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REGISTERED NUMBER: 02858850 (England and Wales)


























Unaudited Financial Statements

for the Year Ended 29 February 2024

for

APP Lifting Services Limited

APP Lifting Services Limited (Registered number: 02858850)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


APP Lifting Services Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: P D Wright





SECRETARY: Ms N A Saltmarsh





REGISTERED OFFICE: LKH Estate
Tickhill Road
Balby
Doncaster
South Yorkshire
DN4 8QG





REGISTERED NUMBER: 02858850 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
APP Lifting Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of APP Lifting Services Limited for the year ended 29 February 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of APP Lifting Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of APP Lifting Services Limited and state those matters that we have agreed to state to the director of APP Lifting Services Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than APP Lifting Services Limited and its director for our work or for this report.

It is your duty to ensure that APP Lifting Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of APP Lifting Services Limited. You consider that APP Lifting Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of APP Lifting Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


15 November 2024

APP Lifting Services Limited (Registered number: 02858850)

Balance Sheet
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 289,853 325,109
289,853 325,109

CURRENT ASSETS
Stocks 732,288 523,168
Debtors 6 1,518,270 1,180,071
Cash at bank and in hand 697,551 474,999
2,948,109 2,178,238
CREDITORS
Amounts falling due within one year 7 615,429 565,693
NET CURRENT ASSETS 2,332,680 1,612,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,622,533

1,937,654

CREDITORS
Amounts falling due after more than one
year

8

-

(35,208

)

PROVISIONS FOR LIABILITIES (60,993 ) -
NET ASSETS 2,561,540 1,902,446

CAPITAL AND RESERVES
Called up share capital 11 30 30
Capital redemption reserve 102 102
Retained earnings 2,561,408 1,902,314
SHAREHOLDERS' FUNDS 2,561,540 1,902,446

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

APP Lifting Services Limited (Registered number: 02858850)

Balance Sheet - continued
29 February 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 director and authorised for issue on 15 November 2024 and were signed by:





P D Wright - Director


APP Lifting Services Limited (Registered number: 02858850)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

APP Lifting 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.

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


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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill previously purchased by the company has been fully amortised within the accounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.


APP Lifting Services Limited (Registered number: 02858850)

Notes to the Financial Statements - continued
for the Year Ended 29 February 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 21 (2023 - 22 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 152,000
AMORTISATION
At 1 March 2023
and 29 February 2024 152,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

APP Lifting Services Limited (Registered number: 02858850)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1 March 2023 103,865 485,801 238,469 828,135
Additions - 14,653 97,489 112,142
Disposals - - (102,851 ) (102,851 )
At 29 February 2024 103,865 500,454 233,107 837,426
DEPRECIATION
At 1 March 2023 84,419 329,907 88,700 503,026
Charge for year 8,912 24,436 38,986 72,334
Eliminated on disposal - - (27,787 ) (27,787 )
At 29 February 2024 93,331 354,343 99,899 547,573
NET BOOK VALUE
At 29 February 2024 10,534 146,111 133,208 289,853
At 28 February 2023 19,446 155,894 149,769 325,109

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 March 2023 93,790
Transfer to ownership (93,790 )
At 29 February 2024 -
DEPRECIATION
At 1 March 2023 19,539
Transfer to ownership (19,539 )
At 29 February 2024 -
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 74,251

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 725,577 628,004
Other debtors 792,693 552,067
1,518,270 1,180,071

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 16,250
Trade creditors 472,936 414,260
Taxation and social security 114,105 109,285
Other creditors 28,388 25,898
615,429 565,693

APP Lifting Services Limited (Registered number: 02858850)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) - 35,208

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year - 16,250
Between one and five years - 35,208
- 51,458

Non-cancellable operating leases
2024 2023
£    £   
Within one year 159,028 117,912
Between one and five years 613,210 282,029
In more than five years 64,166 134,167
836,404 534,108

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 51,458

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30 Ordinary £1 30 30

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

2024 2023
£    £   
P D Wright
Balance outstanding at start of year 48,421 -
Amounts advanced 344,067 103,921
Amounts repaid (88,384 ) (55,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 304,104 48,421

A directors loan subsisted throughout the year. The Loan was unsecured and was repayable on demand. Interest was charged at 2.25% and the total interest charged in the year amounted to £2,523 (2023: £379).The loan was repaid in full on 12 November 2024.

APP Lifting Services Limited (Registered number: 02858850)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

13. RELATED PARTY DISCLOSURES

P & D Investments UK Limited

A company registered in England & Wales where P D Wright is the sole director and beneficial owner.

During the year a loan subsisted between the companies. As at the 29 February 2024 P & D Investments UK Limited owed the company £442,015 (2023: £442,015) this amount is included in other debtors at note 8. Interest was charged in the year and this amounted to £18,214 (2023: £18,214).