REGISTERED NUMBER: 06001357 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Northern Elevator Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A Baul

Mrs M J Wells

REGISTERED OFFICE:

3 Diamond Court

Kingston Park

Newcastle Upon Tyne

Tyne and Wear

NE3 2EN

REGISTERED NUMBER:

06001357 (England and Wales)

AUDITORS:

PB Associates

Chartered Accountants and Chartered Tax Advisers

2 Castle Business Village

Station Road

Hampton

Middlesex

TW12 2BX

FIXED ASSETS

Tangible assets

4

90,402

72,076

CURRENT ASSETS

Stocks

107,248

165,575

Debtors

5

432,422

477,794

Cash at bank

256,761

339,361

796,431

982,730

CREDITORS

Amounts falling due within one year

6

507,606

639,793

NET CURRENT ASSETS

288,825

342,937

TOTAL ASSETS LESS CURRENT LIABILITIES

379,227

415,013

CREDITORS

Amounts falling due after more than one year

7

-

(2,792

)

PROVISIONS FOR LIABILITIES

9

(22,600

)

(18,019

)

NET ASSETS

356,627

394,202

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

11

356,527

394,102

SHAREHOLDERS' FUNDS

356,627

394,202

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 2 April 2026 and were signed on its behalf by:

Mrs M J Wells - Director

1.	STATUTORY INFORMATION

Northern Elevator 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

Tangible fixed assets

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

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost and 25% on reducing balance

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 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

Going concern

The financial statements have been prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs.

The directors have considered a period of twelve months from the date of approval of the financial statements and believe that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases. Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2024 - 38 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

187,051

58,392

245,443

Additions

-

66,973

66,973

Disposals

(72,436

)

-

(72,436

)

At 31 December 2025

114,615

125,365

239,980

DEPRECIATION

At 1 January 2025

124,744

48,623

173,367

Charge for year

17,780

14,696

32,476

Eliminated on disposal

(56,265

)

-

(56,265

)

At 31 December 2025

86,259

63,319

149,578

NET BOOK VALUE

At 31 December 2025

28,356

62,046

90,402

At 31 December 2024

62,307

9,769

72,076

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

239,280

448,207

Amounts owed by group undertakings

129,922

-

Other debtors

63,220

29,587

432,422

477,794

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

2,068

17,090

Trade creditors

82,934

196,188

Amounts owed to group undertakings

51,341

-

Taxation and social security

78,727

73,636

Other creditors

292,536

352,879

507,606

639,793

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Hire purchase contracts

-

2,792

8.	SECURED DEBTS

The bank loans and hire purchase creditors are secured on the assets of the company.

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

22,600

18,019

Deferred

tax

£

Balance at 1 January 2025

18,019

Charge to Income Statement during year

4,581

Balance at 31 December 2025

22,600

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1.00

100

100

11.

RESERVES

Retained

earnings

£

At 1 January 2025

394,102

Deficit for the year

(37,575

)

At 31 December 2025

356,527

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

The Report of the Auditors was unqualified.

Mr Ashfaq Sharif (Senior Statutory Auditor)

for and on behalf of PB Associates

13.	ULTIMATE CONTROLLING PARTY

Lodige (United Kingdom) Ltd is the parent undertaking of Northern Elevator Limited. The registered address of the parent company is Floor 2, Chertsey Gate East, London Street, Chertsey, Surrey, England, KT16 8AP.

Lodige Industries Gmbh is the parent undertaking of the group within which Northern Elevator Limited belongs.

The registered address of the parent company is Wilhelm, Wilhelm-Lodige Strate 1, 34414, Warburg, Germany.