ELEVATED LIFTS LIMITED - Abbreviated accounts 16.1

REGISTERED NUMBER: 03056715 (England and Wales)

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

ELEVATED LIFTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

C Young

SECRETARY:

REGISTERED OFFICE:

95 Church Road

Erdington

Birmingham

B24 9BE

REGISTERED NUMBER:

03056715 (England and Wales)

ACCOUNTANTS:

Stanley G Williams & Sons

95 Church Road

Erdington

Birmingham

B24 9BE

FIXED ASSETS

Tangible assets

2

1,689

1,336

CURRENT ASSETS

Debtors

15,098

26,581

Cash at bank

61,076

48,524

76,174

75,105

CREDITORS

Amounts falling due within one year

20,862

17,548

NET CURRENT ASSETS

55,312

57,557

TOTAL ASSETS LESS CURRENT
LIABILITIES

57,001

58,893

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

56,999

58,891

SHAREHOLDERS' FUNDS

57,001

58,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 20 February 2017 and were signed by:

C Young - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2015

20,121

Additions

916

At 31 May 2016

21,037

DEPRECIATION

At 1 June 2015

18,785

Charge for year

563

At 31 May 2016

19,348

NET BOOK VALUE

At 31 May 2016

1,689

At 31 May 2015

1,336

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2