Eternal Elevators Ltd - Filleted accounts

Registered number

SC459710

Eternal Elevators Ltd

Unaudited Filleted Accounts

29 September 2025

Eternal Elevators Ltd
Registered number:		SC459710
Balance Sheet
as at 29 September 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		168,805			189,763

Current assets
Stocks		25,000			25,270
Debtors	4	330,015			336,070
Cash at bank and in hand		292,418			356,347
		647,433			717,687

Creditors: amounts falling due within one year	5	(483,244)			(494,075)

Net current assets			164,189			223,612

Total assets less current liabilities			332,994			413,375

Creditors: amounts falling due after more than one year	6		(161,345)			(136,091)

Provisions for liabilities			(6,481)			(18,598)


Net assets			165,168			258,686

Capital and reserves
Called up share capital			100			100
Profit and loss account			165,068			258,586

Shareholders' funds			165,168			258,686

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.




M Sargeant
Director
Approved by the board on 27 February 2026

Eternal Elevators Ltd
Notes to the Accounts
for the year ended 29 September 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. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	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 3 years
	Vehicles	over 3 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
	Work in progress is valued at the estimated cost of work completed at the balance sheet date.

	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. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and 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. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	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			17		17


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 30 September 2024	41,113		378,732		419,845
	Additions	7,474		94,612		102,086
	At 29 September 2025	48,587		473,344		521,931

	Depreciation
	At 30 September 2024	31,669		198,413		230,082
	Charge for the year	7,342		115,702		123,044
	At 29 September 2025	39,011		314,115		353,126

	Net book value
	At 29 September 2025	9,576		159,229		168,805
	At 29 September 2024	9,444		180,319		189,763


4	Debtors			2025		2024
£					£

	Trade debtors			311,690		236,657
	Other debtors			18,325		99,413
				330,015		336,070


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

	The hire purchase contracts are secured on the assets concerned.			58,776		43,886
	Trade creditors			87,692		123,290
	Taxation and social security costs			160,504		117,553
	Other creditors			176,272		209,346
				483,244		494,075

	The hire purchase contracts are secured on the assets concerned.


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

	Obligations under finance lease and hire purchase contracts			161,345		136,091

	The hire purchase contracts are secured on the assets concerned.


7	Capital commitments			2025		2024
£					£

	Amounts contracted for but not provided in the accounts			-		73,373


8	Pension commitments

	The company operates a defined contribution pension scheme. The assets of the scheme are held seperately from those fo the company in an independently administered fund. At the balance sheet date unpaid contributions of £898 (2024: £547) were due to the fund. They are included in Other creditors (see note 5).


9	Other financial commitments			2025		2024
£					£

	Total future minimum payments under non-cancellable operating leases			7,069		8,607


10	Related party transactions

	During the year dividends of £79,500 were paid to each director (2024: £79,500). At the balance sheet date, each director had a loan balance of £76,379 (2024:£54,547) due to them by the company. Both loans are unsecured, interest free and repayable on demand. They are included in other creditors at the year end (see note 5)


11	Other information

	Eternal Elevators Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Pinnacle House
	Suites 16, 17, 19, 20 & 20A
	Mill Road Industrial Estate
	Linlithgow
	EH49 7SF