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REGISTERED NUMBER: 07868204 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

HEAVY LIFTING SERVICES LIMITED

HEAVY LIFTING SERVICES LIMITED (REGISTERED NUMBER: 07868204)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEAVY LIFTING SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: J Curtis
Mrs L A Curtis
J L Smith
Miss M J Roper





REGISTERED OFFICE: Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD





REGISTERED NUMBER: 07868204 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

HEAVY LIFTING SERVICES LIMITED (REGISTERED NUMBER: 07868204)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,083 3,938

CURRENT ASSETS
Debtors 5 15,866 21,622
Cash at bank 46,193 25,100
62,059 46,722
CREDITORS
Amounts falling due within one year 6 (35,250 ) (34,045 )
NET CURRENT ASSETS 26,809 12,677
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,892

16,615

PROVISIONS FOR LIABILITIES 7 (572 ) (421 )
NET ASSETS 30,320 16,194

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 8 30,218 16,092
SHAREHOLDERS' FUNDS 30,320 16,194

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:



J Curtis - Director


HEAVY LIFTING SERVICES LIMITED (REGISTERED NUMBER: 07868204)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Heavy 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

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 2 (2023 - 2 ) .

HEAVY LIFTING SERVICES LIMITED (REGISTERED NUMBER: 07868204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 12,339
Additions 1,166
At 31 May 2024 13,505
DEPRECIATION
At 1 June 2023 8,401
Charge for year 1,021
At 31 May 2024 9,422
NET BOOK VALUE
At 31 May 2024 4,083
At 31 May 2023 3,938

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 15,571 21,264
Other debtors 295 358
15,866 21,622

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 1,411 1,340
Taxation and social security 31,566 29,750
Other creditors 2,273 2,955
35,250 34,045

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 572 421

Deferred
tax
£   
Balance at 1 June 2023 421
Provided during year 151
Accelerated capital allowances
Balance at 31 May 2024 572

HEAVY LIFTING SERVICES LIMITED (REGISTERED NUMBER: 07868204)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. RESERVES
Retained
earnings
£   

At 1 June 2023 16,092
Profit for the year 64,751
Dividends (50,625 )
At 31 May 2024 30,218

9. ULTIMATE CONTROLLING PARTY

The company operates a Loan account with the directors Mr and Mrs J Curtis and the balance as at 31 May 2024
was £16,102.