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REGISTERED NUMBER: 12450129 (England and Wales)














LIFTD DESIGN LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025






LIFTD DESIGN LTD (REGISTERED NUMBER: 12450129)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


LIFTD DESIGN LTD

COMPANY INFORMATION
for the Year Ended 31 March 2025







DIRECTORS: Mrs N S J Potter
J W Potter





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 12450129 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

LIFTD DESIGN LTD (REGISTERED NUMBER: 12450129)

STATEMENT OF FINANCIAL POSITION
31 March 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,255 34,135
Investments 5 50 100
28,305 34,235

CURRENT ASSETS
Debtors 6 166,742 49,740
Cash at bank 134,048 85,691
300,790 135,431
CREDITORS
Amounts falling due within one year 7 235,567 23,751
NET CURRENT ASSETS 65,223 111,680
TOTAL ASSETS LESS CURRENT
LIABILITIES

93,528

145,915

CREDITORS
Amounts falling due after more than one
year

8

16,392

32,542
NET ASSETS 77,136 113,373

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,036 113,273
77,136 113,373

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.

LIFTD DESIGN LTD (REGISTERED NUMBER: 12450129)

STATEMENT OF FINANCIAL POSITION - 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 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 13 June 2025 and were signed on its behalf by:





J W Potter - Director


LIFTD DESIGN LTD (REGISTERED NUMBER: 12450129)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Liftd Design 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.

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
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

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 2 (2024 - 1 ) .

LIFTD DESIGN LTD (REGISTERED NUMBER: 12450129)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2024 - 45,593 974 46,567
Additions 749 - 583 1,332
At 31 March 2025 749 45,593 1,557 47,899
DEPRECIATION
At 1 April 2024 - 12,111 321 12,432
Charge for year 187 6,506 519 7,212
At 31 March 2025 187 18,617 840 19,644
NET BOOK VALUE
At 31 March 2025 562 26,976 717 28,255
At 31 March 2024 - 33,482 653 34,135

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2024 100
Disposals (50 )
At 31 March 2025 50
NET BOOK VALUE
At 31 March 2025 50
At 31 March 2024 100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 166,401 9,882
Other debtors 341 39,858
166,742 49,740

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,150 5,290
Trade creditors 17,068 5,465
Taxation and social security 50,244 2,996
Other creditors 152,105 -
235,567 23,751

LIFTD DESIGN LTD (REGISTERED NUMBER: 12450129)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 10,000 20,000
Hire purchase contracts 6,392 12,542
16,392 32,542

9. 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:

2025 2024
£    £   
J W Potter
Balance outstanding at start of year 29,753 -
Amounts advanced 98,623 29,753
Amounts repaid (128,443 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (67 ) 29,753

10. RELATED PARTY DISCLOSURES

The director operates a loan account with the company which is interest free and repayable on demand. The transactions of which can be seen above.