Pro-Lift Solutions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10855961

Pro-Lift Solutions Limited

Filleted Unaudited Financial Statements

31 March 2025

Pro-Lift Solutions Limited

Financial Statements

Year ended 31 March 2025

Contents	Page

Balance sheet	1

Notes to the financial statements	3

Pro-Lift Solutions Limited

Balance Sheet

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		134,006		165,229

Current assets

Debtors	6	34,508	46,807
Cash at bank and in hand		34,854	13,483
		--------	--------
		69,362	60,290

Creditors: amounts falling due within one year	7	( 65,901)		( 59,980)
		--------		--------
Net current assets			3,461		310
			---------		---------
Total assets less current liabilities			137,467		165,539

Creditors: amounts falling due after more than one year	8		( 24,462)		( 60,668)

Provisions

Taxation including deferred tax	( 33,502)	( 25,907)
	---------	---------
Net assets	79,503	78,964
	---------	---------

Pro-Lift Solutions Limited

Balance Sheet (continued)

31 March 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	79,403	78,864
	--------	--------
Shareholders funds	79,503	78,964
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

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.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 6 November 2025 , and are signed on behalf of the board by:

Mr J A Mann

Director

Company registration number: 10855961

Pro-Lift Solutions Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	Over 10 years
Fixtures and fittings	-	Over 10 years

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the balance sheet as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: Nil).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	316,114	739	316,853
	---------	----	---------
Depreciation
At 1 April 2024	151,402	222	151,624
Charge for the year	31,149	74	31,223
	---------	----	---------
At 31 March 2025	182,551	296	182,847
	---------	----	---------
Carrying amount
At 31 March 2025	133,563	443	134,006
	---------	----	---------
At 31 March 2024	164,712	517	165,229
	---------	----	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	7,370	9,335
Other debtors	27,138	37,472
	--------	--------
	34,508	46,807
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	1,119	552
Corporation tax	647	–
Social security and other taxes	273	–
Other creditors	63,862	59,428
	--------	--------
	65,901	59,980
	--------	--------

Included in other creditors due within one year are hire purchase liabilities of £36,207 (2024: £32,698). These liabilities are secured on the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	24,462	60,668
	--------	--------

Included in other creditors due after more than one year are hire purchase liabilities of £24,462 (2024: £60,668). These liabilities are secured on the assets to which they relate.

9. Directors' advances, credits and guarantees

During the year, the directors had interest-free loans with the company. The loans are repayable on demand. At the start of the year the company owed the directors £1,730, and at the end of the year the company owed the directors £1,730.

10. Related party transactions

During the year, the company had a loan with related parties which directors have a shareholding in. At the start of the year the company owed £23,000 to the related parties, and at the end of the year owed £23,000. The loans are interest-free and repayable on demand.