Silverfin false false 31/03/2024 01/04/2023 31/03/2024 C J Lambert 17/11/2006 P P Lambert 17/11/2006 S A O'Keeffe 17/11/2006 06 February 2025 The principal activity of the company in the year under review was that of supplying lift maintenance services. 06002205 2024-03-31 06002205 bus:Director1 2024-03-31 06002205 bus:Director2 2024-03-31 06002205 bus:Director3 2024-03-31 06002205 2023-03-31 06002205 core:CurrentFinancialInstruments 2024-03-31 06002205 core:CurrentFinancialInstruments 2023-03-31 06002205 core:Non-currentFinancialInstruments 2024-03-31 06002205 core:Non-currentFinancialInstruments 2023-03-31 06002205 core:ShareCapital 2024-03-31 06002205 core:ShareCapital 2023-03-31 06002205 core:RetainedEarningsAccumulatedLosses 2024-03-31 06002205 core:RetainedEarningsAccumulatedLosses 2023-03-31 06002205 core:Vehicles 2023-03-31 06002205 core:FurnitureFittings 2023-03-31 06002205 core:OfficeEquipment 2023-03-31 06002205 core:Vehicles 2024-03-31 06002205 core:FurnitureFittings 2024-03-31 06002205 core:OfficeEquipment 2024-03-31 06002205 core:CostValuation 2023-03-31 06002205 core:DisposalsRepaymentsInvestments 2024-03-31 06002205 core:CostValuation 2024-03-31 06002205 2023-04-01 2024-03-31 06002205 bus:FilletedAccounts 2023-04-01 2024-03-31 06002205 bus:SmallEntities 2023-04-01 2024-03-31 06002205 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06002205 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06002205 bus:Director1 2023-04-01 2024-03-31 06002205 bus:Director2 2023-04-01 2024-03-31 06002205 bus:Director3 2023-04-01 2024-03-31 06002205 core:Vehicles 2023-04-01 2024-03-31 06002205 core:FurnitureFittings 2023-04-01 2024-03-31 06002205 core:OfficeEquipment 2023-04-01 2024-03-31 06002205 2022-04-01 2023-03-31 06002205 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 06002205 (England and Wales)

COMPREHENSIVE ELEVATOR SERVICES LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

COMPREHENSIVE ELEVATOR SERVICES LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

COMPREHENSIVE ELEVATOR SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
COMPREHENSIVE ELEVATOR SERVICES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 86,646 17,948
Investments 4 0 235,859
86,646 253,807
Current assets
Debtors 5 282,740 303,615
Cash at bank and in hand 127,521 354,383
410,261 657,998
Creditors: amounts falling due within one year 6 ( 412,883) ( 727,696)
Net current liabilities (2,622) (69,698)
Total assets less current liabilities 84,024 184,109
Creditors: amounts falling due after more than one year 7 ( 83,314) ( 34,627)
Net assets 710 149,482
Capital and reserves
Called-up share capital 205 202
Profit and loss account 505 149,280
Total shareholders' funds 710 149,482

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Comprehensive Elevator Services Limited (registered number: 06002205) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S A O'Keeffe
Director

06 February 2025

COMPREHENSIVE ELEVATOR SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
COMPREHENSIVE ELEVATOR SERVICES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Comprehensive Elevator Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 35 Ballards Lane, London, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles 33 % reducing balance
Fixtures and fittings 33 % reducing balance
Office equipment 33 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 13 10

3. Tangible assets

Vehicles Fixtures and fittings Office equipment Total
£ £ £ £
Cost
At 01 April 2023 53,099 3,922 15,799 72,820
Additions 80,703 900 1,898 83,501
At 31 March 2024 133,802 4,822 17,697 156,321
Accumulated depreciation
At 01 April 2023 37,766 3,829 13,277 54,872
Charge for the financial year 13,239 366 1,198 14,803
At 31 March 2024 51,005 4,195 14,475 69,675
Net book value
At 31 March 2024 82,797 627 3,222 86,646
At 31 March 2023 15,333 93 2,522 17,948

4. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2023 235,859 235,859
Disposals ( 235,859) ( 235,859)
At 31 March 2024 0 0
Carrying value at 31 March 2024 0 0
Carrying value at 31 March 2023 235,859 235,859

5. Debtors

2024 2023
£ £
Trade debtors 131,454 231,992
Amounts owed by group undertakings 83,900 58,916
Amounts owed by directors 10,779 0
Prepayments 5,408 4,998
Other debtors 51,199 7,709
282,740 303,615

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 154,291 314,255
Amounts owed to directors 0 1,881
Accruals 15,365 15,509
Taxation and social security 232,177 116,793
Obligations under finance leases and hire purchase contracts 10,198 0
Other creditors 852 279,258
412,883 727,696

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 15,693 22,660
Obligations under finance leases and hire purchase contracts 67,621 11,967
83,314 34,627

There are no amounts included above in respect of which any security has been given by the small entity.

8. Related party transactions

Other related party transactions

2024 2023
£ £
Amount due from related party at Balance sheet date 65,900 58,196
During the year the company paid rent of £5,000 (2023: £28,500) to an LLP under common control. 5,000 0

Debtors includes the above amounts due from entities registered in England and Wales, where there are common members/directors.