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Registered Number: 09748284
England and Wales

 

 

 

NITS LIFTING SOLUTION LTD



Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
  2024   2023
    £ £   £ £
Fixed assets   89,004      60,724 
Current assets 23,143      18,726   
Creditors: amount falling due within one year (12,362)     2,106   
Net current assets   10,781      20,832 
Total assets less current liabilities   99,785      81,556 
Creditors: amount falling due after more than one year   (24,433)     (33,716)
Net assets   75,352      47,840 
 

         
Capital and reserves   75,352      47,840 
 
NOTES TO THE ACCOUNTS

General Information
NITS LIFTING SOLUTION LTD is a private company, limited by shares, registered in England and Wales, registration number 09748284, registration address Mews 6 25, College Avenue, Grays, England, RM17 5UN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 18% Reducing Balance
Motor Vehicles 18.5% Reducing Balance
2.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 September 2023 34,631    42,519    77,150 
Additions 34,830    5,833    40,663 
Disposals    
At 31 August 2024 69,461    48,352    117,813 
Depreciation
At 01 September 2023 2,660    13,766    16,426 
Charge for year 6,701    5,682    12,383 
On disposals    
At 31 August 2024 9,361    19,448    28,809 
Net book values
Closing balance as at 31 August 2024 60,100    28,904    89,004 
Opening balance as at 01 September 2023 31,971    28,753    60,724 


3.

Average number of employees

Average number of employees during the year was 1 (2023 : 0).

4.

Off Balance Sheet Arrangements

None


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts.
The financial statements were approved by the board of directors on 30 August 2025 and were signed on its behalf by:


--------------------------------
Nitin GHAI
Director
1