My Lifts (Glasgow) Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC777571 (Scotland)

Financial Statements for the Year Ended 31 August 2026

for

My Lifts (Glasgow) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Gillespie

Y M Fisher

REGISTERED OFFICE:

C/O Rennie Smith & Co

1160 Tollcross Road

Glasgow

G32 8HE

REGISTERED NUMBER:

SC777571 (Scotland)

FIXED ASSETS

Tangible assets

4

4,996

6,926

CURRENT ASSETS

Debtors

5

21,210

30,108

Cash at bank

52,418

30,649

73,628

60,757

CREDITORS

Amounts falling due within one year

6

21,711

18,362

NET CURRENT ASSETS

51,917

42,395

TOTAL ASSETS LESS CURRENT
LIABILITIES

56,913

49,321

PROVISIONS FOR LIABILITIES

1,249

1,732

NET ASSETS

55,664

47,589

CAPITAL AND RESERVES

Called up share capital

7

1

Retained earnings

8

55,663

47,588

SHAREHOLDERS' FUNDS

55,664

47,589

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 2 November 2026 and were signed on its behalf by:

M Gillespie - Director

1.	STATUTORY INFORMATION

My Lifts (Glasgow) Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Plant and machinery

-

33% on cost

Motor vehicles

-

33% on reducing balance

Computer equipment

-

33% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 September 2025

78

15,208

212

15,498

Additions

-

625

At 31 August 2026

78

15,208

837

16,123

DEPRECIATION

At 1 September 2025

51

8,381

140

8,572

Charge for year

26

2,253

276

2,555

At 31 August 2026

77

10,634

416

11,127

NET BOOK VALUE

At 31 August 2026

1

4,574

421

4,996

At 31 August 2025

27

6,827

72

6,926

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

14,296

7,553

Other debtors

6,914

22,555

21,210

30,108

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

587

160

Taxation and social security

9,977

10,950

Other creditors

11,147

7,252

21,711

18,362

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

1

Ordinary

1

8.

RESERVES

Retained

earnings

£

At 1 September 2025

47,588

Profit for the year

40,075

Dividends

(32,000

)

At 31 August 2026

55,663

9.	ULTIMATE CONTROLLING PARTY

The controlling party is M Gillespie.