REGISTERED NUMBER: 07586000 (England and Wales)

SOUTH WALES STAIRLIFTS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

Miss N Cooper

Mr. P Roberts

REGISTERED OFFICE:

Unit 2A&B, Palmersvale Business Centre

Barry

CF63 2XA

REGISTERED NUMBER:

07586000 (England and Wales)

ACCOUNTANTS:

Carston ETL

Tudor House

16 Cathedral Road

Cardiff

CF11 9LJ

FIXED ASSETS

Tangible assets

4

56,235

36,133

CURRENT ASSETS

Stocks

8,000

8,000

Debtors

5

21,756

23,004

Cash at bank and in hand

79,015

80,337

108,771

111,341

CREDITORS

Amounts falling due within one year

6

65,811

51,770

NET CURRENT ASSETS

42,960

59,571

TOTAL ASSETS LESS CURRENT LIABILITIES

99,195

95,704

CREDITORS

Amounts falling due after more than one year

7

(33,412

)

(27,493

)

PROVISIONS FOR LIABILITIES

(12,823

)

(13,500

)

NET ASSETS

52,960

54,711

CAPITAL AND RESERVES

Called up share capital

8

2

2

Retained earnings

52,958

54,709

SHAREHOLDERS' FUNDS

52,960

54,711

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

Miss N Cooper - Director

1.	STATUTORY INFORMATION

South Wales Stairlifts Ltd 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% straight line on cost

Fixtures and fittings

-

25% straight line on cost

Motor vehicles

-

25% straight line on cost

Computer equipment

-

25% straight line on cost

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.

Hire purchase and leasing commitments

Assets 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 the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

-

1,427

65,134

5,987

72,548

Additions

1,422

-

39,616

1,585

42,623

At 31 March 2025

1,422

1,427

104,750

7,572

115,171

DEPRECIATION

At 1 April 2024

-

1,425

31,128

3,862

36,415

Charge for year

356

-

21,239

926

22,521

At 31 March 2025

356

1,425

52,367

4,788

58,936

NET BOOK VALUE

At 31 March 2025

1,066

2

52,383

2,784

56,235

At 31 March 2024

-

2

34,006

2,125

36,133

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

45,342

Additions

28,126

At 31 March 2025

73,468

DEPRECIATION

At 1 April 2024

11,336

Charge for year

18,366

At 31 March 2025

29,702

NET BOOK VALUE

At 31 March 2025

43,766

At 31 March 2024

34,006

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,714

7,817

Other debtors

12,042

15,187

21,756

23,004

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

13,242

7,767

Trade creditors

20,437

28,598

Taxation and social security

26,085

9,950

Other creditors

6,047

5,455

65,811

51,770

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

33,412

27,493

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2

Ordinary

£1

2

2