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Company Registration No. SC336922 (Scotland)
Metro Lift Services Limited Unaudited accounts for the year ended 31 January 2024
Metro Lift Services Limited Unaudited accounts Contents
Page
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Metro Lift Services Limited Company Information for the year ended 31 January 2024
Director
Brian W Forde
Secretary
Colette Forde
Company Number
SC336922 (Scotland)
Registered Office
5 Colla Gardens Bishopbriggs Glasgow G64 1UY Scotland
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Metro Lift Services Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
19,170 
24,533 
Current assets
Inventories
1,000 
10,000 
Debtors
59,449 
58,250 
Cash at bank and in hand
16,961 
23,634 
77,410 
91,884 
Creditors: amounts falling due within one year
(32,334)
(49,873)
Net current assets
45,076 
42,011 
Total assets less current liabilities
64,246 
66,544 
Creditors: amounts falling due after more than one year
(10,570)
(18,298)
Provisions for liabilities
Deferred tax
(3,642)
(4,661)
Net assets
50,034 
43,585 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
50,033 
43,584 
Shareholders' funds
50,034 
43,585 
For the year ending 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 director acknowledges his 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 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.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Brian W Forde Director Company Registration No. SC336922
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Metro Lift Services Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
Metro Lift Services Limited is a private company, limited by shares, registered in Scotland, registration number SC336922. The registered office is 5 Colla Gardens, Bishopbriggs, Glasgow, G64 1UY , Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the provisions of FRS 102 Section 1A Small Entities. The director has considered the impact of Covid - 19 and concludred that the entity is a going concern and assets are carried at fair value.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks and Work in Progress
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
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Metro Lift Services Limited Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2023
29,003 
22,555 
51,558 
At 31 January 2024
29,003 
22,555 
51,558 
Depreciation
At 1 February 2023
13,589 
13,436 
27,025 
Charge for the year
3,083 
2,280 
5,363 
At 31 January 2024
16,672 
15,716 
32,388 
Net book value
At 31 January 2024
12,331 
6,839 
19,170 
At 31 January 2023
15,414 
9,119 
24,533 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
56,337 
58,250 
Other debtors
3,112 
- 
59,449 
58,250 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,434 
8,580 
Obligations under finance leases and hire purchase contracts
- 
3,208 
Trade creditors
10,787 
16,032 
Taxes and social security
30,727 
47,466 
Loans from directors
(17,614)
(25,413)
32,334 
49,873 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,570 
18,298 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
9
Loans to directors
During the year the Director overdrawn Loan Account decreased from £33,714 to £25,413
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Metro Lift Services Limited Notes to the Accounts for the year ended 31 January 2024
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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