Acorah Software Products - Accounts Production 15.0.600 false true true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 07566686 Miss L M Fleming Mr S J Honeywood Miss L M Fleming Yorkshire Peaks Investments Ltd 4 Carrwood Park, Selby Road, Leeds, West Yorkshire, LS15 4LG true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07566686 2022-12-31 07566686 2023-12-31 07566686 2023-01-01 2023-12-31 07566686 frs-core:CurrentFinancialInstruments 2023-12-31 07566686 frs-core:Non-currentFinancialInstruments 2023-12-31 07566686 frs-core:BetweenOneFiveYears 2023-12-31 07566686 frs-core:MotorVehicles 2023-12-31 07566686 frs-core:MotorVehicles 2023-01-01 2023-12-31 07566686 frs-core:MotorVehicles 2022-12-31 07566686 frs-core:PlantMachinery 2023-12-31 07566686 frs-core:PlantMachinery 2023-01-01 2023-12-31 07566686 frs-core:PlantMachinery 2022-12-31 07566686 frs-core:WithinOneYear 2023-12-31 07566686 frs-core:ShareCapital 2023-12-31 07566686 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07566686 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07566686 frs-bus:FilletedAccounts 2023-01-01 2023-12-31 07566686 frs-bus:SmallEntities 2023-01-01 2023-12-31 07566686 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07566686 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07566686 1 2023-01-01 2023-12-31 07566686 frs-bus:Director1 2023-01-01 2023-12-31 07566686 frs-bus:Director2 2023-01-01 2023-12-31 07566686 frs-bus:CompanySecretary1 2023-01-01 2023-12-31 07566686 frs-countries:EnglandWales 2023-01-01 2023-12-31 07566686 2021-12-31 07566686 2022-12-31 07566686 2022-01-01 2022-12-31 07566686 frs-core:CurrentFinancialInstruments 2022-12-31 07566686 frs-core:Non-currentFinancialInstruments 2022-12-31 07566686 frs-core:BetweenOneFiveYears 2022-12-31 07566686 frs-core:MoreThanFiveYears 2022-12-31 07566686 frs-core:MotorVehicles 2022-01-01 2022-12-31 07566686 frs-core:WithinOneYear 2022-12-31 07566686 frs-core:ShareCapital 2022-12-31 07566686 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31 07566686 frs-core:CurrentFinancialInstruments 1 2022-12-31
Registered number: 07566686
Height Lift & Shift Limited
Unaudited Financial Statements
For The Year Ended 31 December 2023
WAC (Whale & Company) Limited
Chartered Accountants & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—7
Page 1
Balance Sheet
Registered number: 07566686
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 164,989 160,037
164,989 160,037
CURRENT ASSETS
Stocks 5 247,427 241,619
Debtors 6 256,562 334,549
Cash at bank and in hand 192,948 52,346
696,937 628,514
Creditors: Amounts Falling Due Within One Year 7 (403,174 ) (407,387 )
NET CURRENT ASSETS (LIABILITIES) 293,763 221,127
TOTAL ASSETS LESS CURRENT LIABILITIES 458,752 381,164
Creditors: Amounts Falling Due After More Than One Year 8 (199,398 ) (144,034 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (41,250 ) (40,050 )
NET ASSETS 218,104 197,080
CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Profit and Loss Account 208,104 187,080
SHAREHOLDERS' FUNDS 218,104 197,080
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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
Miss L M Fleming
Director
2nd September 2024
The notes on pages 3 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Height Lift & Shift Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07566686 . The registered office is 4 Carrwood Park, Selby Road, Leeds, West Yorkshire, LS15 4LG.
These financial statements are prepared in sterling (GBP), which is the functional currency of the company.  Monetary amounts are rounded to the nearest pound.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention, except as disclosed in the accounting policies certain items are shown at fair value. They are also prepared 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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services 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.
