Whitstable Lifts Limited

FINANCIAL STATEMENTS

for the year ended 31st May 2025

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Whitstable Lifts Limited

Company No. 11996145

STATEMENT OF FINANCIAL POSITION

as at 31st May 2025

| 2025 |  | 2024
| Note | £ |  | £ |  | £
FIXED ASSETS
Property, plant and equipment | 4 |  |  | 22173 |  | 7109
|  |  |  | 22173 |  | 7109
CURRENT ASSETS
Debtors | 5 | 17253 |  |  |  | 16854
Cash at bank and in hand |  | 4488 |  |  |  | 12270
|  | 21741 |  |  |  | 29124
CURRENT LIABILITIES
Creditors: amounts falling due
within one year | 6 | 29704 |  |  |  | 35484
NET CURRENT LIABILITIES |  |  |  | (7963) |  | (6360)
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  |  | 14210 |  | 749
Creditors: amounts falling due
after more than one year | 7 |  |  | 13288 |  | -
NET ASSETS |  |  |  | 922 |  | 749
CAPITAL AND RESERVES
Called up share capital |  |  |  | 101 |  | 101
Retained earnings |  |  |  | 821 |  | 648
SHAREHOLDERS FUNDS |  |  |  | 922 |  | 749

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st May 2025 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

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.

Approved by the Board on 3 November 2025

S J Brigstocke-Williams

Director

Company Number 11996145 (England)

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Whitstable Lifts Limited

NOTES TO THE ACCOUNTS

for the year ended 31st May 2025

1 Statutory information

Whitstable Lifts Limited is a private company limited by shares and registered under company number 11996145 in England. Its registered office address is 12, Hatherley Road, Sidcup, Kent, England, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2 Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles | 15-25% reducing balance

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

3 Employee information

The average number of employees during the accounting period was 2 (2024 - 2).

4 Property, plant and equipment
|  |  |  |  | Plant |  | Fixtures |  |
|  |  | Motor |  | and |  | and |  |
|  |  | Vehicles |  | Machinery |  | Fittings |  | Total
|  |  | £ |  | £ |  | £ |  | £
Cost
At 1st June 2024 |  |  | 14995 |  | 4300 |  | 2216 |  | 21511
Additions |  |  | 20598 |  | - |  | - |  | 20598
Disposals |  |  | (14995) |  | - |  | - |  | (14995)
At 31st May 2025 |  |  | 20598 |  | 4300 |  | 2216 |  | 27114
Depreciation
At 1st June 2024 |  |  | 9855 |  | 2890 |  | 1657 |  | 14402
Charge for year |  |  | - |  | 282 |  | 112 |  | 394
On disposals |  |  | (9855) |  | - |  | - |  | (9855)
At 31st May 2025 |  |  | - |  | 3172 |  | 1769 |  | 4941
Net Book Value
At 31st May 2025 |  |  | 20598 |  | 1128 |  | 447 |  | 22173
At 31st May 2024 |  |  | 5140 |  | 1410 |  | 559 |  | 7109
Net book value of assets included above held
under finance leases and hire purchase contracts
At 31st May 2025 |  |  | 20598 |  | - |  | - |  | 20598
At 31st May 2024 |  |  | - |  | - |  | - |  | -

5 Debtors | 2025 |  | 2024
| £ |  | £
Trade Debtors | 13788 |  | 14520
Other debtors | 3465 |  | 2334
| 17253 |  | 16854

6 Creditors: amounts falling due within one year | 2025 |  | 2024
| £ |  | £
Loans and Overdrafts | 6387 |  | 9256
Obligations under finance lease and hire purchase contracts | 4429 |  | -
Corporation tax | 7648 |  | 12565
Taxes and social security costs | - |  | 2273
Other creditors | 11240 |  | 11390
| 29704 |  | 35484

7 Creditors: amounts falling due after one year | 2025 |  | 2024
| £ |  | £
Obligations under finance lease and hire purchase contracts | 13288 |  | -
| 13288 |  | -

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