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REGISTERED NUMBER: 06749956 (England and Wales)










LEODIS STAIRLIFTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024






LEODIS STAIRLIFTS LIMITED (REGISTERED NUMBER: 06749956)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024










Page

Balance Sheet 1 to 2

Notes to the Financial Statements 3 to 7


LEODIS STAIRLIFTS LIMITED (REGISTERED NUMBER: 06749956)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,077 147,563

CURRENT ASSETS
Stocks 41,240 40,000
Debtors 5 139,035 137,340
Cash at bank and in hand 689,045 477,743
869,320 655,083
CREDITORS
Amounts falling due within one year 6 337,218 324,563
NET CURRENT ASSETS 532,102 330,520
TOTAL ASSETS LESS CURRENT LIABILITIES 677,179 478,083

CREDITORS
Amounts falling due after more than one year 7 (62,431 ) (76,601 )

PROVISIONS FOR LIABILITIES 10 (25,501 ) (36,891 )
NET ASSETS 589,247 364,591

CAPITAL AND RESERVES
Called up share capital 11 2 1
Retained earnings 589,245 364,590
SHAREHOLDERS' FUNDS 589,247 364,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 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.

LEODIS STAIRLIFTS LIMITED (REGISTERED NUMBER: 06749956)

BALANCE SHEET - continued
30TH NOVEMBER 2024


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.

The financial statements were approved by the director and authorised for issue on 2nd June 2025 and were signed by:





M Brown - Director


LEODIS STAIRLIFTS LIMITED (REGISTERED NUMBER: 06749956)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024


1. STATUTORY INFORMATION

Leodis Stairlifts Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 06749956

Registered office: 32 The Avenue
Scholes
Leeds
West Yorkshire
LS15 4AS

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

At the time of signing these accounts, having considered the economic climate, the directors expectations and intentions for the next 12 months, and the availability of working capital, the directors are of the opinion that the company will remain viable for the foreseeable future and accordingly these financial statements have been prepared on the going concern basis.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & Machinery25% Reducing balance
Motor Vehicles25% Reducing balance
Furniture & Fittings15% Reducing balance
Computer Equipment 15% Reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

LEODIS STAIRLIFTS LIMITED (REGISTERED NUMBER: 06749956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into transactions in ‘basic’ financial instruments which result in the recognition of assets and liabilities; these include trade and other debtors and creditors, bank balances, loans from banks and other third parties, and loans to related parties. These are recognised in the company’s balance sheet when it becomes party to the contractual provisions of the instrument.

Basic financial assets (other than those classified as payable within one year) are initially measured at cost and are subsequently carried at cost or amortised cost using the effective interest method, less any impairment losses. Basic financial assets classed as receivable within one year are not amortised.

Basic financial liabilities (other than those classified as payable within one year) are initially measured at present value of future cash flows and subsequently at amortised cost using the effective interest method. Basic financial liabilities classed as payable within one year are not amortised.

Financial assets and liabilities are offset, with the net amount reported in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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
Asset obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provision for liabilities
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

LEODIS STAIRLIFTS LIMITED (REGISTERED NUMBER: 06749956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 25 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st December 2023 333,069
Additions 45,823
Disposals (75,501 )
At 30th November 2024 303,391
DEPRECIATION
At 1st December 2023 185,506
Charge for year 38,627
Eliminated on disposal (65,819 )
At 30th November 2024 158,314
NET BOOK VALUE
At 30th November 2024 145,077
At 30th November 2023 147,563

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,825 12,504
Other debtors 114,210 124,836
139,035 137,340

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 43,619 32,499
Trade creditors 38,762 27,054
Taxation and social security 213,780 212,338
Other creditors 41,057 52,672
337,218 324,563

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 62,431 76,601

LEODIS STAIRLIFTS LIMITED (REGISTERED NUMBER: 06749956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase
contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 43,619 32,499
Between one and five years 62,431 76,601
106,050 109,100

Non-cancellable
operating leases
2024 2023
£    £   
Within one year 63,432 104,271
Between one and five years 115,995 -
In more than five years 800 -
180,227 104,271

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 106,050 109,100

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 25,501 36,891

Deferred
tax
£   
Balance at 1st December 2023 36,891
Credit to Statement of Income and Retained Earnings during year (11,390 )
Balance at 30th November 2024 25,501

LEODIS STAIRLIFTS LIMITED (REGISTERED NUMBER: 06749956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2024


11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary 1 1 1
1 Ordinary B 1 1 -
2 1

12. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owed to the associated company, Macpower Limited, of £25,796 (2023 - £25,796), and amounts owed to the directors of £885 (2023 - £18,236). There are no conditions regarding these amounts.