IRIS Accounts Production v25.4.0.155 02220215 Board of Directors 1.1.25 31.12.25 31.12.25 15/4/2026 false true false false true false Auditors Opinion iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02220215 2024-12-31 02220215 2025-12-31 02220215 2025-01-01 2025-12-31 02220215 2023-12-31 02220215 2024-01-01 2024-12-31 02220215 2024-12-31 02220215 ns15:EnglandWales 2025-01-01 2025-12-31 02220215 ns14:PoundSterling 2025-01-01 2025-12-31 02220215 ns10:Director1 2025-01-01 2025-12-31 02220215 ns10:PrivateLimitedCompanyLtd 2025-01-01 2025-12-31 02220215 ns10:SmallEntities 2025-01-01 2025-12-31 02220215 ns10:Audited 2025-01-01 2025-12-31 02220215 ns10:SmallCompaniesRegimeForAccounts 2025-01-01 2025-12-31 02220215 ns10:FullAccounts 2025-01-01 2025-12-31 02220215 ns10:Director2 2025-01-01 2025-12-31 02220215 ns10:Director3 2025-01-01 2025-12-31 02220215 ns10:CompanySecretary1 2025-01-01 2025-12-31 02220215 ns10:RegisteredOffice 2025-01-01 2025-12-31 02220215 ns5:CurrentFinancialInstruments 2025-12-31 02220215 ns5:CurrentFinancialInstruments 2024-12-31 02220215 ns5:Non-currentFinancialInstruments 2025-12-31 02220215 ns5:Non-currentFinancialInstruments 2024-12-31 02220215 ns5:ShareCapital 2025-12-31 02220215 ns5:ShareCapital 2024-12-31 02220215 ns5:RetainedEarningsAccumulatedLosses 2025-12-31 02220215 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 02220215 ns5:LeaseholdImprovements 2024-12-31 02220215 ns5:PlantMachinery 2024-12-31 02220215 ns5:FurnitureFittings 2024-12-31 02220215 ns5:MotorVehicles 2024-12-31 02220215 ns5:LeaseholdImprovements 2025-01-01 2025-12-31 02220215 ns5:PlantMachinery 2025-01-01 2025-12-31 02220215 ns5:FurnitureFittings 2025-01-01 2025-12-31 02220215 ns5:MotorVehicles 2025-01-01 2025-12-31 02220215 ns5:LeaseholdImprovements 2025-12-31 02220215 ns5:PlantMachinery 2025-12-31 02220215 ns5:FurnitureFittings 2025-12-31 02220215 ns5:MotorVehicles 2025-12-31 02220215 ns5:LeaseholdImprovements 2024-12-31 02220215 ns5:PlantMachinery 2024-12-31 02220215 ns5:FurnitureFittings 2024-12-31 02220215 ns5:MotorVehicles 2024-12-31 02220215 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-12-31 02220215 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-01-01 2025-12-31 02220215 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2025-12-31 02220215 ns5:LeasedAssetsHeldAsLessee ns5:MotorVehicles 2024-12-31 02220215 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-12-31 02220215 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31

REGISTERED NUMBER: 02220215 (England and Wales)

CREST LIFTS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

CREST LIFTS LIMITED (REGISTERED NUMBER: 02220215)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 3 |

CREST LIFTS LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2025

| DIRECTORS: | Mr K Duberley

| Mr J R Garvey

| Mr J Duberley

| SECRETARY: | Mr K Duberley

| REGISTERED OFFICE: | 11 Nimbus

| Hercules Way

| Farnborough

| Hampshire

| GU14 6UU

| REGISTERED NUMBER: | 02220215 (England and Wales)

| AUDITORS: | Folkes Worton LLP

| Chartered Accountants and Statutory Auditor

| 15-17 Church Street

| Stourbridge

| West Midlands

| DY8 1LU

CREST LIFTS LIMITED (REGISTERED NUMBER: 02220215)

STATEMENT OF FINANCIAL POSITION

31 DECEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 491,294 |  | 530,828 |  |

CURRENT ASSETS

Stocks | 930,054 |  | 2,200,296 |  |

Debtors | 5 | 2,221,828 |  | 3,499,069 |  |

Cash at bank and in hand | 2,689,637 |  | 932,633 |  |

5,841,519 |  | 6,631,998 |  |

CREDITORS

Amounts falling due within one year | 6 | 3,866,014 |  | 5,157,541 |  |

NET CURRENT ASSETS | 1,975,505 |  | 1,474,457 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,466,799 |  | 2,005,285 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (174,828 | ) | (181,739 | ) |

PROVISIONS FOR LIABILITIES | (108,125 | ) | (128,674 | ) |

NET ASSETS | 2,183,846 |  | 1,694,872 |  |

CAPITAL AND RESERVES

Called up share capital | 20,000 |  | 20,000 |  |

Retained earnings | 2,163,846 |  | 1,674,872 |  |

SHAREHOLDERS' FUNDS | 2,183,846 |  | 1,694,872 |  |

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 15 April 2026 and were signed on its behalf by:

Mr K Duberley - Director

CREST LIFTS LIMITED (REGISTERED NUMBER: 02220215)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

1. | STATUTORY INFORMATION

| Crest Lifts Limited 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.

