Swansea Lift Repair & Service Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 04321671 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

SWANSEA LIFT REPAIR & SERVICE LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Stuart Boocock

Mrs Isabel Ann Boocock

SECRETARY:

Mrs Isabel Ann Boocock

REGISTERED OFFICE:

Beckside House

Pitt Street

Keighley

West Yorkshire

BD21 4PF

REGISTERED NUMBER:

04321671 (England and Wales)

ACCOUNTANTS:

Syers McGill

9 Kerry Street

Horsforth

Leeds

West Yorkshire

LS18 4AW

FIXED ASSETS

Tangible assets

4

14,974

20,136

CURRENT ASSETS

Stocks

4,125

3,000

Debtors

5

80,369

222,841

Cash at bank and in hand

119,300

84,714

203,794

310,555

CREDITORS

Amounts falling due within one year

6

114,134

215,992

NET CURRENT ASSETS

89,660

94,563

TOTAL ASSETS LESS CURRENT
LIABILITIES

104,634

114,699

CREDITORS

Amounts falling due after more than one
year

7

-

(12,124

)

PROVISIONS FOR LIABILITIES

8

(3,776

)

(5,097

)

NET ASSETS

100,858

97,478

CAPITAL AND RESERVES

Called up share capital

9

102

Retained earnings

10

100,756

97,376

SHAREHOLDERS' FUNDS

100,858

97,478

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 30 September 2026 and were signed on its behalf by:

Mr Stuart Boocock - Director

1.	STATUTORY INFORMATION

Swansea Lift Repair & Service Ltd. 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.	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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 January 2025

and 31 December 2025

2,493

12,470

20,833

35,796

DEPRECIATION

At 1 January 2025

2,493

12,299

868

15,660

Charge for year

-

171

4,991

5,162

At 31 December 2025

2,493

12,470

5,859

20,822

NET BOOK VALUE

At 31 December 2025

-

14,974

At 31 December 2024

-

171

19,965

20,136

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

29,233

13,328

Due from related undertaking

51,136

209,513

80,369

222,841

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade creditors

21

607

Tax

5,906

12,888

Social security and other taxes

13,319

31,153

Other creditors

56,014

57,149

Bank loans

-

36,000

Directors' current accounts

-

17,250

Accruals and deferred income

38,874

60,945

114,134

215,992

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.25

31.12.24

£

Bank loans

-

12,124

8.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

Deferred tax

3,776

5,097

Deferred

tax

£

Balance at 1 January 2025

5,097

Credit to income statement

(1,321

)

during year

Balance at 31 December 2025

3,776

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

100

Ordinary

1

100

2

Ordinary A

1

2

102

10.

RESERVES

Retained

earnings

£

At 1 January 2025

97,376

Profit for the year

79,380

Dividends

(76,000

)

At 31 December 2025

100,756

11.	RELATED PARTY DISCLOSURES

The company is related to Keighley Lifts UK Limited but virtue of common control.

At the year end, the company was owed £51,136 (2024: £209,513) from Keighley Lifts UK Limited.

12.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its directors.