DIRECT LIFT SOLUTIONS LIMITED

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07318194

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		61,690		71,134

			61,690		71,134
CURRENT ASSETS
Debtors	5	176,875		121,448
Cash at bank and in hand		117,476		164,426

		294,351		285,874
Creditors: Amounts Falling Due Within One Year	6	(123,779 )		(251,198 )

NET CURRENT ASSETS (LIABILITIES)			170,572		34,676

TOTAL ASSETS LESS CURRENT LIABILITIES			232,262		105,810

Creditors: Amounts Falling Due After More Than One Year	7		(19,062 )		(26,188 )

NET ASSETS			213,200		79,622

CAPITAL AND RESERVES
Called up share capital	9		1		1
Profit and Loss Account			213,199		79,621

SHAREHOLDERS' FUNDS			213,200		79,622

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DIRECT LIFT SOLUTIONS LIMITED

Balance Sheet (continued)

As At 31 July 2024

For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr RICHARD JACKSON

Director

5th November 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

DIRECT LIFT SOLUTIONS LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 07318194 . The registered office is 5 STUDLAND ROAD, REDCAR, CLEVELAND, TS10 2RE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover form the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	15% per annum reducing balance
Plant & Machinery	15% per annum reducing balance
Motor Vehicles	20% per annum reducing balance
Fixtures & Fittings	15% per annum reducing balance
Computer Equipment	15% per annum reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under 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 the 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 the profit and loss account as incurred.

2.5. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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DIRECT LIFT SOLUTIONS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2023: 3)

4. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 August 2023	14,800	4,400	146,638	300
Additions	-	9,070	-	-
Disposals	-	-	(4,600 )	-

As at 31 July 2024	14,800	13,470	142,038	300

Depreciation
As at 1 August 2023	9,218	3,774	82,599	260
Provided during the period	838	1,056	11,887	6

As at 31 July 2024	10,056	4,830	94,486	266

Net Book Value
As at 31 July 2024	4,744	8,640	47,552	34

As at 1 August 2023	5,582	626	64,039	40


	Computer Equipment	Total
	£	£
Cost
As at 1 August 2023	2,158	168,296
Additions	-	9,070
Disposals	-	(4,600 )

As at 31 July 2024	2,158	172,766

Depreciation
As at 1 August 2023	1,311	97,162
Provided during the period	127	13,914

As at 31 July 2024	1,438	111,076

Net Book Value
As at 31 July 2024	720	61,690

As at 1 August 2023	847	71,134

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DIRECT LIFT SOLUTIONS LIMITED

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2024

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	115,643	-
VAT	-	11,075
Other taxes and social security	61,232	36,976
Director's loan account	-	73,397

	176,875	121,448

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	4,771	2,468
Corporation tax	48,339	2,849
VAT	8,461	-
Natwest Credit Card	-	1,537
Tesco Credit Card	1,776	1,411
American Express Credit Card	-	353
Accruals and deferred income	1,388	1,135
Director's loan account	59,044	241,445

	123,779	251,198

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	19,062	26,188

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1	1

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