REGISTERED NUMBER: 06239536 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Lifting and Cooling Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Gordon Joice

SECRETARY:

Mrs Sylvia Joice

REGISTERED OFFICE:

Polar House

Lindsey Park

North Estate

Bowburn

Co. Durham

DH6 5PF

REGISTERED NUMBER:

06239536 (England and Wales)

FIXED ASSETS

Intangible assets

4

50,229

50,229

Tangible assets

5

239,056

215,833

289,285

266,062

CURRENT ASSETS

Stocks

60,895

68,645

Debtors

6

133,282

148,249

Cash at bank and in hand

172

1,840

194,349

218,734

CREDITORS

Amounts falling due within one year

7

290,980

255,473

NET CURRENT LIABILITIES

(96,631

)

(36,739

)

TOTAL ASSETS LESS CURRENT LIABILITIES

192,654

229,323

CREDITORS

Amounts falling due after more than one year

8

2,516

46,176

NET ASSETS

190,138

183,147

CAPITAL AND RESERVES

Called up share capital

10,050

10,050

Retained earnings

180,088

173,097

SHAREHOLDERS' FUNDS

190,138

183,147

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.

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 director and authorised for issue on 5 September 2025 and were signed by:

Gordon Joice - Director

1.	STATUTORY INFORMATION

Lifting and Cooling Ltd is a private company, limited by shares , registered in England and Wales. 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.

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.

Development costs are being amortised evenly over their estimated useful life of nil 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

-

20% on reducing balance, 15% on cost and 10% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 9 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

50,229

NET BOOK VALUE

At 31 December 2024

50,229

At 31 December 2023

50,229

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

443,136

Additions

29,861

At 31 December 2024

472,997

DEPRECIATION

At 1 January 2024

227,303

Charge for year

6,638

At 31 December 2024

233,941

NET BOOK VALUE

At 31 December 2024

239,056

At 31 December 2023

215,833

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

78,813

79,906

Other debtors

54,469

68,343

133,282

148,249

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

74,484

76,302

Hire purchase contracts

30,318

-

Trade creditors

33,800

33,128

Taxation and social security

62,856

41,437

Other creditors

89,522

104,606

290,980

255,473

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

2,516

46,176