Lift Complex Ltd - Filleted accounts

Registered number

05524069

Lift Complex Ltd

Filleted Accounts

31 August 2025

Lift Complex Ltd
Registered number:		05524069
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		3,078			4,995

Current assets
Debtors	4	22,254			22,449
Cash at bank and in hand		22,591			1,884
		44,845			24,333

Creditors: amounts falling due within one year	5	(17,508)			(25,511)

Net current assets/(liabilities)			27,337			(1,178)

Total assets less current liabilities			30,415			3,817

Creditors: amounts falling due after more than one year	6		(19,160)			(24,567)

Provisions for liabilities			(584)			(948)


Net assets/(liabilities)			10,671			(21,698)

Capital and reserves
Called up share capital			100			100
Profit and loss account			10,571			(21,798)

Shareholders' funds			10,671			(21,698)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Maciej Mielcarek
Director
Approved by the board on 12 May 2026

Lift Complex Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Plant and machinery	over 4 years
	Fixtures, fittings, tools and equipment	over 4 years

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Current and deferred tax liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			7		7


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 September 2024	4,949		7,245		12,194
	At 31 August 2025	4,949		7,245		12,194

	Depreciation
	At 1 September 2024	4,120		3,079		7,199
	Charge for the year	468		1,449		1,917
	At 31 August 2025	4,588		4,528		9,116

	Net book value
	At 31 August 2025	361		2,717		3,078
	At 31 August 2024	829		4,166		4,995


4	Debtors			2025		2024
£					£

	Trade debtors			16,952		19,541
	Other debtors			5,302		2,908
				22,254		22,449


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,000		10,000
	Obligations under finance lease and hire purchase contracts			1,566		3,393
	Trade creditors			1,067		5,296
	Taxation and social security costs			4,875		6,822
				17,508		25,511


6	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			19,160		24,567


7	Other information

	Lift Complex Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	126 Whittock Road
	Bristol
	BS14 8DF