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Company Registration No. 10612544 (England and Wales)
D.K Lift Services Limited Unaudited accounts for the year ended 29 February 2024
D.K Lift Services Limited Unaudited accounts Contents
Page
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D.K Lift Services Limited Company Information for the year ended 29 February 2024
Director
Mr D Kennedy
Secretary
Mrs K Kennedy
Company Number
10612544 (England and Wales)
Registered Office
Unit 2 Victoria Industrial Park Victoria Road Dartford Kent DA1 5AJ
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D.K Lift Services Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
93,969 
70,312 
Current assets
Debtors
327,280 
120,357 
Cash at bank and in hand
59,071 
91,260 
386,351 
211,617 
Creditors: amounts falling due within one year
(272,873)
(57,053)
Net current assets
113,478 
154,564 
Total assets less current liabilities
207,447 
224,876 
Creditors: amounts falling due after more than one year
(189,654)
(138,571)
Provisions for liabilities
Deferred tax
(17,392)
(12,795)
Net assets
401 
73,510 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
391 
73,500 
Shareholders' funds
401 
73,510 
For the year ending 29 February 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 27 January 2025 and were signed on its behalf by
Mr D Kennedy Director Company Registration No. 10612544
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D.K Lift Services Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
D.K Lift Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10612544. The registered office is Unit 2 Victoria Industrial Park, Victoria Road, Dartford, Kent, DA1 5AJ.
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 £ sterling.
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 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:
Plant & machinery
15% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
The accounting basis for Government Grants is the Accruals Basis. Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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D.K Lift Services Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
87,473 
13,352 
7,426 
108,251 
Additions
30,846 
3,251 
6,139 
40,236 
At 29 February 2024
118,319 
16,603 
13,565 
148,487 
Depreciation
At 1 March 2023
31,429 
3,604 
2,906 
37,939 
Charge for the year
13,031 
1,949 
1,599 
16,579 
At 29 February 2024
44,460 
5,553 
4,505 
54,518 
Net book value
At 29 February 2024
73,859 
11,050 
9,060 
93,969 
At 28 February 2023
56,044 
9,748 
4,520 
70,312 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
316,000 
120,000 
Other debtors
11,280 
357 
327,280 
120,357 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
208,735 
4,435 
VAT
14,901 
4,588 
Obligations under finance leases and hire purchase contracts
11,567 
5,449 
Trade creditors
- 
5,979 
Taxes and social security
33,664 
34,707 
Other creditors
2,506 
1,895 
Accruals
1,500 
- 
272,873 
57,053 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
139,635 
105,025 
Obligations under finance leases and hire purchase contracts
50,019 
33,546 
189,654 
138,571 
8
Average number of employees
During the year the average number of employees was 9 (2023: 3).
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