Company Registration No. 12596903 (England and Wales)
Lifts Direct Limited
Unaudited accounts
for the year ended 31 May 2024
Lifts Direct Limited
Unaudited accounts
Contents
Lifts Direct Limited
Company Information
for the year ended 31 May 2024
Director
Mr David Kenyon Mann
Company Number
12596903 (England and Wales)
Registered Office
WYCHWOOD HOUSE 14 HANBOROUGH BUSINESS PA
LONG HANBOROUGH
WITNEY
OX29 8LH
ENGLAND
Accountants
Edmil Accountants UK Ltd
146 Broadway
Didcot
Oxfordshire
OX11 8SH
Lifts Direct Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
16,825
3,896
Creditors: amounts falling due within one year
(127,033)
(77,468)
Net current assets/(liabilities)
12,011
(73,572)
Net assets/(liabilities)
22,256
(73,572)
Called up share capital
100
100
Profit and loss account
22,156
(73,672)
Shareholders' funds
22,256
(73,572)
For the year ending 31 May 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 30 August 2024 and were signed on its behalf by
Mr David Kenyon Mann
Director
Company Registration No. 12596903
Lifts Direct Limited
Notes to the Accounts
for the year ended 31 May 2024
Lifts Direct Limited is a private company, limited by shares, registered in England and Wales, registration number 12596903. The registered office is WYCHWOOD HOUSE 14 HANBOROUGH BUSINESS PA, LONG HANBOROUGH, WITNEY, OX29 8LH, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in pound sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33.33% SLM
4
Tangible fixed assets
Land & buildings
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
10,000
367
10,367
At 31 May 2024
10,000
367
10,367
Charge for the year
-
122
122
At 31 May 2024
10,000
245
10,245
Amounts falling due within one year
Lifts Direct Limited
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
17,211
8,411
Taxes and social security
8,826
4,008
Loans from directors
83,668
64,861
At year end May 2024, Included in creditors is the sum of 83,668 owed to the Director Mr David Mann. (YE :31 May 2023: 64,861).
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
Included in creditors is an amount of 83,668 owed to the Director Mr David Mann. (FY:2023- 64,861)
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).