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REGISTERED NUMBER: 04111522 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

LIFT SAFE LTD.

LIFT SAFE LTD. (REGISTERED NUMBER: 04111522)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LIFT SAFE LTD.

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr B J Cullen
Mrs E Hanss
Mrs R A Parker
Mr J D Radcliffe
Mr G B Hanss





REGISTERED OFFICE: Unit 16 Hawksley Industrial Estate
Hawksley Street
Oldham
Lancashire
OL8 4PQ





REGISTERED NUMBER: 04111522 (England and Wales)





ACCOUNTANTS: Christian Douglass Accountants Limited
Chartered Accountants
2 Jordan Street
Knott Mill
Manchester
M15 4PY

LIFT SAFE LTD. (REGISTERED NUMBER: 04111522)

BALANCE SHEET
30 NOVEMBER 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 450 900
Tangible assets 5 327,747 355,154
328,197 356,054

CURRENT ASSETS
Stocks 1,448,700 1,546,668
Debtors 6 2,730,164 1,841,026
Cash at bank and in hand 247,127 331,470
4,425,991 3,719,164
CREDITORS
Amounts falling due within one year 7 1,862,742 1,706,086
NET CURRENT ASSETS 2,563,249 2,013,078
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,891,446

2,369,132

CREDITORS
Amounts falling due after more than one year 8 (3,833 ) (85,834 )

PROVISIONS FOR LIABILITIES (70,000 ) (74,300 )
NET ASSETS 2,817,613 2,208,998

CAPITAL AND RESERVES
Called up share capital 770 770
Share premium 120,812 120,812
Capital redemption reserve 330 330
Retained earnings 2,695,701 2,087,086
SHAREHOLDERS' FUNDS 2,817,613 2,208,998

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

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

LIFT SAFE LTD. (REGISTERED NUMBER: 04111522)

BALANCE SHEET - continued
30 NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 August 2025 and were signed on its behalf by:





Mr G B Hanss - Director


LIFT SAFE LTD. (REGISTERED NUMBER: 04111522)

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

1. STATUTORY INFORMATION

Lift Safe Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 04111522 and its registered office address is at Unit 16 Hawksley Industrial Estate, Hawksley Street, Oldham, OL8 4PQ.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

Patents and licences are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 10% on cost
Rental units - 25% on cost
Plant and machinery - 33% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 Income Statement, 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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

LIFT SAFE LTD. (REGISTERED NUMBER: 04111522)

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

2. ACCOUNTING POLICIES - continued

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 35 (2023 - 34 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2023
and 30 November 2024 2,250
AMORTISATION
At 1 December 2023 1,350
Charge for year 450
At 30 November 2024 1,800
NET BOOK VALUE
At 30 November 2024 450
At 30 November 2023 900

5. TANGIBLE FIXED ASSETS
Freehold Rental Plant and
property units machinery
£    £    £   
COST
At 1 December 2023 161,310 86,576 13,069
Additions - 8,832 3,460
Disposals - - -
At 30 November 2024 161,310 95,408 16,529
DEPRECIATION
At 1 December 2023 82,376 82,131 10,339
Charge for year 11,944 5,549 2,753
Eliminated on disposal - - -
At 30 November 2024 94,320 87,680 13,092
NET BOOK VALUE
At 30 November 2024 66,990 7,728 3,437
At 30 November 2023 78,934 4,445 2,730

LIFT SAFE LTD. (REGISTERED NUMBER: 04111522)

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

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 62,450 407,284 57,589 788,278
Additions 806 71,566 2,422 87,086
Disposals - (34,165 ) - (34,165 )
At 30 November 2024 63,256 444,685 60,011 841,199
DEPRECIATION
At 1 December 2023 48,122 159,748 50,408 433,124
Charge for year 3,577 78,784 3,310 105,917
Eliminated on disposal - (25,589 ) - (25,589 )
At 30 November 2024 51,699 212,943 53,718 513,452
NET BOOK VALUE
At 30 November 2024 11,557 231,742 6,293 327,747
At 30 November 2023 14,328 247,536 7,181 355,154

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023 65,317
Transfer to ownership (19,317 )
At 30 November 2024 46,000
DEPRECIATION
At 1 December 2023 10,440
Charge for year 13,719
Transfer to ownership (12,526 )
At 30 November 2024 11,633
NET BOOK VALUE
At 30 November 2024 34,367
At 30 November 2023 54,877

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 1,062,525 604,295
Amounts owed by group undertakings 1,592,000 1,112,000
Other debtors 75,639 124,731
2,730,164 1,841,026

LIFT SAFE LTD. (REGISTERED NUMBER: 04111522)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 67,155 88,889
Hire purchase contracts 15,333 17,275
Trade creditors 374,892 647,996
Taxation and social security 640,690 497,615
Other creditors 764,672 454,311
1,862,742 1,706,086

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans - 66,667
Hire purchase contracts 3,833 19,167
3,833 85,834

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 67,155 155,556
Hire purchase contracts 19,166 36,442
86,321 191,998

Reporting entity bank loans are secured by a fixed and floating charge dated 5 October 2015.

Reporting entity hire purchase liabilities are secured on the assets to which they relate.