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Registration number: 08541263

UK Lift Tech Ltd
Unaudited Filleted Financial Statements
for the Year Ended 31 May 2025

UK Lift Tech Ltd

Contents

Company Information | 1
Accountants' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 10

UK Lift Tech Ltd

Company Information

Director | Mr Thomas Rushton

Registered office | Trawden Advance Factory Site Skipton Road Trawden Colne Lancashire BB8 7BN

Accountants | Hughes Accountants Limited AAT Licensed Accountant Ground Floor Unit 8, Vantage Court Riverside Way Barrowford Nelson Lancashire BB9 6BP

Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
UK Lift Tech Ltd
for the Year Ended 31 May 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of UK Lift Tech Ltd for the year ended 31 May 2025 as set out on pages 3 to 10 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Accounting Technicians (AAT), we are subject to its ethical and other professional requirements, which are detailed at www.aat.org.uk/membership/standards-requirements.

This report is made solely to the Board of Directors of UK Lift Tech Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of UK Lift Tech Ltd and state those matters that we have agreed to state to the Board of Directors of UK Lift Tech Ltd, as a body, in this report in accordance with the requirements of the Association of Accounting Technicians (AAT). To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UK Lift Tech Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that UK Lift Tech Ltd 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 of UK Lift Tech Ltd. You consider that UK Lift Tech Ltd 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 UK Lift Tech Ltd. 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 statutory accounts.

......................................
Hughes Accountants Limited
AAT Licensed Accountant
Ground Floor Unit 8, Vantage Court
Riverside Way
Barrowford
Nelson
Lancashire
BB9 6BP

13 February 2026

UK Lift Tech Ltd

(Registration number: 08541263)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 31,228 | 68,967
Current assets |  |  |
Debtors | 5 | 350,787 | 423,779
Cash at bank and in hand |  | 204,773 | 102,442
|  | 555,560 | 526,221
Creditors: Amounts falling due within one year | 6 | (178,579) | (170,168)
Net current assets |  | 376,981 | 356,053
Total assets less current liabilities |  | 408,209 | 425,020
Creditors: Amounts falling due after more than one year | 6 | (4,745) | (29,468)
Provisions for liabilities |  | (21,826) | (21,826)
Net assets |  | 381,638 | 373,726
Capital and reserves |  |  |
Called up share capital | 7 | 2 | 2
Retained earnings |  | 381,636 | 373,724
Shareholders' funds |  | 381,638 | 373,726

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 13 February 2026

......................................... Mr Thomas Rushton Director

UK Lift Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Trawden Advance Factory Site
Skipton Road
Trawden
Colne
Lancashire
BB8 7BN

These financial statements were authorised for issue by the director on 13 February 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.
Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

UK Lift Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Motor vehicles | 25% Straight line
Plant and machinery | Straight line over 3 years
Furniture and fittings | Straight line over 3 years

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

UK Lift Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

UK Lift Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 19 (2024 - 16).

UK Lift Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 June 2024 | 3,168 | 292,476 | 270 | 295,914
At 31 May 2025 | 3,168 | 292,476 | 270 | 295,914
Depreciation
At 1 June 2024 | 2,736 | 223,941 | 270 | 226,947
Charge for the year | 432 | 37,307 | - | 37,739
At 31 May 2025 | 3,168 | 261,248 | 270 | 264,686
Carrying amount
At 31 May 2025 | - | 31,228 | - | 31,228
At 31 May 2024 | 432 | 68,535 | - | 68,967

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 162,646 | 228,643
Prepayments | - | 7,789
Other debtors | 188,141 | 187,347
| 350,787 | 423,779

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 33,805 | 42,794
Trade creditors |  | 98,410 | 73,385
Taxation and social security |  | 44,533 | 51,153
Accruals and deferred income |  | 1,500 | -
Other creditors |  | 331 | 2,836
|  | 178,579 | 170,168

UK Lift Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 10,000 | 10,000
HP and finance lease liabilities | 23,805 | 32,794
| 33,805 | 42,794

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 8 | 4,745 | 29,468

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 2 | 2 | 2 | 2

8 | Loans and borrowings

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 1,239 | 11,667
Finance lease liabilities | 3,506 | 17,801
| 4,745 | 29,468

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 10,000 | 10,000
Finance lease liabilities | 23,805 | 32,794
| 33,805 | 42,794

UK Lift Tech Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Bank borrowings

Bank loan is denominated in £ with a nominal interest rate of 2.5%, and the final instalment is due on 6 July 2026. The carrying amount at year end is £Nil (2024 - £21,667).