| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 AUGUST 2024 |
| FOR |
| LIFTS UK LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 AUGUST 2024 |
| FOR |
| LIFTS UK LIMITED |
| LIFTS UK LIMITED (REGISTERED NUMBER: 04881145) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Year Ended 30 August 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LIFTS UK LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 30 August 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 50-52 Aire Street |
| Goole |
| DN14 5QE |
| LIFTS UK LIMITED (REGISTERED NUMBER: 04881145) |
| BALANCE SHEET |
| 30 August 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| LIFTS UK LIMITED (REGISTERED NUMBER: 04881145) |
| BALANCE SHEET - continued |
| 30 August 2024 |
| The financial statements were approved by the director and authorised for issue on |
| LIFTS UK LIMITED (REGISTERED NUMBER: 04881145) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Year Ended 30 August 2024 |
| 1. | STATUTORY INFORMATION |
| Lifts UK Limited is a private company limited by shares, incorporated and domiciled in England. It has its registered office and principal place of business at West View, Treswell Road, South Leverton, Retford, DN22 0BP. |
| The principal activity of the company is lift engineers. |
| The presentational currency of the financial statements is Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. |
| Turnover |
| Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts. |
| Turnover from the sale of goods is recognised at the point of sale. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. |
| Stocks |
| Stocks are stated at the lower of cost, using the first in first out method, and selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture or completion. |
| 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. |
| LIFTS UK LIMITED (REGISTERED NUMBER: 04881145) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 August 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 |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 31 August 2023 |
| Additions |
| Disposals | ( |
) |
| At 30 August 2024 |
| DEPRECIATION |
| At 31 August 2023 |
| Charge for year |
| At 30 August 2024 |
| NET BOOK VALUE |
| At 30 August 2024 |
| At 30 August 2023 |
| LIFTS UK LIMITED (REGISTERED NUMBER: 04881145) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Year Ended 30 August 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | RELATED PARTY DISCLOSURES |
| At the balance sheet date the company owed a related party Exchange Trading Company Limited, of whom it shares a director, £29,082 (2023: £29,478). |