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Registered number: 13118352

Notorious Lift Europe Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Notorious Lift Europe Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
K A Pearson-Jones
R C Kirkhy (resigned 19 September 2021)
REGISTERED OFFICE
Flat 14, Lyde Court, London Road
Old Basing
Basingstoke
Hampshire
RG24 7JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 13118352
ACCOUNTANTS
DBR Accounts Ltd
Association of Chartered Certified Accountants
1 Station Court
Station Approach
Wickford
Essex
SS11 7AT

Notorious Lift Europe Ltd

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Notorious Lift Europe Ltd

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets35,8742,526
CURRENT ASSETS
Stock12,00012,000
Debtors510,00030,000
Cash at bank and in hand3,065237
25,06542,237
CREDITORS: Amounts falling due within one year617,05136,485
NET CURRENT ASSETS8,0145,752
TOTAL ASSETS LESS CURRENT LIABILITIES13,8888,278
CAPITAL AND RESERVES
Profit and loss account13,8888,278
SHAREHOLDERS' FUNDS13,8888,278
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.
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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 21/10/2024 and signed on their behalf by
.............................
K A Pearson-Jones
Director

Notorious Lift Europe Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

Notorious Lift Europe Ltd

3. TANGIBLE FIXED ASSETS
Fixtures
and FittingsEquipmentTotal
£££
Cost
At 01/02/20235912,3992,990
Additions5594,6055,164
At 31/01/20241,1507,0048,154
Depreciation
At 01/02/202389375464
For the year1591,6571,816
At 31/01/20242482,0322,280
Net Book Amounts
At 31/01/20249024,9725,874
At 31/01/20235022,0242,526
4. STOCK 20242023
££
Stock comprises:
Stock12,00012,000
12,00012,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Accrued income10,00030,000
10,00030,000
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax4,93211,069
Directors current account- K Pearson-Jones9,60424,216
Bank loans and overdrafts1,075-
Accruals1,4401,200
17,05136,485