INTELLIGENT LIFTS & ESCALATORS LIMITED

Company Registration Number:
07761983 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

INTELLIGENT LIFTS & ESCALATORS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

INTELLIGENT LIFTS & ESCALATORS LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 30,867 44,963
Total fixed assets: 30,867 44,963
Current assets
Debtors:   282,348 307,373
Cash at bank and in hand: 102,262 102,062
Total current assets: 384,610 409,435
Creditors: amounts falling due within one year:   (240,819) (247,462)
Net current assets (liabilities): 143,791 161,973
Total assets less current liabilities: 174,658 206,936
Creditors: amounts falling due after more than one year:   (26,569) (30,483)
Provision for liabilities: (876) (1,553)
Total net assets (liabilities): 147,213 174,900
Capital and reserves
Called up share capital: 140 140
Profit and loss account: 147,073 174,760
Shareholders funds: 147,213 174,900

The notes form part of these financial statements

INTELLIGENT LIFTS & ESCALATORS LIMITED

Balance sheet statements

For the year ending 28 February 2024 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 07 July 2024
and signed on behalf of the board by:

Name: J Elkins
Status: Director

The notes form part of these financial statements

INTELLIGENT LIFTS & ESCALATORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made in the year and derives from the provision of goods and services falling within the ordinary activities of the company.

Tangible fixed assets and depreciation policy

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:- Plant and machinery - 20% reducing balance method Fixtures & fittings - 20% reducing balance method Motor vehicles - 25% reducing balance method

INTELLIGENT LIFTS & ESCALATORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 15 13

INTELLIGENT LIFTS & ESCALATORS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 108,536
Additions 3,695
Disposals (55,937)
At 28 February 2024 56,294
Depreciation
At 01 March 2023 63,573
Charge for year 9,830
On disposals (47,976)
At 28 February 2024 25,427
Net book value
At 28 February 2024 30,867
At 28 February 2023 44,963