Company Registration No. 09981456 (England and Wales)
SM Lift Services Ltd
Unaudited accounts
for the year ended 28 February 2025
SM Lift Services Ltd
Unaudited accounts
Contents
SM Lift Services Ltd
Company Information
for the year ended 28 February 2025
Company Number
09981456 (England and Wales)
Registered Office
31 Hazeloak Road
Shirley
Solihull
West Midlands
B90 2AY
Accountants
R M Accountancy Services Ltd
The Old Post Office
137-139 Long Street
Dordon
Staffordshire
B78 1SH
SM Lift Services Ltd
Statement of financial position
as at 28 February 2025
Tangible assets
1,316
1,676
Cash at bank and in hand
3,043
14,817
Creditors: amounts falling due within one year
(7,256)
(4,902)
Net current assets
47,273
44,053
Total assets less current liabilities
48,589
45,729
Creditors: amounts falling due after more than one year
(31,761)
(38,833)
Called up share capital
2
2
Profit and loss account
16,826
6,894
Shareholders' funds
16,828
6,896
For the year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2025 and were signed on its behalf by
L Kempson
Director
Company Registration No. 09981456
SM Lift Services Ltd
Notes to the Accounts
for the year ended 28 February 2025
SM Lift Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 09981456. The registered office is 31 Hazeloak Road, Shirley, Solihull, West Midlands, B90 2AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
Motor vehicles
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 March 2024
1,509
8,000
9,509
At 28 February 2025
1,509
8,000
9,509
At 1 March 2024
1,031
6,802
7,833
Charge for the year
120
240
360
At 28 February 2025
1,151
7,042
8,193
At 28 February 2025
358
958
1,316
At 29 February 2024
478
1,198
1,676
SM Lift Services Ltd
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Other debtors
50,875
34,138
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
6,250
6,250
Trade creditors
9,615
5,014
Taxes and social security
23,385
11,970
Loans from directors
(31,994)
(25,436)
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).