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REGISTERED NUMBER: 03796462 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Stairlifts Direct Limited

Stairlifts Direct Limited (Registered number: 03796462)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Stairlifts Direct Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: M Ayrton





REGISTERED OFFICE: Unit 2, Marley Mills
Alkincote Street
Keighley
West Yorkshire
BD21 5JT





REGISTERED NUMBER: 03796462 (England and Wales)





ACCOUNTANTS: Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS

Stairlifts Direct Limited (Registered number: 03796462)

Statement of Financial Position
30 September 2023

30.9.23 30.9.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,295 36,120

CURRENT ASSETS
Stocks 45,764 40,764
Debtors 5 187,852 157,273
Cash at bank 265,160 157,685
498,776 355,722
CREDITORS
Amounts falling due within one year 6 (264,285 ) (96,151 )
NET CURRENT ASSETS 234,491 259,571
TOTAL ASSETS LESS CURRENT
LIABILITIES

272,786

295,691

CREDITORS
Amounts falling due after more than one
year

7

(20,833

)

(30,833

)

PROVISIONS FOR LIABILITIES 8 (9,574 ) (6,863 )
NET ASSETS 242,379 257,995

CAPITAL AND RESERVES
Called up share capital 103 103
Retained earnings 242,276 257,892
SHAREHOLDERS' FUNDS 242,379 257,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

Stairlifts Direct Limited (Registered number: 03796462)

Statement of Financial Position - continued
30 September 2023



The financial statements were approved by the director and authorised for issue on 15 January 2024 and were signed by:





M Ayrton - Director


Stairlifts Direct Limited (Registered number: 03796462)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Stairlifts Direct Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the amounts received or receivable for goods and services provided to customers, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 20% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2022 - 12 ) .

Stairlifts Direct Limited (Registered number: 03796462)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 October 2022 14,114 28,930 2,692
Additions - 3,095 -
At 30 September 2023 14,114 32,025 2,692
DEPRECIATION
At 1 October 2022 13,835 21,576 2,129
Charge for year 280 1,045 141
At 30 September 2023 14,115 22,621 2,270
NET BOOK VALUE
At 30 September 2023 (1 ) 9,404 422
At 30 September 2022 279 7,354 563

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2022 66,917 19,387 132,040
Additions 10,000 - 13,095
At 30 September 2023 76,917 19,387 145,135
DEPRECIATION
At 1 October 2022 44,485 13,895 95,920
Charge for year 8,081 1,373 10,920
At 30 September 2023 52,566 15,268 106,840
NET BOOK VALUE
At 30 September 2023 24,351 4,119 38,295
At 30 September 2022 22,432 5,492 36,120

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 186,293 156,573
Prepayments 1,559 700
187,852 157,273

Stairlifts Direct Limited (Registered number: 03796462)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 56,307 -
Tax 104,937 37,291
Social security and other taxes 89,777 45,383
Directors' current accounts 64 216
Accrued expenses 3,200 3,261
264,285 96,151

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 10,833 20,833
20,833 30,833

8. PROVISIONS FOR LIABILITIES
30.9.23 30.9.22
£    £   
Deferred tax 9,574 6,863

Deferred
tax
£   
Balance at 1 October 2022 6,863
Charge to profit and loss 2,711
Balance at 30 September 2023 9,574

9. ULTIMATE CONTROLLING PARTY

The company is controlled by virtue of the shareholding.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Stairlifts Direct Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stairlifts Direct Limited for the year ended 30 September 2023 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Stairlifts Direct Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Stairlifts Direct Limited and state those matters that we have agreed to state to the director of Stairlifts Direct Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stairlifts Direct Limited and its director for our work or for this report.

It is your duty to ensure that Stairlifts Direct Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stairlifts Direct Limited. You consider that Stairlifts Direct Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stairlifts Direct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Stirk Lambert & Co
Chartered Accountants
Russell Chambers
61a North Street
Keighley
West Yorkshire
BD21 3DS


15 January 2024