Contents of the Financial Statements

for the Period Ended 31 December 2020

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2020

The directors present their report with the financial statements of the company for the period ended 31 December 2020

Directors

The directors shown below have held office during the whole of the period from
1 January 2020 to 31 December 2020

LORRAINE WALL
WSC ADAIR

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
2 July 2021

And signed on behalf of the board by:
Name: LORRAINE WALL
Status: Secretary

Profit And Loss Account

for the Period Ended 31 December 2020

	2020	2019
	£	£
Turnover:	5,724,130	6,841,483
Cost of sales:	( 3,787,840 )	( 4,405,599 )
Gross profit(or loss):	1,936,290	2,435,884
Distribution costs:	( 176,218 )	( 331,794 )
Administrative expenses:	( 1,602,209 )	( 1,736,883 )
Other operating income:	128,339	0
Operating profit(or loss):	286,202	367,207
Interest receivable and similar income:	4,376	7,762
Interest payable and similar charges:	( 4,335 )	( 7,922 )
Profit(or loss) before tax:	286,243	367,047
Tax:	( 50,460 )	( 64,834 )
Profit(or loss) for the financial year:	235,783	302,213

Balance sheet

As at 31 December 2020

	Notes	2020	2019
		£	£
Called up share capital not paid:		0	0
Fixed assets
Intangible assets:		0	0
Tangible assets:	3	62,360	180,542
Investments:		0	0
Total fixed assets:		62,360	180,542
Current assets
Stocks:	4	68,792	68,846
Debtors:	5	3,453,423	2,843,785
Cash at bank and in hand:		456,798	823,270
Investments:		0	0
Total current assets:		3,979,013	3,735,901
Prepayments and accrued income:		0	0
Creditors: amounts falling due within one year:	6	( 2,792,539 )	( 2,854,775 )
Net current assets (liabilities):		1,186,474	881,126
Total assets less current liabilities:		1,248,834	1,061,668
Creditors: amounts falling due after more than one year:	7	( 7,035 )	( 38,797 )
Provision for liabilities:		0	0
Accruals and deferred income:		0	0
Total net assets (liabilities):		1,241,799	1,022,871
Capital and reserves
Called up share capital:		7,500	7,500
Share premium account:		0	0
Other reserves:		67,223	84,078
Profit and loss account:		1,167,076	931,293
Total Shareholders' funds:		1,241,799	1,022,871

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2020

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

  Turnover policy

  The Company recognises revenue when performance obligations have been satisfied and for theCompany this occurs when the control of the promised good or service (performance obligation) istransferred to a customer.A performance obligation is a distinct good or service within a contract that customer can benefit onstand-alone basis. For new equipment and modernisation contracts, a performance obligation typicallymeans delivery and installation of a single unit, i.e. an elevator, escalator or other People Flow solution.For maintenance contracts, maintenance of a single unit is considered as a distinct performanceobligation and for repairs business, typically a service order is a performance obligation.

  Tangible fixed assets depreciation policy

  Tangible fixed assets stated at cost less accumulated depreciation and accumulated impairment losses.Cost includes the original purchase price, costs directly attributable to bringing the asset to its workingcondition for its intended use, dismantling and restoration costs and borrowing costs capitalizedvalues, on a straight line basis over the expected useful economic lives of the assets concerned

  Other accounting policies

  StocksTaxationLeasesForeign currenciesFinance costsPension costsCashEquity

Notes to the Financial Statements

for the Period Ended 31 December 2020

• 2. Employees

  	2020	2019
  Average number of employees during the period	46	51