REGISTERED NUMBER: 12297676 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

PR Lift Equipment Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Directors:

L Rushforth

A P Phillipson

Registered office:

114-120 Northgate Street

Chester

CH1 2HT

Registered number:

12297676 (England and Wales)

Accountants:

Ellis & Co

Chartered Accountants

114-120 Northgate Street

Chester

CH1 2HT

Fixed assets

Tangible assets

4

5,437

9,161

Current assets

Stocks

69,264

58,641

Debtors

5

244,869

240,875

Cash at bank

32,775

31,982

346,908

331,498

Creditors

Amounts falling due within one year

6

267,944

275,349

Net current assets

78,964

56,149

Total assets less current liabilities

84,401

65,310

Creditors

Amounts falling due after more than one year

7

-

(7,340

)

Provisions for liabilities

9

(1,359

)

(2,290

)

Net assets

83,042

55,680

Capital and reserves

Called up share capital

2,000

2,000

Retained earnings

81,042

53,680

83,042

55,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 April 2026 and were signed on its behalf by:

L Rushforth - Director

1.	Statutory information

PR Lift Equipment 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

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

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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.

3.	Employees and directors

The average number of employees during the year was 6 (2024 - 7 ) .

4.	Tangible fixed assets

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

Cost

At 1 December 2024

13,481

1,598

6,089

21,168

Additions

-

-

754

754

At 30 November 2025

13,481

1,598

6,843

21,922

Depreciation

At 1 December 2024

6,830

975

4,202

12,007

Charge for year

2,687

319

1,472

4,478

At 30 November 2025

9,517

1,294

5,674

16,485

Net book value

At 30 November 2025

3,964

304

1,169

5,437

At 30 November 2024

6,651

623

1,887

9,161

5.

Debtors: amounts falling due within one year

30/11/25

30/11/24

£

£

Trade debtors

243,170

239,176

Other debtors

1,699

1,699

244,869

240,875

6.

Creditors: amounts falling due within one year

30/11/25

30/11/24

£

£

Bank loans and overdrafts

4,587

6,176

Hire purchase contracts

3,148

3,303

Trade creditors

137,796

130,269

Taxation and social security

65,043

65,981

Other creditors

57,370

69,620

267,944

275,349

7.

Creditors: amounts falling due after more than one year

30/11/25

30/11/24

£

£

Bank loans

-

4,697

Hire purchase contracts

-

2,643

-

7,340

8.	Secured debts

The following secured debts are included within creditors:

30/11/25

30/11/24

£

£

Hire purchase contracts

3,148

5,946

Hire purchase contracts are secured on the underlying assets.

9.	Provisions for liabilities

30/11/25

30/11/24

£

£

Deferred tax

1,359

2,290

Deferred

tax

£

Balance at 1 December 2024

2,290

Credit to Statement of Income and Retained Earnings during year

(931

)

Balance at 30 November 2025

1,359

10.	Related party disclosures

The directors have made loans to the company. The balance on these loans at 30 November 2025 was £55,138 (2024 - £67,492). These loans are interest-free and repayable on demand.