REGISTERED NUMBER: 03593920 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2025

FOR

LIFT OUT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

W D D Lidsey

J M Lidsey

SECRETARY:

J M Lidsey

REGISTERED OFFICE:

9 Landau Way

Darent Industrial Park

Erith

Kent

DA8 2LF

REGISTERED NUMBER:

03593920 (England and Wales)

ACCOUNTANTS:

Robsons Accountants

19 Montpelier Avenue

Bexley

Kent

DA5 3AP

FIXED ASSETS

Tangible assets

4

161,870

146,212

CURRENT ASSETS

Debtors

5

512,883

350,748

Cash at bank and in hand

42,136

152,926

555,019

503,674

CREDITORS

Amounts falling due within one year

6

(294,672

)

(261,562

)

NET CURRENT ASSETS

260,347

242,112

TOTAL ASSETS LESS CURRENT LIABILITIES

422,217

388,324

CREDITORS

Amounts falling due after more than one year

7

(13,334

)

(32,020

)

NET ASSETS

408,883

356,304

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

407,883

355,304

SHAREHOLDERS' FUNDS

408,883

356,304

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 5 November 2025 and were signed on its behalf by:

W D D Lidsey - Director

1.	STATUTORY INFORMATION

Lift Out 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

-

10% on cost

Plant and machinery etc

-

25% 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 25 (2024 - 26 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 August 2024

44,300

377,191

61,019

Additions

-

34,029

22,687

Disposals

-

-

-

At 31 July 2025

44,300

411,220

83,706

DEPRECIATION

At 1 August 2024

44,300

335,550

56,100

Charge for year

-

18,918

6,902

Eliminated on disposal

-

-

-

At 31 July 2025

44,300

354,468

63,002

NET BOOK VALUE

At 31 July 2025

-

56,752

20,704

At 31 July 2024

-

41,641

4,919

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 August 2024

182,875

199,995

865,380

Additions

-

15,713

72,429

Disposals

(5,000

)

-

(5,000

)

At 31 July 2025

177,875

215,708

932,809

DEPRECIATION

At 1 August 2024

121,678

161,540

719,168

Charge for year

14,597

13,542

53,959

Eliminated on disposal

(2,188

)

-

(2,188

)

At 31 July 2025

134,087

175,082

770,939

NET BOOK VALUE

At 31 July 2025

43,788

40,626

161,870

At 31 July 2024

61,197

38,455

146,212

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

336,156

223,911

Other debtors

176,727

126,837

512,883

350,748

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

8,687

7,249

Trade creditors

52,309

39,319

Taxation and social security

136,556

134,684

Other creditors

97,120

80,310

294,672

261,562

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

13,334

23,333

Hire purchase contracts

-

8,687

13,334

32,020

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

W D D Lidsey

Balance outstanding at start of year

107,234

100,176

Amounts advanced

167,759

107,234

Amounts repaid

(107,234

)

(100,176

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

167,759

107,234

During the year ended 31st July 2025 the company rented its premises at 9 Landau Way, Erith, Kent from the director. The rent paid amounts to £48,000 (2024 - £48,000).