REGISTERED NUMBER: 03013419 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

ASCENT LIFT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R P Downs

D Robertson

SECRETARY:

R P Downs

REGISTERED OFFICE:

Unit 4, Hove Enterprise Centre

Basin Road North

Portslade

East Sussex

BN41 1UY

REGISTERED NUMBER:

03013419 (England and Wales)

ACCOUNTANTS:

Galloways Accounting (Hove) Limited

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

748

1,340

CURRENT ASSETS

Debtors

5

122,833

99,176

Cash at bank

490,592

355,617

613,425

454,793

CREDITORS

Amounts falling due within one year

6

181,897

147,032

NET CURRENT ASSETS

431,528

307,761

TOTAL ASSETS LESS CURRENT LIABILITIES

432,276

309,101

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

432,176

309,001

SHAREHOLDERS' FUNDS

432,276

309,101

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2026 and were signed on its behalf by:

R P Downs - Director

D Robertson - Director

1.	STATUTORY INFORMATION

Ascent Lift Services 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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

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

-

25% on cost

Computer equipment

-

33% on cost

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.

Deferred tax

Deferred taxation is provided in full on timing differences which represent a liability at the balance sheet date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in financial statements. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset. Deferred tax assets and liabilities are not discounted.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2025

15,555

3,820

19,375

Additions

-

114

114

At 31 December 2025

15,555

3,934

19,489

DEPRECIATION

At 1 January 2025

15,555

2,480

18,035

Charge for year

-

706

706

At 31 December 2025

15,555

3,186

18,741

NET BOOK VALUE

At 31 December 2025

-

748

748

At 31 December 2024

-

1,340

1,340

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

101,330

73,847

Prepayments

21,503

25,329

122,833

99,176

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

5,223

Trade creditors

23,838

45,306

Tax

73,160

51,828

Social security and other taxes

23,541

19,791

VAT

34,180

4,644

Deferred income

24,702

17,930

Accrued expenses

2,476

2,310

181,897

147,032

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R P Downs.

This was by virtue of his 75% holding of the issued share capital.