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REGISTERED NUMBER: 05572304 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

ELMBANK LIFTS LIMITED

ELMBANK LIFTS LIMITED (REGISTERED NUMBER: 05572304)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELMBANK LIFTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr D Pitsillides
Mr L R Gray
Mrs T J Gray





SECRETARY: Mrs N Pitsillides





REGISTERED OFFICE: Solar House
282 Chase Road
London
N14 6NZ





REGISTERED NUMBER: 05572304 (England and Wales)





ACCOUNTANTS: Freemans Partnership LLP
Chartered Certified Accountants
Solar House
282 Chase Road
London
N14 6NZ

ELMBANK LIFTS LIMITED (REGISTERED NUMBER: 05572304)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,000 1,500
Tangible assets 5 3,706 4,291
4,706 5,791

CURRENT ASSETS
Stocks 6 11,500 10,700
Debtors 7 581,692 596,558
Cash at bank 120,478 105,979
713,670 713,237
CREDITORS
Amounts falling due within one year 8 235,351 258,194
NET CURRENT ASSETS 478,319 455,043
TOTAL ASSETS LESS CURRENT
LIABILITIES

483,025

460,834

PROVISIONS FOR LIABILITIES 9 1,073 943
NET ASSETS 481,952 459,891

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 481,852 459,791
SHAREHOLDERS' FUNDS 481,952 459,891

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 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.

ELMBANK LIFTS LIMITED (REGISTERED NUMBER: 05572304)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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 30 June 2025 and were signed on its behalf by:





Mr L R Gray - Director


ELMBANK LIFTS LIMITED (REGISTERED NUMBER: 05572304)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Elmbank Lifts Limited 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 represents amounts derived from the provision of services to customers during the year, and is recognised at the date the service was provided. This is stated after trade discounts, other sales taxes and net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Storage shed - 10% on reducing balance
Fixtures and equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.


ELMBANK LIFTS LIMITED (REGISTERED NUMBER: 05572304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 10,000
AMORTISATION
At 1 October 2023 8,500
Amortisation for year 500
At 30 September 2024 9,000
NET BOOK VALUE
At 30 September 2024 1,000
At 30 September 2023 1,500

ELMBANK LIFTS LIMITED (REGISTERED NUMBER: 05572304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Storage and
shed equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 2,697 10,441 13,138
DEPRECIATION
At 1 October 2023 1,533 7,314 8,847
Charge for year 116 469 585
At 30 September 2024 1,649 7,783 9,432
NET BOOK VALUE
At 30 September 2024 1,048 2,658 3,706
At 30 September 2023 1,164 3,127 4,291

6. STOCKS
30.9.24 30.9.23
£    £   
Stocks 11,500 10,700

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 202,640 169,380
Other debtors 8,300 8,300
Amounts owed by related co' 2,715 2,715
VAT 6,162 3,639
Social security & tax 361,875 412,524
581,692 596,558

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade creditors 56,227 11,891
Corporation tax payable 161,638 223,874
Net Wages 6,117 7,376
Pension Payable 115 510
Directors' current accounts 4,754 8,043
Accrued expenses 6,500 6,500
235,351 258,194

ELMBANK LIFTS LIMITED (REGISTERED NUMBER: 05572304)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


9. PROVISIONS FOR LIABILITIES
30.9.24 30.9.23
£    £   
Deferred tax 1,073 943

Deferred
tax
£   
Balance at 1 October 2023 943
Provided during year 130
Balance at 30 September 2024 1,073

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
100 Ordinary £1 100 100