Registered number
08130657
HALTON STAIRLIFTS LIMITED
Unaudited Filleted Accounts
31 July 2024
HALTON STAIRLIFTS LIMITED
Registered number: 08130657
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 17,039 14,926
Tangible assets 4 384,109 375,097
401,148 390,023
Current assets
Stocks 72,139 60,084
Debtors 5 452,806 338,234
Cash at bank and in hand 276,322 164,333
801,267 562,651
Creditors: amounts falling due within one year 6 (458,521) (434,918)
Net current assets 342,746 127,733
Total assets less current liabilities 743,894 517,756
Creditors: amounts falling due after more than one year 7 (237,103) (222,205)
Net assets 506,791 295,551
Capital and reserves
Called up share capital 201 201
Profit and loss account 506,590 295,350
Shareholders' funds 506,791 295,551
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N McKenzie
Director
Approved by the board on 3 January 2025
HALTON STAIRLIFTS LIMITED
Notes to the Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 22 21
3 Intangible fixed assets £
Software:
Cost
At 1 August 2023 30,688
Additions 10,313
At 31 July 2024 41,001
Amortisation
At 1 August 2023 15,762
Provided during the year 8,200
At 31 July 2024 23,962
Net book value
At 31 July 2024 17,039
At 31 July 2023 14,926
Software development is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 91,907 72,065 393,533 557,505
Additions - 17,451 101,484 118,935
Disposals - - (66,660) (66,660)
At 31 July 2024 91,907 89,516 428,357 609,780
Depreciation
At 1 August 2023 12,518 47,523 122,367 182,408
Charge for the year 3,969 15,519 64,405 83,893
On disposals - - (40,630) (40,630)
At 31 July 2024 16,487 63,042 146,142 225,671
Net book value
At 31 July 2024 75,420 26,474 282,215 384,109
At 31 July 2023 79,389 24,542 271,166 375,097
5 Debtors 2024 2023
£ £
Trade debtors 87,222 79,770
Other debtors 365,584 258,464
452,806 338,234
6 Creditors: amounts falling due within one year 2024 2023
£ £
Deposits and deferred income 62,581 105,390
Bank loans and overdrafts 10,560 12,480
Obligations under finance lease and hire purchase contracts 48,764 35,415
Trade creditors 153,693 149,425
Taxation and social security costs 179,735 127,203
Other creditors 3,188 5,005
458,521 434,918
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,917 15,755
Obligations under finance lease and hire purchase contracts 229,186 206,450
237,103 222,205
8 Other information
HALTON STAIRLIFTS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Unit 16
Sprint Way
Speke Business Park
Liverpool
L24 9AB
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