2.4. Tangible Fixed Assets and Depreciation
Tangible assets are stated in the statement of financial position 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 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 a straight line basis at varying rates, as follows:
Plant & Machinery 10% to 25%
Motor Vehicles 25%
2.5. Leasing and Hire Purchase Contracts
Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Those acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives. Assets acquired under hire purchase contracts are depreciated over their useful economic lives.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the period of the lease.
2.6. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.7. Foreign Currencies
Monetary 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.8. Taxation
The tax expense for the period comprises current and deferred 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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
2.9. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as an employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.10. Government Grant
Grants received are deducted from the cost of expenditure where the expenditure relates to fixed assets or short life projects with the net cost written off over the useful economic life of the asset or the project. Other grants are included in the financial statements as Other Income.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.11. Dividends
Dividend distributions to the company's shareholder is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
2.12. Cash, Trade Debtors and Trade Creditors
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.
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.
2.13. 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.
2.14. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 9 (2022: 8)
9 8
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 1 January 2023 182,066 83,395 265,461
Additions 25,285 36,950 62,235
Disposals (5,175 ) - (5,175 )
As at 31 December 2023 202,176 120,345 322,521
Depreciation
As at 1 January 2023 74,134 31,290 105,424
Provided during the period 36,100 18,933 55,033
Disposals (2,925 ) - (2,925 )
As at 31 December 2023 107,309 50,223 157,532
Net Book Value
As at 31 December 2023 94,867 70,122 164,989
As at 1 January 2023 107,932 52,105 160,037
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2023 2022
£ £
Motor Vehicles 36,950 52,105
5. Stocks
2023 2022
£ £
Stock 228,902 184,907
Finished goods 18,060 43,066
Work in progress 465 13,646
247,427 241,619
6. Debtors
2023 2022
£ £
Due within one year
Trade debtors 213,054 287,087
Prepayments and accrued income 35,422 46,914
Other debtors 8,086 548
256,562 334,549
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7. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 7,813 17,358
Trade creditors 234,865 252,178
Corporation tax 18,787 2,100
Other taxes and social security 7,219 8,214
VAT 34,518 7,806
Other creditors - 27
Pension scheme creditor - 187
Accruals and deferred income 83,932 107,685
Amounts owed to group undertakings 16,040 11,832
403,174 407,387
8. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 19,137 33,461
Trade creditors 180,261 110,573
199,398 144,034
9. Secured Creditors
Of the creditors the following amounts are secured, on the assets concerned.
2023 2022
£ £
Net obligations under finance lease and hire purchase contracts 26,950 50,819
10. Obligations Under Finance Leases and Hire Purchase
2023 2022
£ £
The future minimum finance lease payments are as follows:
Not later than one year 7,813 17,358
Later than one year and not later than five years 19,137 17,289
Later than five years - 16,172
26,950 50,819
26,950 50,819
11. Deferred Taxation
The provision for deferred tax arises from accelerated capital allowances:
2023 2022
£ £
Other timing differences 41,250 40,050
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12. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 10,000 10,000
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases and licences are as following:
2023 2022
£ £
Not later than one year 7,410 6,510
7,410 6,510
14. Dividends
2023 2022
£ £
On equity shares:
Interim dividend paid 40,000 -
15. Related Party Transactions
Summary of transactions with parent company
Insurance has been purchased during the year from the parent company in the sum of £21,309 (2022 - £21,309) and management charges incurred in the sum of £6,000 (2022 - £6,000). 
Loans have also been received from and made to the parent company with interest of £0 being payable this year (2022 - £683). At the end of the financial year the company owed the parent company the sum of £16,040 (2022 - £11,832).
All transactions are considered to be on an arms length basis with the amount owing repayable on demand.
16. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Yorkshire Peaks Investments Ltd . Yorkshire Peaks Investments Ltd was incorporated in England and Wales. Copies of their financial statements may be obtained from the secretary, 4 Carrwood Park, Selby Road, Leeds, West Yorkshire, LS15 4LG . The ultimate controlling party is Yorkshire Peaks Investments Ltd who controls 100% of the shares of Height Lift & Shift Limited .
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