Company registration number 03951475 (England and Wales)
V & H LIFT CONTRACTORS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
V & H LIFT CONTRACTORS LIMITED
COMPANY INFORMATION
Directors
Mr M J Hayes
Mr S J Varley
Secretary
Mr S J Varley
Company number
03951475
Registered office
Wetley Mill
Mill Lane
Wetley Rocks
Stoke on Trent
Staffordshire
ST9 0BW
Accountants
Dains Accountants Limited
Suite 2, Albion House
2 Etruria Office Village
Forge Lane
Stoke on Trent
Staffordshire
ST1 5RQ
V & H LIFT CONTRACTORS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
V & H LIFT CONTRACTORS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
18,408
3,566
Current assets
Debtors
5
78,931
91,560
Cash at bank and in hand
135,009
236,669
213,940
328,229
Creditors: amounts falling due within one year
6
(143,600)
(146,874)
Net current assets
70,340
181,355
Total assets less current liabilities
88,748
184,921
Provisions for liabilities
(4,602)
(892)
Net assets
84,146
184,029
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
84,046
183,929
Total equity
84,146
184,029

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements 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 financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 3 November 2025 and are signed on its behalf by:
Mr M J Hayes
Director
Company registration number 03951475 (England and Wales)
V & H LIFT CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

V & H Lift Contractors Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wetley Mill, Mill Lane, Wetley Rocks, Stoke on Trent, Staffordshire, ST9 0BW.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is five years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Motor vehicles
25% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

V & H LIFT CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
14,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
14,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
V & H LIFT CONTRACTORS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 April 2024
2,946
1,993
10,186
15,125
Additions
-
0
-
0
16,708
16,708
Disposals
-
0
-
0
(4,795)
(4,795)
At 31 March 2025
2,946
1,993
22,099
27,038
Depreciation and impairment
At 1 April 2024
2,858
1,268
7,433
11,559
Depreciation charged in the year
13
109
688
810
Eliminated in respect of disposals
-
0
-
0
(3,739)
(3,739)
At 31 March 2025
2,871
1,377
4,382
8,630
Carrying amount
At 31 March 2025
75
616
17,717
18,408
At 31 March 2024
88
725
2,753
3,566
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
72,250
88,770
Other debtors
6,681
2,790
78,931
91,560
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
26,973
9,791
Taxation and social security
9,458
29,367
Other creditors
107,169
107,716
143,600
146,874
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