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REGISTERED NUMBER: SC463630 (Scotland)









Financial Statements

For The Year Ended 30 November 2023

for

Saltire Lift Services Ltd

Saltire Lift Services Ltd (Registered number: SC463630)






Contents of the Financial Statements
For The Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Saltire Lift Services Ltd

Company Information
For The Year Ended 30 November 2023







DIRECTORS: Mr C Finnigan
Mrs C Finnigan





SECRETARY:





REGISTERED OFFICE: Atrium Business Centre
North Caldeen Road
Coatbridge
ML5 4EF





REGISTERED NUMBER: SC463630 (Scotland)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

Saltire Lift Services Ltd (Registered number: SC463630)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 58,026 38,623

CURRENT ASSETS
Debtors 5 505,059 370,162
Cash at bank 134,616 -
639,675 370,162
CREDITORS
Amounts falling due within one year 6 444,247 220,707
NET CURRENT ASSETS 195,428 149,455
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,454

188,078

CREDITORS
Amounts falling due after more than one
year

7

(29,598

)

(32,728

)

PROVISIONS FOR LIABILITIES (13,305 ) -
NET ASSETS 210,551 155,350

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 210,549 155,348
210,551 155,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Saltire Lift Services Ltd (Registered number: SC463630)

Balance Sheet - continued
30 November 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 January 2025 and were signed on its behalf by:





Mr C Finnigan - Director


Saltire Lift Services Ltd (Registered number: SC463630)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

Saltire Lift Services Ltd is a private company, limited by shares , registered in Scotland. 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.
Plant and machinery etc - 25% on reducing balance

Government grants
Grants considered to be revenue in nature are credited to the profit and loss account in the same period as the related expenditure.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2022 - 6 ) .

Saltire Lift Services Ltd (Registered number: SC463630)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 80,307
Additions 33,389
At 30 November 2023 113,696
DEPRECIATION
At 1 December 2022 41,684
Charge for year 13,986
At 30 November 2023 55,670
NET BOOK VALUE
At 30 November 2023 58,026
At 30 November 2022 38,623

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 505,059 367,304
Other debtors - 2,858
505,059 370,162

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 31,942 24,900
Hire purchase contracts 3,519 -
Trade creditors 139,864 43,769
Taxation and social security 224,497 66,506
Other creditors 44,425 85,532
444,247 220,707

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 15,523 32,728
Hire purchase contracts 14,075 -
29,598 32,728

Saltire Lift Services Ltd (Registered number: SC463630)

Notes to the Financial Statements - continued
For The Year Ended 30 November 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 47,465 50,862

Hire purchase creditors are secured on the assets concerned.

The bounce back loan is supported by a guarantee from the UK Government.