. There are no fixed repayment terms and interest amounting to £64,786 has been charged to the company in respect of these balances at a rate of 2% to 2.25% per annum.




10. ULTIMATE CONTROLLING PARTY

The company's ultimate parent entity is ANSA Elevators AB LTD, a company registered in England & Wales. Copies of the consolidated financial statements for this company can be obtained from it's registered office which is the same as this company and the address can be found on the Company Information page.