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REGISTERED NUMBER: SC202262 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 December 2024

for

CALEDONIAN LIFT SERVICES LIMITED

CALEDONIAN LIFT SERVICES LIMITED (REGISTERED NUMBER: SC202262)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CALEDONIAN LIFT SERVICES LIMITED

Company Information
for the Year Ended 31 December 2024







DIRECTOR: G Stewart





REGISTERED OFFICE: 10 Candymill Lane
Hamilton
South Lanarkshire
ML3 0FD





REGISTERED NUMBER: SC202262 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

CALEDONIAN LIFT SERVICES LIMITED (REGISTERED NUMBER: SC202262)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 125 146
Tangible assets 5 634,263 185,436
634,388 185,582

CURRENT ASSETS
Stocks 32,400 24,635
Debtors 6 376,756 247,006
Cash at bank and in hand 530,782 949,494
939,938 1,221,135
CREDITORS
Amounts falling due within one year 7 (426,513 ) (405,761 )
NET CURRENT ASSETS 513,425 815,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,147,813

1,000,956

PROVISIONS FOR LIABILITIES (51,370 ) (35,702 )
NET ASSETS 1,096,443 965,254

CAPITAL AND RESERVES
Called up share capital 1,417 1,417
Other reserves 52 52
Retained earnings 1,094,974 963,785
SHAREHOLDERS' FUNDS 1,096,443 965,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CALEDONIAN LIFT SERVICES LIMITED (REGISTERED NUMBER: SC202262)

Balance Sheet - continued
31 December 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 director and authorised for issue on 16 July 2025 and were signed by:





G Stewart - Director


CALEDONIAN LIFT SERVICES LIMITED (REGISTERED NUMBER: SC202262)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Caledonian Lift Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the fair value of the consideration received or receivable for sale of goods or services in the ordinary nature of business. Revenue is recognised when the company fulfils its contractual obligations to customers by supplying goods and services and excludes value added tax.

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.

Registration plate are being amortised evenly over their estimated useful life of ten years.

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 etc - 25% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value. Cost of finished goods and work in progress includes overheads appropriate to stage of manufacture. Net realisable value is based upon estimated selling price less further costs expected to be incurred to completion and disposal. Provision is made for obsolete and slow moving items.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised 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 balance sheet date.


CALEDONIAN LIFT SERVICES LIMITED (REGISTERED NUMBER: SC202262)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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 14 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 208
AMORTISATION
At 1 January 2024 62
Charge for year 21
At 31 December 2024 83
NET BOOK VALUE
At 31 December 2024 125
At 31 December 2023 146

CALEDONIAN LIFT SERVICES LIMITED (REGISTERED NUMBER: SC202262)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 44,507 255,092 299,599
Additions 388,524 123,573 512,097
Disposals - (25,446 ) (25,446 )
At 31 December 2024 433,031 353,219 786,250
DEPRECIATION
At 1 January 2024 1,879 112,284 114,163
Charge for year 2,368 58,168 60,536
Eliminated on disposal - (22,712 ) (22,712 )
At 31 December 2024 4,247 147,740 151,987
NET BOOK VALUE
At 31 December 2024 428,784 205,479 634,263
At 31 December 2023 42,628 142,808 185,436

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 306,786 225,970
Other debtors 69,970 21,036
376,756 247,006

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 39,112 18,163
Taxation and social security 209,607 216,663
Other creditors 177,794 170,935
426,513 405,761

CALEDONIAN LIFT SERVICES LIMITED (REGISTERED NUMBER: SC202262)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
G Stewart
Balance outstanding at start of year - -
Amounts advanced 80,000 -
Amounts repaid (40,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 40,000 -