Company Registration No. 06979107 (England and Wales)
KS Stairlifts Limited
Unaudited accounts
for the year ended 31 March 2023
KS Stairlifts Limited
Unaudited accounts
Contents
KS Stairlifts Limited
Company Information
for the year ended 31 March 2023
Directors
Kevin Patrick Smith
Lesley Marion Smith
Secretary
Lesley Marion Smith
Company Number
06979107 (England and Wales)
Registered Office
33 Gloucester Road
Newton Abbot
Devon
TQ12 1AY
Accountants
Mrs Catherine Flannery, FMAAT, FCCA, BSc (Hons)
South Devon Accounting Ltd
6 Orchard Close
Ogwell
Newton Abbot
TQ12 6AL
KS Stairlifts Limited
Statement of financial position
as at 31 March 2023
Intangible assets
9,625
11,125
Tangible assets
10,468
8,962
Cash at bank and in hand
(1,954)
1,571
Creditors: amounts falling due within one year
(59,751)
(35,001)
Net current liabilities
(15,374)
(13,022)
Total assets less current liabilities
4,719
7,065
Creditors: amounts falling due after more than one year
(1,349)
(4,047)
Called up share capital
100
100
Profit and loss account
3,270
2,918
Shareholders' funds
3,370
3,018
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 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 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 of Directors and authorised for issue on 9 October 2023 and were signed on its behalf by
Kevin Patrick Smith
Director
Company Registration No. 06979107
KS Stairlifts Limited
Notes to the Accounts
for the year ended 31 March 2023
KS Stairlifts Limited is a private company, limited by shares, registered in England and Wales, registration number 06979107. The registered office is 33 Gloucester Road, Newton Abbot, Devon, TQ12 1AY.
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
25% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
KS Stairlifts Limited
Notes to the Accounts
for the year ended 31 March 2023
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2022
9,715
13,995
23,710
At 31 March 2023
9,715
18,990
28,705
At 1 April 2022
8,625
6,123
14,748
Charge for the year
272
3,217
3,489
At 31 March 2023
8,897
9,340
18,237
At 31 March 2023
818
9,650
10,468
At 31 March 2022
1,090
7,872
8,962
Amounts falling due within one year
Trade debtors
36,688
17,531
Accrued income and prepayments
1,270
1,270
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Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
2,699
2,699
Trade creditors
28,982
7,625
Taxes and social security
2,554
1,017
Other creditors
2,773
1,898
Loans from directors
22,043
21,112
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Creditors: amounts falling due after more than one year
2023
2022
Obligations under finance leases and hire purchase contracts
1,349
4,047
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Average number of employees
During the year the average number of employees was 3 (2022: 2).