1 June 2024 false No description of principal activity Taxfiler 2024.6 13371976business:PrivateLimitedCompanyLtd2024-06-012025-05-31 133719762024-05-31 133719762024-06-012025-05-31 13371976business:AuditExempt-NoAccountantsReport2024-06-012025-05-31 13371976business:FilletedAccounts2024-06-012025-05-31 133719762025-05-31 13371976business:Director12024-06-012025-05-31 13371976business:Director22024-06-012025-05-31 13371976business:Director32024-06-012025-05-31 13371976business:Director42024-06-012025-05-31 13371976business:RegisteredOffice2024-06-012025-05-31 133719762024-05-31 13371976core:WithinOneYear2025-05-31 13371976core:WithinOneYear2024-05-31 13371976core:ShareCapitalcore:PreviouslyStatedAmount2025-05-31 13371976core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 13371976core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-05-31 13371976core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 13371976core:PreviouslyStatedAmount2025-05-31 13371976core:PreviouslyStatedAmount2024-05-31 13371976business:SmallEntities2024-06-012025-05-31 13371976countries:EnglandWales2024-06-012025-05-31 13371976core:PlantMachinery2024-06-012025-05-31 13371976core:ComputerEquipment2024-06-012025-05-31 13371976core:PlantMachinery2024-05-31 13371976core:ComputerEquipment2024-05-31 13371976core:PlantMachinery2025-05-31 13371976core:ComputerEquipment2025-05-31 133719762023-06-012024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 13371976 (England and Wales)
Asset Lift Consulting Ltd Unaudited accounts for the year ended 31 May 2025
Asset Lift Consulting Ltd Unaudited accounts Contents
Page
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Asset Lift Consulting Ltd Company Information for the year ended 31 May 2025
Directors
Sean Strawson Lily Strawson Toby Strawson Shelly Strawson
Company Number
13371976 (England and Wales)
Registered Office
20-22 WENLOCK ROAD LONDON N1 7GU ENGLAND
Accountants
Taxez 5 South Charlotte Street Edinburgh EH2 4AN
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Asset Lift Consulting Ltd Statement of financial position as at 31 May 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,334 
1,293 
Current assets
Debtors
9,387 
7,067 
Cash at bank and in hand
5,603 
7,565 
14,990 
14,632 
Creditors: amounts falling due within one year
(14,047)
(15,062)
Net current assets/(liabilities)
943 
(430)
Net assets
2,277 
863 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
2,267 
853 
Shareholders' funds
2,277 
863 
For the year ending 31 May 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by
Sean Strawson Director Company Registration No. 13371976
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Asset Lift Consulting Ltd Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Asset Lift Consulting Ltd is a private company, limited by shares, registered in England and Wales, registration number 13371976. The registered office is 20-22 WENLOCK ROAD, LONDON, N1 7GU, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on cost
Computer equipment
25% and 50% on cost
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2024
299 
3,066 
3,365 
Additions
108 
750 
858 
At 31 May 2025
407 
3,816 
4,223 
Depreciation
At 1 June 2024
96 
1,976 
2,072 
Charge for the year
71 
746 
817 
At 31 May 2025
167 
2,722 
2,889 
Net book value
At 31 May 2025
240 
1,094 
1,334 
At 31 May 2024
203 
1,090 
1,293 
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Asset Lift Consulting Ltd Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,677 
5,961 
Accrued income and prepayments
710 
1,106 
9,387 
7,067 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Taxes and social security
5,583 
8,712 
Loans from directors
8,115 
5,972 
Accruals
349 
378 
14,047 
15,062 
7
Average number of employees
During the year the average number of employees was 4 (2024: 4).
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