REGISTERED NUMBER: 04327176 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

LIFTWORKS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs JK Lines

Mr LA Lines

Mr J Brown

Mr P Hann

Mr P Juan

Miss A O'Rourke

Mr S Gunning

SECRETARY:

Miss A O'Rourke

REGISTERED OFFICE:

Unit 6 Deacon Trading Estate

Knight Road

Strood

Kent

ME2 2AU

REGISTERED NUMBER:

04327176 (England and Wales)

ACCOUNTANTS:

Elliott, Mortlock, Busby & Co Limited

12 High Street

Stanford le Hope

Essex

SS17 0EY

FIXED ASSETS

Intangible assets

5

17,689

-

Tangible assets

6

552,637

661,390

570,326

661,390

CURRENT ASSETS

Stocks

7

418,100

394,725

Debtors

8

2,802,097

3,373,040

Cash at bank

2,834,736

1,346,835

6,054,933

5,114,600

CREDITORS

Amounts falling due within one year

9

3,083,768

2,227,734

NET CURRENT ASSETS

2,971,165

2,886,866

TOTAL ASSETS LESS CURRENT LIABILITIES

3,541,491

3,548,256

CREDITORS

Amounts falling due after more than one year

10

-

(443

)

PROVISIONS FOR LIABILITIES

12

(125,890

)

(152,295

)

NET ASSETS

3,415,601

3,395,518

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

3,415,501

3,395,418

SHAREHOLDERS' FUNDS

3,415,601

3,395,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 28 August 2026 and were signed on its behalf by:

Mrs JK Lines - Director

1.	STATUTORY INFORMATION

Liftworks 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.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of goods and services in the ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured,

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

Turnover for contracted services is recognised by reference to the stage of completion at the balance sheet date.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2007, was fully amortised over its estimated useful life of five years.

Intangible assets

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 intangible assets are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

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

Capital expenditure on premises

-

10% straight line basis

Plant and equipment

-

25% on reducing balance

Fixtures, fittings and office equipment

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Financial instruments

A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. Basic financial instruments are initially recognised at transaction price and then subsequently at amortised cost with the exception of equity investments that are initially measured at fair value (being the transaction price excluding any transaction costs) with subsequent measurements at fair value, with changes recognised in profit and loss.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Pension costs and other post-retirement benefits

The company operates two defined contribution pension schemes and the pension charge represents the amounts payable by the company to the funds in respect of the year.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 61 (2025 - 57 ) .

5.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 June 2025

2,650

-

2,650

Additions

-

20,630

20,630

At 31 May 2026

2,650

20,630

23,280

AMORTISATION

At 1 June 2025

2,650

-

2,650

Charge for year

-

2,941

2,941

At 31 May 2026

2,650

2,941

5,591

NET BOOK VALUE

At 31 May 2026

-

17,689

17,689

At 31 May 2025

-

-

-

6.	TANGIBLE FIXED ASSETS

Fixtures,

Capital

fittings

expenditure

and

on

Plant and

office

Motor

premises

equipment

equipment

vehicles

Totals

£

£

£

£

£

COST

At 1 June 2025

92,008

100,349

115,907

809,555

1,117,819

Additions

10,044

-

4,401

46,524

60,969

Disposals

-

-

-

(47,243

)

(47,243

)

At 31 May 2026

102,052

100,349

120,308

808,836

1,131,545

DEPRECIATION

At 1 June 2025

30,400

52,424

44,019

329,586

456,429

Charge for year

7,596

11,984

18,316

123,562

161,458

Eliminated on disposal

-

-

-

(38,979

)

(38,979

)

At 31 May 2026

37,996

64,408

62,335

414,169

578,908

NET BOOK VALUE

At 31 May 2026

64,056

35,941

57,973

394,667

552,637

At 31 May 2025

61,608

47,925

71,888

479,969

661,390

7.

STOCKS

2026

2025

£

£

Stocks

5,100

5,200

Work-in-progress

413,000

389,525

418,100

394,725

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

1,306,550

2,361,900

Amounts recoverable on contract

286,022

389,621

Other debtors

1,209,525

621,519

2,802,097

3,373,040

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Bank loans and overdrafts

-

10,000

Trade creditors

850,808

716,066

Corporation tax

171,094

161,518

Social security and other taxes

545,150

478,478

Other creditors

81,380

53,643

Directors' current accounts

312

1,696

Deferred income

1,435,024

806,333

3,083,768

2,227,734

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bank loans - 1-2 years

-

443

11.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2026

2025

£

£

Within one year

76,754

74,485

Between one and five years

29,659

60,648

106,413

135,133

12.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

125,890

152,295

Deferred

tax

£

Balance at 1 June 2025

152,295

Credit to Income Statement during year

(26,405

)

Balance at 31 May 2026

125,890

The provision for deferred taxation is made up of accelerated capital allowances.

13.	PENSION COMMITMENTS

The company operates two defined contribution pension schemes, for the employees and directors. The assets of the schemes are held separately from those of the company in independently administered funds. At the balance sheet date there were £23,994 of unpaid contributions (2025: £22,891).

14.	RELATED PARTY DISCLOSURES

Included in other debtors is a loan of £1,148,046 (2025: £564,046) to a company under the control of the directors. The loan is interest free and repayable on demand.