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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
Page
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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
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Lifts Direct Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
10,245 
- 
Current assets
Debtors
122,219 
- 
Cash at bank and in hand
16,825 
3,896 
139,044 
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)
Capital and reserves
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
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Lifts Direct Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
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 as modified by the revaluation of certain fixed assets.
Presentation currency
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 
At 1 June 2023
- 
- 
- 
Additions
10,000 
367 
10,367 
At 31 May 2024
10,000 
367 
10,367 
Depreciation
Charge for the year
- 
122 
122 
At 31 May 2024
- 
122 
122 
Net book value
At 31 May 2024
10,000 
245 
10,245 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
122,219 
- 
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Lifts Direct Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
17,184 
188 
Trade creditors
144 
- 
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 
127,033 
77,468 
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).
7
Share capital
2024 
2023 
£ 
£ 
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).
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