Adept Lift Technical Services Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—8

Report to the director on the preparation of the unaudited statutory accounts of Adept Lift Technical Services Limited for the year ended 31 March 2025

To assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Adept Lift Technical Services Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made to the director of Adept Lift Technical Services Limited , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of Adept Lift Technical Services Limited and state those matters that we have agreed to state to the director of Adept Lift Technical Services Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Adept Lift Technical Services Limited and its director as a body for our work or for this report.

It is your duty to ensure that Adept Lift Technical Services Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Adept Lift Technical Services Limited . You consider that Adept Lift Technical Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Adept Lift Technical Services Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

CKR

19 December 2025

C K R

Chartered Certified Accountants

CKR House

70 East Hill

Dartford

Kent

DA1 1RZ

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Adept Lift Technical Services Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 02223633

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,984		16,498

			14,984		16,498
CURRENT ASSETS
Debtors	5	472,756		374,824
Cash at bank and in hand		171,934		197,093

		644,690		571,917
Creditors: Amounts Falling Due Within One Year	6	(253,887 )		(191,024 )

NET CURRENT ASSETS (LIABILITIES)			390,803		380,893

TOTAL ASSETS LESS CURRENT LIABILITIES			405,787		397,391

Creditors: Amounts Falling Due After More Than One Year	7		(2,014 )		(13,039 )

NET ASSETS			403,773		384,352

CAPITAL AND RESERVES
Called up share capital	9		125		100
Other reserves			(97,910 )		-
Profit and Loss Account			501,558		384,252

SHAREHOLDERS' FUNDS			403,773		384,352

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Adept Lift Technical Services Limited

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 I S Buckingham

Director

19 December 2025

The notes on pages 4 to 8 form part of these financial statements.

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Adept Lift Technical Services Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Adept Lift Technical Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02223633 . The registered office is Unit 6 Butterly Avenue, Questor, Dartford, Kent, DA1 1JG.

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.

Sale of goods

Turnover from 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 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:

Leasehold	0% reducing balance basis
Plant & Machinery	25% reducing balance basis
Computer Equipment	25% reducing balance basis

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 years 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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Adept Lift Technical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

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

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Change in Ownership Structure

The directors are pleased to report that during the year the company transitioned to an Employee Ownership Trust (EOT) structure. The entire issued share capital of the company was transferred to the EOT known as Adept Lift Technical Services EOT Ltd (Company number 16090583) .

The purpose of this change is to secure the long-term independence of the business and to ensure that the benefits of future growth are shared among employees. Under this arrangement, the EOT holds the shares on behalf of all eligible employees, fostering a culture of engagement, accountability, and shared success.

The EOT is managed by a board of trustees who are responsible for ensuring that the trust operates in the best interests of the employees and in accordance with the trust deed. Employees will have a voice in the governance process through elected representatives and regular communication channels, ensuring transparency and alignment with the company’s values.

The directors believe that this ownership model will strengthen the company’s commitment to its workforce and support sustainable development for the benefit of all stakeholders.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows:

	2025	2024
Office and administration	2	2
Sales, marketing and distribution	11	10

	13	12

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2024	7,926	71,679	1,948	81,553
Additions	-	192	633	825

As at 31 March 2025	7,926	71,871	2,581	82,378

Depreciation
As at 1 April 2024	-	64,568	487	65,055
Provided during the period	-	1,816	523	2,339

As at 31 March 2025	-	66,384	1,010	67,394

...CONTINUED

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Adept Lift Technical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

Net Book Value
As at 31 March 2025	7,926	5,487	1,571	14,984

As at 1 April 2024	7,926	7,111	1,461	16,498

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	304,203	286,562
Contra	7,007	-
Prepayments and accrued income	135,975	61,062
Other debtors	683	2,312
Rent Deposit	22,502	22,502
Amounts owed by associates	2,386	2,386

	472,756	374,824

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	1,031	2,510
Trade creditors	123,738	64,376
Bank loans and overdrafts	10,194	9,946
Corporation tax	57,133	68,489
Other taxes and social security	11,006	12,291
VAT	45,193	30,236
Net wages	1	1
Other creditors	-	22
Accruals and deferred income	5,500	3,000
Director's loan account	91	153

	253,887	191,024

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	582
Bank loans	2,014	12,457

	2,014	13,039

8. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	1,031	2,510
Later than one year and not later than five years	-	582

	1,031	3,092

	1,031	3,092

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Adept Lift Technical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	125	100

10. Directors Advances, Credits and Guarantees

Dividends paid to directors

	2025	2024
	£	£
Mr I S Buckingham	20,600	29,200

11. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	51,500	-
Final dividend paid	-	73,000

	51,500	73,000

12. Reserves

Statements of changes in equity.

Brought forward reserves	£384,252
Profit after dividends and taxation	£117306

Reductions in reserves - payments to EOT	(£97,910)

Carried forward reserves	£403,648

13. Post Balance Sheet Events

During the year ended 31 March 2025, the company’s ownership structure changed following the transfer of the entire issued share capital into an Employee Ownership Trust (EOT)

The EOT now holds the shares on behalf of all eligible employees. The trust is governed by a board of trustees comprising, company representatives, and employee representatives. The trustees are responsible for ensuring that the trust operates in accordance with its deed and in the best interests of the employees.

This change is intended to secure the long-term independence of the business and promote employee engagement by enabling employees to share in the success of the company.

14. Ultimate Controlling Party

On 9 December 2024 , the entire issued share capital was transferred to an Employee Ownership Trust (EOT).

Accordingly, the ultimate controlling party of the company is Adept Lift Technical Services EOT Ltd , which holds the shares on behalf of all eligible employees. The trust is governed by a board of trustees comprising company representatives, and employee representatives, who act collectively in accordance with the trust deed to ensure the trust operates in the best interests of the employees.

The company's ultimate controlling party is Adept Lift Technical Services EOT Ltd by virtue of his ownership of 100% of the issued share capital in the company.

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Adept Lift Technical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

15. Employee Ownership Trust Transaction Costs

During the year, the company incurred legal and professional fees totalling £37,500 in relation to the establishment and implementation of an Employee Ownership Trust (EOT), through which the company’s shares were transferred into employee ownership.

In accordance with applicable accounting standards, these costs have been treated as movment in reserves and have therefore not been charged to the profit and loss account.

For corporation tax purposes, these costs are generally not deductible as they relate to the restructuring of the company’s capital. However, where the EOT qualifies under the relevant statutory provisions, a deduction may be available under section 1000 of the Corporation Tax Act 2009. The company will assess eligibility and apply the deduction where appropriate in the relevant tax computation.

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