Acorah Software Products - Accounts Production 16.3.350 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 07566686 Miss L M Fleming Mr S J Honeywood Miss L M Fleming Yorkshire Peaks Investments Ltd 4 Carrwood Park, Selby Road, Leeds, West Yorkshire, LS15 4LG true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07566686 2023-12-31 07566686 2024-12-31 07566686 2024-01-01 2024-12-31 07566686 frs-core:CurrentFinancialInstruments 2024-12-31 07566686 frs-core:Non-currentFinancialInstruments 2024-12-31 07566686 frs-core:BetweenOneFiveYears 2024-12-31 07566686 frs-core:MotorVehicles 2024-12-31 07566686 frs-core:MotorVehicles 2024-01-01 2024-12-31 07566686 frs-core:MotorVehicles 2023-12-31 07566686 frs-core:PlantMachinery 2024-12-31 07566686 frs-core:PlantMachinery 2024-01-01 2024-12-31 07566686 frs-core:PlantMachinery 2023-12-31 07566686 frs-core:WithinOneYear 2024-12-31 07566686 frs-core:RevaluationReserve 2024-01-01 2024-12-31 07566686 frs-core:RevaluationReserve 2024-12-31 07566686 frs-core:ShareCapital 2024-12-31 07566686 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 07566686 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07566686 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 07566686 frs-bus:SmallEntities 2024-01-01 2024-12-31 07566686 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07566686 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07566686 1 2024-01-01 2024-12-31 07566686 frs-bus:Director1 2024-01-01 2024-12-31 07566686 frs-bus:Director2 2024-01-01 2024-12-31 07566686 frs-bus:CompanySecretary1 2024-01-01 2024-12-31 07566686 frs-core:CurrentFinancialInstruments 1 2024-12-31 07566686 frs-countries:EnglandWales 2024-01-01 2024-12-31 07566686 2022-12-31 07566686 2023-12-31 07566686 2023-01-01 2023-12-31 07566686 frs-core:CurrentFinancialInstruments 2023-12-31 07566686 frs-core:Non-currentFinancialInstruments 2023-12-31 07566686 frs-core:BetweenOneFiveYears 2023-12-31 07566686 frs-core:MotorVehicles 2023-01-01 2023-12-31 07566686 frs-core:WithinOneYear 2023-12-31 07566686 frs-core:RevaluationReserve 2023-12-31 07566686 frs-core:ShareCapital 2023-12-31 07566686 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 07566686 frs-core:CurrentFinancialInstruments 1 2023-12-31
Registered number: 07566686
Height Lift & Shift Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
WAC (Whale & Company) Limited
Chartered Accountants & Business Advisors
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—8
Page 1
Balance Sheet
Registered number: 07566686
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 203,275 164,989
203,275 164,989
CURRENT ASSETS
Stocks 5 343,997 247,427
Debtors 6 368,797 256,562
Cash at bank and in hand 173,315 192,948
886,109 696,937
Creditors: Amounts Falling Due Within One Year 7 (466,793 ) (403,174 )
NET CURRENT ASSETS (LIABILITIES) 419,316 293,763
TOTAL ASSETS LESS CURRENT LIABILITIES 622,591 458,752
Creditors: Amounts Falling Due After More Than One Year 8 (281,640 ) (199,398 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (40,945 ) (41,250 )
NET ASSETS 300,006 218,104
CAPITAL AND RESERVES
Called up share capital 12 10,000 10,000
Revaluation reserve 15 39,501 -
Profit and Loss Account 250,505 208,104
SHAREHOLDERS' FUNDS 300,006 218,104
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For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.
The financial statements were approved by the board of directors on 5 June 2025 and were signed on its behalf by:
Miss L M Fleming
Director
5th June 2025
The notes on pages 3 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Height Lift & Shift Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07566686 . The registered office is 4 Carrwood Park, Selby Road, Leeds, West Yorkshire, LS15 4LG.
These financial statements are prepared in sterling (GBP), which is the functional currency of the company.  Monetary amounts are rounded to the nearest pound.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention, except as disclosed in the accounting policies certain items are shown at fair value. They are also prepared 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. Significant judgements and estimations
The directors have re- assessed the value and the useful economic life of plant that is hired out to customers.  The resulting impairment loss of £1,239 and the revaluation gain of £39,501 have been arrived at on the assumption that the company is a going concern.
2.4. Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.
2.5. Tangible Fixed Assets and Depreciation
The directors re-assessed plant and machinery at 31 December 2024, revising the useful economic life and the net worth to the company. The revised accounting policy is that plant and machinery owned at that date will be stated in the financial statements at current value and will be written off over its remaining useful economic life starting from 01 January 2025.   Additions to plant and machinery from that date will be stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses
Other tangible fixed assets are stated in the financial statements at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of these tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. 
