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REGISTERED NUMBER: 04718389 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

B & W LIFT SERVICES LIMITED

B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B & W LIFT SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D J F Jenkins
T S Jeffery





SECRETARY: D J F Jenkins





REGISTERED OFFICE: Unit 10 Precision 4 Business Park
Bingham Road
Sittingbourne
Kent
ME10 3FZ





REGISTERED NUMBER: 04718389 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
12 Conqueror Court
Sittingbourne
Kent
ME10 5BH

B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,878 44,418

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 79,312 61,000
Cash at bank 63,797 81,740
145,109 144,740
CREDITORS
Amounts falling due within one year 6 171,227 176,911
NET CURRENT LIABILITIES (26,118 ) (32,171 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,760

12,247

PROVISIONS FOR LIABILITIES 8,970 11,105
NET ASSETS 790 1,142

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 690 1,042
SHAREHOLDERS' FUNDS 790 1,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)

BALANCE SHEET - continued
31 MARCH 2024


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 16 October 2024 and were signed on its behalf by:





D J F Jenkins - Director


B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

B & W Lift Services Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or from the rendering of services.

Turnover from the sale of lift spares is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Turnover from the rendering of lift repair services is recognised by reference to the level of labour undertaken and costs of materials included in the service supplied.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
Financial assets - trade and other debtors are basic financial instruments and debt instruments measured at fair value through the Income Statement and are measured subsequently at amortised cost. Prepayments are not financial instruments.

Cash comprises cash at bank, in hand and short term deposits with an original maturity date of three months or less. Cash at bank is measured at face value.

Financial liabilities - trade creditors and other creditors are measured initially at fair value through the Income Statement and are measured subsequently at amortised cost.

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.


B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 29,786 804 49,139 2,205 81,934
Additions 1,668 68 - 1,494 3,230
At 31 March 2024 31,454 872 49,139 3,699 85,164
DEPRECIATION
At 1 April 2023 18,046 588 17,834 1,048 37,516
Charge for year 3,208 68 7,822 672 11,770
At 31 March 2024 21,254 656 25,656 1,720 49,286
NET BOOK VALUE
At 31 March 2024 10,200 216 23,483 1,979 35,878
At 31 March 2023 11,740 216 31,305 1,157 44,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 74,124 56,684
Other debtors 5,188 4,316
79,312 61,000

B & W LIFT SERVICES LIMITED (REGISTERED NUMBER: 04718389)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,063 30,040
Amounts owed to group undertakings 124,115 117,185
Taxation and social security 18,656 27,386
Other creditors 10,393 2,300
171,227 176,911