P & W Lift Services Limited - Accounts to registrar (filleted) - small 18.2

P & W Lift Services Limited - Accounts to registrar (filleted) - small 18.2

P & W LIFT SERVICES LIMITED - Company Information

Print Friendly Version

IRIS Accounts Production v20.3.4.1 08604647 Board of Directors 1.8.19 31.7.20 31.7.20 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure086046472019-07-31086046472020-07-31086046472019-08-012020-07-31086046472018-07-31086046472018-08-012019-07-31086046472019-07-3108604647ns16:EnglandWales2019-08-012020-07-3108604647ns15:PoundSterling2019-08-012020-07-3108604647ns11:Director12019-08-012020-07-3108604647ns11:PrivateLimitedCompanyLtd2019-08-012020-07-3108604647ns11:SmallEntities2019-08-012020-07-3108604647ns11:AuditExempt-NoAccountantsReport2019-08-012020-07-3108604647ns11:SmallCompaniesRegimeForDirectorsReport2019-08-012020-07-3108604647ns11:SmallCompaniesRegimeForAccounts2019-08-012020-07-3108604647ns11:AbridgedAccounts2019-08-012020-07-3108604647ns11:OrdinaryShareClass12019-08-012020-07-3108604647ns11:Director22019-08-012020-07-3108604647ns11:RegisteredOffice2019-08-012020-07-3108604647ns6:CurrentFinancialInstruments2020-07-3108604647ns6:CurrentFinancialInstruments2019-07-3108604647ns6:Non-currentFinancialInstruments2020-07-3108604647ns6:Non-currentFinancialInstruments2019-07-3108604647ns6:ShareCapital2020-07-3108604647ns6:ShareCapital2019-07-3108604647ns6:RetainedEarningsAccumulatedLosses2020-07-3108604647ns6:RetainedEarningsAccumulatedLosses2019-07-3108604647ns6:MotorVehicles2019-08-012020-07-3108604647ns6:ComputerEquipment2019-08-012020-07-3108604647ns11:OrdinaryShareClass12020-07-31
REGISTERED NUMBER: 08604647 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2020

for

P & W Lift Services Limited
P & W Lift Services Limited (Registered number: 08604647)






Contents of the Financial Statements
for the Year Ended 31 July 2020




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


P & W Lift Services Limited

Company Information
for the Year Ended 31 July 2020







DIRECTORS: S Povey
S Walker





REGISTERED OFFICE: 14, The Oaks
Clews Road
Oakenshaw
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 08604647 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14, The Oaks
Clews Road
Oakenshaw
Redditch
Worcestershire
B98 7ST
Page 1
P & W Lift Services Limited (Registered number: 08604647)

Abridged Statement of Financial Position
31 July 2020

31.7.20 31.7.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,765 37,987

CURRENT ASSETS
Debtors 51,650 32,206
Cash at bank 63,307 22,483
114,957 54,689
CREDITORS
Amounts falling due within one year 78,440 52,343
NET CURRENT ASSETS 36,517 2,346
TOTAL ASSETS LESS CURRENT
LIABILITIES
67,282
40,333

CREDITORS
Amounts falling due after more than one
year
(55,873
)
(31,423
)

PROVISIONS FOR LIABILITIES (5,845 ) (7,218 )
NET ASSETS 5,564 1,692

CAPITAL AND RESERVES
Called up share capital 5 2 2
Retained earnings 5,562 1,690
SHAREHOLDERS' FUNDS 5,564 1,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2020 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 notes form part of these financial statements

Page 2 continued...
P & W Lift Services Limited (Registered number: 08604647)

Abridged Statement of Financial Position - continued
31 July 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 July 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 October 2020 and were signed on its behalf by:





S Walker - Director


The notes form part of these financial statements

Page 3
P & W Lift Services Limited (Registered number: 08604647)

Notes to the Financial Statements
for the Year Ended 31 July 2020

1. STATUTORY INFORMATION

P & W Lift Services 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. 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 25% on reducing balance
Equipment - 15% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Page 4 continued...
P & W Lift Services Limited (Registered number: 08604647)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2020

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2019 - 4 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2019 82,774
Additions 2,311
At 31 July 2020 85,085
DEPRECIATION
At 1 August 2019 44,787
Charge for year 9,533
At 31 July 2020 54,320
NET BOOK VALUE
At 31 July 2020 30,765
At 31 July 2019 37,987

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 August 2019
and 31 July 2020 65,497
DEPRECIATION
At 1 August 2019 32,780
Charge for year 8,179
At 31 July 2020 40,959
NET BOOK VALUE
At 31 July 2020 24,538
At 31 July 2019 32,717

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.7.20 31.7.19
value: £    £   
2 Ordinary £1 2 2

6. ULTIMATE CONTROLLING PARTY

During the financial year the controlling parties were the directors by virtue of their 100% ownership of the issued share capital of the company.

Page 5