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REGISTERED NUMBER: 09980836 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

LIFT PROFESSIONALS LTD

LIFT PROFESSIONALS LTD (Registered number: 09980836)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIFT PROFESSIONALS LTD

Company Information
for the Year Ended 31 July 2023







DIRECTORS: B H El Moussaoui
A El-Moussawi





REGISTERED OFFICE: 50 SALISBURY ROAD
HOUNSLOW
LONDON
TW4 6JQ





REGISTERED NUMBER: 09980836 (England and Wales)






LIFT PROFESSIONALS LTD (Registered number: 09980836)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,286 1,474

CURRENT ASSETS
Debtors 5 8,712 -
Cash at bank and in hand 38,347 73,434
47,059 73,434
CREDITORS
Amounts falling due within one year 6 41,115 44,158
NET CURRENT ASSETS 5,944 29,276
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,230

30,750

CREDITORS
Amounts falling due after more than
one year

7

22,182

32,536
NET LIABILITIES (14,952 ) (1,786 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (15,052 ) (1,886 )
(14,952 ) (1,786 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LIFT PROFESSIONALS LTD (Registered number: 09980836)

Balance Sheet - continued
31 July 2023


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 Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





A El-Moussawi - Director


LIFT PROFESSIONALS LTD (Registered number: 09980836)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

LIFT PROFESSIONALS LTD 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.

Going Concern
In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements.

The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

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.


LIFT PROFESSIONALS LTD (Registered number: 09980836)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

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 NIL (2022 - 2 ).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 2,808
DEPRECIATION
At 1 August 2022 1,334
Charge for year 188
At 31 July 2023 1,522
NET BOOK VALUE
At 31 July 2023 1,286
At 31 July 2022 1,474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 8,712 -

LIFT PROFESSIONALS LTD (Registered number: 09980836)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 10,354 10,354
Trade creditors - 1
Taxation and social security 24,213 18,054
Other creditors 6,548 15,749
41,115 44,158

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 22,182 32,536

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 July 2023, a balance of £1,962 (2022: £9,779 owed to) was owed by B H El Moussaoui, the director.