Company Registration No. 10709466 (England and Wales)
LIFT MAKER LIMITED
Unaudited accounts
for the year ended 31 March 2021
LIFT MAKER LIMITED
Unaudited accounts
Contents
LIFT MAKER LIMITED
Company Information
for the year ended 31 March 2021
Director
Mr Ljupco Petkov
Company Number
10709466 (England and Wales)
Registered Office
26 KINGS HILL AVENUE
WEST MALLING
KENT
ME19 4AH
ENGLAND
Accountants
Edmil Accountants UK Ltd
146 Broadway
Didcot
Oxfordshire
OX11 8SH
LIFT MAKER LIMITED
Statement of financial position
as at
31 March 2021
Tangible assets
15,880
24,660
Cash at bank and in hand
11,547
15,105
Creditors: amounts falling due within one year
(98,301)
(37,985)
Net current liabilities
(76,737)
(22,880)
Net (liabilities)/assets
(60,857)
1,780
Called up share capital
10,000
10,000
Profit and loss account
(70,857)
(8,220)
Shareholders' funds
(60,857)
1,780
For the year ending 31 March 2021 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 November 2021 and were signed on its behalf by
Mr Ljupco Petkov
Director
Company Registration No. 10709466
LIFT MAKER LIMITED
Notes to the Accounts
for the year ended 31 March 2021
LIFT MAKER LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10709466. The registered office is 26 KINGS HILL AVENUE, WEST MALLING, KENT, ME19 4AH, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight line
Motor vehicles
20% Straight line
Fixtures & fittings
20% Straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2020
27,879
12,500
8,000
48,379
Additions
1,120
-
-
1,120
At 31 March 2021
28,999
12,500
8,000
49,499
At 1 April 2020
11,419
7,500
4,800
23,719
Charge for the year
5,800
2,500
1,600
9,900
At 31 March 2021
17,219
10,000
6,400
33,619
At 31 March 2021
11,780
2,500
1,600
15,880
At 31 March 2020
16,460
5,000
3,200
24,660
5
Debtors: amounts falling due within one year
2021
2020
LIFT MAKER LIMITED
Notes to the Accounts
for the year ended 31 March 2021
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
50,000
-
Other creditors
30,485
37,985
Loans from directors
1,023
-
Included in Creditors is an amount of £50,000 in the form of bounce back loan owed to the bank.
7
Share capital
2021
2020
Allotted, called up and fully paid:
10,000 Authorised, allotted, called up and fully paid 10,000 (2019 - 10,000) Ordinaryshares of £1.00 each of £1 each
10,000
10,000
Included in Accruals is the sum of £4,120 owed to Diana Markova for payments made unbehalf of the company.
9
Transactions with related parties
At year end, the business owed the sum of £1,023 to the director Ljupcho Petkov.
10
Average number of employees
During the year the average number of employees was 3 (2020: 2).