REGISTERED NUMBER: 09389544 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Tower Lifts (Uk) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R S Butler

Mrs H A Butler

R Harker

REGISTERED OFFICE:

1 Doolittle Yard

Froghall Road

Ampthill

Bedfordshire

MK45 2NW

REGISTERED NUMBER:

09389544 (England and Wales)

ACCOUNTANTS:

Godfrey Laws & Co Limited

65 Knowl Piece

Wilbury Way

Hitchin

Hertfordshire

SG4 0TY

FIXED ASSETS

Tangible assets

4

643,949

559,941

CURRENT ASSETS

Debtors

5

475,731

395,985

Cash at bank and in hand

412,020

927,731

887,751

1,323,716

CREDITORS

Amounts falling due within one year

6

447,045

341,307

NET CURRENT ASSETS

440,706

982,409

TOTAL ASSETS LESS CURRENT LIABILITIES

1,084,655

1,542,350

CREDITORS

Amounts falling due after more than one year

7

(75,985

)

(262,533

)

PROVISIONS FOR LIABILITIES

(86,392

)

(65,390

)

NET ASSETS

922,278

1,214,427

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

922,178

1,214,327

922,278

1,214,427

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 4 July 2025 and were signed on its behalf by:

R S Butler - Director

1.	STATUTORY INFORMATION

Tower Lifts (Uk) Limited 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 20% on cost and 20% on reducing balance

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.

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 8 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 February 2024

324,084

535,944

860,028

Additions

-

173,807

173,807

At 31 January 2025

324,084

709,751

1,033,835

DEPRECIATION

At 1 February 2024

26,449

273,638

300,087

Charge for year

6,482

83,317

89,799

At 31 January 2025

32,931

356,955

389,886

NET BOOK VALUE

At 31 January 2025

291,153

352,796

643,949

At 31 January 2024

297,635

262,306

559,941

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

142,424

343,016

Other debtors

333,307

52,969

475,731

395,985

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

-

13,326

Hire purchase contracts

16,214

47,083

Trade creditors

85,669

40,993

Taxation and social security

69,113

180,288

Other creditors

276,049

59,617

447,045

341,307

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

-

170,335

Hire purchase contracts

75,985

92,198

75,985

262,533

31.1.25

31.1.24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

170,335

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

R S Butler

Balance outstanding at start of year

(639

)

(2,540

)

Amounts advanced

367,710

1,901

Amounts repaid

(355,589

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

11,482

(639

)

This loan was repaid within 9 months of the year end. Interest was charged on the above loan.