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Company Registration No. NI622477 (Northern Ireland)
Stairlift Solutions N I Limited Unaudited accounts for the year ended 31 March 2025
Stairlift Solutions N I Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
176,751
143,824
Current assets
Inventories
144,000
125,000
Debtors
5
82,412
106,183
Cash at bank and in hand
182,182
127,596
408,594
358,779
Creditors: amounts falling due within one year
6
(257,240)
(207,394)
Net current assets
151,354
151,385
Total assets less current liabilities
328,105
295,209
Creditors: amounts falling due after more than one year
7
(30,734)
-
Net assets
297,371
295,209
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
297,271
295,109
Shareholders' funds
297,371
295,209
For the year ending 31 March 2025 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 October 2025 and were signed on its behalf by
Michael Wallace Director Company Registration No. NI622477
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Stairlift Solutions N I Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Stairlift Solutions N I Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI622477. The registered office is 141 Quarry Heights, Newtownards, County Down, BT23 7SZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight Line
Fixtures & fittings
15% Straight Line
Computer equipment
15% Straight Line
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of medical & orthopaedic goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.
Going concern
Having reviewed the resources available the director of Stairlift Solutions NI Ltd believes that the company has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, Stairlift Solutions NI Ltd continues to adopt the going concern basis in preparation of its financial statements.
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Stairlift Solutions N I Limited Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
177,971
98,375
-
276,346
Additions
86,180
985
1,413
88,578
At 31 March 2025
264,151
99,360
1,413
364,924
Depreciation
At 1 April 2024
114,638
17,884
-
132,522
Charge for the year
40,794
14,729
128
55,651
At 31 March 2025
155,432
32,613
128
188,173
Net book value
At 31 March 2025
108,719
66,747
1,285
176,751
At 31 March 2024
63,333
80,491
-
143,824
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
19,685
38,339
Trade debtors
8,746
-
Amounts due from group undertakings etc.
53,981
44,003
Accrued income and prepayments
-
23,841
82,412
106,183
6
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
13,863
3,034
Trade creditors
154,251
112,274
Taxes and social security
16,126
20,291
Other creditors
69,591
46,573
Loans from directors
409
22,222
Accruals
3,000
3,000
257,240
207,394
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
30,734
-
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
50 Ordinary A shares of £1 each
50
50
50 Ordinary B shares of £1 each
50
50
100
100
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Stairlift Solutions N I Limited Notes to the Accounts for the year ended 31 March 2025
9
Average number of employees
During the year the average number of employees was 16 (2024: 15).
- 5 -