LIFT SOURCE (UK) LIMITED

• ⚠

  Material uncertainty over going concern

  At the date of approval of these financial statements, it is expected that within 12 months the company will cease to trade, will be wound up and cannot be considered a going concern and therefore the accounts are not prepared on a going concern basis. However, as the trade and all remaining assets will be, if not already, transferred to another group member, it has not been necessary to make any adjustments to reduce the value of the assets or provide for any costs of cessation.

• ◆

  Audit opinion: Disclaimer of opinion

  Latest auditor's report carried a non-clean opinion.

1. LIFT SOURCE (UK) LIMITED 1991-03-22 → present
2. SPEED 1198 LIMITED 1991-02-25 → 1991-03-22

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

The MGroup Partnership

Audit opinion

Disclaimer of opinion

Going concern

Material uncertainty disclosed

“At the date of approval of these financial statements, it is expected that within 12 months the company will cease to trade, will be wound up and cannot be considered a going concern and therefore the accounts are not prepared on a going concern basis. However, as the trade and all remaining assets will be, if not already, transferred to another group member, it has not been necessary to make any adjustments to reduce the value of the assets or provide for any costs of cessation.”

Significant events

• “It is expected that within 12 months from the signing of the financial statements, the company will become dormant.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

7

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

2

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -84.8%

  £978,786 → £149,241

• Cash

  -99.6%

  £102,989 → £384

• Net assets

  -3.9%

  -£806,003 → -£837,043

• Employees

  0%

  3 → 3

• Operating profit

  +86.2%

  -£225,459 → -£31,029

• Profit before tax

  +86.3%

  -£226,254 → -£31,040

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers