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REGISTERED NUMBER: 06052341 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

GO ESCALATOR SERVICES LIMITED

GO ESCALATOR SERVICES LIMITED (REGISTERED NUMBER: 06052341)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GO ESCALATOR SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: W Powell





SECRETARY: L C Powell





REGISTERED OFFICE: Unit 19, Headley Park
10 Headley Road East
Woodley
Reading
Berkshire
RG5 4SW





REGISTERED NUMBER: 06052341 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

GO ESCALATOR SERVICES LIMITED (REGISTERED NUMBER: 06052341)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,261 3,688
Tangible assets 5 281,791 240,142
284,052 243,830

CURRENT ASSETS
Stocks 654,731 528,722
Debtors 6 414,988 412,772
Cash at bank 866,432 567,515
1,936,151 1,509,009
CREDITORS
Amounts falling due within one year 7 798,562 464,122
NET CURRENT ASSETS 1,137,589 1,044,887
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,421,641

1,288,717

PROVISIONS FOR LIABILITIES 9 64,381 39,068
NET ASSETS 1,357,260 1,249,649

CAPITAL AND RESERVES
Called up share capital 10 24 24
Retained earnings 11 1,357,236 1,249,625
SHAREHOLDERS' FUNDS 1,357,260 1,249,649

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2024 and were signed by:




W Powell - Director


GO ESCALATOR SERVICES LIMITED (REGISTERED NUMBER: 06052341)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Go Escalator 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
Turnover represents net invoiced sales of escalator repair services and materials, excluding Value Added Tax.

Turnover is recognised in the period in which the service was provided.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

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 etc - 20% on cost and 18% 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.

Cost is defined as the actual cost of materials purchased. Net realisable value is defined as the expected selling price less any expected future costs.

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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

GO ESCALATOR SERVICES LIMITED (REGISTERED NUMBER: 06052341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 20 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 5,666
AMORTISATION
At 1 February 2023 1,978
Charge for year 1,427
At 31 January 2024 3,405
NET BOOK VALUE
At 31 January 2024 2,261
At 31 January 2023 3,688

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 372,981
Additions 98,211
At 31 January 2024 471,192
DEPRECIATION
At 1 February 2023 132,839
Charge for year 56,562
At 31 January 2024 189,401
NET BOOK VALUE
At 31 January 2024 281,791
At 31 January 2023 240,142

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 330,898 333,955
Other debtors 84,090 78,817
414,988 412,772

GO ESCALATOR SERVICES LIMITED (REGISTERED NUMBER: 06052341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 337,322 191,754
Taxation and social security 297,117 201,756
Other creditors 164,123 70,612
798,562 464,122

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.24 31.1.23
£    £   
Within one year 44,532 68,082
Between one and five years 52,706 97,238
97,238 165,320

9. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax 64,381 39,068

Deferred
tax
£   
Balance at 1 February 2023 39,068
Provided during year 25,313
Balance at 31 January 2024 64,381

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
24 Ordinary £1.00 24 24

11. RESERVES
Retained
earnings
£   

At 1 February 2023 1,249,625
Profit for the year 559,611
Dividends (452,000 )
At 31 January 2024 1,357,236

GO ESCALATOR SERVICES LIMITED (REGISTERED NUMBER: 06052341)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Director
Balance outstanding at start of year 44 61,808
Amounts advanced 223,317 177,526
Amounts repaid (226,000 ) (239,290 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,639 ) 44

13. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £1,989 (2023 - £(560)) to a shareholder.