Company Registration No. 10709466 (England and Wales)
LIFT MAKER LIMITED
Unaudited accounts
for the year ended 31 March 2023
LIFT MAKER LIMITED
Unaudited accounts
Contents
LIFT MAKER LIMITED
Company Information
for the year ended 31 March 2023
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 2023
Cash at bank and in hand
1,361
3,256
Creditors: amounts falling due within one year
(42,017)
(34,542)
Net current liabilities
(40,656)
(31,286)
Total assets less current liabilities
(40,476)
(22,270)
Creditors: amounts falling due after more than one year
(82,865)
(85,999)
Net liabilities
(123,341)
(108,269)
Called up share capital
10,000
10,000
Profit and loss account
(133,341)
(118,269)
Shareholders' funds
(123,341)
(108,269)
For the year ending 31 March 2023 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 15 November 2023 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 2023
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 2022
28,999
16,295
8,000
53,294
At 31 March 2023
28,999
16,295
8,000
53,294
At 1 April 2022
23,019
13,259
8,000
44,278
Charge for the year
5,800
3,036
-
8,836
At 31 March 2023
28,819
16,295
8,000
53,114
At 31 March 2023
180
-
-
180
At 31 March 2022
5,980
3,036
-
9,016
LIFT MAKER LIMITED
Notes to the Accounts
for the year ended 31 March 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
5,769
11,303
Taxes and social security
9,786
4,293
Loans from directors
19,378
251
Included in Creditors is an amount of £5,769 owed to other lenders -Iwoca and due to be repaid within one year. (FY:2022- £11,303)
Also included in creditors is an amount of £464 due to HMRC for Outstanding VAT (FY:2022- £12,075)
Included in other taxes is an amount of £9,786 for PAYE and Construction Industry Scheme (CIS) payable to HMRC at year end 31 March 2023. (FY:2022-£4,293 )
Included in Creditors is the sum of £6,620 (FY:2022- £6,620) owed to Diana Markova for payments made unbehalf of the company.
6
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
40,322
40,322
Included in Creditors is an amount of £42,543 (FY:2022- £45,677) in the form of bounce back loan owed to the bank.
The business also owe the sum of £40,322 (FY:2022- £40,322) to the director Ljupcho Petkov for amount invested in the business to date but note repaid.
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
8
Transactions with related parties
At year end, the business owed the sum of £19,378 (FY:2022- £251) owed to the director Ljupcho Petkov.
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).