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REGISTERED NUMBER: 04204021 (England and Wales)














Lift and Shift Limited

Unaudited Financial Statements

for the Year Ended 31 May 2024






Lift and Shift Limited (Registered number: 04204021)

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










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Lift and Shift Limited

Company Information
for the Year Ended 31 May 2024







Directors: S Reed
D W Reed





Registered office: Monica House
St Augustines Road
Wisbech
Cambs
PE13 3AD





Business address: Broadgate
Sutton St. James
Spalding
Lincolnshire
PE12 0HD





Registered number: 04204021 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Lift and Shift Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of financial position. Readers are cautioned that the Income statement and certain other primary statements and the Directors' report are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Lift and Shift Limited for the year ended 31 May 2024 which comprise the Statement of income and retained earnings, Statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Lift and Shift Limited, as a body, in accordance with the terms of our engagement letter dated 30 March 2023. Our work has been undertaken solely to prepare for your approval the financial statements of Lift and Shift Limited and state those matters that we have agreed to state to the Board of Directors of Lift and Shift Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Lift and Shift Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Lift and Shift Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Lift and Shift Limited. You consider that Lift and Shift Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Lift and Shift Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


27 February 2025

Lift and Shift Limited (Registered number: 04204021)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 323,587 306,350

Current assets
Stocks 48,725 111,575
Debtors 6 18,063 16,139
Cash at bank 180,718 265,268
247,506 392,982
Creditors
Amounts falling due within one year 7 101,789 152,865
Net current assets 145,717 240,117
Total assets less current liabilities 469,304 546,467

Creditors
Amounts falling due after more than one
year

8

(48,864

)

-

Provisions for liabilities (43,569 ) (65,202 )
Net assets 376,871 481,265

Capital and reserves
Called up share capital 20 20
Retained earnings 376,851 481,245
376,871 481,265

Lift and Shift Limited (Registered number: 04204021)

Statement of Financial Position - continued
31 May 2024


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 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.

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 income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





S Reed - Director


Lift and Shift Limited (Registered number: 04204021)

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


1. Statutory information

Lift and Shift 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.
Improvements to property - 10% on a straight line basis
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Containers for hire - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Lift and Shift Limited (Registered number: 04204021)

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


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5. Tangible fixed assets
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
Cost
At 1 June 2023 3,096 148,350 10,333
Additions - 1,402 5,658
Disposals - - -
At 31 May 2024 3,096 149,752 15,991
Depreciation
At 1 June 2023 1,827 61,867 6,151
Charge for year 310 13,183 1,476
Eliminated on disposal - - -
At 31 May 2024 2,137 75,050 7,627
Net book value
At 31 May 2024 959 74,702 8,364
At 31 May 2023 1,269 86,483 4,182

Motor Containers
vehicles for hire Totals
£    £    £   
Cost
At 1 June 2023 270,600 329,999 762,378
Additions 75,034 - 82,094
Disposals (36,500 ) - (36,500 )
At 31 May 2024 309,134 329,999 807,972
Depreciation
At 1 June 2023 245,265 140,918 456,028
Charge for year 23,245 22,989 61,203
Eliminated on disposal (32,846 ) - (32,846 )
At 31 May 2024 235,664 163,907 484,385
Net book value
At 31 May 2024 73,470 166,092 323,587
At 31 May 2023 25,335 189,081 306,350

Lift and Shift Limited (Registered number: 04204021)

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


6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 15,304 14,009
Prepayments 2,759 2,130
18,063 16,139

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 3,348 -
Trade creditors 44,642 31,500
Corporation Tax 6,443 21,574
Social security and other taxes 2,354 1,191
VAT 30,042 18,622
Other creditors 3,394 1,649
Directors' loan accounts 667 66,730
Accrued expenses 10,899 11,599
101,789 152,865

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 48,864 -

9. Related party disclosures

During the year the directors made unsecured interest free loans to the company. The amount outstanding at the balance sheet date was £667 (2023: £66,730).