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REGISTERED NUMBER: 06585325 (England and Wales)
















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

RELIABLE ELEVATOR SERVICES LIMITED

RELIABLE ELEVATOR SERVICES LIMITED (REGISTERED NUMBER: 06585325)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RELIABLE ELEVATOR SERVICES LIMITED

COMPANY INFORMATION
For The Year Ended 31 May 2024







DIRECTOR: D Martin





SECRETARY: M Martin





REGISTERED OFFICE: Unit 10
Bourne Industrial Park
Bourne Road
Crayford
Kent
DA1 4BZ





REGISTERED NUMBER: 06585325 (England and Wales)





ACCOUNTANTS: Crane & Partners
Chartered Accountants
Leonard House
5 - 7 Newman Road
Bromley
Kent
BR1 1RJ

RELIABLE ELEVATOR SERVICES LIMITED (REGISTERED NUMBER: 06585325)

BALANCE SHEET
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 129,095 123,625
Investments 5 1,440,000 1,140,000
1,569,095 1,263,625

CURRENT ASSETS
Debtors 6 264,484 344,197
Cash at bank 1,402,237 1,231,232
1,666,721 1,575,429
CREDITORS
Amounts falling due within one year 7 610,807 587,861
NET CURRENT ASSETS 1,055,914 987,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,625,009

2,251,193

PROVISIONS FOR LIABILITIES 32,274 23,489
NET ASSETS 2,592,735 2,227,704

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 2,592,605 2,227,574
SHAREHOLDERS' FUNDS 2,592,735 2,227,704

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 director acknowledges his 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.

RELIABLE ELEVATOR SERVICES LIMITED (REGISTERED NUMBER: 06585325)

BALANCE SHEET - continued
31 May 2024



The financial statements were approved by the director and authorised for issue on 21 January 2025 and were signed by:





D Martin - Director


RELIABLE ELEVATOR SERVICES LIMITED (REGISTERED NUMBER: 06585325)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 May 2024


1. STATUTORY INFORMATION

Reliable Elevator 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.
Plant and machinery etc - 20% on cost and 10% on cost

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 14 (2023 - 14 ) .

RELIABLE ELEVATOR SERVICES LIMITED (REGISTERED NUMBER: 06585325)

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 197,554
Additions 32,202
Disposals (9,990 )
At 31 May 2024 219,766
DEPRECIATION
At 1 June 2023 73,929
Charge for year 22,736
Eliminated on disposal (5,994 )
At 31 May 2024 90,671
NET BOOK VALUE
At 31 May 2024 129,095
At 31 May 2023 123,625

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023 1,140,000
Additions 300,000
At 31 May 2024 1,440,000
NET BOOK VALUE
At 31 May 2024 1,440,000
At 31 May 2023 1,140,000

The market value of listed investments at 31 May 2024 held by the company - £1,568,579 (2023 - £1,105,586).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 248,444 331,888
Other debtors 16,040 12,309
264,484 344,197

RELIABLE ELEVATOR SERVICES LIMITED (REGISTERED NUMBER: 06585325)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 May 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 175,735 187,852
Taxation and social security 317,114 300,395
Other creditors 117,958 99,614
610,807 587,861

8. RELATED PARTY DISCLOSURES

Included in other debtors are amounts due by the director totalling £4,953 (2023 : £2,805).

9. ULTIMATE CONTROLLING PARTY

The controlling party is D Martin.