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.

| Turnover

| Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of value added tax. The fair value of consideration takes into account trade discounts.

| Revenue from the sale of goods is recognised when:

| - the significant risks and rewards of ownership of the goods have passed to the buyer, usually on dispatch of the goods;

| - the amount of the revenue can be measured reliably;

| - it is probable that the economic benefits associated with the transaction will flow to the entity; and

| - the costs incurred or to be incurred in respect of the transaction can be measured reliably.

| Tangible fixed assets

| Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Improvements to property |  | - |  | 25% on reducing balance |  |

| Plant and machinery |  | - |  | 25% on reducing balance |  |

| Fixtures and fittings |  | - |  | 15% to 25% on reducing balance |  |

| Motor vehicles |  | - |  | 20% to 25% on cost |  |

| The gain or loss arising on the disposal of an asset is determined as the difference between the disposal proceeds and the carrying value of the asset and is credited or charged to the statement of comprehensive income.

| Stocks

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

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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 statement of financial position date.

CREST LIFTS LIMITED (REGISTERED NUMBER: 02220215)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Cash and cash equivalents

| Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within the borrowings in current liabilities.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 42 (2024 - 35 ) .

CREST LIFTS LIMITED (REGISTERED NUMBER: 02220215)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2025 | 11,362 |  | 1,534 |  | 60,557 |  | 945,088 |  | 1,018,541 |  |

| Additions | - |  | - |  | - |  | 223,102 |  | 223,102 |  |

| Disposals | - |  | - |  | - |  | (57,612 | ) | (57,612 | ) |

| At 31 December 2025 | 11,362 |  | 1,534 |  | 60,557 |  | 1,110,578 |  | 1,184,031 |  |

| DEPRECIATION

| At 1 January 2025 | 11,362 |  | 1,534 |  | 60,557 |  | 414,260 |  | 487,713 |  |

| Charge for year | - |  | - |  | - |  | 255,376 |  | 255,376 |  |

| Eliminated on disposal | - |  | - |  | - |  | (50,352 | ) | (50,352 | ) |

| At 31 December 2025 | 11,362 |  | 1,534 |  | 60,557 |  | 619,284 |  | 692,737 |  |

| NET BOOK VALUE

| At 31 December 2025 | - |  | - |  | - |  | 491,294 |  | 491,294 |  |

| At 31 December 2024 | - |  | - |  | - |  | 530,828 |  | 530,828 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 January 2025 | 567,981 |  |

| Additions | 174,627 |  |

| Transfer to ownership | (68,760 | ) |

| At 31 December 2025 | 673,848 |  |

| DEPRECIATION

| At 1 January 2025 | 235,687 |  |

| Charge for year | 166,777 |  |

| Transfer to ownership | (68,760 | ) |

| At 31 December 2025 | 333,704 |  |

| NET BOOK VALUE

| At 31 December 2025 | 340,144 |  |

| At 31 December 2024 | 332,294 |  |

CREST LIFTS LIMITED (REGISTERED NUMBER: 02220215)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 1,149,898 |  | 1,576,814 |  |

| Amounts owed by group undertakings | 953,497 |  | 1,743,539 |  |

| Other debtors | 118,433 |  | 178,716 |  |

2,221,828 |  | 3,499,069 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 149,065 |  | 112,955 |  |

| Trade creditors | 831,838 |  | 1,055,588 |  |

| Amounts owed to group undertakings | 96,880 |  | - |  |

| Taxation and social security | 548,636 |  | 531,387 |  |

| Other creditors | 2,239,595 |  | 3,457,611 |  |

3,866,014 |  | 5,157,541 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 174,828 |  | 181,739 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 323,893 |  | 294,694 |  |

| Hire purchase liabilities are secured on the assets acquired thereunder.

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Neil Smith BSc FCA (Senior Statutory Auditor)

| for and on behalf of Folkes Worton LLP

10. | ULTIMATE PARENT COMPANY

| The ultimate parent company is Provident Lifts Limited.