County Lifts Limited - Period Ending 2020-07-31

County Lifts Limited

Contents

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

County Lifts Limited

Company Information

Directors

Mr J Taylor Mr K E Taylor

Company secretary

Mrs C M Taylor

Registered office

10 Manor Fields Drive Ilkeston Derbys DE7 5FA

Accountants

Vanilla Accounting Limited Chartered Accountants Appleton House 25 Rectory Road West Bridgford Nottingham Nottinghamshire NG2 6BE

County Lifts Limited

(Registration number: 04514126)
Balance Sheet as at 31 July 2020

	2020 £	2019 £
Fixed assets	52,448	27,114
Current assets	210,954	124,797
Creditors: Amounts falling due within one year	(134,502)	(128,988)
Net current assets/(liabilities)	76,452	(4,191)
Total assets less current liabilities	128,900	22,923
Creditors: Amounts falling due after more than one year	(68,924)	-
Accruals and deferred income	(1,570)	(1,570)
	58,406	21,353
Capital and reserves	58,406	21,353

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:
10 Manor Fields Drive
Ilkeston
Derbys
DE7 5FA
England

These financial statements were authorised for issue by the Board on 26 February 2021.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2019 - 4).

3	Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £24,292 (2019 - £3,380). These relate to hire purchase creditors to which are secured on the fixed assets to which the funding relates.

Included in the balance sheet are guarantees of £Nil (2019 - £2,550). Certain directors have provided personal guarantees on loans from third parties.

County Lifts Limited

(Registration number: 04514126)
Balance Sheet as at 31 July 2020

4	Related party transactions

Transactions with directors

2020	At 1 August 2019 £	Advances to directors £	Repayments by director £	At 31 July 2020 £
Mr K E Taylor
Advances/Credits	(85,477)	62,179	(57,922)	(81,219)
Mr J Taylor
Advances/Credits	(33)	36,976	(37,045)	(102)

2019	At 1 August 2018 £	Advances to directors £	Repayments by director £	At 31 July 2019 £
Mr K E Taylor
Advances/Credits	(80,768)	30,107	(34,816)	(85,477)
Mr J Taylor
Advances/Credits	-	29,950	(29,984)	(33)

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 July 2020 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.

Approved and authorised by the Board on 26 February 2021 and signed on its behalf by:
 

.........................................

Mr K E Taylor
Director