PTP Accounts Production v24.3.2.46 09980836 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh099808362023-07-31099808362024-07-31099808362023-08-012024-07-31099808362022-07-31099808362022-08-012023-07-31099808362023-07-3109980836ns15:EnglandWales2023-08-012024-07-3109980836ns14:PoundSterling2023-08-012024-07-3109980836ns10:Director12023-08-012024-07-3109980836ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3109980836ns10:SmallEntities2023-08-012024-07-3109980836ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3109980836ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3109980836ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3109980836ns10:FullAccounts2023-08-012024-07-3109980836ns10:Director22023-08-012024-07-3109980836ns10:RegisteredOffice2023-08-012024-07-3109980836ns5:CurrentFinancialInstruments2024-07-3109980836ns5:CurrentFinancialInstruments2023-07-3109980836ns5:Non-currentFinancialInstruments2024-07-3109980836ns5:Non-currentFinancialInstruments2023-07-3109980836ns5:ShareCapital2024-07-3109980836ns5:ShareCapital2023-07-3109980836ns5:RetainedEarningsAccumulatedLosses2024-07-3109980836ns5:RetainedEarningsAccumulatedLosses2023-07-3109980836ns5:FurnitureFittings2023-08-012024-07-3109980836ns5:MotorVehicles2023-08-012024-07-3109980836ns5:ComputerEquipment2023-08-012024-07-3109980836ns5:FurnitureFittings2023-07-3109980836ns5:MotorVehicles2023-07-3109980836ns5:ComputerEquipment2023-07-3109980836ns5:FurnitureFittings2024-07-3109980836ns5:MotorVehicles2024-07-3109980836ns5:ComputerEquipment2024-07-3109980836ns5:FurnitureFittings2023-07-3109980836ns5:MotorVehicles2023-07-3109980836ns5:ComputerEquipment2023-07-3109980836ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3109980836ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-07-3109980836ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3109980836ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-31
REGISTERED NUMBER: 09980836 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

LIFT PROFESSIONALS LTD

LIFT PROFESSIONALS LTD (Registered number: 09980836)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIFT PROFESSIONALS LTD

Company Information
for the Year Ended 31 July 2024







DIRECTORS: B H El Moussaoui
A El-Moussawi





REGISTERED OFFICE: 50 SALISBURY ROAD
HOUNSLOW
LONDON
TW4 6JQ





REGISTERED NUMBER: 09980836 (England and Wales)






LIFT PROFESSIONALS LTD (Registered number: 09980836)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,619 1,286

CURRENT ASSETS
Debtors 5 10,629 8,712
Cash at bank and in hand 67,379 38,347
78,008 47,059
CREDITORS
Amounts falling due within one year 6 110,280 41,115
NET CURRENT (LIABILITIES)/ASSETS (32,272 ) 5,944
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,653

)

7,230

CREDITORS
Amounts falling due after more than
one year

7

13,076

22,182
NET LIABILITIES (17,729 ) (14,952 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (17,829 ) (15,052 )
(17,729 ) (14,952 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

LIFT PROFESSIONALS LTD (Registered number: 09980836)

Balance Sheet - continued
31 July 2024


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 31 January 2025 and were signed on its behalf by:





A El-Moussawi - Director


LIFT PROFESSIONALS LTD (Registered number: 09980836)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

LIFT PROFESSIONALS LTD 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.

Going Concern
In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements.

For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements.

The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.


LIFT PROFESSIONALS LTD (Registered number: 09980836)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023 - - 2,808 2,808
Additions 3,227 32,142 - 35,369
At 31 July 2024 3,227 32,142 2,808 38,177
DEPRECIATION
At 1 August 2023 - - 1,522 1,522
Charge for year 807 8,036 193 9,036
At 31 July 2024 807 8,036 1,715 10,558
NET BOOK VALUE
At 31 July 2024 2,420 24,106 1,093 27,619
At 31 July 2023 - - 1,286 1,286

LIFT PROFESSIONALS LTD (Registered number: 09980836)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
Additions 32,142
At 31 July 2024 32,142
DEPRECIATION
Charge for year 8,036
At 31 July 2024 8,036
NET BOOK VALUE
At 31 July 2024 24,106

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 10,629 8,712

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 9,730 10,354
Hire purchase contracts 21,911 -
Trade creditors 44,945 -
Taxation and social security 26,095 24,213
Other creditors 7,599 6,548
110,280 41,115

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans 13,076 22,182

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 July 2024, a balance of £3,979 (2023: £1,962 ) was owed by, the director.