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Registered number: 02182413
Premier Lifts Limited
Unaudited Financial Statements
For The Year Ended 31 March 2026
Shroff Accountancy
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02182413
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 50,424 34,191
50,424 34,191
CURRENT ASSETS
Stocks 5 5,275 5,275
Debtors 6 578,901 577,526
Cash at bank and in hand 164,659 273,273
748,835 856,074
Creditors: Amounts Falling Due Within One Year 7 (322,055 ) (359,639 )
NET CURRENT ASSETS (LIABILITIES) 426,780 496,435
TOTAL ASSETS LESS CURRENT LIABILITIES 477,204 530,626
PROVISIONS FOR LIABILITIES
Deferred Taxation (5,968 ) (7,615 )
NET ASSETS 471,236 523,011
CAPITAL AND RESERVES
Called up share capital 8 15 15
Capital redemption reserve 15 15
Profit and Loss Account 471,206 522,981
SHAREHOLDERS' FUNDS 471,236 523,011
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For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Scott Larkin
Director
23/09/2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Premier Lifts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02182413 . The registered office is Harrow Lodge House, Hornchurch Road, Hornchurch, RM11 1JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 25% on reducing balance / 20% straight line
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 15% on reducing balance
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on 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. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. 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. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 10 (2025: 10)
10 10
4. Tangible Assets
Land & Property
Leasehold Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2025 6,143 25,490 31,276 62,909
Additions - 25,900 - 25,900
As at 31 March 2026 6,143 51,390 31,276 88,809
Depreciation
As at 1 April 2025 1,954 5,310 21,454 28,718
Provided during the period 1,378 7,203 1,086 9,667
As at 31 March 2026 3,332 12,513 22,540 38,385
Net Book Value
As at 31 March 2026 2,811 38,877 8,736 50,424
As at 1 April 2025 4,189 20,180 9,822 34,191
5. Stocks
2026 2025
£ £
Stock 5,275 5,275
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 141,083 136,790
Amounts owed by group undertakings 408,940 408,740
Other debtors 28,878 31,996
578,901 577,526
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 88,219 106,410
Other creditors 168,436 175,650
Taxation and social security 65,400 77,579
322,055 359,639
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8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 15 15
9. Ultimate Controlling Party
The company's ultimate controlling party is Kinsman Elevators Limited by virtue of its ownership of 100% of the issued share capital in the company.
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