LIFTSMITHS LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 14699318

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		6,000		6,000
Tangible Assets	5		1,846		2,461

			7,846		8,461
CURRENT ASSETS
Debtors	6	44,627		5,295
Cash at bank and in hand		1,109		9,121

		45,736		14,416
Creditors: Amounts Falling Due Within One Year	7	(50,195 )		(22,276 )

NET CURRENT ASSETS (LIABILITIES)			(4,459 )		(7,860 )

TOTAL ASSETS LESS CURRENT LIABILITIES			3,387		601

NET ASSETS			3,387		601

CAPITAL AND RESERVES
Called up share capital	8		2		1
Profit and Loss Account			3,385		600

SHAREHOLDERS' FUNDS			3,387		601

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LIFTSMITHS LTD

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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 Robert Smith

Director

10/12/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

LIFTSMITHS LTD is a private company, limited by shares, incorporated in England & Wales, registered number 14699318 . The registered office is 203 West Street, Fareham, PO16 0EN.

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 from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Motor Vehicles

25% reducing balance method

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: )

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	6,000

As at 31 March 2025	6,000

Amortisation
As at 1 April 2024	-
Provided during the period	600
Other	(600 )

As at 31 March 2025	-

Net Book Value
As at 31 March 2025	6,000

As at 1 April 2024	6,000

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LIFTSMITHS LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

5. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 April 2024	2,703

As at 31 March 2025	2,703

Depreciation
As at 1 April 2024	242
Provided during the period	615

As at 31 March 2025	857

Net Book Value
As at 31 March 2025	1,846

As at 1 April 2024	2,461

6. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Trade debtors	23,396	-
Other debtors	21,231	5,295

	44,627	5,295

7. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Corporation tax	7,399	5,033
Accruals and deferred income	23,490	215
Director's loan account	19,306	17,028

	50,195	22,276

8. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	2	1

9. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 April 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 March 2025
	£	£	£	£	£
Mr Robert Smith	(17,028 )	(14,024 )	11,746	-	(19,036 )

The above loan is unsecured, interest free and repayable on demand.

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