Lift Services (UK) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04129656 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31st December 2021

for

Lift Services (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M H Ellis

REGISTERED OFFICE:

Trios House Reform Road

Maidenhead

Berkshire

SL6 8BY

BUSINESS ADDRESS:

Coronation House

College Glen

Maidenhead

Berkshire

SL6 6BL

REGISTERED NUMBER:

04129656 (England and Wales)

ACCOUNTANTS:

Hannaways

Trios House

Reform Road

Maidenhead

Berkshire

SL6 8BY

FIXED ASSETS

Tangible assets

4

1,130

1,488

CURRENT ASSETS

Debtors

5

31,216

43,592

Cash at bank

49,271

58,843

80,487

102,435

CREDITORS

Amounts falling due within one year

6

28,264

35,419

NET CURRENT ASSETS

52,223

67,016

TOTAL ASSETS LESS CURRENT LIABILITIES

53,353

68,504

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

8

53,253

68,404

SHAREHOLDERS' FUNDS

53,353

68,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 4th July 2022 and were signed by:

M H Ellis - Director

1.	STATUTORY INFORMATION

Lift Services (UK) 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.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the accrual model.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Short term debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction cost. Any losses from impairment are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1st January 2021

and 31st December 2021

4,500

24,293

28,793

DEPRECIATION

At 1st January 2021

4,358

22,947

27,305

Charge for year

21

337

358

At 31st December 2021

4,379

23,284

27,663

NET BOOK VALUE

At 31st December 2021

121

1,009

1,130

At 31st December 2020

142

1,346

1,488

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

31,216

43,592

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

8,616

9,984

Corporation tax

2,160

6,958

Social security and other taxes

16,141

17,013

Other creditors

247

364

Directors' current accounts

820

820

Accrued expenses

280

280

28,264

35,419

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

100

Ordinary

£1

100

100

8.

RESERVES

Retained

earnings

£

At 1st January 2021

68,404

Profit for the year

8,849

Dividends

(24,000

)

At 31st December 2021

53,253

9.	ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous periods by the director by virtue of his controlling interest in the ordinary share capital of the company.