Bath-Lift Limited Filleted Accounts Cover
Bath-Lift Limited
Company No. 03925350
Information for Filing with The Registrar
30 June 2023
Bath-Lift Limited Directors Report Registrar
The Directors present their report and the accounts for the year ended 30 June 2023.
Principal activities
The principal activity of the company during the year under review was manufacturing of bath aids.
Directors
The Directors who served at any time during the year were as follows:
A.E. Greenwood
W.L. Steadman
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
W.L. Steadman
Director
07 March 2024
Bath-Lift Limited Balance Sheet Registrar
at
30 June 2023
Company No.
03925350
Notes
2023
2022
£
£
Fixed assets
Intangible assets
4
81,75087,200
81,75087,200
Current assets
Stocks
5
94,15394,980
Debtors
6
38,65630,868
Cash at bank and in hand
61,58694,181
194,395220,029
Creditors: Amount falling due within one year
7
(111,162)
(119,683)
Net current assets
83,233100,346
Total assets less current liabilities
164,983187,546
Net assets
164,983187,546
Capital and reserves
Called up share capital
11
Profit and loss account
9
164,982187,545
Total equity
164,983187,546
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 30 June 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 07 March 2024 and signed on its behalf by:
W.L. Steadman
Director
07 March 2024
Bath-Lift Limited Notes to the Accounts Registrar
for the year ended 30 June 2023
1
General information
Bath-Lift Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 03925350
Its registered office is:
Unit 75 Bedford Street
Stoke-On-Trent
ST1 4PZ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Defined contribution pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

When payments are eventually made, they are charged to the provision carried in the balance sheet.
3
Employees
2023
2022
Number
Number
The average monthly number of employees (including directors) during the year was:
78
4
Intangible fixed assets
Patents and trade-marks
Total
£
£
Cost
At 1 July 2022
109,000109,000
At 30 June 2023
109,000109,000
Amortisation and impairment
At 1 July 2022
21,80021,800
Charge for the year
5,4505,450
At 30 June 2023
27,25027,250
Net book values
At 30 June 2023
81,75081,750
At 30 June 2022
87,20087,200
5
Stocks
2023
2022
£
£
Raw materials and consumables
94,15394,980
94,15394,980
6
Debtors
2023
2022
£
£
Trade debtors
36,38129,353
Prepayments and accrued income
2,2751,515
38,65630,868
7
Creditors:
amounts falling due within one year
2023
2022
£
£
Trade creditors
8,3343,560
Taxes and social security
24,701
36,239
Loans from directors
76,32376,323
Other creditors
539496
Accruals and deferred income
1,2653,065
111,162119,683
8
Share Capital
100 Ordinary shares
9
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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