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
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
Asset Lift Consulting Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
1,334
1,293
Cash at bank and in hand
5,603
7,565
Creditors: amounts falling due within one year
(14,047)
(15,062)
Net current assets/(liabilities)
943
(430)
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
Asset Lift Consulting Ltd
Notes to the Accounts
for the year ended 31 May 2025
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.
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. 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
At 31 May 2025
407
3,816
4,223
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
At 31 May 2025
240
1,094
1,334
At 31 May 2024
203
1,090
1,293
Asset Lift Consulting Ltd
Notes to the Accounts
for the year ended 31 May 2025
Amounts falling due within one year
Accrued income and prepayments
710
1,106
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
7
Average number of employees
During the year the average number of employees was 4 (2024: 4).