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REGISTERED NUMBER: 04391901 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Academy Lifts Ltd

Academy Lifts Ltd (Registered number: 04391901)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Academy Lifts Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: P M Johnson
Ms C L Jenkins





SECRETARY: P M Johnson





REGISTERED OFFICE: Unit 4&6 Sankey Bridge Industrial Estate
Liverpool Road
Warington
Cheshire
WA5 1QQ





REGISTERED NUMBER: 04391901 (England and Wales)





ACCOUNTANTS: Anthony Gray & Co
Smithy Cottage
28 Church Lane
Culcheth
Warrington
Cheshire
WA3 5DJ

Academy Lifts Ltd (Registered number: 04391901)

Balance Sheet
31 March 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,794 13,712
9,794 13,712

CURRENT ASSETS
Stocks 8,265 8,103
Debtors 6 213,700 221,385
Cash at bank and in hand 118,111 192,160
340,076 421,648
CREDITORS
Amounts falling due within one year 7 183,942 247,799
NET CURRENT ASSETS 156,134 173,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,928

187,561

CREDITORS
Amounts falling due after more than one
year

8

2,500

12,500
NET ASSETS 163,428 175,061

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 163,328 174,961
SHAREHOLDERS' FUNDS 163,428 175,061

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

Academy Lifts Ltd (Registered number: 04391901)

Balance Sheet - continued
31 March 2025


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 25 April 2025 and were signed on its behalf by:





P M Johnson - Director


Academy Lifts Ltd (Registered number: 04391901)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Academy Lifts 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 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.

Academy Lifts Ltd (Registered number: 04391901)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

2. 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.

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 8 (2024 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 30,000
AMORTISATION
At 1 April 2024
and 31 March 2025 30,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 11,176 53,127 21,563 30,891 116,757
Additions 460 866 - - 1,326
At 31 March 2025 11,636 53,993 21,563 30,891 118,083
DEPRECIATION
At 1 April 2024 9,685 45,303 20,373 27,684 103,045
Charge for year 2,421 1,723 298 802 5,244
At 31 March 2025 12,106 47,026 20,671 28,486 108,289
NET BOOK VALUE
At 31 March 2025 (470 ) 6,967 892 2,405 9,794
At 31 March 2024 1,491 7,824 1,190 3,207 13,712

Academy Lifts Ltd (Registered number: 04391901)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 169,465 150,650
Other debtors 44,235 70,735
213,700 221,385

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 35,476 115,966
Trade creditors 60,268 51,551
Taxation and social security 67,563 65,201
Other creditors 20,635 15,081
183,942 247,799

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 2,500 12,500

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Debt factoring loan 25,476 105,966

The debt factoring loan is secured against the trade debts of the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25 31.3.24
£    £   
P M Johnson
Balance outstanding at start of year 53,000 71,000
Amounts repaid (22,000 ) (18,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,000 53,000

No interest is charged on the directors loan. However the amount of the beneficial interest not charged is treated as a benefit in kind in the directors personal tax affairs..

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P M Johnson.