SJ Lifts Ltd 07836730 false 2022-12-01 2023-11-30 2023-11-30 The principal activity of the company is lift maintenance Digita Accounts Production Advanced 6.30.9574.0 true true 07836730 2022-12-01 2023-11-30 07836730 2023-11-30 07836730 bus:OrdinaryShareClass1 2023-11-30 07836730 core:CurrentFinancialInstruments 2023-11-30 07836730 core:CurrentFinancialInstruments core:WithinOneYear 2023-11-30 07836730 core:Non-currentFinancialInstruments core:AfterOneYear 2023-11-30 07836730 core:MotorVehicles 2023-11-30 07836730 core:PlantMachinery 2023-11-30 07836730 bus:SmallEntities 2022-12-01 2023-11-30 07836730 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07836730 bus:FilletedAccounts 2022-12-01 2023-11-30 07836730 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 07836730 bus:RegisteredOffice 2022-12-01 2023-11-30 07836730 bus:Director1 2022-12-01 2023-11-30 07836730 bus:Director2 2022-12-01 2023-11-30 07836730 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07836730 core:MotorVehicles 2022-12-01 2023-11-30 07836730 core:PlantMachinery 2022-12-01 2023-11-30 07836730 core:Vehicles 2022-12-01 2023-11-30 07836730 countries:AllCountries 2022-12-01 2023-11-30 07836730 2022-11-30 07836730 core:MotorVehicles 2022-11-30 07836730 core:PlantMachinery 2022-11-30 07836730 2021-12-01 2022-11-30 07836730 2022-11-30 07836730 bus:OrdinaryShareClass1 2022-11-30 07836730 core:CurrentFinancialInstruments 2022-11-30 07836730 core:CurrentFinancialInstruments core:WithinOneYear 2022-11-30 07836730 core:Non-currentFinancialInstruments core:AfterOneYear 2022-11-30 07836730 core:MotorVehicles 2022-11-30 07836730 core:PlantMachinery 2022-11-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 07836730

SJ Lifts Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

Company Information

Directors

Mr S Graham

Mrs L Graham

Registered office

110 Prescot Road
Aughton
Ormskirk
West Lancashire
L39 4SW

Accountants

Williamson Croft (Liverpool) Ltd
Chartered Certified Accountants
1 Old Hall Street
1st Floor
Liverpool
L3 9HF

 

(Registration number: 07836730)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

100,023

93,394

Current assets

 

Debtors

5

166,423

189,750

Cash at bank and in hand

 

70,881

43,459

 

237,304

233,209

Creditors: Amounts falling due within one year

6

(57,099)

(46,763)

Net current assets

 

180,205

186,446

Total assets less current liabilities

 

280,228

279,840

Creditors: Amounts falling due after more than one year

6

(70,074)

(75,251)

Net assets

 

210,154

204,589

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

210,054

204,489

Shareholders' funds

 

210,154

204,589

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 August 2024 and signed on its behalf by:
 

.........................................
Mr S Graham
Director

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
110 Prescot Road
Aughton
Ormskirk
West Lancashire
L39 4SW

These financial statements were authorised for issue by the Board on 22 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

25% straight line

Motor Vehicles

15% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2022 - 8).

4

Tangible assets

Plant and machinery
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 December 2022

27,770

132,403

160,173

Additions

1,153

30,360

31,513

At 30 November 2023

28,923

162,763

191,686

Depreciation

At 1 December 2022

19,210

47,569

66,779

Charge for the year

4,471

20,413

24,884

At 30 November 2023

23,681

67,982

91,663

Carrying amount

At 30 November 2023

5,242

94,781

100,023

At 30 November 2022

8,560

84,834

93,394

5

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

54,400

41,365

Amounts owed by related parties

49,271

49,271

Prepayments

 

9,401

7,049

Other debtors

 

53,351

92,065

   

166,423

189,750

 

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

27,780

26,349

Taxation and social security

 

22,788

12,955

Accruals and deferred income

 

2,945

2,790

Other creditors

 

3,586

4,669

 

57,099

46,763

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

70,074

75,251

7

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary shares

100

100

100

100