Registration number: 07715714

Professional Elevators Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

Professional Elevators Limited

Company Information

Directors

B Avers R Avers

Registered office

Suite 6, Chequers Barn Chequers Hill Bough Beech Kent TN8 7PD

Professional Elevators Limited

(Registration number: 07715714)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Tangible assets	4	64,167	63,368
Current assets
Debtors	5	352,949	307,578
Cash at bank and in hand		117,281	64,974
		470,230	372,552
Creditors: Amounts falling due within one year	6	(257,811)	(214,151)
Net current assets		212,419	158,401
Total assets less current liabilities		276,586	221,769
Creditors: Amounts falling due after more than one year	6	(15,217)	(13,265)
Provisions for liabilities		(14,627)	(14,144)
Net assets		246,742	194,360
Capital and reserves
Called up share capital		100	100
Retained earnings		246,642	194,260
Shareholders' funds		246,742	194,360

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Professional Elevators Limited

(Registration number: 07715714)
Balance Sheet as at 31 March 2026 (continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 October 2026 and signed on its behalf by:
 

B Avers Director

R Avers Director

Professional Elevators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 6, Chequers Barn
Chequers Hill
Bough Beech
Kent
TN8 7PD

The principal place of business is:
Unit C Altbarn Industrial Estate
Revenge Road
Lordswood
Chatham
Kent
ME5 8UD

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Professional Elevators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Revenue recognition

Turnover is measured at the fair value of the consideration received and receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company provides comprehensive installation, modernisation and repairs to lifts, in the commercial, public and private sectors. When the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion, the company recognises revenue on the sale of services in the reporting period in which the services are rendered by reference to the stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered.

When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold improvements	straigh line over the term of the lease
Office equipment	20% straight line
Plant and machinery	20% straight line
Motor vehicles	25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Professional Elevators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs.
Interest-bearing borrowings are subsequently carried at amorised cost, with the difference between
the proceeds, net of transaction costs, and the amount due on redemption being recognised as a
charge to the Profit & Loss Account ovee the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest
payable and similar charges

Borrowings are classified as current liabilities unless the company has an unconditional right to defer
settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the
risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the
lease and the present value of the minimum lease payments. These assets are depreciated on a
straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding
liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Proft and Loss Account and reduction
of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of
the liability.

Professional Elevators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

2	Accounting policies (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2025 - 13).

Professional Elevators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

4	Tangible assets

	Leasehold improvements £	Office equipment £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2025	29,993	4,950	14,872	94,189	144,004
Additions	4,671	844	6,010	22,995	34,520
Disposals	-	(855)	-	(12,999)	(13,854)
At 31 March 2026	34,664	4,939	20,882	104,185	164,670
Depreciation
At 1 April 2025	4,284	2,443	6,054	67,854	80,635
Charge for the year	4,952	1,103	4,058	20,359	30,472
Eliminated on disposal	-	(855)	-	(9,749)	(10,604)
At 31 March 2026	9,236	2,691	10,112	78,464	100,503
Carrying amount
At 31 March 2026	25,428	2,248	10,770	25,721	64,167
At 31 March 2025	25,709	2,506	8,818	26,335	63,368

5

Debtors

Current	2026 £	2025 £
Trade debtors	166,673	109,092
Other debtors	163,214	167,432
Prepayments	23,062	31,054
	352,949	307,578

Other debtors includes an amount of £6,500 (2025 - £6,500) falling due after more than one year.

Professional Elevators Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026 (continued)

6

Creditors

Creditors: amounts falling due within one year

		2026 £	2025 £
Due within one year
Loans and borrowings	7	14,157	14,399
Trade creditors		4,717	27,908
Taxation and social security		164,639	135,996
Other creditors		11,373	14,003
Accruals and deferred income		62,925	21,845
		257,811	214,151