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REGISTERED NUMBER: SC463630 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Saltire Lift Services Ltd

Saltire Lift Services Ltd (Registered number: SC463630)






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


Saltire Lift Services Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: C Finnigan
Mrs C Finnigan





REGISTERED OFFICE: 1 Islay Way
Coatbridge
ML5 5DX





REGISTERED NUMBER: SC463630 (Scotland)





ACCOUNTANTS: Accountants Plus
Chartered Certified Accountants
Second Floor
Airbles House
270 Airbles Road
Motherwell
ML1 3AT

Saltire Lift Services Ltd (Registered number: SC463630)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,205 58,026

CURRENT ASSETS
Debtors 5 520,793 505,059
Cash at bank 79,383 134,616
600,176 639,675
CREDITORS
Amounts falling due within one year 6 477,362 444,247
NET CURRENT ASSETS 122,814 195,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,019

253,454

CREDITORS
Amounts falling due after more than
one year

7

(17,116

)

(29,598

)

PROVISIONS FOR LIABILITIES (7,069 ) (13,305 )
NET ASSETS 135,834 210,551

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 135,832 210,549
135,834 210,551

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.

Saltire Lift Services Ltd (Registered number: SC463630)

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 29 August 2025 and were signed on its behalf by:





C Finnigan - Director


Saltire Lift Services Ltd (Registered number: SC463630)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Saltire Lift Services Ltd 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.

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.

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 reducing balance

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors
Short term creditors are measured at transaction price, less any impairment. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Cash and bank balances
Cash and bank balances are measured at the transaction price.

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.


Saltire Lift Services Ltd (Registered number: SC463630)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 11 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2023
and 30 November 2024 113,696
DEPRECIATION
At 1 December 2023 55,670
Charge for year 20,821
At 30 November 2024 76,491
NET BOOK VALUE
At 30 November 2024 37,205
At 30 November 2023 58,026

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 520,793 505,059

Saltire Lift Services Ltd (Registered number: SC463630)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 19,491 31,942
Hire purchase contracts 3,151 3,519
Trade creditors 47,590 139,864
Tax 111,324 78,233
Social security and other taxes 94,048 28,101
VAT 198,782 118,163
Directors' current accounts 766 -
Accrued expenses 2,210 44,425
477,362 444,247

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-2 years 5,614 15,523
Hire purchase contracts 11,502 14,075
17,116 29,598