The General Lift Company Limited
Unaudited Financial Statements
For the year ended 31 October 2025
Pages for Filing with Registrar
Company Registration No. 02016081 (England and Wales)
The General Lift Company Limited
Company Information
Director
Mr D. A. Powis
Secretary
Ms J L Bennett
Company number
02016081
Registered office
Unit 5
The Paddocks
Wood Street
Swanley Village
Kent
BR8 7PA
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
The General Lift Company Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
The General Lift Company Limited
Balance Sheet
As at 31 October 2025
Page 1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
20,103
3,819
Current assets
Stock
25,000
132,500
Debtors
4
729,015
822,672
Cash at bank and in hand
91,097
122,448
845,112
1,077,620
Creditors: amounts falling due within one year
5
(401,863)
(639,666)
Net current assets
443,249
437,954
Total assets less current liabilities
463,352
441,773
Creditors: amounts falling due after more than one year
6
-
0
(11,671)
Provisions for liabilities
(1,176)
(956)
Net assets
462,176
429,146
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
462,076
429,046
Total equity
462,176
429,146
The General Lift Company Limited
Balance Sheet (Continued)
As at 31 October 2025
Page 2

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 9 June 2026
Mr D. A. Powis
Director
Company Registration No. 02016081
The General Lift Company Limited
Notes to the Financial Statements
For the year ended 31 October 2025
Page 3
1
Accounting policies
Company information

The General Lift Company Limited is a private company limited by shares incorporated in England and Wales. The registered office and principal place of business is Unit 5, The Paddocks, Wood Street, Swanley Village, Kent, BR8 7PA.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable true future and for a period of at least 12 months following the approval of these financial statements. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided for the installation, servicing and maintenance of lifts in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
20% straight line
Plant and machinery
20% straight line
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

The General Lift Company Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
Page 4
1.5
Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.

Stock held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
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 borrowings in current liabilities.

1.7
Financial instruments

The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The General Lift Company Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
Page 5
1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was: 11 (2024: 1 1).

3
Tangible fixed assets
Leasehold improvements
Plant and machinery etc
Total
£
£
£
Cost
At 1 November 2024
10,442
28,088
38,530
Additions
19,251
2,128
21,379
Disposals
(10,442)
-
0
(10,442)
At 31 October 2025
19,251
30,216
49,467
Depreciation and impairment
At 1 November 2024
10,442
24,269
34,711
Depreciation charged in the year
3,850
1,245
5,095
Eliminated in respect of disposals
(10,442)
-
0
(10,442)
At 31 October 2025
3,850
25,514
29,364
Carrying amount
At 31 October 2025
15,401
4,702
20,103
At 31 October 2024
-
0
3,819
3,819
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
170,143
378,550
Other debtors
44,246
83,430
Prepayments and accrued income
514,626
360,692
729,015
822,672
The General Lift Company Limited
Notes to the Financial Statements (Continued)
For the year ended 31 October 2025
Page 6
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
11,666
19,996
Trade creditors
105,899
283,928
Corporation tax
20,919
47,879
Other taxation and social security
55,647
114,492
Other creditors
207,732
173,371
401,863
639,666
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
11,671
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
8
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
21,822
24,908
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