Acorah Software Products - Accounts Production 16.1.300 false true true 31 January 2024 1 February 2023 false 1 February 2024 31 January 2025 31 January 2025 11759106 Mr William Phillips-Reid Mr W Phillips-Reid true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11759106 2024-01-31 11759106 2025-01-31 11759106 2024-02-01 2025-01-31 11759106 frs-core:CurrentFinancialInstruments 2025-01-31 11759106 frs-core:Non-currentFinancialInstruments 2025-01-31 11759106 frs-core:BetweenOneFiveYears 2025-01-31 11759106 frs-core:ComputerEquipment 2025-01-31 11759106 frs-core:ComputerEquipment 2024-02-01 2025-01-31 11759106 frs-core:ComputerEquipment 2024-01-31 11759106 frs-core:MotorVehicles 2025-01-31 11759106 frs-core:MotorVehicles 2024-02-01 2025-01-31 11759106 frs-core:MotorVehicles 2024-01-31 11759106 frs-core:PlantMachinery 2025-01-31 11759106 frs-core:PlantMachinery 2024-02-01 2025-01-31 11759106 frs-core:PlantMachinery 2024-01-31 11759106 frs-core:WithinOneYear 2025-01-31 11759106 frs-core:ShareCapital 2025-01-31 11759106 frs-core:RetainedEarningsAccumulatedLosses 2025-01-31 11759106 frs-bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 11759106 frs-bus:FilletedAccounts 2024-02-01 2025-01-31 11759106 frs-bus:SmallEntities 2024-02-01 2025-01-31 11759106 frs-bus:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 11759106 frs-bus:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 11759106 1 2024-02-01 2025-01-31 11759106 frs-bus:Director1 2024-02-01 2025-01-31 11759106 frs-bus:Director1 2024-01-31 11759106 frs-bus:Director1 2025-01-31 11759106 frs-countries:EnglandWales 2024-02-01 2025-01-31 11759106 2023-01-31 11759106 2024-01-31 11759106 2023-02-01 2024-01-31 11759106 frs-core:CurrentFinancialInstruments 2024-01-31 11759106 frs-core:Non-currentFinancialInstruments 2024-01-31 11759106 frs-core:BetweenOneFiveYears 2024-01-31 11759106 frs-core:MotorVehicles 2023-02-01 2024-01-31 11759106 frs-core:WithinOneYear 2024-01-31 11759106 frs-core:ShareCapital 2024-01-31 11759106 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31
Registered number: 11759106
Team Lifting Solutions Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2025
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 11759106
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,919 28,916
50,919 28,916
CURRENT ASSETS
Debtors 5 20,986 33,541
Cash at bank and in hand 19,930 26,020
40,916 59,561
Creditors: Amounts Falling Due Within One Year 6 (16,865 ) (23,041 )
NET CURRENT ASSETS (LIABILITIES) 24,051 36,520
TOTAL ASSETS LESS CURRENT LIABILITIES 74,970 65,436
Creditors: Amounts Falling Due After More Than One Year 7 (38,974 ) (18,396 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 9 (3,960 ) (6,238 )
NET ASSETS 32,036 40,802
CAPITAL AND RESERVES
Called up share capital 10 200 200
Profit and Loss Account 31,836 40,602
SHAREHOLDERS' FUNDS 32,036 40,802
Page 1
Page 2
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr William Phillips-Reid
Director
13 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Team Lifting Solutions Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11759106 . The registered office is Canada House, First Floor, 20/20 Business Park, Maidstone, Kent, ME16 0LS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% on reducing balance
Motor Vehicles 33% on cost and 25% on cost
Computer Equipment 33% on cost
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives.

Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 February 2024 3,657 40,000 7,562 51,219
Additions - 40,000 266 40,266
Disposals - (12,000 ) - (12,000 )
As at 31 January 2025 3,657 68,000 7,828 79,485
Depreciation
As at 1 February 2024 2,163 16,667 3,473 22,303
Provided during the period 373 16,166 1,724 18,263
Disposals - (12,000 ) - (12,000 )
As at 31 January 2025 2,536 20,833 5,197 28,566
Net Book Value
As at 31 January 2025 1,121 47,167 2,631 50,919
As at 1 February 2024 1,494 23,333 4,089 28,916
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2025 2024
£ £
Motor Vehicles 47,166 23,333
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 15,710 20,808
Prepayments and accrued income 4,316 10,358
Other debtors 960 615
Other taxes and social security - 1,760
20,986 33,541
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Page 5
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 6,753 2,967
Trade creditors 3,536 10,704
Corporation tax - 4,249
Other taxes and social security 32 -
VAT 6,221 4,938
Other creditors 3 122
Director's loan account 320 61
16,865 23,041
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 38,974 18,396
8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,770 4,068
Later than one year and not later than five years 43,010 20,907
51,780 24,975
Less: Finance charges allocated to future periods 6,053 3,612
45,727 21,363
9. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 3,960 6,238
11. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 February 2024 Amounts advanced Amounts repaid Amounts written off As at 31 January 2025
£ £ £ £ £
Mr William Phillips-Reid 61 12,826 13,085 - 320
The above loans are unsecured, interest free and repayable on demand and ranks equally with other unsecured creditors of the company.
12. Ultimate Controlling Party
The company's ultimate controlling parties are Mr W Phillips-Reid by virtue of his ownership of 100% of the issued share capital in the company.
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