REGISTERED NUMBER: 05959382 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

KEIGHLEY LIFTS UK LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Boocock

Mrs I Boocock

SECRETARY:

Mrs I Boocock

REGISTERED OFFICE:

Beckside House

Pitt Street

Keighley

West Yorkshire

BD21 4PF

REGISTERED NUMBER:

05959382 (England and Wales)

ACCOUNTANTS:

Fortus Limited

3 Park Square East

Leeds

LS1 2NE

FIXED ASSETS

Tangible assets

4

291,151

309,507

CURRENT ASSETS

Stocks

9,250

8,966

Debtors

5

269,790

159,669

Cash at bank

256,746

318,721

535,786

487,356

CREDITORS

Amounts falling due within one year

6

368,323

265,920

NET CURRENT ASSETS

167,463

221,436

TOTAL ASSETS LESS CURRENT LIABILITIES

458,614

530,943

CREDITORS

Amounts falling due after more than one year

7

(48,084

)

(88,010

)

PROVISIONS FOR LIABILITIES

(9,666

)

(10,501

)

NET ASSETS

400,864

432,432

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

400,764

432,332

SHAREHOLDERS' FUNDS

400,864

432,432

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 9 December 2025 and were signed on its behalf by:

S Boocock - Director

1.	STATUTORY INFORMATION

Keighley Lifts UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Significant judgements and estimates

In applying the company's accounting policies, the director is required to make judgements,

estimates and assumptions about the carrying value of assets and liabilities. Estimates and

assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised

in the period in which the estimate is revised

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 the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

17% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company enters into basic financial instrument transactions resulting in the recognition of financial assets and liabilities such as trade debtors and trade creditors, loans from banks and loans to and from related parties. Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be received or paid. If a short term instrument constitutes a financing transaction, such as the payment of a trade debt beyond normal business terms or financed at a non-market rate of interest, the financial asset or liability is measured at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Motor

Computer

property

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

267,056

73,470

16,437

356,963

DEPRECIATION

At 1 January 2024

12,819

23,469

11,168

47,456

Charge for year

4,273

12,500

1,583

18,356

At 31 December 2024

17,092

35,969

12,751

65,812

NET BOOK VALUE

At 31 December 2024

249,964

37,501

3,686

291,151

At 31 December 2023

254,237

50,001

5,269

309,507

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

269,790

159,669

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loan

20,831

-

Trade creditors

608

1,333

Loan creditor

-

19,383

Social security and other taxes

24,069

29,083

Due to related undertaking

209,513

203,121

Accruals and deferred income

113,302

13,000

368,323

265,920

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loan

48,084

88,010

Amounts falling due in more than five years:

Repayable by instalments

Bank loan

48,084

88,010

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loan

68,915

88,010

The bank loan is secured over the freehold property.