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REGISTERED NUMBER: 14306737 (England and Wales)















Ascension Lift Solutions Limited

Unaudited Financial Statements

For The Year Ended 31st August 2024






Ascension Lift Solutions Limited (Registered number: 14306737)






Contents of the Financial Statements
For The Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Ascension Lift Solutions Limited

Company Information
For The Year Ended 31st August 2024







DIRECTOR: M R Harding





REGISTERED OFFICE: 310 Wellingborough Road
Northampton
Northamptonshire
NN1 4EP





BUSINESS ADDRESS: 23 Meadow Way
Upminister
Havering
RM14 3AB





REGISTERED NUMBER: 14306737 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Ascension Lift Solutions Limited (Registered number: 14306737)

Balance Sheet
31st August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,238 3,405

CURRENT ASSETS
Debtors 6 10,947 19,189
Cash at bank 58,240 23,392
69,187 42,581
CREDITORS
Amounts falling due within one year 7 21,598 15,377
NET CURRENT ASSETS 47,589 27,204
TOTAL ASSETS LESS CURRENT
LIABILITIES

49,827

30,609

PROVISIONS FOR LIABILITIES 8 400 600
NET ASSETS 49,427 30,009

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 49,227 29,809
SHAREHOLDERS' FUNDS 49,427 30,009

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 16th October 2024 and were signed by:





M R Harding - Director


Ascension Lift Solutions Limited (Registered number: 14306737)

Notes to the Financial Statements
For The Year Ended 31st August 2024

1. STATUTORY INFORMATION

Ascension Lift Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents the gross invoiced sales of services, including value added tax as the company operates a flat rate scheme. Accordingly, expenditure includes non-recoverable value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Computer equipment - 33% on 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.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

Ascension Lift Solutions Limited (Registered number: 14306737)

Notes to the Financial Statements - continued
For The Year Ended 31st August 2024

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st September 2023 743 4,253 4,996
Additions - 579 579
At 31st August 2024 743 4,832 5,575
DEPRECIATION
At 1st September 2023 186 1,405 1,591
Charge for year 139 1,607 1,746
At 31st August 2024 325 3,012 3,337
NET BOOK VALUE
At 31st August 2024 418 1,820 2,238
At 31st August 2023 557 2,848 3,405

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 7,350 17,892
Other debtors 3,597 1,297
10,947 19,189

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 17,589 12,477
Other creditors 4,009 2,900
21,598 15,377

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 400 600

Deferred
tax
£   
Balance at 1st September 2023 600
Credit to Income Statement during year (200 )
Balance at 31st August 2024 400

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
100 Ordinary B £1 100 100
200 200

Ascension Lift Solutions Limited (Registered number: 14306737)

Notes to the Financial Statements - continued
For The Year Ended 31st August 2024

10. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st August 2024 or 31st August 2023.

11. CAPITAL COMMITMENTS

There were no capital commitments as at 31st August 2024 or 31st August 2023.