Company Registration No. 10612544 (England and Wales)
D.K Lift Services Limited
Unaudited accounts
for the year ended 28 February 2025
D.K Lift Services Limited
Unaudited accounts
Contents
D.K Lift Services Limited
Company Information
for the year ended 28 February 2025
Company Number
10612544 (England and Wales)
Registered Office
Unit 2 Victoria Industrial Park
Victoria Road
Dartford
Kent
DA1 5AJ
D.K Lift Services Limited
Statement of financial position
as at 28 February 2025
Tangible assets
147,889
93,969
Cash at bank and in hand
122,772
59,071
Creditors: amounts falling due within one year
(246,201)
(272,873)
Net current assets
202,876
113,478
Total assets less current liabilities
350,765
207,447
Creditors: amounts falling due after more than one year
(176,240)
(189,654)
Provisions for liabilities
Deferred tax
(36,972)
(17,392)
Called up share capital
10
10
Profit and loss account
137,543
391
Shareholders' funds
137,553
401
For the year ending 28 February 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 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 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 and authorised for issue on 1 July 2025 and were signed on its behalf by
Daniel Kennedy
Director
Company Registration No. 10612544
D.K Lift Services Limited
Notes to the Accounts
for the year ended 28 February 2025
D.K Lift Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10612544. The registered office is Unit 2 Victoria Industrial Park, Victoria Road, Dartford, Kent, DA1 5AJ.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
15% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
15% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The accounting basis for Government Grants is the Accruals Basis. Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
D.K Lift Services Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
118,319
16,603
13,565
148,487
Additions
77,502
174
3,388
81,064
Disposals
(1,042)
-
-
(1,042)
At 28 February 2025
194,779
16,777
16,953
228,509
At 1 March 2024
44,460
5,553
4,505
54,518
Charge for the year
22,549
1,685
1,868
26,102
At 28 February 2025
67,009
7,238
6,373
80,620
At 28 February 2025
127,770
9,539
10,580
147,889
At 29 February 2024
73,859
11,050
9,060
93,969
Amounts falling due within one year
Trade debtors
326,295
316,000
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
63,858
208,735
Obligations under finance leases and hire purchase contracts
23,036
11,567
Taxes and social security
87,107
33,664
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
96,229
50,019
8
Average number of employees
During the year the average number of employees was 9 (2024: 9).