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 a straight line basis at varying rates, as follows:
Plant & Machinery 10% to 25%
Motor Vehicles 25%
Had there not been any change in the basis of reporting for plant and machinery at the end of the financial year the net book value would have been £39,501 lower. This value has been taken directly to revaluation reserves. The change had no impact on the depreciation charged in the year.
2.6. Leasing and Hire Purchase Contracts
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.
Assets obtained under finance leases and hire purchase contracts are capitalised as tangible fixed assets. Those acquired under finance leases are depreciated over the shorter of the lease term and their useful economic lives. Assets acquired under hire purchase contracts are depreciated over their useful economic lives.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account on a straight line basis over the period of the lease.
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2.7. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method. The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.8. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.9. Taxation
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
2.10. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as an employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.11. Government Grant
Grants received are deducted from the cost of expenditure where the expenditure relates to fixed assets or short life projects with the net cost written off over the useful economic life of the asset or the project. Other grants are included in the financial statements as Other Income.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.12. Dividends
Dividend distributions to the company's shareholder is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
2.13. Cash, Trade Debtors and Trade Creditors
Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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2.14. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.  Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between  the proceeds, net of transaction costs, and the amount due on redemption being recognised as a  charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in  interest payable and similar charges. Borrowings are classified as current liabilities unless the  company has an unconditional right to defer settlement of the liability for at least twelve months  after the reporting date.
2.15. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2023: 9)
10 9
4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost or Valuation
As at 1 January 2024 202,176 120,345 322,521
Additions 101,347 1,155 102,502
Disposals (115,662 ) (787 ) (116,449 )
Revaluation (25,265 ) - (25,265 )
As at 31 December 2024 162,596 120,713 283,309
Depreciation
As at 1 January 2024 107,309 50,223 157,532
Provided during the period 40,778 22,960 63,738
Disposals (76,920 ) (787 ) (77,707 )
On revaluations (63,529 ) - (63,529 )
As at 31 December 2024 7,638 72,396 80,034
Net Book Value
As at 31 December 2024 154,958 48,317 203,275
As at 1 January 2024 94,867 70,122 164,989
The revaluation of plant in terms of value and useful economic life was undertaken by the directors with effect from the close of business on 31 December 2024.
Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:
2024 2023
£ £
Motor Vehicles 28,579 36,950
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If the following tangible fixed assets had been accounted for under historical cost accounting rules, the amounts would be:
Plant & Machinery
£
Cost 187,861
Accumulated depreciation and impairment 72,404
Carrying amount 115,457
5. Stocks
2024 2023
£ £
Stock 316,139 228,902
Finished goods 24,657 18,060
Work in progress 3,201 465
343,997 247,427
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 277,796 213,054
Prepayments and accrued income 82,553 35,422
Other debtors 8,448 8,086
368,797 256,562
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 8,960 7,813
Trade creditors 259,555 234,865
Corporation tax 22,450 18,787
Other taxes and social security 8,970 7,219
VAT 39,977 34,518
Pension scheme creditor 578 -
Accruals and deferred income 120,263 83,932
Amounts owed to group undertakings 6,040 16,040
466,793 403,174
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 9,786 19,137
Trade creditors 271,854 180,261
281,640 199,398
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9. Secured Creditors
Of the creditors the following amounts are secured, on the assets concerned.
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 18,746 26,950
10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 8,960 7,813
Later than one year and not later than five years 9,786 19,137
18,746 26,950
18,746 26,950
11. Deferred Taxation
The provision for deferred tax arises from accelerated capital allowances:
2024 2023
£ £
Other timing differences 40,945 41,250
12. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10,000 10,000
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases and licences are as following:
2024 2023
£ £
Not later than one year 10,335 7,410
10,335 7,410
14. Dividends
2024 2023
£ £
On equity shares:
Interim dividend paid 10,000 40,000
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15. Reserves
Revaluation Reserve
£
Surplus on revaluation 39,501
As at 31 December 2024 39,501
16. Related Party Transactions
Summary of transactions with parent company
The trade carried on by the parent company has been transferred into the subsidiary company with effect from 01 January 2024. The trade between the two companies in 2023 was as follows: Insurance purchases in the sum of £21,309 and management charges incurred in the sum of £6,000.
Dividends payable by this company to the parent company are passed directly onto the shareholders of that company.  
At the end of the financial year the company owed the parent company the sum of £6,040 (2023 - £16,040).
17. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Yorkshire Peaks Investments Ltd . Yorkshire Peaks Investments Ltd was incorporated in England and Wales. Copies of their financial statements may be obtained from the secretary, 4 Carrwood Park, Selby Road, Leeds, West Yorkshire, LS15 4LG . The ultimate controlling party is Yorkshire Peaks Investments Ltd who controls 100% of the shares of Height Lift & Shift Limited .
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