Acorah Software Products - Accounts Production 15.0.600 true true 30 November 2022 1 December 2021 false 1 December 2022 30 November 2023 30 November 2023 4329066 Mr Gary Riley iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 4329066 2022-11-30 4329066 2023-11-30 4329066 2022-12-01 2023-11-30 4329066 frs-core:CurrentFinancialInstruments 2023-11-30 4329066 frs-core:PlantMachinery 2022-12-01 2023-11-30 4329066 frs-core:ShareCapital 2023-11-30 4329066 frs-core:RetainedEarningsAccumulatedLosses 2023-11-30 4329066 frs-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 4329066 frs-bus:FilletedAccounts 2022-12-01 2023-11-30 4329066 frs-bus:SmallEntities 2022-12-01 2023-11-30 4329066 frs-bus:EntityNoLongerTradingButTradedInPast 2022-12-01 2023-11-30 4329066 frs-bus:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 4329066 frs-bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 4329066 frs-bus:Director1 2022-12-01 2023-11-30 4329066 frs-countries:EnglandWales 2022-12-01 2023-11-30 4329066 2021-11-30 4329066 2022-11-30 4329066 2021-12-01 2022-11-30 4329066 frs-core:CurrentFinancialInstruments 2022-11-30 4329066 frs-core:ShareCapital 2022-11-30 4329066 frs-core:RetainedEarningsAccumulatedLosses 2022-11-30
Registered number: 4329066
Freightlift Ltd
Unaudited Dormant Financial Statements
For The Year Ended 30 November 2023
C.S. Watson & Co
Suite OWS
Central House
High Street
Ongar
CM5 9AA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 4329066
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 85 157
85 157
Creditors: Amounts Falling Due Within One Year 5 (19,003 ) (18,746 )
NET CURRENT ASSETS (LIABILITIES) (18,918 ) (18,589 )
TOTAL ASSETS LESS CURRENT LIABILITIES (18,918 ) (18,589 )
NET LIABILITIES (18,918 ) (18,589 )
CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and Loss Account (18,920 ) (18,591 )
SHAREHOLDERS' FUNDS (18,918) (18,589)
Page 1
Page 2
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gary Riley
Director
28/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Freightlift Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 4329066 . The registered office is Choats Road, Dagenham, Essex, RM9 6RJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: (2022: NIL)
- -
Page 3
Page 4
4. Debtors
2023 2022
£ £
Due within one year
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors 5,034 5,092
Director's loan account 13,969 13,654
19,003 18,746
6. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 2 2
Page 4