Acute New Elevators Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—9

1. General Information

Acute New Elevators Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14588754 . The registered office is 2 Space Business Centre, Knight Road, Strood, Kent, ME2 2BF.

The presentation currency of the financial statements is the Pound Sterling (£).

2. Accounting Policies

2.1. Basis of Preparation of 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.

2.2. Significant judgements and estimations

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from this estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised were the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

2.3. Turnover

Turnover is recognised at fair value of the consideration received or receivable for goods and services provided 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.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

2.4. Intangible Fixed Assets and Amortisation - Other Intangible

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Other are being amortised evenly over their estimated useful life of nil years.

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Acute New Elevators Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.5. Tangible Fixed Assets and Depreciation

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

Plant & Machinery	25% on reducing balance
Motor Vehicles	25% on reducing balance
Computer Equipment	25% on reducing balance

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

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 and loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discontinued to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash generating unit) in prior years. A reversal of impairment loss is recognised immediately in profit and loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

2.6. Leasing and Hire Purchase Contracts

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 if 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 and loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2.7. Stocks and Work in Progress

Stocks 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 stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement costs, 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 stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in profit and loss.

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Acute New Elevators Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.8. Financial Instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts, discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognises at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective rate of interest method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction pice and subsequently measured at amortised cost using the effective interest method.

2.9. Foreign Currencies

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2.10. Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

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 is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

...CONTINUED

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Acute New Elevators Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

2.10. Taxation - continued

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. 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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled of the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.s or other future taxable profits.

2.11. Pensions

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.

2.12. 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 cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

2.13. 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.

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.

2.14. Factoring of debt

The company had adopted the separate disclosure method for the factoring of its trade debtors. The gross amount of the debt is disclosed on the balance sheet with trade debtors and the corresponding liability to the debt factor in respect of advances made is disclosed within creditors. Interest and factoring charges are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2025: 10)

4. Tax on Profit

	Tax Rate		2026	2025
	2026	2025	£	£
Current tax
UK Corporation Tax	19.0%	19.0%	7,520	5,287
Deferred Tax
Deferred taxation			(17 )	708


Total tax charge for the period			7,503	5,995

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Acute New Elevators Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

	2026	2025
	£	£
Profit before tax	35,847	20,006

Breakdown of tax charge is:
Tax on profit at 19% (UK standard rate)	7,520	5,287
Short term timing differences	(17 )	708

Total tax charge for the period	7,503	5,995

5. Intangible Assets

	Other
	£
Cost
As at 1 February 2025	500

As at 31 January 2026	500

Amortisation
As at 1 February 2025	100
Provided during the period	50

As at 31 January 2026	150

Net Book Value
As at 31 January 2026	350

As at 1 February 2025	400

6. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 February 2025	900	1,000	3,965	5,865
Additions	-	-	2,214	2,214

As at 31 January 2026	900	1,000	6,179	8,079

Depreciation
As at 1 February 2025	394	438	1,307	2,139
Provided during the period	126	140	2,039	2,305

As at 31 January 2026	520	578	3,346	4,444

Net Book Value
As at 31 January 2026	380	422	2,833	3,635

As at 1 February 2025	506	562	2,658	3,726

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Acute New Elevators Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

7. Stocks

	2026	2025
	£	£
Stock	32,141	32,141
Work in progress	-	90,984

	32,141	123,125

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	140,594	130,906
Other debtors	26,972	14,730

	167,566	145,636

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	117,679	121,484
Other loans	24,763	12,260
Other creditors	10,548	21,811
Taxation and social security	36,175	69,542

	189,165	225,097

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Bank loans	12,286	-
Other loans	-	86,026

	12,286	86,026

11. Provisions for Liabilities


	Deferred Tax	Total
	£	£
As at 1 February 2025	708	708
Deferred taxation	(17 )	(17 )

Balance at 31 January 2026	691	691

12. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

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Acute New Elevators Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

13. Ultimate Controlling Party

The ultimate controlling party is Mr Nigel Peter Lambert.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	5		350		400
Tangible Assets	6		3,635		3,726

			3,985		4,126
CURRENT ASSETS
Stocks	7	32,141		123,125
Debtors	8	167,566		145,636
Cash at bank and in hand		48,860		61,010

		248,567		329,771
Creditors: Amounts Falling Due Within One Year	9	(189,165 )		(225,097 )

NET CURRENT ASSETS (LIABILITIES)			59,402		104,674

TOTAL ASSETS LESS CURRENT LIABILITIES			63,387		108,800

Creditors: Amounts Falling Due After More Than One Year	10		(12,286 )		(86,026 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(691 )		(708 )

NET ASSETS			50,410		22,066

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			50,310		21,966

SHAREHOLDERS' FUNDS			50,410		22,066