2023-02-01 2024-01-31 NI650092 ADVANCED LIFTING & RIGGING SOLUTIONS LTD false NI650092 2023-02-01 2024-01-31 NI650092 uk-bus:Director1 2023-02-01 2024-01-31 NI650092 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 NI650092 uk-bus:SmallEntities 2023-02-01 2024-01-31 NI650092 uk-bus:FullAccounts 2023-02-01 2024-01-31 NI650092 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 NI650092 2023-02-01 NI650092 2024-01-31 NI650092 2023-01-31 xbrli:pure iso4217:GBP NI650092 2022-02-01 2023-01-31
Company Registration Number : NI650092 (Northern Ireland)
NI650092
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-01-31
false
ADVANCED LIFTING & RIGGING SOLUTIONS LTD
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-02-01
ADVANCED LIFTING & RIGGING SOLUTIONS LTD
Unaudited filleted financial statements
For the year ended 31 January 2024
ADVANCED LIFTING & RIGGING SOLUTIONS LTD
Contents
For the year ended 31 January 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


ADVANCED LIFTING & RIGGING SOLUTIONS LTD
Company Information
For the year ended 31 January 2024

Company registration number NI650092 (Northern Ireland)
Directors Martin CONNOLLY
Evelyn Connolly
Registered office address 80 Hillview Road
Carrickfergus
BT38 8GY
Accountant Bias Accountants Ltd
53 Inchbonnie Road
South Woodham Ferrers
Chelmsford
CM3 5FD
ADVANCED LIFTING & RIGGING SOLUTIONS LTD
Statement of Financial Position
For the year ended 31 January 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 89,153 28,457
6 89,153 28,457
Current assets
Debtors 11,461 25,261
Cash and cash equivalents 301,287 47,079
312,748 72,340
Current liabilities
Creditors: Amounts falling due within one year (138,274) (5,513)
Corporation tax payable (44,936) (21,859)
(183,210) (27,372)
Net current assets/(liabilities) 129,538 44,969
Total assets less current liabilities 218,691 73,425
Non-current liabilities
Creditors: Amounts falling due after more than one year (43,906) (19,161)
Net assets/(liabilities) 174,784 54,264
Capital and reserves
Called up share capital 11 10
Retained earnings 174,773 54,254
Shareholder's funds 174,784 54,264
For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 January 2024 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 responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 September 2024
.............................
Martin CONNOLLY (Director)
Company registration number: NI650092
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-01-31 31 January 2024
2024 2023
£ £
Fixed Assets 89,153 28,457
Current Assets 312,748 72,340
Creditors: amounts falling due within one year (183,210) (27,372)
Net current assets (liabilities) 129,538 44,969
Total assets less current liabilities 218,691 73,425
CREDITORS: Amounts falling due more than one year (43,906) (19,161)
Net Assets (liabilities) 174,784 54,264
Capital and Reserves 174,784 54,264
For the year ending 31/01/2024 the company was entitled to exemption 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. For the year ending 31-01-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 16 September 2024 2024-09-16 and signed on behalf of the board,
.............................
Martin CONNOLLY
Director
Company registration number: NI650092
ADVANCED LIFTING & RIGGING SOLUTIONS LTD
Notes to the Financial Statements
For the year ended 31 January 2024

(1) General Information
The company is a private company limited by shares and is registered in Northern Ireland. The address of the registered office is 80 Hillview Road, Carrickfergus, BT38 8GY.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

These financial statements for the year ended 31 January 2024 are the first financial statements of the company prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A. The date of transition is 01 February 2023. The transition from FRS 105 to FRS 102 Section 1A is not considered to have had a material effect on the financial statements.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings25% straight line
Equipment25% straight line
Motor Cars25% straight line
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the year, the average number of employees including director was 7 (2023 : 2).

(6) Fixed assets
Tangible

£
Cost
As at 01 February 202360,570
Additions117,434
Disposals(28,105)
As at 31 January 2024149,899
Depreciation/Amortisation
As at 01 February 202332,113
For the year35,659
Write off on disposals(7,026)
As at 31 January 202460,746
Net book value
As at 31 January 202489,153
As at 31 January 202328,457